 How's everybody doing today? I'm your host Rich here on behalf of Rich TV Live with our very special guest, the CEO of NG Energy International, symbol on the Toronto Stock Venture Exchange, GASX and on the OTCQX GASXF, Serifino Ayacono. How are you doing today Serifino? Doing well. Thanks for inviting us. Always a pleasure. Thank you for joining us on the show today. Very excited about learning more about your company, especially as natural gas right now and oil is absolutely on fire, one of the hottest sectors in the world right now. So my first question for you is, NG Energy International Corporation is a natural gas EMP company committed to providing a clean and sustainable solution to Columbia's energy needs. Can you tell us a bit more about your company and your projects in Columbia? Sure. NG is a company that was formed after I left another major company in Columbia that was one of the most successful oil company. I think in Latin America in the last 20 years, Pacific Rubiala Energy was a company that I formed in 2006 with a market cap of 35 million dollars and when I left the company, the company had a 7 billion dollar market cap. It was a big monster. It was a company that went from 35 cents a share to as high as $29 a share. Produced from 10,000 barrels a day to 350,000 barrels a day, still around. It's called frontera energy and it produces and now what we produce because they lost one of their concessions. But how do we come about? Columbia is a very particular place in the world. Natural gas is a fantastic thing. It's the cleanest right now energy that you can have in the market. Everybody's talking about solar. Everybody's talking about wind. But at the end of the day, the efficiency of these energies are going to be limited by the wind or by the sun and the hours of the sun. The reality is that for the next 20, 30 years, what is coming about unless other technology like nuclear are going to come around, it's going to be natural gas. So natural gas got one defect, which is transportation. Transportation makes the project and makes it very expensive. Now, Columbia has a blessing that it's got very high gas potential in the market, number one. But number two, because it is a country of 50 million people in a country that economically is growing very well. Natural gas prices have always been double what they were in the US. So Harry Hub, the way you calculate gas in Columbia, it's Harry Hub plus 100%. So to us, it wasn't natural to be in there. I formed NG Energy with a group of people, very well-known people in Vancouver. We are a group of people that we put our money where our mouth is. We financed this project, we de-risk them. We put our own capital from the beginning into the sting. This was a company that when we formed it, we financed it with about a hundred million dollars of our money. Three or four investors. We went into Argentina. We went into Columbia. Argentina didn't work out because of social economic reasons. So we stuck ourselves in Columbia because why Columbia? Number one, prices of gas were high. Number two, the need of natural gas in Columbia is growing every single day and the production is going down. So we took advantage of a very interesting time when oil went down to $27. Everybody thought that the world was over. Everybody was talking about green energy. We're not going to use oil. We're not going to use natural gas, which is at the end of the day, it's a farce. Reality is we're going to be using oil and natural gas for many, many, many years. Regardless of what people say. So I started looking at oil as that it was still too far away from where I wanted to be, but natural gas at the time was selling at about $4 per million BTUs when the U.S. was $2. I took advantage of a moment where all the major companies were regrouping. And if it was the Turkish national oil company that was one of the companies that we bought our assets from, one of our assets, or the real big Mexican group that own assets in Columbia, and they had paid hundreds of millions of dollars, they were selling these assets of fire sale prices. We bought Sinu 9, that is, which is one of our main fields with 1.7 TCFs of gas. That's 1.7 trillion cubic feet of gas. It's massive. And from the Turkish national oil company, we bought the second field that we bought it. They were selling it four years before for $100 million. We bought it for six and on the Sinu 9, we bought it for $7 million. That was worth about $150 million at the time. What did I have in particular these two concessions? They drilled, they have production, they just need development, and they need money to improve it. And to us, that's a perfect situation. And what we have in our hands right now in Columbia, we have a project that is being developed where in the next 60 days it's going to go into production. And it's going to be a project that's going to be, this is the smallest one, it's called Maria Conchita. Maria Conchita is going to be producing to start 15 million cubic feet of gas a day net in economic terms, which is