Die Zahlen sind da.
Es wurden wieder wichtige Schritte erreicht jedoch geht die Expansion weiter was auch weiterhin viel Geld kosten wird.
Produktion und die Einnahmen stark erhöht. Brauchen weiter Geduld hier plus das Sentiment für diese Firmen ist aktuell sehr schlecht.
NG ENERGY ANNOUNCES FILING OF Q3 FINANCIAL RESULTS
CALGARY, AB, Nov. 26, 2024 /CNW/ - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that it has filed its financial results for the three and nine months ended September 30, 2024. The Company's consolidated financial statements and management's discussion and analysis for the three and nine months ended September 30, 2024 are available on the Company's website (www.ngenergyintl.com) and profile on SEDAR+ (www.sedarplus.ca).
NG Energy International Corp. Logo (CNW Group/NG Energy International Corp.)
Financial Highlights:
Quarterly revenue of US$9.1 million versus US$2.5 million in Q3 2023, a 270% increase YoY, and YTD revenue of US$29.5 million;
Quarterly cash flow from operations of US$6.3 million versus US$(1.1) million in Q3 2023, and YTD cash flow from operations of US$16.2 million;
Quarterly funds flow from operations ("FFO") of US$3.7 million versus US$(1.8) million in Q3 2023, and YTD FFO of US$13.7 million;
Record realized average natural gas pricing during the quarter of US$8.07/Mcf;
Operating netback of US$5.45/Mcf versus US$1.92/Mcf in Q3 2023; and
Average gross production of 15.0 MMcf/d (12.0 MMcf/d net).
Operational Highlights:
Successful completion of the Brujo-1x well in 3 zones;
Successful completion of the construction of the Phase 1 28.3-kilometre pipeline connecting the Sinu-9 Block to Promigas' national pipeline transportation network at the Jobo Station;
Began commissioning of the pipeline to between 1,100 – 1,400 PSI, which has subsequently been completed;
Began commissioning of the early production phase of the Central Processing Facility 1 (CPF-1), which has subsequently been completed; and
Signed a Memorandum of Understanding (the "MOU") with infrastructure partner, INFRAES, for the completion of up to an additional 76 MMcf/d of pipeline capacity from the Sinu-9 Block, which is anticipated to be completed over the course of 15 months and constructed in two stages, following the execution of a definitive agreement. The MOU will accelerate the Sinu-9 Block development plan, which will help address Colombia's domestic natural gas supply shortage.
Corporate Highlights:
Appointment of Mr. Don Sewell as President;
Appointment of Mr. Leonardo Chavez as Vice President of Operations; and
Successfully completed a C$30 million equity financing, which welcomed several premier institutions as shareholders, as well as greater commitments from existing strategic partners and insiders. The net proceeds will be used to accelerate the next phase of the Company's growth.