Extracted from NGY’s latest Quarterly Report ended March 2024
NuEnergycontinues to undertake the dewatering process on MU-005TW & MU-006 wells todeliver gas production data. NuEnergy was granted an additional explorationperiod of 19 months to 29 March 2025, from MEMR. The extension will enableNuEnergy to complete the exploration commitments and acquire necessaryproduction data, which will then facilitate the submission of a POD proposalfor the Muralim PSC, which is the final step required before entering thedevelopment phase for the asset.
