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An announcement from NG Energy International ( (TSE:GASX) ) is now available.
NG Energy International has closed a series of transactions on the Sinú-9 Block in Colombia, leaving it with a 39% non-operating working interest alongside operator Maurel & Prom, which holds 61%, and securing a total of US$150 million in cash proceeds under revised payment terms. The joint venture plans a six-well drilling program at Sinú-9 in 2026, starting with Hechicero-1X, and NG Energy expects about US$50 million in 2026 capital expenditures including the Aruchara-5 well at Maria Conchita, supported by ongoing pipeline expansion to boost transportation capacity and position the company for higher production and cash flow. Additionally, the company has launched a normal course issuer bid to repurchase up to 10% of its public float and is proposing three new directors, including a new vice chairman and its CEO, signaling confidence in its balance sheet and governance as it enters a pivotal growth phase.
The most recent analyst rating on (TSE:GASX) stock is a Sell with a C$0.87 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 Underperform.
NG Energy International’s overall stock score is primarily impacted by its financial instability and weak technical indicators. The negative valuation metrics further contribute to a low score, reflecting significant risks for investors.
To see Spark’s full report on TSE:GASX stock, click here.
More about NG Energy International
NG Energy International is a Canadian-based natural gas company focused on exploration and production in Colombia, targeting high-quality gas assets such as the Sinú-9 Block and Maria Conchita. The company aims to supply Colombia’s under-served natural gas market, leveraging infrastructure partnerships and premium local pricing to grow production and cash flow.
Average Trading Volume: 220,797
Technical Sentiment Signal: Buy
Current Market Cap: C$301.6M
Find detailed analytics on GASX stock on TipRanks’ Stock Analysis page.