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NG Energy International ( (TSE:GASX) ) just unveiled an announcement.
NG Energy International Corp. has provided an operational update on its activities at the Sinu-9 and Maria Conchita sites. At Sinu-9, the company is currently producing over 12 MMcf/d of natural gas, with plans to increase this to a minimum of 15 MMcf/d by early July 2025. The company is also expanding its processing and compression capacity to 45-50 MMcf/d by Q3 2025 and constructing a twin pipeline to increase transportation capacity to 60 MMcf/d by Q1 2026. At Maria Conchita, the company is set to commence drilling the Aruchara-4 well in July 2025, aiming to boost production capacity to 28 MMcf/d by September 2025. Additionally, NG Energy plans to extend the expiry date of its outstanding warrants to November 30, 2027.
The most recent analyst rating on (TSE:GASX) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on NG Energy International stock, see the TSE:GASX Stock Forecast page.
Spark’s Take on TSE:GASX Stock
According to Spark, TipRanks’ AI Analyst, TSE:GASX is a Neutral.
The overall score is driven by challenges in financial performance and valuation, offset by positive corporate developments. Significant revenue growth and strategic partnerships are strengths, but profitability and cash flow issues weigh heavily on the score.
To see Spark’s full report on TSE:GASX stock, click here.
More about NG Energy International
NG Energy International Corp. is a growth-oriented natural gas exploration and production company focused on delivering long-term shareholder and stakeholder value through the discovery, delineation, and development of large-scale natural gas fields in the Americas, supporting energy transition and economic growth.
Average Trading Volume: 125,172
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$237.5M
See more insights into GASX stock on TipRanks’ Stock Analysis page.