From NGY's latest Quarterly Activities Report September 2022...

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

"NuEnergy continued to focus on executing its POD 1 implementation. The implementation will be carried out in
stages with the objective to achieve early gas sales. NuEnergy’s initial gas sales are targeting the underserved
market within South Sumatra which would help the industry (including plantation estates) in the vicinity to
gradually migrate from using non-environmental friendly diesel fuel to clean energy."

"The activities for the quarter included discussions and/or field visits with several parties comprising the
Indonesian Special Task Force for Upstream Oil and Gas Business Activities (“SKK Migas”), the Ministry of Energy
and Mineral Resources of Indonesia (“MEMR”), several gas gathering facility providers, mid-stream players such
as CNG providers and potential gas buyers. In addition, NuEnergy had conducted an on-site inspection of the
gas gathering and CNG facilities which are ready for deployment."

"NuEnergy is also progressing on the necessary environmental impact assessment (“EIA”) studies as required
under POD1. Following the completion of field data sampling and studies, the detailed framework and scope of
the EIA studies were discussed and agreed upon with the regulatory authority/commission and had been
submitted to the Ministry of Forest and Environment of Indonesia (“MFE”) on 8 July 2022 for the Ministry’s
review. MFE has on 5 October 2022 granted NuEnergy to proceed with submitting the relevant technical
documents to MFE, in stages. In this regard, NuEnergy has on 13 October 2022, sent the air emission technical
document as the first part of all the technical documents."

"The front-end engineering design (“FEED”) study is expected to commence before the end of 2022."

"Concurrently, NuEnergy is preparing for the drilling program related to the development and is currently in the
process of selecting suitable service providers."