--News Direct--
LNG Energy Chairman and CEO Pablo Navarro joined Steve Darling from Proactive to discuss the company's latest developments and future prospects. The company marked a significant milestone in the fall of 2023 when it went public, following the acquisition of the Colombian exploration and production assets of Lewis Energy Group, the third-largest natural gas producer in Texas. This acquisition was successfully completed on August 15, 2023.
In the interview, Navarro elaborated on the company's journey and its transformation following the go-public transaction. Drawing on the legacy of Lewis Energy Colombia, which had been operating in Colombia for 17 years, LNG Energy Group is poised to grow and develop its portfolio swiftly and responsibly.
The company operates in five blocks in Colombia, with its primary producing field, Bullerengue, strategically located near easily accessible high-demand markets. One of the key highlights discussed was a recent discovery in the Bullerengue West 5 well, which yielded both natural gas and black oil. This discovery not only expands the existing field but also demonstrates the presence of oil independently, adding to the company's asset value.
Looking ahead to 2024, LNG Energy has ambitious plans, including drilling three to four wells and conducting workovers to enhance productivity and increase cash flow. The company's goal is to achieve self-sustainability by using existing cash flows to fund operations and meet financial obligations. The interview underscores the promising outlook and busy year that lies ahead for LNG Energy Group, building on its strong foundation and growth potential.
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View source version on newsdirect.com: https://newsdirect.com/news/lng-energy-ceo-pablo-navarro-reveals-exciting-discoveries-and-ambitious-plans-for-2024-215433335
