Past year: ▼ 14%(2.30c – 4.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Jan 2017quarterly activities report▲ Good
December 2016 quarter: Tanjung Enim pilot testing is being wrapped up for a reserves certification targeted this quarter. Drilling of well MU-004 began at Muralim, whose extension work deadline was moved to end-February 2017. Muara Enim II drill pad work is underway.
2 Dec 2016regulatory community update● Neutral
Muralim's six-year exploration period ended 2 December 2016. NuEnergy has applied to SKK Migas for the one-time four-year extension. Approval was not yet confirmed.
16 Nov 2016investor presentation● Neutral
AGM presentation recaps the six permits and existing resource estimates. Share price was A$0.035 with a market cap of about A$40m on 1,151m shares. Top holders are unchanged. No new results are visible.
31 Oct 2016quarterly activities report● Neutral
September 2016 quarter: Tanjung Enim pilot testing continues. Early talks began with SKK Migas and state utility PLN on gas sales for power. Drilling at Muralim and Muara Enim II is planned for late 2016 to meet permit work commitments.
29 Sept 2016annual report● Neutral
Annual report to 30 June 2016: loss of $2.36m, versus $26.4m the year before (which included impairment of exploration assets). Cash was $2.85m, down from $7.50m, and net assets $44.3m. The company has no revenue-generating assets and expects no dividend.
29 Sept 2016other● Neutral
Appendix 4G corporate governance statement lodged alongside the 2016 annual report, pointing to the company website. Administrative, with no new business information.
22 July 2016quarterly activities report▲ Good
June 2016 quarter: the last three Tanjung Enim pilot wells (TE-11, TE-13, TE-14) were drilled to 408-460 m, with up to 45 m of coal. Dewatering and production testing has started with 'encouraging' early indicators, ahead of a reserves booking.
27 Apr 2016quarterly activities report▲ Good
March 2016 quarter: drilling began on the 5-well Tanjung Enim pilot program, with TE-10 and TE-12 drilled to 399 m and 384 m. Logs show up to 47 m of coal. Three more wells follow, then dewatering and production testing, aimed at reserves booking.
7 Apr 2016director officer appointment● Neutral
Kee Yong Wah, an executive director since January 2015, becomes Deputy Executive Chairman from 7 April 2016, based in Jakarta. He has over 30 years in oil and gas services, including Halliburton. Chairman Kong Kok Keong is not stated to change.
15 Mar 2016half year report● Neutral
Half-year report to 31 December 2015 recaps Dart completion, Tanjung Enim core wells and production test, and Rengat drilling. KPMG is listed as auditor and 1,151,521,379 shares are on issue. Financial figures are not in the text provided.
29 Jan 2016quarterly activities report● Neutral
December 2015 quarter report covers Dart completion, the Tanjung Enim production test, Rengat and Muara Enim extensions and the $9.99m raising. A new Tanjung Enim pilot drilling campaign is being prepared, aiming for reserve booking in 2016. Largely repeats known events.
29 Jan 2016drilling result▲ GoodMajor
Rengat exploratory wells RE-03, RE-04 and RE-05 reached target depth. Further studies will map coal continuity. SKK Migas also extended the exploration period to 29 November 2019 for the 100%-owned permit, resolving the extension application.
29 Dec 2015capital raising announcement● Neutral
Shortfall shares allotted to underwriters, completing the entitlement offer. NGY now has 1,151,521,379 shares. Globaltec Energy Resources and New Century Energy Resources hold 27.72% each.
23 Dec 2015capital raising announcement▲ GoodMajor
Entitlement offer closed with acceptances for 246.8m new shares. The 153.1m shortfall will be taken up by the underwriters, so the offer raises $9,995,849 before costs, effectively fully subscribed.
9 Dec 2015other● Neutral
Notice that the offer document and entitlement forms were despatched to shareholders. Administrative, with the same terms as announced on 30 November.
