Past year: ▼ 14%(2.30c – 4.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
3 Aug 2022regulatory community update▲ Good
The Minister granted Muralim additional exploration time to 18 July 2023, resolving the pending extension application. The time is for completing MU-005 twin dewatering, then submitting an Exploration Status Decision and Plan of Development proposal.
27 July 2022price query● Neutral
ASX paused trading in NuEnergy securities pending a further announcement, linked to the price query issued the same day. Procedural notice only.
27 July 2022price query● Neutral
ASX queried a rise in the share price from $0.017 on 25 July 2022 to an intraday $0.031, with heavy volume. NuEnergy said it knew of no undisclosed information or other explanation, and said it complies with the Listing Rules.
16 Mar 2022half year report● Neutral
Half-year report to 31 December 2021. Text provided is truncated and shows no financial figures. It restates Tanjung Enim POD 1 approval (~164.89 Bscf certified), Pertamina Gas talks since 8 July 2021, and Muralim dewatering suspended pending a permit. No significant changes in state of affairs.
1 Dec 2021director officer appointment● NeutralMajor
Lim Beng Hong, formerly Chief Operating Officer, becomes CEO from 1 December 2021, replacing Dr Ian Wang, who moves to a non-executive board seat. The chairman is named as Bernard Kong in this release.
24 Sept 2021annual report▲ Good
FY2021 annual report: net profit $6.66m versus a $2.28m loss in 2020. Cash was $1.712m and net assets $26.3m. The company says it needs further funding, and has 24 wells drilled across 2,278 km2 of CBM acreage. Profit drivers are not shown in the text provided.
24 Sept 2021annual report● Neutral
Appendix 4G and corporate governance statement for the year to 30 June 2021, lodged with the annual report. Administrative filing only, pointing to the website statement, with no new business information.
17 June 2021regulatory community update▲ GoodMajor
Indonesia approved Tanjung Enim POD 1, the country's first CBM POD, and the Gross Split PSC was signed, resolving the long-pending approval. It covers ~33 km2 with certified reserves of ~164.89 Bscf, 209 wells, and plateau gas up to 25 MMSCFD over 10 years.
7 June 2021regulatory community update▲ GoodMajor
The Minister granted Muralim a 12-month exploration extension from 8 May 2021, resolving the extension request. MU-005 twin reached 724 m, found four coal seams between 547 and 669 m, and is now in production testing and dewatering.
20 May 2021regulatory community update▲ Good
NuEnergy received advance notice that SKK Migas is proposed to approve Tanjung Enim POD 1 under Gross Split at a virtual ceremony on 17 June 2021. This would be Indonesia's first CBM POD. The approval is still only proposed, with a detailed announcement to follow.
24 Mar 2021drilling spud▲ GoodMajor
NuEnergy spudded the MU-005 twin production well at its 100%-owned Muralim PSC, on the same pad as MU-006. It will test coal permeability and dewater for a few months, ahead of an exploration status proposal by May 2021 and a POD. This starts the planned twin-well campaign.
11 Mar 2021half year report● Neutral
Half-year to 31 December 2020: Tanjung Enim POD 1 is in the final phase, to be tabled to the Minister, but still unapproved. Muralim is shown at 50% with an extension beyond 7 May 2021 sought. A twin-well drilling campaign is expected in Q1 2021. Financial figures are not in the text shown.
8 Feb 2021price query● Neutral
After the price rose from $0.02 to $0.065 in a few days, NuEnergy told ASX it is not aware of any unannounced information explaining the move. It says Tanjung Enim POD 1 approval is still in progress.
21 Jan 2021regulatory community update▲ GoodMajor
SKK Migas issued a letter confirming a natural gas discovery in the Muara Enim PSC (40% interest) and acknowledging completion of exploration commitments. NuEnergy may submit a development plan within 3 years from 18 January 2021, resolving the earlier extension thread.
12 Jan 2021price query● Neutral
After the price rose from $0.013 to $0.022 on heavy volume, NuEnergy told ASX it knows of no unannounced information explaining it. It says Tanjung Enim POD 1 approval is still in the final stages, with no timeframe, and the Muralim PSC is still being prepared.
