From NGY's Quarterly Report March 2022 which was announced today...

From NGY's Quarterly Report March 2022 which was announced today -

"NuEnergy continued to focus on evaluations and negotiations with several potential gas buyers. Apart from PT.
Pertamina Gas, there are also several potential gas buyers who have expressed interest to buy gas at the plant
gate of the Tanjung Enim gas field. In addition, NuEnergy has received the Seller Appointment Letter dated 16
November 2021, from the Indonesian Special Task Force for Upstream Oil and Gas Business Activities (“SKK
Migas”). This formally authorises and appoints NuEnergy to sell coal bed methane produced from the Tanjung
Enim PSC on SKK Migas’s behalf."

"NuEnergy is also progressing with the necessary environmental impact studies (known as AMDAL or Analisis
Manajemen Dampak Lingkungan in Indonesia), as required under the POD, having appointed the consultant at
the end of March 2022. The environmental studies are expected to commence in April 2022. In addition, as part
of the POD, NuEnergy is currently preparing the tendering process for the Front-End Engineering Design
(“FEED”) studies."