Excerpt from NGY Investor Presentation - November 2023 released on 22 November 2023 on Muara Enim PSC -
Muara Enim (ME) – Pre-POD
NGY is at the pre-POD stage for the Muara Enim asset
Location
• Located about 45km to 60km and 100km to 120km from growing economy and industrial cities of Prabumulih and Palembang
• Co-located Tanjung Enim PSC CBM operated by NGY providing opportunity for integrated development.
• Approximately 25 km from major gas trunk lines to Java market and export to Malaysia and Singapore.
Status
• Progressing with further exploration activities to enable commencement of the POD proposal within the next 18 to 24 months
• Submitted gross split conversion proposal
• Plan to acquire additional production data for larger POD application
Muara Enim PSC Update, page-5
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