HIGHLIGHTS
• NuEnergy submitted first Plan of Development
• Muralim PSC granted Exploration Period extension for four years
DEPUTY EXECUTIVE CHAIRMAN’S COMMENTS
NuEnergy achieved a major milestone by submitting the first Plan of Development (“POD”) Coal Bed Methane (“CBM”) project in Indonesia. The submission underlines the value of our unconventional assets and we are looking forward to commencing full field development and achieving our First Gas Sales.
Operations Report
During the quarter, NuEnergy’s operations were mainly focused on the Plan of Development (“POD”) submission for the Tanjung Enim Production Sharing Contract (“PSC”).
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