the most important thing. What does it mean? It means about $80,000 a day in net before tax for us as a company. Where are we going with that field? We're going to go to a situation where we're going to be growing in the next few years and the optimum number of producing barrels of equivalent barrels of oil is somewhere around 10,000 barrels of oil equivalent. So about 70 million cubic feet of gas. What does that mean? It means that you're going to go to about $350,000 a day in revenues multiplied by 350 days a year in production. And that gives you what this thing, low cost and investment, very high profitable from the first day, infrastructure in place. And the most important thing out of Maria Conchita, buyers that are willing to buy with long-term contracts. And we've been very lucky when we started doing the project. We did all of our calculation in our numbers that you're going to see that you see and your people can look at them more carefully on their own. Their calculator are $5 per million BTUs. $5 per million BTUs is what is the reference of cubic feet of gas that you sell on a daily basis. So $5 multiplied by 15 million, that's what gives you the $35,000 more or less in revenues. A little more net. So that's impressive. Sorry, I wanted to ask you a question about Columbia furthermore. There's currently a significant natural gas supply and demand gap in Columbia and demand for fossil fuel is expanding 3% annually. Can you talk a little bit about the state of the LNG market in Columbia and the opportunity it offers NG energy? I know you touched on it a little bit. Well, you see what's happening is that Columbia, Columbia right now produces a million cubic feet of gas a day. Wow. And a billion cubic feet of gas a day is the consumption. By by 2000 and 22 consumption goes to 1.6 billion cubic feet of gas a day and production is going down to 700 million. So there is a huge gap of things. That's why in the last month and a half natural gas prices in Columbia have gone from $5 to $7.50 per million BTUs. Oh my goodness. That's incredible growth. But now there is there is the most important thing, which is what you touched. LNG production in the world is basically in our part of the world comes from Trinidad Tobago, which is in a decline production of natural gas off from the U.S. What has happened is that natural gas that is coming to Columbia and Columbia built that gasification project to import gas. Natural gas that comes from the U.S. or from Trinidad, when it reaches Columbia, it sells right now at $13 between $11 and $13 per million BTUs, because it's imported. You have to put cost of the gas, 750, transportation, gasification, liquefaction, all the things that you have to do to bring it and then gasify it again and distribute it. So it's about $11 to $13 versus $7.50 for the gas that is in the country, because we don't have to go to those prices. So everybody's going for our gas. And this is going to be the future for everybody. Look at the prices worldwide that is rich. Yesterday, Japan reached $33 per million BTUs for gas. The United States is $7.75 today per million BTUs. Europe, it's $14 per million BTUs. Why? Because everybody made the biggest mistake in the world. We want to be electric by 2030, and by 2030 is tomorrow. And 2030 means you've got to build infrastructure, which means that all these metals have gone up. That's why copper is up. That's why zinc is up. That's why everything. But the most important thing is the cleanest energy that you're going to be providing in the market in the future, in the next 30 years, it's natural gas. It's the least of all evil. So Columbia understands that. Absolutely. Now the company was just granted an environmental license for its flagship Sinu9 project and commenced the exploration program. Can you tell us a little bit more about that? Sure. Look, I'm going to make it as simple as possible. Sinu9 has $7 billion worth of natural gas in place, $7 billion. We're going to be producing the first well that we're going to be drilling. It's going to be the next 45 days. Our expectation of the well, it's 45 million cubic feet a day, which is about $100,000 a day per well on natural gas that we're going to be producing. So we're going to be doing in the next 12 months, we're going to be doing six wells. So you can look at the six wells, what it's going to be giving you. This thing will reach potentially hitting the wells. And there is a great company that you can compare to us, which is our next door neighbor. It's called Canakol Energy. Canakol Energy produces 200 million cubic feet of gas a day. Last year, EBITDA was $350 million, with $200 million cubic feet of gas a day. They gave $76 million in dividends to shareholders, which is what we're going to do as a company. Our job is to pay dividends. And when you compare them, they're a great company, five years in the making. We are two years away from being that company. In two years, we're going to be producing not only 200 million out of scene or nine, but we're going to be producing 70 million