NuEnergy Gas Limited announced that it has received an advance notice of a virtual ceremony to be conducted on 17 June 2021, during which it is proposed that the Indonesian Government through its agency, the Special Task Force for Upstream Oil and Gas Business Activities, will grant the approval for the Plan of Development 1 under a Gross Split scheme in Coal Bed Methane development at the company's Tanjung Enim Block in South Sumatra. This event will mark the first grant of a Plan of Development for CBM in Indonesia along with the first implementation of a Gross Split based contract for the CBM industry in Indonesia. The company has played an integral part in arriving at this position through numerous discussions and consultations with the Indonesian authorities over an extended period of time. With the approval, it represents an evolution from an exploration to a development phase for the company's Tanjung Enim PSC. This will be the first commercial CBM project in Indonesia and it also lays the foundation for the industry to address the increasing energy gap in Indonesia with this new clean energy source. This long-term project is not only expected to address the concern in the declining supply of conventional oil and gas, but will also create substantial employment opportunities for local communities and expand the businesses within the supply chain.