NuEnergy Gas Limited
Intrasia Capital is a substantial shareholder in NuEnergy Gas Limited (NuEnergy Gas), an energy company listed on the Australian Securities Exchange (ASX:NGY) and on the Frankfurt Stock Exchange (FRA:NUB).
NuEnergy Gas is an emerging Indian Ocean rim unconventional gas company with an immediate focus on Indonesia and Tanzania. The company’s overall strategy is to rapidly prove up CBM and Shale gas resources and bring these resources to production through small scale power generation and connection to the local gas grid.
NuEnergy Gas has secured strategically located CBM and shale gas concessions in areas that are short of power supply, where there is a significantly undersupplied gas market and/or where there is abundant gas and power infrastructure to take gas or power to market.
NuEnergy Gas has three operated PSC’s in Indonesia and two operated CBM & shale gas Joint Ventures in Tanzania. The company has a significant 2012 exploration and pilot testing program underway with 9 core wells and 2 pilot wells planned for Indonesia and 1 core well planned for Tanzania.