NG Energy Sells 40% Working Interest in Sinu-9 for US$150 Million-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
Comment
Favorite

NG Energy Sells 40% Working Interest in Sinu-9 for US$150 Million

MT Newswires02-10

NG Energy International (GASX.V), which jumped 5.7% last Friday, on Monday agreed to sell a 40% operating working interest in the Sinu-9 Block to Etablissements Maurel & Prom for US$150 million.

"Both NGE's and Maurel & Prom's technical and operational teams have already been working closely together and will continue to from this day forward, which was a critical part of this partnership. Working closely with the Maurel & Prom team recently has made it ever more clear to me that this partnership will urgently, and sustainably, bear fruit for all stakeholders as we unlock this giant oil and gas concession for all Colombians. We look forward to informing shareholders of our updated 2025 work program shortly," said NG Energy Brian Chief Executive Paes-Braga.

The company will receive US$20 million as an initial payment and US$130 million upon completion of the deal.

M&P has the right to buy an additional 5% interest in Sinu-9 for 12 months following the completion of the deal, which is expected by Dec. 31.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment

empty

No comments yet

抱歉，当前请求异常(-1)

7x24

06:52
Masdar - Completes Acquisition of Valle Solar
06:49
Shradha AI Technologies Ltd - Approves Sale of 15000 Equity Shares of National Stock Exchange of India
06:46
Dic Corp Spokesperson: Shareholders Voted Down Oasis's Proposal at AGM
06:46
Eqs-News: Marinomed Focuses on Growth After Successful Restructuring
06:46
Renk Group Ag : Kepler Cheuvreux Cuts to Hold From Buy; Raises Target Price to EUR 50 From EUR 31

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2510861313?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-02-10 22:34","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2510861313","market":"us","top_or_hot":-1,"title":"NG Energy Sells 40% Working Interest in Sinu-9 for US$150 Million","media":"MT Newswires","content":"<html><body><p>NG Energy International (GASX.V), which jumped 5.7% last Friday, on Monday agreed to sell a 40% operating working interest in the Sinu-9 Block to Etablissements Maurel &amp; Prom for US$150 million.\n<br/>\n<br/> \"Both NGE's and Maurel &amp; Prom's technical and operational teams have already been working closely together and will continue to from this day forward, which was a critical part of this partnership. Working closely with the Maurel &amp; Prom team recently has made it ever more clear to me that this partnership will urgently, and sustainably, bear fruit for all stakeholders as we unlock this giant oil and gas concession for all Colombians. We look forward to informing shareholders of our updated 2025 work program shortly,\" said NG Energy Brian Chief Executive Paes-Braga.\n<br/>\n<br/> The company will receive US$20 million as an initial payment and US$130 million upon completion of the deal.\n<br/>\n<br/> M&amp;P has the right to buy an additional 5% interest in Sinu-9 for 12 months following the completion of the deal, which is expected by Dec. 31.\n<br/>\n<br/>\n<br/>\n<br/>\n<br/>\n<br/>\n<br/></p></body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NG Energy Sells 40% Working Interest in Sinu-9 for US$150 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNG Energy Sells 40% Working Interest in Sinu-9 for US$150 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-10 22:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ng-energy-sells-40-working-143444633.html><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NG Energy International (GASX.V), which jumped 5.7% last Friday, on Monday agreed to sell a 40% operating working interest in the Sinu-9 Block to Etablissements Maurel & Prom for US$150 million.\n\n \"...</p>\n\n<a href=\"https://finance.yahoo.com/news/ng-energy-sells-40-working-143444633.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EBLMY","symbol_name":"ETABLISSEMENTS MAUREL ET PROM","start_time":0,"source_url":"https://finance.yahoo.com/news/ng-energy-sells-40-working-143444633.html","article_id":"2510861313","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510861313","pubTimestamp":1739198084,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"NG Energy International , which jumped 5.7% last Friday, on Monday agreed to sell a 40% operating working interest in the Sinu-9 Block to Etablissements Maurel & Prom for US$150 million.\"Both NGE's and Maurel & Prom's technical and operational teams have already been working closely together and will continue to from this day forward, which was a critical part of this partnership. Working closely with the Maurel & Prom team recently has made it ever more clear to me that this partnership will urgently, and sustainably, bear fruit for all stakeholders as we unlock this giant oil and gas concession for all Colombians. We look forward to informing shareholders of our updated 2025 work program shortly,\" said NG Energy Brian Chief Executive Paes-Braga.The company will receive US$20 million as an initial payment and US$130 million upon completion of the deal.M&P has the right to buy an additional 5% interest in Sinu-9 for 12 months following the completion of the deal, which is expected by D","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EBLMY":"ETABLISSEMENTS MAUREL ET PROM","BK4017":"黄金","NG":"NovaGold Resources Inc","BK4213":"石油与天然气的勘探与生产"},"translate_title":"NG Energy以1.5亿美元出售SINU-9 40%的工作权益","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EBLMY":0.9,"NG":1},"content_text":"NG Energy International (GASX.V), which jumped 5.7% last Friday, on Monday agreed to sell a 40% operating working interest in the Sinu-9 Block to Etablissements Maurel & Prom for US$150 million.\n\n \"Both NGE's and Maurel & Prom's technical and operational teams have already been working closely together and will continue to from this day forward, which was a critical part of this partnership. Working closely with the Maurel & Prom team recently has made it ever more clear to me that this partnership will urgently, and sustainably, bear fruit for all stakeholders as we unlock this giant oil and gas concession for all Colombians. We look forward to informing shareholders of our updated 2025 work program shortly,\" said NG Energy Brian Chief Executive Paes-Braga.\n\n The company will receive US$20 million as an initial payment and US$130 million upon completion of the deal.\n\n M&P has the right to buy an additional 5% interest in Sinu-9 for 12 months following the completion of the deal, which is expected by Dec. 31.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}