Past year: ▼ 14%(2.30c – 4.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
24 Aug 2026production update▲ Good
Site works began on PGN's CNG Mother Station and NuEnergy's Early Production Facility for the 1 MMSCFD early gas sales. These are the facilities needed before first gas can be sold, which is currently targeted for Q1 CY2027.
24 Aug 2026regulatory community update▲ GoodMajor
Indonesian approval received for exploration extensions: 12 months each for Muralim and Muara Enim, and 18 months for Muara Enim II, all from 13 August 2026, to submit development plans. Resolves the pending extension applications, including Muara Enim II, and keeps all three PSCs alive.
28 July 2026director officer appointment● Neutral
Non-executive director Ian Wang resigned due to other commitments. The board drops to five directors.
30 June 2026contract award▲ GoodMajor
Field Service Contract signed with PT BEL (the PT BJEL named earlier) worth about US$88m to drill and complete wells to a 24 MMSCFD plateau, repaid from future gas sales. This delivers the funding promised in January; work starts only after conditions precedent, including FEED and land access.
7 Apr 2026material agreement● NeutralMajor
PT BJEL deadline to sign the Tanjung Enim EPCC contract extended to 30 June 2026 (or later if agreed), after a revised field plan using horizontal drilling that may need fewer wells. Resolves the 120-day lapse risk; development still described as fully funded.
25 Mar 2026other● Neutral
ASX paused trading in NuEnergy shares pending a further announcement. The text gives no reason; it is a procedural notice tied to the price query the same day.
25 Mar 2026price query● Neutral
ASX queried a jump in the share price from $0.039 to an intraday $0.087 on 25 March 2026. The company said it knew of no undisclosed information and pointed to a positive analyst article and increased interest in energy stocks due to the Middle East conflict.
16 Mar 2026half year report● Neutral
Half-year report to 31 Dec 2025. Restates the Nov 2025 entitlement offer of 138.3m shares at $0.025 and total shares of 1.919bn, citing proceeds of $3,427,364 (the earlier notice said $3.457m). Financial figures were not in the supplied text.
11 Mar 2026admin correction● Neutral
Amended December 2025 quarterly report adds the required expense summary, tenement table and a statement of no related-party payments. Compliance fix only; operational content is unchanged.
8 Jan 2026material agreement▲ GoodMajor
Collaboration agreement signed with PT Beijing Energy Linking, to be lead EPCC contractor and finance 100% of Tanjung Enim POD 1 development at a capped price, repaid from future gas sales. Terminates if the EPCC contract is not signed within 120 days. Addresses the funding gap for the 25 MMSCFD plan.
17 Dec 2025material agreement▲ GoodMajor
Binding gas sales agreement signed with PGN on 17 December 2025 for 5.59 BSCF of gas, running to the PSC end on 3 August 2039 or full delivery. First gas sales expected in the first half of 2026. Resolves the long-pending GSPA signing after the 2024 heads of agreement.
28 Nov 2025capital raising announcement● NeutralMajor
Entitlement offer closed with acceptances for 138.3m shares raising $3.457m, short of the $4.62m maximum. Shares on issue rise to 1.919bn. Note the text states a 2-for-29 ratio, conflicting with the 2-for-19 announced earlier. Globaltec now holds 45.41%.
17 Nov 2025drilling result▲ Good
Final early gas sales well TE-B01-003 drilled to 451 m (planned 473 m), intersecting five coal seams between 299 and 419 m with gas shows. Pump installed, dewatering about to start. All four wells in the programme are now drilled; the rig is being demobilised.
17 Nov 2025investor presentation● Neutral
AGM presentation restating known facts: Tanjung Enim POD 1 (165 BCF, 25 MMSCFD plateau), 1 MMSCFD early gas sales, 9.7 TCF gas in place across four assets. Cites a share price of $0.025 and market cap of $41.55m at 10 Nov 2025. No new results.
