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NG Energy International ( (TSE:GASX) ) has shared an announcement.
NG Energy International Corp. has finalized an agreement to sell a 40% operating working interest in the Sinu-9 Block to Maurel & Prom for $150 million, reducing its stake to 32%. This transaction is expected to enhance collaboration between the two companies and accelerate the development of the Sinu-9 Block, which holds substantial natural gas reserves, potentially benefiting Colombian stakeholders and shareholders.
More about NG Energy International
NG Energy International Corp. operates in the energy sector, focusing on the exploration, development, and production of natural gas. The company’s primary market is in Colombia, where it manages significant natural gas reserves and resources.
YTD Price Performance: -1.77%
Average Trading Volume: 297,848
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$283.1M
For a thorough assessment of GASX stock, go to TipRanks’ Stock Analysis page.
