NGY 0.00% 1.9¢ nuenergy gas limited

Except from NGY Investor Presentation - November 2023 released...

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    Except from NGY Investor Presentation - November 2023 released on 22 November 2023 -

    NGY has achieved POD approval for the Tanjung Enim asset and are now moving towards the development phase

    Location

    • Located about 50km and 130km from growing economy and industrial cities of Prabumulih and Palembang respectively.

    • Well developed infrastructure with long establishment of Bukit Asam Coal Miner and Pertamina Oil and Gas Facilities.

    • Approximately 35 km from major gas trunk lines to Java market and export to Malaysia and Singapore.

    • NGY has initial offtake agreements in place for Phase 1 of the Tanjung Enim project.

    • Based on a range of US$5/Mcf and US$10/Mcf the potential revenue opportunity ranges between $0.7bn - $1.4bn for the project base on the recoverable reserve for POD 1 (165 bcf, 33 km²) and an estimation of sellable gas of 144 bcf3

 
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