08:25 AM EDT, 08/14/2025 (MT Newswires) -- Colombia-focused NG Energy International ( GASXF ) said Thursday that it commenced drilling of the Aruchara-4 well at Maria Conchita, while aggregate gross production from the Sinu-9 well reached 22 million cubic feet per day (MMcf/d).

NG Energy ( GASXF ) said the Aruchara-4 well will be drilled to a total depth of 10,000 feet in four phases. Upon completion, the well will be tied in by the end of September.

At Sinu-9, NG Energy ( GASXF ) said installation of dew point handling equipment at the Central Processing Facility is nearing completion, with full installation expected by the end of August. Aggregate gross production is expected to increase up to 30 MMcf/d after the installation.

NG Energy's ( GASXF ) share price jumped 5.9% on Wednesday to $1.08 on the TSXV.