NuEnergy, Quarterly Report June 2018 | Finance News Network

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NuEnergy, Quarterly Report June 2018

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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