Commodity futures news: NG ENERGY ANNOUNCES LIGHT CRUDE OIL PROSPECTIVE RESOURCES IN SINÚ 9 BLOCK, updated 2022-03-24 17:00:00. Watch for more news articles, provided throughout the day courtesy of TradingCharts
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NGE ) (TSXV: GASX) (OTC: GASXF) NGE s technical team and external consultants 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.