CALGARY, AB, Aug. 13, 2026 (CNW Group via COMTEX) --
NG Energy International Corp. ("NGE" or the "Company") (TSX: GASX) (OTCQX: GASXF) is pleased to announce that it has filed its financial results for the three and six months ended June 30, 2026. The Company's interim condensed consolidated financial statements and management's discussion and analysis for the three and six months ended June 30, 2026, are available on the Company's website (www.ngenergyintl.com) and profile on SEDAR+ (www.sedarplus.ca).
Q2 2026 Highlights
Subsequent to Quarter-End
Jorge Fonseca, Chief Executive Officer of NGE, commented: "Our second quarter results highlight the strength of our strategy and the momentum across both Maria Conchita and Sinàºâ??9. With Sinàºâ??9 production now at the technical limit of existing capacity and the INFRAES loop set to unlock additional volumes, we are entering a sustained growth phase supported by premium Colombian natural gas pricing. Production continues to build, pricing improved yearâ??overâ??year at both assets, and our drilling programs at Sinàºâ??9 and Maria Conchita are advancing with discipline. Combined with a strengthened balance sheet, NGE is wellâ??positioned to continue its operating momentum and evaluate strategic opportunities that create longâ??term value for shareholders."
About NG Energy International Corp.
NG Energy International Corp. is a growth-orientated natural gas exploration and production company focused on delivering long-term shareholder and stakeholder value through the discovery, delineation and development of large-scale oil and gas fields in the Americas, supporting energy transition and economic growth. NGE's team has extensive technical and capital markets expertise with a proven track record of building companies and creating significant value in North and South America. In Colombia, the Company, through its indirect subsidiary Operadora NG Energy International S.A., which has a registered branch in Colombia, Operadora NG Energy Sucursal Colombia, is executing on this mission with a rapidly growing production base and an industry-leading growth trajectory, delivering natural gas into the premium-priced Colombian marketplace with a goal of being a material supplier of clean natural gas to Colombia and a broader vision of becoming a global energy platform business and providing prosperity for all stakeholders. Over the past 3 years, the Company, through its indirect subsidiary Operadora NG Energy International S.A., which has a registered branch in Colombia, Operadora NG Energy Sucursal Colombia, has successfully raised and deployed over US$200 million in debt and equity, monetized 40% of one of its assets for US$150 million in cash and has partnered in the construction and commissioning of 3 gathering, processing and treatment facilities and associated pipelines with significant capital contributions from insiders who currently own approximately 33% of the Company. For more information, please visit SEDAR+ (www.sedarplus.ca) and the Company's website (www.ngenergyintl.com).
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release, including, without limitation, statements related to drilling activities at both the Sinu-9 Block and the Maria Conchita Block, the timeline for infrastructure construction at the Sinu-9 Block and the future prices realized for sales of natural gas. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's most recent Management Discussion and Analysis and its Annual Information Form dated March 27, 2026, which are available for view on SEDAR+ at www.sedarplus.ca. These risks include but are not limited to, the risks associated with the oil and natural gas industry, such as exploration, production and general operational risks, the volatility of pricing for oil and natural gas, the inability to market natural gas production and changes in natural gas sale prices, changing investor sentiment about the oil and natural gas industry, any delays in production, marketing and transportation of natural gas, drilling costs and availability of equipment, regulatory approval risks and environmental, health and safety risks. Forward-looking statements contained herein are made as of the date of this news release, and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
No securities regulatory authority has either approved or disapproved the contents of this news release. The Toronto Stock Exchange accepts no responsibility for the adequacy or accuracy of this news release.
Abbreviations
The abbreviations set forth below have the following meanings:
Information Regarding the Company's Working Interest Disclosure
The Company's contractual interests in the exploration and production contracts for the Sinàº-9 Block and the Maria Conchita Block are maintained through its indirect wholly owned subsidiary Operadora NG Energy International, S.A. (formerly, MKMS Enerji Anonim Sirketi S.A.) ("Operadora NG Energy") and Operadora NG Energy's registered Colombian branch, Operadora NG Energy Sucursal Colombia (formerly, MKMS Enerji Sucursal Colombia) ("Operadora Colombia"). As a result of the foregoing, throughout this news release, references to "the Company" are understood to refer to NG Energy International Corp. and its direct and indirect wholly-owned subsidiaries as whole. The Company's contractual participation in the Sinàº-9 Block exploration and production contract is maintained through Operadora NG Energy, as part of the Sinàº-9 Consortium, while the Company's ownership and operation of the Maràa Conchita Block exploration and production contract is maintained through Operadora Colombia. Therefore, NG Energy International Corp. is neither a contracting party nor the holder of the exploration and production contracts with the ANH.
In both this news release and the Company's previous news releases, the term "working interest", ultimately refers to the rights and obligations agreed to eventually materialize a contractual interest in an exploration and production contract before the ANH, subject to the fulfillment of certain conditions. These conditions involve the assumption of financial risks and are generally linked to exploration pursuant to joint operating agreements. Once such conditions are fulfilled, the acquisition of a registered contractual interest, as a party of record, in the exploration and production contract may be formalized through a request for approval of an assignment before the ANH.
The assignment and allocation of "working interests" does not affect or undermine, in any way, the rights and obligations of the registered parties under the relevant exploration and production contracts. The registered parties, such as Operadora NG Energy and Operadora Colombia, remain wholly and totally liable before the ANH, the Colombian authorities and third parties in connection with any and all obligations, risks and liabilities arising from the execution, performance or termination of the exploration and production contracts. Conversely, the rights and obligations that comprise "working interests" are enforceable only among the parties to the relevant private agreements, and have no legal effect before the ANH, the Colombian authorities or third parties.
With regard to the Sinàº-9 Block, the Sinຠ9 Consortium, consisting of Maurel & Prom Colombia Sociedad Limitada (Operator â?? 61%) and Operadora NG Energy (39%), are party to the Sinàº-9 Block exploration and production contract awarded by the ANH. With respect to the Maràa Conchita Block, Operadora Colombia is the sole registered contracting party and holds a 100% contractual interest and the status of operator under the Maria Conchita Block exploration and production contract awarded by the ANH. The Company holds an 80% private economic interest in the Maria Conchita Block pursuant to private agreements with third parties, without such interest affecting the contractual ownership registered with the ANH.
SOURCE NG Energy International Corp.
SOURCE: NG Energy International Corp.
For further information: NG Energy International Corp., Brian Paes-Braga, Executive
Chairman, Jorge Fonseca, CEO, investors@ngenergyintl.com
COMTEX_490590126/2197/2026-08-13T07:18:00
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