NuEnergy Gas Ltd. referred to its announcement dated Nov. 23 regarding completion of the Acquisition of Dart Energy (Indonesia) Holdings Pte Ltd. (DEIH). The Company now owns the former DEIH Production Sharing Contracts (PSC) assets, which include:
Tanjung Enim (45 percent participation) – South Sumatra
Muralim (50 percent participation) – South Sumatra
Bontang-Bengalon (100 percent participation)
Bungamas (Joint Evaluation)
The resource estimates and accompanying information in this announcement are taken from the most recent Technical Evaluation Report (Report) on the former DEIH Tanjung Enim and Muralim PSC that is based on, and fairly represents, information and supporting documentation as of July 31, 2012 prepared by Netherland, Sewell & Associates, Inc. (NSAI) dated Nov. 30, 2012.