more out of Maria Conchita. So we're going to be producing 270 million cubic feet of a day, with an all-in cost of $1.50 per million BTUs. And at these numbers, a profit before taxes of $5.50 to $6 per million BTUs. The difference with our company is that our debt is zero. We got zero debt. We have probably one of the lowest GNA. We run this company, Lean and Mead. I'm a CEO of the company. I don't make a salary. I'm the largest one. I'm the myself, Frank Giustra, that is one of my great friends, is we are the two largest shareholder in this company. Between him and I, we have 40% of the company. Our shares are locked and tied up for the next three years. Nobody sells. We believe that we have one of the most incredible projects in our hands. We have financed this project for the last four years, and we believe that we're sitting on something. If you look at the difference where we are right now, we're a company with a hundred million dollar market cap. Tannacles got a $700 million market cap right now. So two years from now, we're going to be that company with huge reserves, and our GNA per year right now, it's a million dollar a year. We run this company with six people. Wow. I absolutely love it. That's music to our ears. No debt, huge revenue growth, and thank Giustra is a legend in mining. He's like the gold giant legend. Like he went and took on Michael Saylor, the gold versus Bitcoin debate. I'm a huge fan of Frank. That is an amazing, an amazing partnership. I got goosebumps right now. I have another question for you. So NG Energy also recently provided an update which you touched on, on the construction progress of the production facilities of Maria Conchita. Can you tell us a little bit about that? I'm sorry, I lost you for a second. I apologize. I couldn't hear you. That's why I moved. No worries. NG Energy also recently provided an update on the construction progress of the production facilities of Maria Conchita. Can you tell us a little bit about that? Yeah. Look, we decided to do a smart situation because of tax advantages that we could have. We raised the money to build the infrastructure separately from our company. So we raised about $15 million between friends and family. We built the infrastructure in record time. It's going to be ready in about a month and a half. We did a 14 kilometer pipeline and we did a facility that's going to be providing natural gas for our clients at a rate of about $15 million cubic feet a day at a cost of what I told you of $1.50. But the biggest thing that we have is we don't have any consequences. As a company, we're having liabilities for distribution. We can deduct all of our expenses. This thing has expenses instead of amortizing it in five years. This project's lost 20, 25 years, so I can deduct all of this. So it's more advantageous for us. So it's a project that puts us in the market right away. We are the only company that right now is building natural gas in Colombia. Outside of Canacola and outside of the national oil company that is a monster. National oil company. It's a $40 billion company. So we are a company that really is going to contribute to the growth. I live and work out of Colombia. My family lives in Colombia. To us, it's important strategic to be independent of having imported gas. So these facilities will make our life easier and it will bring our cost down for delivering natural gas and it gives us a segment in a market that right now has such a need and such a growth. I was telling you before we started the interview that about a year ago, if you look at some of my interviews of about a year ago, natural gas was trading at $4.20 per million BTUs in Colombia and $2 in the US. And I went to an analyst and I said, I'm telling you right now, a year and a half from now, natural gas is going to be at the same prices that it was in 2006, which was in the US $7 per million BTUs. And he said, impossible. It will never be there because there is too much natural gas in the world. That was his last word. And I said, that's what you think. I'm telling you what I think. Today, natural gas in the US reached $7.50 and in some parts of the US because of transportation, last week, it went as high for delivery as $35 per million BTUs in the US. Incredible. Yeah, you're bang on. You guys obviously are experts in your field. Now, the energy team, I want to talk about your team. The energy team recently announced the appointment of two new directors in the company. Can you tell us a little bit about your key members and what the unique skills are that they bring to the table? Well, the last two directors that we brought in, one of them brings discipline to the company and it brings for us to compliance and all the things that we have to do as a company, which was one of the top people in one of the biggest audit firms in the US, sorry, in the world and working out of Vancouver. The second guy, very important not to say that the other one is not important because it's very important. The second guy is a gentleman that I've known for the last 