Past year: ▼ 14%(2.30c – 4.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
22 Oct 2021quarterly activities report● Neutral
September 2021 quarter: gas sales talks with Pertamina Gas are advancing toward a formal agreement, and environmental and engineering design studies have begun for Tanjung Enim. Muralim dewatering is suspended until new environmental permits issue, a setback to the testing.
5 Oct 2021agm notice● Neutral
Letter to shareholders: virtual AGM at 1pm AEDT on 25 November 2021, with the notice due 26 October and no hard copies mailed. Administrative only, with no new business information.
30 Sept 2021agm notice● Neutral
The 2021 AGM will be held on 25 November 2021, with director nominations closing 6 October 2021. Administrative notice only.
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.
30 July 2021quarterly activities report▲ Good
June 2021 quarter: restates the Tanjung Enim POD 1 approval and Gross Split PSC signing on 17 June, and the Muralim extension to 7 May 2022. MU-005 twin is in production testing, with dewatering continuing. No new results beyond earlier announcements.
30 July 2021quarterly activities report● Neutral
Appendix 5B for June 2021: cash rose to $1.712m from $1.315m, helped by $693k from disposing of investments (likely Metalla shares, inference). Operating outflow was only $15k. Loan facilities of $3.144m from Globaltec subsidiaries are fully drawn, unsecured and repayable on demand.
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.
29 Apr 2021quarterly activities report● Neutral
March 2021 quarter: Tanjung Enim POD 1 approval is at the 'final stage', and the MU-005 twin well was spudded on 23 March. About 23,900 Metalla shares have been sold for roughly $0.3m; the remaining 443,830 are worth $5.4m. A one-year Muralim extension is expected.
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.
29 Jan 2021quarterly activities report● Neutral
December 2020 quarter: Tanjung Enim POD 1 and Gross Split approval still pending at the 'final stage'. Muara Enim discovery letter noted, and the Muralim MU005 twin-well workscope agreed with SKK Migas. Metalla shares are now worth about $6m and their sale embargo ends 29 January 2021.
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.
16 Oct 2020quarterly activities report● Neutral
September 2020 quarter: Fosterville royalty sale settled ($2m cash plus Metalla shares worth about $5.4m). Tanjung Enim POD approval is still at the 'final stage'. Muralim, now shown at 100%, is planning an MU005 twin well, with POD submission targeted by end May 2021.
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.
15 Sept 2020agm notice● Neutral
Letter to shareholders: the 2020 AGM will be a virtual meeting at 3pm AEDT on 16 November 2020, with the notice due 7 October. Administrative only, with no new business information.
30 July 2020quarterly activities report● Neutral
June 2020 quarter: effort again centred on Tanjung Enim Gross Split and POD 1 approval, described as at the final stage, with Covid-19 slowing progress. No new results, and it does not mention the gold royalty sale.
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.
30 Apr 2020quarterly activities report● Neutral
March 2020 quarter: the Muara Enim PSC got a one-year exploration extension to 19 January 2021. Tanjung Enim Gross Split and POD approval is described as at its final stage but still pending, and Covid-19 has slowed progress.
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.
30 Jan 2020quarterly activities report● Neutral
December 2019 quarter: Tanjung Enim Gross Split PSC and POD approval still pending, though government officials visited the site's wells on 18 December. A Muara Enim extension was requested on 29 November. No new results.
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.
