"The project is currently in approval stage and is expected to start commercial production in 2024. The Tanjung Enim cbm development will involve the drilling of approximately 209 wells."
"Production from the Tanjung Enim cbm development project is expected to begin in 2024 and is forecast to peak in 2025, to approximately 36 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2061."
"The field is expected to recover 42.54 Mmboe, comprised of 255.22 bcf of natural gas reserves."
NGY Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
