Extracted from NGY’s latest Quarterly Report ended September 2023 on MuralimPSC
NuEnergy continues toundertake the dewatering process on MU-005TW well to determine its gasproduction data. The Company is currently also preparing to activate anexisting well MU-006, which is adjacent to MU-005TW, to accelerate thedewatering process and expedite gas flows.
NuEnergy has been grantedan additional exploration period of 19 months to 29 March 2025 from MEMR. Theextension will enable NuEnergy to complete the exploration commitments andacquire necessary production data, which will then facilitate the submission ofa POD proposal, for the Muralim PSC the final step required before entering thedevelopment phase for the asset.