3 Dec 2015regulatory community update▲ GoodMajor
SKK Migas granted the Muara Enim PSC a one-time four-year exploration extension to 29 November 2019. This keeps the permit (NGY 40%, operator) alive past its original six-year term.
1 Dec 2015other● Neutral
Notices mailed to eligible and ineligible shareholders about the entitlement offer. Holders outside Australia and New Zealand cannot take part. Administrative, repeating known terms.
30 Nov 2015capital raising announcement● Neutral
Offer document for the $10m entitlement offer at 2.5c (1 for 1.88), closing 18 December 2015. Repeats terms already announced, with risk factors and application details. No new substance.
30 Nov 2015investor presentation● Neutral
Investor presentation supporting the $10m entitlement offer. The visible text is only a cover letter and disclaimers, with no new information.
30 Nov 2015capital raising announcement● NeutralMajor
Partially underwritten entitlement offer to raise $10m at 2.5c, one new share for every 1.88 held, below the earlier 3c placements. Up to about 45% is underwritten by directors Kee and Goh and a Kong-controlled company. Funds target exploration and reserves certification.
27 Nov 2015regulatory community update● Neutral
Rengat PSC's six-year exploration period ended 29 November 2015. NGY has applied to SKK Migas for a one-time extension of up to four years; approval not yet granted at this date.
27 Nov 2015resource reserve update● NeutralMajor
Republished 2012 NSAI estimates for the acquired Dart PSCs, with no new work since. Tanjung Enim (45%) has 0.4 Tcf gas-in-place and contingent resources (2C 0.1 Tcf); Muralim (50%) has 1.4 Tcf gas-in-place and 0.7 Tcf best-estimate prospective. No estimates exist for Bontang-Bengalon or Bungamas.
25 Nov 2015investor presentation● Neutral
AGM presentation restating the Indonesian CBM portfolio, including the Dart PSCs, the Tanjung Enim production test and a pre-POD gas commercialisation strategy. It cites a combined 15 Tcf gas-in-place claim. Mostly repeats known facts.
23 Nov 2015asset acquisition disposition▲ GoodMajor
Dart Indonesia acquisition completed on 20 November 2015 after the final US$500,000 was paid, resolving the May 2015 conditional deal (US$1m total). Tanjung Enim exploration period extended four years to 3 August 2019. Resource estimates to be republished once NSAI consents.
23 Nov 2015auditor change● Neutral
Hall Chadwick resigned as auditor with ASIC consent on 17 November 2015. Directors appointed KPMG with immediate effect, subject to confirmation at the AGM. No reason for the resignation is given in the text.
20 Nov 2015flow test result▲ GoodMajor
Production testing began at the Tanjung Enim TE-01 and TE-02 wells after workovers. Gas appeared about 72 hours after dewatering started (TE-01 on 14 Nov, TE-02 on 18 Nov 2015). No flow rates given; the company says rates and permeability will be assessed over coming months.
30 Oct 2015quarterly activities report● Neutral
September 2015 quarter report repeats the Tanjung Enim results (40-49 m coal, 80-110 scf/ton) and the low economic significance of Rengat's first well. Dart Indonesia acquisition is still pending completion, and more drilling is planned next quarter.
8 Oct 2015drilling result● NeutralMajor
Three Tanjung Enim core wells hit target depth, with 40-49 m of coal and gas content of 80-110 scf/ton. Rengat's first well reached 495 m, but its targeted seams were of low economic significance, a setback for the 100%-owned permit.
24 Sept 2015other● Neutral
Corporate governance statement for the year to 30 June 2015, reporting compliance against ASX recommendations. It notes some are not followed, such as no board performance evaluation process and no skills matrix. Administrative.
23 Sept 2015annual report● Neutral
2015 annual report for the year to 30 June 2015, listing the board with Kong Kok Keong as chairman. The financial figures are not in the text provided.
