Lng Energy Group Corp. (TSE:LNGE) has released an update.
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LNG Energy Group Corp. reported a transformative year with the acquisition of Lewis Energy Colombia, increasing its net present value of Colombian assets by 26% and repaying $8.9 million in senior bank debt. The company also secured contracts to develop resources in Venezuela and ended the year with a slight net loss but positive adjusted EBITDAX. The strategic moves position LNG Energy Group as a key player in Colombian and Venezuelan hydrocarbon production.
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