Muara Enim II PSC Update

From NGY's latest Quarterly Activities Report September 2022 with regards to its Muara Enim II PSC in South Sumatra which was released this week –

Muara Enim II PSC
South Sumatra, Indonesia
NuEnergy Interest: 30%
Operator: Indo CBM Sumbagsel II Pte Ltd (a subsidiary of NuEnergy)

"NuEnergy has submitted an application for a two years extension of exploration period for Muara Enim II PSC
on 28 September 2022. The additional exploration period is to gather gas production data in order to proceed
with reserves certification to fulfill the POD submission requirements. This will enable the Muara Enim II PSC to
migrate from exploration to development status."