Nu Energy Ltd to Assess its Gas Resources in Indonesia

NuEnergy Ltd and Netherland Sewell and Associates International (NSAI) plan to generate an independent report pertaining to the prospective and contingent gas resources of the company in Indonesia, the company said earlier this month.

In August last year, the company signed a joint operating agreement with Pertamina. NuEnergy began drilling at its Muara Enim PSC last year in November.

Early results from the first well at Muara Enim point to a total of 38.2 metres of coal with one continuous coal seam of 19 metres.

The Muara Enim and Muara Enim II PSCs are located in South Sumatra. Together they comprise a combined area of 1,861 km2. Estimated gas resources are about 4.6 TCF.