Highlights

  • NuEnergy holds an operating interest in the Tanjung Enim coalbed methane project in Indonesia.
  • The Tanjung Enim development plan received approval from Indonesian authorities in June 2021.
  • The company identifies a gas sales agreement and a ministry-approved initial gas allocation.
  • Four planned early-gas wells have been completed, with dewatering activities progressing.

NuEnergy Gas Limited (ASX:NGY) continues to centre its Indonesian gas strategy on the Tanjung Enim coalbed methane project in South Sumatra. The project combines an approved development framework, completed early-gas wells and arrangements directed towards future gas sales. The company identifies the area as its initial development priority within a wider portfolio of Indonesian coalbed methane production-sharing contracts. Commercial production remains distinct from the completed construction and preparatory activities.

An Approved Development Plan Establishes the Framework

Indonesia’s Ministry of Energy and Mineral Resources approved the first Tanjung Enim plan of development in June 2021. Company project material describes a 249.10-square-kilometre production-sharing contract and outlines an initial development area from which gas resources have been evaluated. The company reports a plateau development objective of up to 25 million standard cubic feet per day under the approved plan. This is an envisaged production level, not a current daily output figure.

Sales Arrangements and Production Wells Are Linked

The company identifies a ministry-approved allocation of one million standard cubic feet per day for initial gas sales and a signed gas sale and purchase agreement with PT Perusahaan Gas Negara. Four wells under its early gas sales initiative were completed, while dewatering was under way. Dewatering is part of preparing coal seams for gas release and assessment. A completed well and a signed agreement do not themselves demonstrate that commercial volumes have started flowing.

Outlook: Operational Deliverability Is the Next Milestone

NuEnergy’s stated focus is to turn its initial gas development into a producing operation, and then evaluate broader opportunities across its Indonesian acreage. Further project steps depend on production Facility works, well performance and operational readiness. Its official company project page distinguishes development approvals, resource information and early-gas well activities. Subsequent disclosures will determine the timing and scale of actual deliveries under the sales arrangements.

NuEnergy Gas shares were quoted at AUD 0.018 on 6 November 2026, with a reported daily change of 0.00%. No shares traded during the session. Market Capitalisation was approximately AUD 36 million.