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How NuEnergy’s $3.5m Raise Fuels Indonesian Gas Production Breakthrough

8:32am on Wednesday 11th of March, 2026 AEDT Energy
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How NuEnergy’s $3.5m Raise Fuels Indonesian Gas Production Breakthrough

8:32am on Wednesday 11th of March, 2026 AEDT
Key Points
  • Completion of four wells targeting 1 MMSCFD gas production at Tanjung Enim PSC
  • Binding Gas Sales and Purchase Agreement signed with Indonesia’s PT Perusahaan Gas Negara
  • Collaboration agreement with PT Beijing Energy Linking to finance full-scale development
  • Raised approximately $3.5 million through a partially underwritten entitlement offer
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