NuEnergy Gas Limited has announced that its subsidiary Dart TE and PT Laras Energy had mutually agreed to further extend the Heads of agreement to 30 March 2024; or upon the execution of a Gas Sale and Purchase Agreement between the Parties or upon the Parties agree in writing to terminate the HOA before 30 March 2024;
NuEnergy is an independent clean energy company focused on the development of Indonesian unconventional gas assets. It was established with the goal of providing investors with superior value by safely, reliably and sustainably supplying clean energy to meet the growing energy demands in Indonesia, one of the world’s fastest growing economies and energy consuming markets.
The group holds four onshore coal bed methane Production Sharing Contracts across South Sumatra, Indonesia. NuEnergy is now fully focused on moving our high-value unconventional gas assets from exploration to the development stage, monetizing their reserves, delivering shareholder return, and in turn working capital to fund future developments and strategic acquisitions.
