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NuEnergy Announces First Plan of Development Submitted

NuEnergy Gas Limited (ASX:NGY)(“NuEnergy” or “the Company”) is pleased to update that it has submitted the First Plan of Development for the Tanjung Enim Field (“POD I”) within the Tanjung Enim Production Sharing Contract (“PSC”) to the Head of the Indonesian Special Task Force for Upstream Oil and Gas Business Activities (commonly referred to as SKK Migas), who upon its final review will submit to the Indonesia Ministry of Energy and Mineral Resources for approval. The POD I submission follows months of preparation and evaluation since August 2017 by NuEnergy in close collaboration with SKK Migas and the submission represents a key regulatory milestone in the development of the Tanjung Enim PSC. The POD I submission for the Tanjung Enim PSC also signifies the first Coal Bed Methane (“CBM”) POD in Indonesia.

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