LNG Energy Group (TSX.V: LNGE) (TSX.V: LNGE.WT) (OTCQB: LNGNF) (FRA: 6MH), a company focused on the acquisition and development of natural-gas production and exploration assets in Latin America, has released an update on its natural-gas sales and drilling. The company reported 19.2 million cubic feet equivalent per day (“MMcfe/d”) of net natural-gas sales for August 2023 and 18.6 MMcfe/d year-to-date, a 19% and 15% growth in net volumes over the same periods in 2022, respectively. The report also noted that an estimated 93% of total sales this year have been from natural-gas production, and by December, LNG Energy Group will begin realizing natural-gas sales at prices ranging from $8.30 to $8.50 Mcf. In addition, the company reported that it plans to launch a drilling and workover campaign in the SSJN-1 and Perdices blocks starting in October 2023; the campaign will include a minimum of three wells. The Bullerengue Oeste 5 (“BO5”) well in the SSJN1 block will be the first well drilled. “Colombia is seeing very strong fundamentals in the natural gas sector due to current supply-demand dynamics in the country,” said LNG Energy Group chair and CEO Pablo Navarro in the press release. “We look forward to growing our Colombian natural-gas production base and working with our local stakeholders to continue to provide consistent production to our customers.”
To view the full press release, visit https://ibn.fm/7bDbo
About LNG Energy Group
LNG Energy Group is focused on the acquisition and development of natural gas production and exploration assets in Latin America. For more information about the company, please visit www.LNGEnergyGroup.com
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