NG Energy up on natgas deal

NG Energy International

13/10/2022 18:25

** Canada-based oil and gas company NG Energy International
Corp's shares  GASX.V  rise 2.5% to 82 Canadian cents
    ** GASX reached an agreement with Plus+ Energy E.S.P. for
natural gas produced from Aruchara-1 well and coming wells at
the Maria Conchita block located in the Guajira Basin on
Colombia's Caribbean coast  urn:newsml:reuters.com:*:nCNWVblNZa
    ** GASX will acquire up to 8000 mln British Thermal Units
(MMBTU) per day on a firm volume purchase agreement
    ** Date of delivery is between January 2023 and February
2026, for three years with a set price of $6.50/MMBTU
    ** Stock now down 64.5% YTD
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))