NuEnergy Gas Receives Additional Exploration Time By Indonesian Government

NuEnergy Gas Limited has received approval for an additional exploration time has been granted by the Minister of Energy and Mineral Resources Indonesia for the Muralim Gross Split Production Sharing Contract.

The duration is now until 18 July 2023, NuEnergy says the additional time will be utilised to complete the de-watering activities on MU-005 (Twin) well to determine the gas productivity for future development, which will be then followed by the submission of an Exploration Status Decision proposal and a Plan of the Development proposal.

NuEnergy is an independent clean energy company focused on the development of Indonesian unconventional
gas assets. The company holds four onshore Production Sharing Contracts (PSCs), across South Sumatra and is fully focused on moving into high-value unconventional gas assets from exploration to development stage, monetising their reserves, delivering shareholder return, and in turn working capital to fund future developments and strategic acquisitions.

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