NG Energy International Corp. (V:GASX)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 595 Burrard St, Suite 3123 VANCOUVER BC V7X 1J1 |
| Tel: | N/A |
| Website: | https://ngenergyintl.com |
| IR: | See website |
| Key People | ||
| Federico Restrepo-Solano President, Chief Development Officer and Executive Director | Serafino Iacono Chief Executive Officer, Director | Jorge Fonseca Chaumer Chief Financial Officer | Marianella Bernal Senior Vice President - Finance and Country Manager |
| Business Overview |
| NG Energy International Corp. is a Canada-based oil and gas company. The Company provides clean and sustainable solution to Colombia's energy needs. It is engaged exploration and development activities in Colombia. The Company's portfolio consists of one appraisal and two exploration natural gas assets in Colombia. It has working interests in the Maria Conchita Block, the SN-9 Block and the Tiburon Block. The Maria Conchita is located in the Guajira Basin on Colombia's Caribbean coast. The SN-9 Block is in the Lower Magdalena Valley, 75 kilometers (km) from Colombia's Caribbean coast. The SN-9 Block, which covers an area of approximately 311,353 acres in the Department of Cordoba, Colombia. The Tiburon block is in the Upper Guajira on Colombia's Caribbean coast. The Tiburon block covers an area of approximately 245,850 acres in the Department of La Guajira, Colombia. |
| Financial Overview |
| For the three months ended 31 March 2024, NG Energy International Corp revenues increased from $1.7M to $8.6M. Net loss increased from $3.8M to $26.3M. Revenues reflect Natural gas and LNG sales increase from $2.1M to $10.2M. Higher net loss reflects Depletion and depreciation increase of 99% to $2.5M (expense), Interest expenses and bank charges increase of 76% to $1.7M (expense), Accretion of site closure increase of 68% to $633K (expense). |
| Employees: | 27 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $315.72M as of Mar 31, 2024 |
| Annual revenue (TTM): | $23.22M as of Mar 31, 2024 |
| EBITDA (TTM): | $3.99M as of Mar 31, 2024 |
| Net annual income (TTM): | -$53.80M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$23.21M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $68.97M as of Mar 31, 2024 |
| Shares outstanding: | 225,181,840 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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