NG Energy, the publicly traded exploration and production company based in South America, announced today its common shares are now trading at the OTCQX Best Market, under its ticker symbol GASXF.
Firstly, the company just upgraded its common share trading up to OTCQX from the Pink Market. Indeed, upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors.
Secondly, for companies listed for a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S.
Consequently, by NG Energy upgrading the company would be in a position to leverage a much broader market; and to appeal to U.S.-based investors.
In fact, to qualify for OTCQX, companies must meet high financial standards; follow best practice corporate governance and demonstrate compliance with applicable securities laws.
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NG Energy appealing a broader audience of investors, U.S. on the sight
Moreover, Serafino Iacono, CEO of NG Energy, said. “Trading on the OTCQX® Best Market is an important step; especially in providing NG Energy access to a broader US investor audience and raises the Company’s profile further.”
He also remarked. “As NGE pushes towards achieving production at its Maria Conchita field, entering to OTCQX is a vital step. Particularly as NG Energy commences its fully funded four well exploration program at its flagship Sinu 9 block this year.”
In addition, the company pretends to execute this task by producing and bringing gas to the premium priced Colombian gas market. It would do so from its concessions, SN-9, a 311,353 acres block which is adjacent to Canacol Nelson’s field, in Colombia.
On the other hand, the Maria Conchita block is a 32,518 acres block located in the region of La Guajira. Finally, NGE’s team has extensive technical expertise and a proven track record of building companies and creating value in South America.
