NG Energy tests up to 13.0 MMSCFD at Aruchara-3 in the H1 zone

NG Energy International release

TORONTO, ON, September 5, 2023 – NG Energy International Corp. (“NGE” or the “Company”) (TSXV: GASX) (OTCQX: GASXF) is pleased to provide Drill Stem Test (DST) results over a 21-hour period confirming the presence of natural gas at Aruchara-3.

DST-1

DST-1 was conducted in the Jimol Inferior Formation between 8379 and 8470 feet MD. After creating the required draw-down of 700 psi for the estimated initial reservoir pressure of 3550 psi by using water and nitrogen, the well was tested as follows:

Duration	Choke Size	Avg. Gas Flow Rate	Water Flow Rate	Avg. Tubing Pressure
(hours)	(inches)	(MMscf/d)	(bbl/d)	(psig)
6	64/64	10.6	0	1,500
6	32/64	6.5	0	2,250
6	48/64	11.5	0	1,440
3	64/64	13.0	0	1,200
6	128/64	TBD	0	TBD

The Company is currently testing the flow rate with 128/64” choke.  The Company perforated 42 feet in H1 (DST-1), and will perforate 30 feet in H2 (DST-2), 125 feet in H3 (DST-3), and 127 feet in H4 (DST-4).  A further update will be provided with final DST results in the coming weeks.

Serafino Iacono, Chief Executive Officer of NGE, commented: “We are very pleased with the DST results from the H1 Zone at Aruchara-3 and are working diligently to continue testing the well in the H2, H3 and H4 zones which include the 570 feet of net gas pay in a new area. With the strong results from H1 and a very large area still to be tested, it is anticipated that the Aruchara-3 well will allow the Company to reach pipeline capacity.”