NG Energy International (TSE:GASX) has released an update.
NG Energy International is set to expedite its Sinu-9 project development to tackle an impending domestic gas shortage in Colombia, with plans to increase its infrastructure capacity by 76 MMcf/d. The company is embarking on a 9-well drilling program and has secured up to C$30 million through a brokered private placement, indicating strong support from Canadian and international investors.
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