NG Energy International Corp. announced that further to the June 28, 2022 news release, the Company has encountered significant gas in the Magico-1X well in the lower first structure, measuring 50 feet in the Ciénaga de Oro (CDO) sandstone. The well is located in the Sinu 9 block in the department of Cordoba.

The Company has identified several prospective gas bearing zones through well logs at a depth between 3,200 and 3,350 feet for a total gross pay of 150 feet and a net pay of 100 feet. NGE and Cleanenergy Resources SAS started testing the first zone and will continue this week with the second and third zones and once concluded the Company will announce the results of the tests.