NG Energy International Corp. in the development of the Sinu-9 E&P Contract and under the agreements with CleanEnergy Resources announced that, further to the July 21st news release, the first well of the exploration program in the Sinu-9 block has conducted two successful Drillstem Tests (DSTs) and a comingled test within three prospective zones in the Magico-1x well. The well is in the Sinu-9 block in the department of Cordoba.
The Companies report the following results from the two tests: DST-1 (3,694' – 3,724' MD of a net Pay of 40'). Based on the results of these tests, the Companies decided to complete the well with a 3 ½" tubing size and test across all three zones on a comingled completion. The results of this test are as follows: Comingled Test (3,572' – 3,582' MD, 3,632' – 3,640' MD, 3,694' – 3,724' MD of a Net Pay of 76'). Based on these results the Companies concluded the following: the well tested over 15 MMSCD of dry gas with no water on a comingled production completion from the three zones of the Cienaga de Oro (CDO) sandstone formation between 3,572' and 3,724' MD (Measured Depth) with a combined net pay of 76'. Other identified prospective zones will be tested in the future. Once all analysis has been completed, the Companies, during the next months, will continue with the spudding of the Brujo exploration well in the same block. This well has already received approval from the ANH.