NG Energy International (GASX) investor relations material

Strategic positioning and market opportunity

• Focused on high-growth oil and gas production and exploration in Colombia, leveraging world-class reservoir characteristics and premium local gas prices significantly above US benchmarks.

• Current assets include Sinu-9 (39% WI) and Maria Conchita (80% WI), both with active multi-well drilling programs and substantial upside from reserve conversions and regional expansion.

• Colombia's persistent supply deficit and structurally tight gas market support premium pricing and low volatility, creating a favorable environment for growth.

• Upside potential includes oil prospects at Sinu-9, exploration at Tiburon, and expansion into adjacent regions.

• Management and insiders hold 33% ownership, aligning interests with shareholders and supported by a premier operating partner.

Asset performance and reserves

• Sinu-9: 1P reserves of 18.7 Bcf, 2P of 70.7 Bcf, and 3P of 153.6 Bcf, with August 2026 gross production at 27.7 MMcf/d (net 10.8 MMcf/d).

• Maria Conchita: 1P reserves of 45.8 Bcf, 2P of 61.6 Bcf, and 3P of 72.0 Bcf, with August 2026 gross production at 16.7 MMcf/d (net 13.3 MMcf/d).

• Both assets benefit from robust reservoir characteristics, with initial production rates 3-4x higher than comparable Canadian wells.

• Gross contracted volumes at premium prices, with spot price upside, and ongoing infrastructure expansion to support higher production.

• Fully funded 2026 development program with net capex estimates of US $40M for Sinu-9 and US $25M for Maria Conchita.

Financials and capitalization

• As of August 31, 2026: share price C$1.40, 296.3M basic shares, fully diluted market cap C$563M (US$402M), and adjusted net cash C$40M (US$29M).

• Proforma enterprise value of C$435M (US$311M), with significant warrant and option funding potential.

• Net operating funds flow highly sensitive to realized gas prices, with strong cash flow growth projected as production ramps up.

• 83% of warrants held by insiders, close associates, and Macquarie Group, reinforcing alignment.