12 Nov 2025other● Neutral
Notice that the offer document and entitlement form were mailed to shareholders. Administrative only, with no new information.
12 Nov 2025capital raising announcement● Neutral
Offer document released for the entitlement offer: 2 new shares for every 19 at $0.025 to raise about $4.62m, closing 21 November 2025. Restates terms already announced on 4 November; new shares expected to trade 1 December.
6 Nov 2025capital raising announcement● Neutral
Sets out underwriting terms for the entitlement offer: Global Energy Resources underwrites 68.60% of the offer and charges no underwriting fee. Standard termination events apply. Board says shareholder approval is not needed.
4 Nov 2025capital raising announcement● NeutralMajor
Offer to raise up to $4.62m via a non-renounceable entitlement offer, 2 new shares for every 19 held at $0.025. Partially underwritten to $3.21m by major shareholder Global Energy Resources. Funds mainly for the early gas sales initiative. Follows the $5.995m raise at $0.02 in 2024.
26 Sept 2025annual report● Neutral
FY25 annual report: net loss $941k (FY24 $807k); cash $2.43m at 30 Jun 2025 versus $145.8k a year earlier, helped by the $5.995m entitlement offer at $0.02. Net assets $31.5m. Further funding is still flagged as a key risk.
26 Sept 2025annual report● Neutral
Corporate governance statement and Appendix 4G for FY25, describing board practices against ASX principles. Administrative compliance document with no new operational or financial information.
9 Sept 2025regulatory community update▲ GoodMajor
MEMR approved the gas allocation for Tanjung Enim, authorising sale of 1 MMSCFD of coal bed methane to PGN. This resolves the long-pending approval; the GSPA can now be finalised. Three of four wells are dewatering, the fourth is drilling.
18 Aug 2025drilling spud● Neutral
Spudded the fourth and final early gas sales well, TE-B01003, planned to about 473 m. The first three wells are dewatering with gas pressure building as expected.
12 Aug 2025drilling result▲ Good
TE-B06003 drilled to 420 m, intersecting five coal seams between 248 and 371 m with gas shows. Pump installed and dewatering under way; rig moving to the fourth well. Third of four early gas sales wells completed.
28 July 2025drilling spud● Neutral
Spudding of the third early gas sales well, TE-B06003, announced, planned to about 407 m. Follows completion of the first two wells.
23 July 2025drilling result▲ Good
TE-B06002 drilled to 424 m, intersecting five coal seams totalling 47.3 m, with gas shows. Pump installed and dewatering began 22 July. Rig is moving to the third well. Similar to the first well's result; no flow rates yet.
8 July 2025drilling spud● Neutral
Spudded the second early gas sales well, TE-B06002, on 7 July 2025, planned to about 416 m and close to the first well. Part of the four-well programme targeting 1 MMSCFD.
4 July 2025drilling result▲ GoodMajor
TE-B06001 drilled to 411 m, intersecting five coal seams totalling 47.5 m thick between 283 and 406 m, with gas shows at surface. A pump is installed and dewatering has begun, with gas build-up seen. No flow rates yet.
30 June 2025material agreement● Neutral
The PGN heads of agreement, signed 27 June 2024, expired 27 June 2025 and was extended to 26 June 2026, or earlier on signing of a gas sale agreement or written termination. The formal GSPA is still unsigned.
20 June 2025admin correction● Neutral
Amended re-release of the 26 May spud announcement, adding a reserves appendix and stating 143 Bcf estimated sellable gas against 164.89 Bscf certified reserves. Also states 100% economic interest in POD 1, which differs from the 45% participating interest elsewhere. Drilling facts unchanged.
26 May 2025drilling spud▲ GoodMajor
Spudded TE-B06001 on 25 May 2025, the first of four early gas sales wells at Tanjung Enim, planned to about 463 m. Targets initial sales of 1 MMSCFD. Moves the project from preparation into actual drilling after the 2021 POD approval.
