CALGARY, AB, July 3, 2025 /CNW/ - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that the Company and Etablissements Maurel & Prom S.A. ("Maurel & Prom" or "M&P"), have agreed to acquire a collective 28% working interest (the "Minority Interests") in Sinu-9 from the Company's minority partners at the block (the "Minority Partners"). Upon completion of the acquisition of the Minority Interests from the Minority Partners, as well as completion of the sale to M&P of a 40% working interest in Sinu-9, as announced in the Company's February 10, 2025, news release (the "M&P Transaction"), NGE will hold a 39% working interest in Sinu-9, while M&P will hold a 61% working interest and assume operatorship of the block.
Read more at newswire.ca
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.
NG ENERGY ANNOUNCES ACQUISITION OF MINORITY INTERESTS AT SINU-9
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
