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
NGY Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
