Mr. Brian Paes-Braga reports

NG ENERGY ANNOUNCES ARUCHARA-5 WELL DRILLING RESULTS AT MARIA CONCHITA

NG Energy International Corp. has released the results from the drilling of the Aruchara-5 well at the Maria Conchita block (80-per-cent working interest) and subsequent work program at Maria Conchita for the remainder of 2026.

Aruchara-5 well drilling results

The Aruchara-5 well has been successfully drilled to a total depth of 9,097 feet, hitting the H1 target as designed and passing through the H2, H3, H4, H5 and H6 zones, with all zones showing positive results of gas at the surface and through wireline logs. Aruchara-5 has been completed and connected to the central processing facility (CPF) at Maria Conchita and an evaluation of well performance is under way through the CPF, with new gas volumes being sold into the Colombian marketplace.

Initial production from Aruchara-5 has delivered rates of 11 million cubic feet per day gross (8.8 million cubic feet per day net) at a wellhead pressure of 1,600 pounds per square inch across the H1 zone. The addition of Aruchara-5 has brought total field production at Maria Conchita to 18 million cubic feet per day gross (14.4 million cubic feet per day net). Combined with average gross daily production of 22.5 million cubic feet per day (8.8 million cubic feet per day net) at Sinu-9 since Hechicero-1X was brought on line, total company net production is approximately 23.2 million cubic feet per day.

The company's contracted offtake agreements at Maria Conchita cover volumes up to 15 million cubic feet per day gross, with all incremental volumes above this threshold being sold into the Colombian spot market at approximately $11.50 (U.S.) per thousand cubic feet. At Sinu-9, the company maintains contracted offtake agreements up to 25 million cubic feet per day gross, with all incremental volumes above this threshold expected to be sold into the Colombian spot market at approximately $13 (U.S.) per thousand cubic feet. Both fields benefit from a structurally premium Colombian natural gas pricing environment, with spot pricing upside expected to increase as combined company production scales through the remainder of 2026.

Maria Conchita 2026 work program

With Aruchara-5 now connected and producing, the company is advancing a comprehensive work program at Maria Conchita through the remainder of 2026, which is designed to optimize production across the field and sustain capacity growth:

• Aruchara-3 -- well intervention: A sand cleanup operation is planned to optimize and increase production rates from Aruchara-3 while also advancing the company's understanding of the H4 zone.
• Aruchara-1 -- workover: A workover is planned at Aruchara-1, incorporating sand management to restore and increase production while testing new zones.
• Aruchara-6 -- new well: Following the results of Aruchara-5, the company plans to drill Aruchara-6 as the next development well at Maria Conchita, with spudding targeted in Q3 2026.

The Maria Conchita block benefits from infrastructure supporting up to 30 million cubic feet per day gross (24 million cubic feet per day net) of processing and transportation capacity, providing the runway to monetize production growth from the continuing work program.

Brian Paes-Braga, executive chairman of NG Energy, commented: "Aruchara-5 has confirmed productive gas across all six zones from H1 through H6 and is now connected and selling into the market -- we are already seeing the commercial benefit of this program. Combined with Sinu-9 averaging 22.5 million cubic feet per day since Hechicero-1X was brought on line, total company net production has reached approximately 23.2 million cubic feet per day, with pace of growth increasing into the second half of this year as Maurel & Prom advances the six-well campaign at Sinu-9 and we execute our expanding work program at Maria Conchita. With Aruchara-6 on the horizon and a fully funded program in place through year-end, NGE has never had a more active operational program than it does today."

About NG Energy International Corp.

NG Energy International is a growth-orientated natural gas exploration and production company focused on delivering long-term shareholder and stakeholder value through the discovery, delineation and development of large-scale oil and gas fields in the Americas, supporting energy transition and economic growth. NG Energy's team has extensive technical and capital markets expertise with a proven record of building companies and creating significant value in North and South America. In Colombia, the company is executing on this mission with a rapidly growing production base and an industry-leading growth trajectory, delivering natural gas into the premium-priced Colombian marketplace with a goal of being a material supplier of clean natural gas to Colombia and a broader vision of becoming a global energy platform business and providing prosperity for all stakeholders. Over the past three years, the company has successfully raised and deployed over $200-million (U.S.) in debt and equity, monetized 40 per cent of one of its assets for $150-million (U.S.) in cash and has partnered in the construction and commissioning of three gathering, processing and treatment facilities and associated pipelines with significant capital contributions from insiders who currently own approximately 32 per cent of the company.

We seek Safe Harbor.