NSG New Sage Energy Corp.

New Sage Energy Corp. (TSX VENTURE:NSG), has initiated a strategy for the
development of oil and gas projects in the US Gulf States region. The strategy
is focused on "work-over" projects in areas with known historic producing
formations and excellent existing infrastructure in Louisiana, Texas, and
Alabama.


New Sage, through its wholly-owned subsidiary New Sage Energy USA Inc., has
recently entered into an operating agreement with respect to an oil and natural
gas well being drilled by Gulf South Operators Inc. of New Orleans, Louisiana.
The well is targeted to reach a depth of 10,700 feet and is located near the
town of Thibodaux in Lafourche Parish, Louisiana. New Sage will earn a 5%
working interest in the well through the investment of US$112,000.00.


The agreement calls for the drilling of a normally pressured well structurally
updip to production from multiple sands. The target structure is confirmed by
dense subsurface control and 3D seismic data. Gulf South will serve as operator
and the proposed well targets nine objective reservoirs. The drill location is
on the down-thrown side of a listric growth fault with normal fault throw where
strong gas production characteristics have historically been encountered. Close
proximity to large faults increases the chance of good to excellent secondary
porosity and permeability enhancement within sandstone reservoirs, particularly
for those located near the targeted depth of this development well.


This investment by New Sage is the first part of a corporate strategy to secure
energy production revenue. The Company is evaluating additional similar
opportunities with Gulf South and other established operators in the prolific
energy fields of the Gulf States region of Louisiana, Texas, and Alabama with
the objective of building a production profile across a portfolio of projects.


Board of Directors has approved the granting of 1,100,000 stock options to the
Company's directors, officers and consultants, subject to regulatory and TSX
Venture Exchange approval. The options were issued with an exercise price of
$0.10 per share and have a five year term. Pursuant to applicable securities
legislation the options are subject to a four month and one day hold period.


About News Sage Energy

New Sage Energy is a Canadian oil and gas exploration company with a focus on
opportunities in South America and the US Gulf States region.


This news release contains forward-looking statements that involve risks and
uncertainties. Forward-looking statements or information are based on current
expectations, estimates and projections that involve a number of risks and
uncertainties which could cause actual results to differ materially from those
anticipated by New Sage Energy Corp. The forward-looking statements or
information contained in this news release are made as of the date hereof and
New Sage Energy Corp does not undertake any obligation to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.

Grafico Azioni New Sage Energy Corp. (TSXV:NSG)
Storico
Da Apr 2024 a Mag 2024

Grafico Azioni New Sage Energy Corp. (TSXV:NSG)
Storico
Da Mag 2023 a Mag 2024