NuEnergy Gas Limited Reports Earnings Results for the Half Year Ended December 31, 2021

NuEnergy Gas Limited is an Australia-based independent clean energy company. The Company is primarily involved in the exploration, appraisal, and development of hydrocarbons with a primary focus on unconventional gas on coal seam gas, also known as coal bed methane (CBM). The Company operates coal bed methane (CBM) Production Sharing Contracts (PSCs), such as Tanjung Enim PSC, Muara Enim PSC, and Muralim PSC. The Tanjung Enim PS is located approximately 50 kilometers and 130 kilometers from the industrial cities of Prabumulih and Palembang, respectively. The Muara Enim PSC is located about 45-60 kilometers and 100-120 kilometers from the industrial cities of Prabumulih and Palembang. The Muralim PSC is Located about 70 kilometer and 140 kilometer from the industrial cities of Prabumulih and Palembang respectively. Its subsidiaries include Dart Energy (Tanjung Enim) Pte Ltd, PT Trisula CBM Energi, and Dart Energy (Muralim) Pte Ltd.