LNG Energy Group Announces 2023 Year End Reserves Evaluation With Before Tax NPV10 Value of 2P Reserves Increasing 26% to U.S.$306 Million or C$2.67/Share

Highlights:

TORONTO, March 12, 2024 (GLOBE NEWSWIRE) -- LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FRA: E26) (the “Company” or “LNG Energy Group”) announced today announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton (“D&M”). All of the Company’s booked reserves for the year ended December 31, 2023 are located close to markets and infrastructure in northern Colombia within the Lower Magdalena and Sinú-San Jacinto basins.

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