NG Energy International Corp. announced that it has signed long-term take-or-pay contracts with Vanti S. A E.S.P ("Vanti"), Gases del Caribe S. A E.S., and Gases del Occidente S. A E.S.P ("Gases del Occidente") commencing December 1, 2023, for a duration of three years; the Company has also commenced realizing sales of natural gas at prices ranging from $7.70 per Mcf to $8.20 per Mcf from Maria Conchita. The Company expects to sign two additional offtake contracts in December.

The Company is also announced that, further to the Company's press release on November 27, 2023, production volumes at Maria Conchita have increased from an initial baseline of 14 MMcf/d to a current production rate of 16.4 MMcf/d and volumes are expected to increase as the Company continues to test Aruchara-3 at increasing choke sizes.