Excerpt from NGY Investor Presentation - November 2023 released on 22 November 2023 on Muara Enim II PSC -
Muara Enim II (ME II) – Appraisal
NGY is at the appraisal stage for the Muara Enim II asset
Location
• Located about 30km to 50km and 85km to 120km from growing economy and industrial cities of Prabumulih and Palembang respectively.
• Co-located Tanjung Enim PSC CBM operated by NGY providing opportunity for integrated development.
• Approximately 35km from major gas trunk lines to Java market and export to Malaysia and Singapore.
Status
• Progressing with further exploration activities to enable starting the POD preparation within the next 18 to 24 months.
• Completed well sites survey for future well location
Excerpt from NGY Investor Presentation - November 2023 released...
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