east african explorer + sumatran producer

$11 million market cap
$2.7 million cash

Already have one producing gas well in the Sumatran Basin, and awaiting production tests from a second.

Santos are currently drilling separate prospects in acreage surrounding NGY to the north and east.

Immediate proximity to existing open-access gas
infrastructure that is connected to heavily under-supplied energy markets.

Dharma Pratama Sejati has agreed to offtake 1-5 million cubic feet of gas at US$10, which would give NGY direct annual revenue of $1.5 million to $8 million

Applications have been lodged for a concession in the Selous Basin, Tanzania, expected to be awarded this month or next.

Selous basin is 50,000km2, and only 1 well has ever been drilled there - this would be a big announcement.

U.S. article in Bloomberg about NGY's East African shale from June:

http://www.bloomberg.com/news/2013-06-19/nuenergy-of-australia-optimistic-on-finding-shale-gas-in-africa.html