NG Energy International Corp. recently finalized a study to evaluate the formations in the Maria Conchita field as a whole. This study is based on the results obtained from the re-entry of Archura-1. The geophysics and petrophysics reinterpretation of the area was focused to determine the resources associated with the different prospective areas that existed and the new areas of the field, with the objective of establishing new locations to be drilled to develop the field and the feasibility of re-entering the existing wells, mainly Istanbul-1, which was drilled in 2018, and Tinka 1, drilled in 1988 and which tested up to 3 MMSCFD. The studies performed in identifying new zones of possible accumulations in the limestone of the Tinka area and the sandstones of the Istanbul-1, Aruchara-1 and Tinka 1 area, led to the determination, according to the management estimates, that new prospective resources might exist based on a P50 level could reach a global total of 200 BCF, including the current certified reserves value (34,6 BCF). This study has identified five new possible locations to be drilled for the field development and the benefits to re-enter Istanbul-1 and Tinka 1. Based on the study and the evaluation of the formation around the Istanbul-1 well the Company has determined to re-enter it as the second well to be rehabilitated on the Maria Conchita Block beginning in the second week of February, previous process with national authorities. After recently completing a re-entry of the Aruchara-1 well to repair a gas leak, DST (Drill Stem Test) results provided important information on the resources for the potential production of gas. Istanbul-1 Analysis: The petrophysical and the geological study of Istanbul-1 reached the following conclusions: Identification, according to the new petrophysics interpretation and the well information, the interval at 8396'-8415', with good petrophysical properties of porosity and low water saturation. Additionally, the chromatography information from the mudlogging record indicated a good presence of gases in the interval. This same interval, according to the seismic and geological study, is a new reservoir, with the possibility of providing a good production flow for the field and being able to be a target in the next wells to be drilled in the Block. Another conclusion was that the interval at 8396'-8415' was not properly tested and has good prospects for providing good gas production potential. The production potential for Istanbul-1 is estimated to be between 3 and 5 MMSCFD.