Brief: Nuenergy Gas Signs Agreement With Saujana E&P
02/04/2019 24:08
April 2 (Reuters) - Nuenergy Gas Ltd NGY.AX :
* SIGNS INVESTMENT AGREEMENT WITH SAUJANA E&P TO FUND
INDONESIAN
COAL BED METHANE PRODUCTION SHARING CONTRACT PROGRAMS
* SAUJANA E&P IS TO PAY $7 MILLION DEPOSIT TO COMPANY WITHIN
14
BUSINESS DAYS FROM EXECUTION OF AGREEMENT
* SAUJANA E&P TO TAKE UP A STRATEGIC INVESTMENT IN CO VIA A
SHARE
PLACEMENT WITH A TOTAL SUBSCRIPTION VALUE OF $38.5 MILLION
* SAUJANA E&P'S INVESTMENT IS FOR 1.54 BILLION SHARES OR 51%
SHARE
CAPITAL OF CO
Source text: (https://bit.ly/2TPQeR5)
Further company coverage: NGY.AX
(Reuters.Briefs@thomsonreuters.com)
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