12 Jan 2021listing compliance notice● Neutral
ASX paused trading in NuEnergy shares pending a further announcement. This is a procedural step linked to the price and volume query the same day.
29 Sept 2020asset acquisition disposition▲ GoodMajor
The Fosterville gold royalty sale completed, bringing $2m cash and 467,730 Metalla shares, worth about $5.2m at 25 September close versus $4m at signing. This resolves the July sale and adds funds beyond the previous ~A$300k cash balance.
24 Sept 2020annual report● Neutral
FY2020 annual report: net loss fell to about $2.3m (FY19 $17.0m, which had large impairments and penalties), including a $1.16m receivable impairment. Cash was $296k and net assets $22.1m. Tanjung Enim POD 1 approval is still pending, slowed by Covid-19.
24 Sept 2020annual report● Neutral
Corporate governance statement and Appendix 4G for year to 30 June 2020. Administrative filing accompanying the annual report; the text shown notes partial or non-compliance with some ASX recommendations, such as no nomination committee or skills matrix.
28 July 2020asset acquisition disposition▲ GoodMajor
NuEnergy agreed to sell its 2.5% Fosterville gold royalty, held since 1987/1992, to Metalla for $6m: $2m cash plus $4m in Metalla shares. The company says this covers parent borrowings, leaving it debt-free. Closing expected October 2020, subject to approvals including FIRB.
12 Mar 2020half year report● Neutral
Half-year to 31 December 2019: on 4 December the government agreed Tanjung Enim POD would be approved under Gross Split, but approval is still outstanding. Muralim's exploration period runs to 7 May 2021, with re-entry testing expected soon. Financial figures are not in the text shown.
14 Feb 2020listing compliance notice▼ Bad
Replying to an ASX query on December quarter cash (A$447k, A$300k outflow expected), NuEnergy says it has now scaled back operations to focus on the Tanjung Enim POD. Parent loans of about A$435,501 were received; funding talks remain unconfirmed.
25 Nov 2019listing compliance notice▼ Bad
Replying to an ASX query on September quarter cash (A$321k, A$300k outflow expected next quarter), NuEnergy repeats it is in funding talks with interested third parties, none firm. A further parent loan of about US$116,000 came after quarter end.
15 Nov 2019investor presentation● Neutral
AGM presentation restating the portfolio, now four active PSCs covering 2,278 km2, and the Tanjung Enim focus. Paid-up capital is shown as A$25m (earlier context had A$55m). Muralim's Gross Split is shown effective 8 May 2019. Text shown is largely background.
30 Sept 2019director officer appointment▼ Bad
CFO Jason Chua resigned effective 30 September 2019, and the company says it is recruiting a replacement. This follows the June-quarter cash squeeze and the unresolved funding search.
23 Sept 2019annual report▼ BadMajor
FY2019 annual report: net loss $17.0m (FY18 $12.5m), including a $7.0m net impairment for Bontang Bengalon termination and Muara Enim II expiry, plus penalty provisions of $8.6m. Cash fell to $323k and net assets to $23.7m.
23 Sept 2019annual report● Neutral
Appendix 4G confirming the corporate governance statement is on the company website, current at 22 September 2019. Administrative filing accompanying the annual report, with no new information.
26 Aug 2019regulatory community update▼ BadMajor
Indonesia's energy ministry terminated the Bontang Bengalon PSC for no coal bed methane discovery by the end of contract year 6, ending the extension request. Carrying value is $797,868; the company says no operational impact and will appeal.
6 Aug 2019listing compliance notice▼ Bad
Replying to an ASX query on its June quarter cash (A$323k left, A$300k outflow expected next quarter), NuEnergy says it is in talks with third parties who approached it about funding, none firm. It can scale back activity and draw parent loans (US$140k).
5 June 2019material agreement termination▼ BadMajor
NuEnergy terminated the Saujana E&P investment agreement because the USD250,000 extension fee was not paid. The $38.5m placement for 51% will not proceed, and the funding gap noted since August 2018 remains open.
