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LNG Energy Group Corp. (TSXV: LNGE,OTC:LNGNF) (TSXV: LNGE,OTC:LNGNF.WT) (OTCQB: LNGNF) (FWB: E26) (the “Company” or “LNG Energy Group”) is pleased to announce that the Colombian arm of the Company has emerged from the Proceso de Recuperación Empresarial (“PRES”), as regulated under Colombian Law 2437 of 2024, for insolvency protection, with a reorganization agreement (“Agreement”) approved by more than 70% of all credit categories, including more than 90% employee support. The Colombian branch was also admitted to the judicial validation of the agreement before the Superintendencia de Sociedades (the Superintendency of Companies) on October 23, 2025. The agreement provides for a staggered repayment schedule, starting on the date of final judicial validation, of the different credit classes over 39 quarters (final maturity around 2034), with room for accelerated payments, if possible. Admission to judicial validation of the agreement grants the Colombian branch of the company the continuity of the protection offered by the PRES.
The Company would like to announce the settlement of US$10,725,641 in outstanding debt with Lewis Energy Group (“LEG”). This obligation arose from the Share Purchase Agreement and the Sale and Purchase Agreement – Additional Assets (“APA”), entered into on August 15, 2023. The original debt totaled US$19,115,414, of which US$8,389,773 had been repaid. The outstanding balance was settled in lieu of attachment through LEG’s foreclosure of the liens and the first security secured in the APA, resulting in the transfer of the additional assets: Rig 16, Rig 22, Rig 6 and miscellaneous yellow iron equipment. The Additional Assets were valued by an external appraiser in October 2023 and included in the Company’s September 2025 trial balance at a net book value of US$7,354,416.
We expect to announce additional results from the strategic review process as LNG Energy Group continues to implement initiatives to improve liquidity position, optimize costs, reduce financial liabilities and stabilize natural gas production.
Operational update
The company’s average daily production in the third quarter and year-to-date was 9.2 mmcf/d and 11.9 mmcf/d, respectively, and realized sales prices were US$10.7 per Mcf and US$9.8 per Mcf in the third quarter and year-to-date, respectively. The productivity of some wells has declined due to various subsurface factors that were previously identified and which do not appear to have affected the original gas present. The company continues to evaluate and take action to increase value.
Stop trading order
The Failure to file multi-jurisdictional trading orders (FFTCO) is continuing and the Company is working to file the Company’s annual audited financial statements for the fiscal year ended December 31, 2024, the related management discussion and analysis, and the CEO and CFO certifications in respect of the audited financial statements, as required by National Instrument 52-109 – Certification of disclosure in annual and interim filings of issuers (collectively the ” Required documents “) for the fiscal year ending December 31, 2024. Such filings shall constitute the Company’s application to have the FFCTO revoked. There can be no assurance that the FFCTO will be revoked on the Company’s intended timeline.
About LNG Energy Group
The company focuses on the acquisition and development of natural gas production and exploration assets in Latin America. For more information please visit www.lngenergygroup.com .
For more information please contact:
Angel Roa, chief financial officer of LNG Energy Group Corp.
Website: www.lngenergygroup.com
E-mail: investor.relations@lngenergygroup.com
Find us on social media:
LinkedIn: https://www.linkedin.com/company/lng-energy-group-inc/
Instagram: @lngenergygroup
X: @LNGEnergyCorp
CAREFULLY REMARK REGARDING LOOKING FORWARD INFORMATION:
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements and are based on expectations, estimates and projections as of the date of this press release that reflect the current views and/or expectations of LNG Energy Group management with respect to performance, business and future events. Forward-looking information can often be identified by words such as “may”, “will”, “would”, “could”, “should”, “believes”, “estimates”, “projects”, “potential”, “expects”, “plans”, “intends”, “anticipates”, “targets”, “continues”, “predicts”, “designs”, “target”, or the negative of those words or other similar or similar words. Forward-looking statements are based on our then current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which LNG Energy Group operates, in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable in the circumstances and which, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors that may give rise to actual risks, uncertainties and other factors. results may differ materially from those expressed or implied in the forward-looking information. There can be no assurance that such statements will prove to be accurate, and accordingly, readers should not place undue reliance on the forward-looking statements contained in this press release. LNG Energy Group undertakes no obligation to publicly release any revisions or to update any voluntary forward-looking statements, except as required by applicable securities laws, whether as a result of new information, future events or otherwise.
This press release includes, but is not limited to, forward-looking statements regarding: the Company’s business plans, strategies, priorities and development plans, including the strategic initiatives being considered by the Company and the corporate reorganization and expected annual savings therefrom; the expected benefits from the completion of various strategic initiatives being considered by the company; the Company’s ability to record additional reserves in the future; the completion of all transactions related to the Strategic Review; receipt of all regulatory approvals, including the approval of the TSXV, in connection with the Strategic Review; the expected participation of insiders in any financings and transactions; and the expected use of proceeds from the transactions related to the Strategic Review. The actual decisions, activities, results, performance or achievements of the Company may differ materially from those expressed in or implied by such forward-looking statements and accordingly, there can be no assurance that the events anticipated in the forward-looking statements will occur or occur or, if any of them occur, what benefits the Company will derive from them to fetch.
The risks and uncertainties include, but are not limited to: the Company’s ability to complete the Strategic Review on the terms described herein or at all to access sufficient capital from internal and external sources, and/or the inability to access sufficient capital on favorable terms; the delay or inability to receive regulatory or other approvals, including any approvals from the TSXV and the Company’s senior lenders, in connection with any of the transactions contemplated herein or that may occur in the future; the expected timing for submitting the required documents; the final results of the PRES and the agreement; the enforcement of collateral by the Company’s senior lenders; the Company’s ability to obtain the required regulatory approvals to operate in Venezuela and/or the cancellation or expiration of the CPP contracts; general business, economic, competitive, political and social uncertainties; risks related to the Company’s ability to complete any of the proposed strategic initiatives described in this and other press releases on the terms described herein, or at all; risks associated with commodity prices; delay or failure to obtain necessary board, shareholder or regulatory approvals; factors may arise that hinder or prevent LNG Energy Group’s future business plans; that each of the foregoing transactions, including the JV Contribution or any transaction relating to the Strategic Review, will result in a satisfactory closing; other factors beyond the control of LNG Energy Group.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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