Eight Capital Initiates Coverage on LNG Energy Group

TORONTO, March 13, 2024 (GLOBE NEWSWIRE) -- LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FRA: E26) (the “Company” or “LNG Energy Group”), today that Christopher True, Equity Research Analyst at Eight Capital, has initiated analyst coverage on the Company. Eight Capital’s initial research report and any future reports may be obtained directly from Eight Capital.

“The Company has meaningful growth opportunities and generates FCF with risk that is limited to the company’s operational execution,” said Mr. True. “It receives stable gas pricing in a market that has long-term bullish fundamental, which also drives the high netback business model.”

For more information, Christopher True can be contacted at ctrue@viiicapital.com. Please note that any opinions, estimates or forecasts regarding the performance of LNG Energy Group and its management made by Eight Capital are theirs alone and do not represent the opinions, estimates or forecasts of LNG Energy Group or its management. LNG Energy Group does not by this announcement or otherwise imply that the Company analyzes or approves of such information, conclusions, or recommendations.

Neither the TSXV nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release.

About LNG Energy Group

The Company is focused 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:

James Morris, Vice-President, Business Development and Investor Relations
LNG Energy Group Corp.
Website: www.lngenergygroup.com
Email: investor.relations@lngenergygroup.com
Telephone: 205-835-0676

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LinkedIn: https://www.linkedin.com/company/lng-energy-group-inc/
Instagram: @lngenergygroup
X: @LNGEnergyCorp

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:

This news 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 at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often using phrases such as “expects”, “anticipates”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends”, or variations of such words and phrases, or stating that certain actions, events or results “may” or “could”, “would”, “should”, “might” or “will” be taken to occur or be achieved, are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include: general business, economic, competitive, political and social uncertainties; delay or failure to receive any necessary board, shareholder or regulatory approvals, factors may occur which impede or prevent LNG Energy Group’s future business plans; and other factors beyond the control of LNG Energy Group. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, LNG Energy Group assumes no obligation to update the forward-looking statements, whether they change as a result of new information, future events or otherwise, except as required by law.