.png)
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ Option to acquire 25% working interest in the VMM39 block with upcoming drilling in an established oil basin. Submission being prepared to drill and test SINU-9 oil prospect. VANCOUVER, BC, Aug. 9, 2023 /CNW/ – NG Energy International Corp. (" NGE " or the " Company ") (TSXV: GASX ) (OTCQX: GASXF) wishes to provide an update on the Company’s oil prospects and provide further details on its previously announced option to acquire a 25% working interest (WI) in the VMM39 Block (the " Option "). The Option is exercisable by the Company, in its sole discretion and for no additional consideration, upon completion of the San Diego-1X exploration well located in the VMM39 Block. Figure 1: VMM39 – San Diego 1X (CNW Group/NG Energy International Corp.) Figure 2: Sinu-9 LA X-1 (CNW Group/NG Energy International Corp.) Summary of prospective resources (lead) at Sinu-9 LA X-1. Note, there is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. (CNW Group/NG Energy International […]
CamTrader offers a preview only. View original article. www.newswire.ca
