From NGY's latest Quarterly Activities Report September 2021 with regards to its Tanjung Enim PSC in South Sumatra which was released today -
"In respect of the POD I of the Tanjung Enim PSC, NuEnergy has advanced its discussions and negotiations on future gas sales with PT Pertamina Gas, which are expected to culminate in a formal gas sales agreement between the two parties. NuEnergy has also embarked on the necessary environmental impact studies (also known as AMDAL or Analisis Manajemen Dampak Lingkungan in Indonesia) and Front-End Engineering Design (“FEED”) studies by selecting and reviewing proposals from qualified vendors and consultants."
NGY Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
