Past year: ▼ 14%(2.30c – 4.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Oct 2023quarterly activities report● Neutral
September 2023 quarter: Tanjung Enim environmental permit secured and Muralim 19-month extension to 29 Mar 2025 received. Gas price/volume approval still awaited; four early gas well sites identified. Muara Enim has applied to convert to gross split and for more time to file its POD.
4 Oct 2023regulatory community update▲ GoodMajor
Environmental permit dated 26 Sep 2023 obtained for Tanjung Enim POD 1, described as the first coal bed methane development permit in Indonesia. Resolves a pending approval; initial sales of 1 MMSCFD to Laras still await a gas sales agreement and government allocation/price approval.
19 Sept 2023agm notice● Neutral
The 2023 AGM will be held on 23 November 2023, with director nominations closing 4 October 2023. Administrative notice only.
13 Sept 2023annual report▼ Bad
FY2023 annual report: net loss $1.036m and cash fell to $1.441m from $3.502m. Net assets $26.94m. Further funding is still needed, and the company says it has no cash-generating assets so dividends are unlikely. Text truncated.
13 Sept 2023annual report● Neutral
Appendix 4G for the year to 30 June 2023, pointing to the website governance statement. Administrative filing with no new business information.
11 Sept 2023regulatory community update▲ Good
Muralim exploration period extended 19 months to 29 March 2025, resolving the pending extension. Dewatering continues, then a plan of development proposal. The announcement says 50% interest, versus 100% in quarterly reports.
22 Aug 2023quarterly activities report● Neutral
Revised June 2023 quarterly report, re-issued to add a Muara Enim PSC update (40% interest): no major activity, and the plan of development is still due within three years of 18 Jan 2021. Otherwise repeats the 21 July report.
22 Aug 2023material agreement● Neutral
The Laras Energy Heads of Agreement was extended from 9 August 2023 to 31 December 2023, or until a gas sale agreement is signed. The binding agreement has slipped from the Q2 2023 target.
21 July 2023quarterly activities report● Neutral
June 2023 quarter: Laras performance guarantee lodged and SKK Migas gas allocation and price approval pending; well sites finalised, land acquisition in final stage. Muralim dewatering still slow, with SKK Migas recommending a 19-month exploration extension.
6 July 2023investor presentation● Neutral
Updated corporate presentation. Shows share price A$0.036, 1,481m shares, market cap A$53.31m, with New Century and Globaltec each holding 32.33%. Text is truncated; it appears to repeat known project information.
23 June 2023regulatory community update▲ Good
Indonesia's Finance Ministry granted tax exemption facilities to the Tanjung Enim and Muralim subsidiaries: input VAT not collected and 100% land and building tax reduction, running until commercial production starts. Lowers costs during exploration and development.
27 Apr 2023quarterly activities report● Neutral
March 2023 quarter: gas allocation and price request lodged with SKK Migas on 14 Feb; Laras gas sales agreement being drafted. Tanjung Enim environmental approvals now expected by end of Q2 2023; Muralim water output is slowing dewatering, with a test-period extension being discussed.
13 Mar 2023half year report● Neutral
Half-year report to 31 December 2022. Text is truncated and shows no financial figures. It restates the 10 Feb 2023 Laras Energy Heads of Agreement (1.49 Bscf, GSPA expected Q2 2023) and reports no significant changes in the state of affairs.
10 Feb 2023regulatory community update▲ Good
Muara Enim II (30% interest, 819.6 km2) received a 24-month exploration extension to 29 January 2025. This resolves the extension application lodged 28 Sep 2022.
10 Feb 2023material agreement▲ GoodMajor
Signed a non-final Heads of Agreement with PT Laras Ngarso Gede to sell Tanjung Enim POD 1 coal bed methane: 1.49 Bscf, about 1 MMSCFD, from 1 Oct 2023 target. The first gas sale deal after earlier talks; a binding sale agreement is expected in Q2 2023.
19 Jan 2023quarterly activities report● Neutral
December 2022 quarter: Tanjung Enim early gas sales got government support on 14 Oct 2022, and the full environmental report went in on 22 Dec, with approvals expected in Q1 2023. Muralim dewatering is slower because water output is higher than expected.
29 Dec 2022price query● Neutral
ASX queried a rise from $0.024 on 23 December 2022 to an intraday $0.036, with heavy volume. NuEnergy said it knew of no undisclosed information or other explanation, and said it complies with the Listing Rules.
27 Oct 2022quarterly activities report▲ Good
September 2022 quarter: Tanjung Enim plans staged development targeting early gas sales to South Sumatra industry, with the environmental assessment advancing and drilling providers being selected. Muralim dewatering resumed. Muara Enim II applied on 28 Sep for a two-year extension.
16 Sept 2022annual report● Neutral
Appendix 4G for the year to 30 June 2022, lodged with the annual report, pointing to the website governance statement. Administrative filing only, with no new business information.
16 Sept 2022annual report● Neutral
FY2022: net loss $1.905m versus a $6.657m profit in FY2021. Cash rose to $3.502m from $1.712m, and net assets were $26.75m. The report says further funding will be needed, and 26 wells have been drilled across 2,278 km2.
12 Sept 2022agm notice● Neutral
The 2022 AGM will be held on 23 November 2022, with director nominations closing 4 October 2022. Administrative notice only.
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 2022quarterly activities report● Neutral
June 2022 quarter: Tanjung Enim environmental studies progress and FEED proposals received, with FEED expected in the second half of 2022. Muralim dewatering equipment arrived but delayed by COVID lockdown abroad; extension application still pending. No gas sales agreement yet.
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.
29 Apr 2022quarterly activities report● Neutral
March 2022 quarter: Tanjung Enim gas sales talks now include other potential buyers besides Pertamina Gas; environmental consultant appointed, FEED tender being prepared. Muralim dewatering expected to resume May 2022, with a one-year exploration extension applied for on 21 Feb 2022.
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.
31 Jan 2022quarterly activities report▲ Good
December 2021 quarter: Pertamina Gas sales talks continue, and the company received the SKK Migas Seller Appointment Letter allowing it to sell Tanjung Enim gas. Muralim obtained its environmental permit in January 2022, so dewatering can resume, resolving the earlier suspension.
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.
22 Oct 2021quarterly activities report● Neutral
Appendix 5B for September 2021: cash rose to $2.371m from $1.712m, helped by $818k from disposing of investments (likely Metalla shares, inference). Operating outflow was $62k. The $3.144m of related-party loans remains fully drawn.
