Page 16 - LatAmOil Week 14 2021

LatAmOil NEWS IN BRIEF LatAmOil

Tierra del Fuego Concession (TDF), La Ango- publicly traded E&P company, has qualified to
stura Concession: During Q4-2020, San Martin trade on the OTCQX® Best Market. NG Energy
oil production averaged 2,069 (net 719) bpd of International Corp. upgraded to OTCQX from
oil. Oil is now transported through the newly the Pink® market.
commissioned Company-owned San Martin oil NG Energy International Corp. begins
pipeline connecting the field to the Cruz del Sur trading today on OTCQX under the symbol
facility for storage and subsequent sale, negating “GASXF.” US investors can find current financial
the need for trucking and lowering transporta- disclosure and Real-Time Level 2 quotes for the
tion costs. company on www.otcmarkets.com.
Las Violetas Concession: Natural gas produc- “Trading on the OTCQX® Best Market is an
tion from the Las Violetas concession remained important step in providing NG Energy access
uninterrupted during the 2020 periods and dur- to a broader US investor audience and raises the
ing Q4-2020 averaged 13,395 (net 4,655) mcf per Company’s profile as it pushes towards achieving
day. Oil produced in association with natural gas production at its Maria Conchita field and com-
production is trucked to the San Martin field, mences its fully funded four well exploration
blended with San Martin oil and transported via program at its flagship Sinu 9 block this year,”
the San Martin oil pipeline to Cruz del Sur for said Serafino Iacono, CEO of NG Energy Inter-
storage and sale. During Q4-2020, oil produc- national Corp. “We would like to thank all our
tion from the Las Violetas concession averaged shareholders for their ongoing support.”
305 (net 106) bpd of oil. NG Energy International Corp. is a publicly
Cerro de Los Leones (CLL) Exploration Per- traded E&P company on a mission to provide
mit: The Company is committed to drilling one a clean and sustainable solution to Colombia’s
exploration well on the CLL exploration permit energy needs. The Company intends on exe-
before February 23, 2022 under the Period 3 cuting this mission by producing and bringing
term of the permit. gas to the premium priced Colombian gas mar-
Outlook: The Company’s capital spending ket from its concessions, SN-9, a 311,353-acre
for fiscal 2021 is budgeted at $4.1mn comprised (1,260-square km) block, which is adjacent to
of $1.6mn for ongoing improvements to facili- Canacol’s Nelson field, as well as Maria Con-
ties in TDF and $2.5mn to drill one exploration chita, a 32,518-acre (131.6-square km) block
well on the CLL exploration permit. Investment located in the region of La Guajira. NGE’s team to effect the Proposed Amendments (as defined
in TDF has been significantly reduced due to a has extensive technical expertise and a proven below).
sharp decline in capital investment in Argentina track record of building companies and creating Consideration: The consideration for the
as a consequence of the impact of the COVID-19 value in South America. Notes validly tendered (and not validly with-
virus on both Argentina and the global economy. OTC Markets Group, April 08 2021 drawn) pursuant to the Statement and accepted
Crown Point Energy is an international oil for purchase pursuant to the Tender Offer is
and gas exploration and development company GeoPark makes tender offer US$1,000 for each US$1,000 principal amount
headquartered in Calgary, Canada, Incorpo- of the Notes. Subject to the terms and conditions
rated in Canada, trading on the TSX Venture for senior notes due 2024 set forth in the Statement, the Company is also
Exchange and operating in Argentina. Crown offering to pay the Early Tender Payment (as
Point’s exploration and development activities GeoPark, an exempted company incorporated defined below) to each holder of Notes who val-
are focused in three producing basins in Argen- under the laws of Bermuda, announced today idly tenders (and does not validly withdraw) its
tina, the Austral basin in the province of Tierra that it commenced a tender offer to purchase Notes and thereby validly delivers (and does not
del Fuego, and the Neuquén and Cuyano basins for cash, up to US$255mn aggregate principal validly revoke), at or prior to 5:00 p.m., New York
in the province of Mendoza. Crown Point has amount outstanding (the Maximum Tender City time, on April 19, 2021, unless extended or
a strategy that focuses on establishing a port- Amount) of its 6.500% Senior Notes due 2024 earlier terminated (such time and date, as the
folio of producing properties, plus production (CUSIP Nos. 37255B AA7 / G38327 AA3 and same may be extended or earlier terminated, the
enhancement and exploration opportunities to ISIN Nos. US37255BAA70 / USG38327AA304) Early Tender Deadline), its consent to the pro-
provide a basis for future growth. and a solicitation of consents for proposed posed amendments to the Indenture. We refer
Crown Point Energy, March 31 2021 amendments to the related indenture. The Ten- to the Tender Offer Consideration plus the Early
der Offer and the Consent Solicitation are being Tender Payment (as defined below), including
made on the terms and subject to the conditions the Consent Payment (as defined below), as
FINANCE set forth in the Offer to Purchase and Consent the Total Consideration. We refer to the Early
Solicitation Statement dated April 6, 2021, and Tender Payment as an amount in cash equal to
OTC Markets Group related consent and letter of transmittal. The US$50 for each US$1,000 principal amount of
Tender Offer will expire at 11:59 p.m. New York Notes tendered, which includes an amount in
welcomes NG Energy City time, on May 3, 2021, unless extended or cash equal to US$2 (the Consent Payment) for
earlier terminated by the Company in its sole each US$1,000 principal amount of Notes ten-
International Corp. to OTCQX discretion, subject to applicable law. dered by such holder of Notes and accepted by
The purpose of the Tender Offer is to acquire the Company for purchase in the Tender Offer.
OTC Markets Group, operator of financial mar- outstanding Notes up to the Maximum Tender No tenders of Notes submitted after the Expira-
kets for 11,000 US and global securities, today Amount, and the purpose of the Consent Solic- tion Time will be valid.
announced NG Energy International Corp., a itation is to obtain Consents (as defined below) GeoPark, April 06 2021

P16 www. NEWSBASE .com Week 14 08•April•2021