Brief: Nuenergy Gas Updates On Bontang Bengalon Production Sharing Contract
26/08/2019 11:39
Aug 26 (Reuters) - Nuenergy Gas Ltd NGY.AX :
* UPDATE ON BONTANG BENGALON PRODUCTION SHARING CONTRACT
* GOT NOTICE OF TERMINATION FROM INDONESIA MINISTER OF
ENERGY AND
MINERAL RESOURCES THROUGH SKK MIGAS
* CONTRACT WAS TERMINATED ON GROUNDS OF NON-DISCOVERY OF
COAL BED
METHANE AT END OF 6TH CONTRACT YEAR
* NO OPERATIONAL IMPACT TO COMPANY AFTER TERMINATION
* NUENERGY WILL SEND A RESPONSE TO THIS NOTICE AND APPEAL TO
GOVERNMENT OF INDONESIA
Source text for Eikon: ID:nASX4PL41L
Further company coverage: NGY.AX
((Reuters.Briefs@thomsonreuters.com;))
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