40 years, Umberto Calderón Verte. He's a legend. If there is a legend in the world, he was president of Pedevesa in Venezuela. When Venezuela was producing five million barrels of oil a day, it was president three times of Pedevesa. It was a minister of, minister of mines in Venezuela twice and it was president of Obolpec twice. So this is, this is a monster is a guy that sits on the board of three of the major oil companies in the world. He's an advisor to Mubadela. He's an advisor to some of the biggest oil companies in the world, including Repsol. So he joined the board because again, he believes that we are, we just hit a cycle, that it's going to be a very important cycle. You know, we are a little company right now, if you want to call it a little junior company, but as I said to you in the beginning of our history, our history is to create big companies. Our companies, Frank, myself, our group have always taken little companies and made them into big companies. This is just the beginning for us to build a business in probably the most important commodity that you're going to have in the next 10 to 15 years of transition that are going to come in the world, which is natural gas. Are there any upcoming catalysts that investors should be watching out for for energy in the next several months? I know you talked about a lot. Is there anything specific that investor should be looking for? Well, there is three events that are going to come in the next 90 days. Wow. And they come very, very close to one another. Number one, we talked about the infrastructure. The infrastructure is going to be built. So the company is going to be delivering gas to their clients, which means that the company starts cash flowing, very serious cash flow. We believe that with the new prices of natural gas, the company should be doing just out of Maria Conchita somewhere around $35 to $50 million in EBITDA, just out of that. Incredible. That's incredible. And this is starting in the next three to four months of the latest. Sino 9 is the biggest catalyst. We're building infrastructure right now. We're building the pad. The drilling rig is traveling as we speak. It's going to be ready in 45 days. In 45 days, we drill our first well, which is going to go into production probably four to five months later, simply because we have to build the pipe to connect and the same infrastructure to connect it to the main pipeline. So the drilling, this is going to happen. Drilling and discovery, if you want to call it discovery, but it's development. In Sino 9, it's going to be in the next 90 days. In the next 90 days, there's going to be the development of the delivery of the natural gas in Maria Conchita and the cash, the immediate cash flow. And the other events is going to be in the next 12 months where we're going to be drilling eight additional wells. Wow. That's incredible. We can't wait. Super excited to watch this company evolve. I know our shareholders are going to be all over it. GASX is the symbol on the Toronto Stock Venture Exchange. GASXF is the symbol on the OTCQX highest tier exchange in America for the investors that want to get involved. What is the best way for them to get in contact with you, Serafino? The best way on our website, you have all the people to contact and my emails are over there. My phone numbers are there. We are guys that answer the phone of our investors, no matter how big or small they are. I can chat with anybody. My phone number, I can give it to you, 416-804-4570. It's open to anybody that wants to chat and wants to understand. Fantastic. Well, thank you so much for your time today. And I must remind everyone that Rich TV Live is strictly for information and education purposes. Please do your due diligence, do your research, consult a financial advisor before you invest in anything that we talk about or discuss on our show. Now, in saying that, based on the information I have today that I've gotten from Serafino, this is a company that is underexposed, undervalued, underappreciated. Put it on your watch list. Put it on your radar. I think it has a chance to be a home run for our community. Thank you so much for your time today. The CEO of NG Energy International, Serafino Ayacono. Thank you for your time today, Serafino. Thank you very much for your time and looking forward to talking to you again. Yes, I would love that. Thank you so much. Love to invite you back on the show anytime we have big breaking news, anything you want to discuss, anything you want to talk about, I would love to get our community really well-versed on this company. We don't have too many natural gas companies that we talk about or we invest in. This is probably the first that I can think of, of this size. I'm really excited to let our community know about your company and to talk to our members about this pick specifically. Thank you guys for watching. If you're not winning, you're probably not watching. We bring you the winners and we bring them to you first. Thank you for watching everybody and have a nice day.