CALGARY, AB, Feb. 10, 2025/CNW/ - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that further to its news release dated January 20, 2025, it has entered into a definitive asset purchase agreement (the "APA") with Etablissements Maurel & Prom S.A. ("Maurel & Prom" or "M&P") for the sale of a 40% operating working interest in the Sinu-9 Block ("Sinu-9") for total cash consideration of US$150 million (the "Transaction"). The transfer of the 40% operating working interest in Sinu-9 to M&P is effective as of February 1, 2025.
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NG ENERGY ANNOUNCES DEFINITIVE AGREEMENT FOR THE SALE OF A 40% WORKING INTEREST IN SINU-9 FOR US$150 MILLION
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