NGY Stock Discussion

Nuenergy Gas Ltd   Description

NuEnergy Gas Limited is an Australia-based company, which is engaged in the exploration, appraisal and development of hydrocarbons with a primary focus on unconventional gas on coal seam gas also known as coal bed methane (CBM). The Company operates in CBM exploration in Indonesia segment. The Company has approximately six Production Sharing Contracts (PSCs) covering an area of approximately 5,523 square kilometers. The Company focuses on the CBM exploration activities in Tanjung Enim PSC, South Sumatra, and Rengat PSC, Central Sumatra. It holds interest Muara Enim PSC, Muara Enim II PSC and Muralim PSC, which are located in South Sumatra, Indonesia. Muara Enim PSC and Muara Enim II PSC cover a total area of approximately 1,861 square kilometers. It holds interest in Bontang Bengalon PSC, which covers an area of approximately 411 square kilometers and is located in East Kalimantan, Indonesia. The Company holds interest in Joint Evaluation (JE) of Bungamas CBM, South Sumatra.

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Exploration Energy Gas Coal Carbon Fuels Universe Hydrocarbons Coalbed Methane Methane Sumatra Coal Seam Gas Seam Gas Unconventional Gas Cbm South Sumatra