Welcome to NuEnergy Capital Limited
NuEnergy Capital Limited is an energy company listed on the Australian Securities Exchange ("NGY") with offices in Melbourne, Australia and in Jakarta, Indonesia. It is also listed on the Frankfurt market ("NUB").
The Company aims to become a meaningful Coal Bed Methane (“CBM”) producer in Indonesia. It is currently building a portfolio of targeted acreage in Indonesia that has excellent potential for CBM production.
This acreage was specifically targeted commencing around three years ago. The area has been mapped for its coal bed potential based on previously drilled oil/gas wells and seismic data.
The acreage will firstly be subject to a pilot hole exploration/appraisal drilling and pressurized coring programme to assess the reservoir characteristics of the coal beds and hence their gas production attributes.
Should this pilot programme be successful, the company aspires to becoming one of the top tier producers of coal bed methane in Indonesia within the next 5 years. It is anticipated that any gas discovered will quickly find a market given the undersupply of domestic gas throughout Indonesia.
The company will continue to seek out and acquire other CBM acreage and possibly conventional gas opportunities in Indonesia and in the SE Asian region with the goal of establishing a production base as soon as possible.