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NUENERGY CAPITAL LIMITED

ASX: NGY

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Description

NuEnergy Gas Limited is an emerging gas and ancillary power generation development company with an immediate focus on unconventional gas production in Indonesia.

NGY has three Production Sharing Contracts (PSC) in South and Central Sumatra, Indonesia, covering 4,819 square kilometres. NGY is the operator of all three, as follows:

  • Muara Enim (40% participating share)
  • Muara Enim 2 (30% participating share)
  • Rengat (100% participating share)
    • Muara Enim PSC is the highest priority with 3 wells already drilled, logged and cored to evaluate the gas production qualities. Two of these wells were converted to pilot production wells with the dewatering process underway.

      The Company’s overall strategy is to explore and establish commercial resources/reserves over its CBM projects, construct production facilities and commence production as soon as possible.

      Mine For

      gas

      Location of operation(s)

      Indonesia

      Address

      Level 20, 264 George Street
      SYDNEY, NSW, AUSTRALIA

      Phone

      +61 8 9381 5819

      Email

      Website


      Last Updated

      14/5/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.