NuEnergy Corporate Overview

FUNDAMENTALS FOR CBM IN INDONESIA For personal use only Aceh NuEnergy Significant coal and shale basins with estimated gas in place resources in excess of +1000 Tcf of CBM and +4000 Tcf of shale gas Well established open access gas pipeline infrastructure that connects PSCs to the undersupplied Sumatra, Singapore and Java markets. There are often under-utilised pipelines within meters or kilometers of drill sites the inventory of old wells connected to infrastructure will deliver substantial cost savings to operators in the appraisal process. The gas infrastructure is connected to as markets short on supply on a go forward basis by 1-2 Bcf per day. Prices in excess of LNG netback pricing without having to build an LNG plant - between $10 and $15 /mmbtu netback to the producer at the plant gate Robust well proven regulatory system which has been successfully worked with by super majors and minnows alike Medan Rengat PSC $150 Cament Oil Price $100 $200 North Sumatra Shale Gas-338 Tcf $150 $100 $50 $50 -Chevron Duri Gas Price (Crude linked) Singapore Gas Price (HSFO linked) Singapore 50 $0.00 $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 Gas Price (US$/mmbtu) Jambi ME & ME2 PSCs PAGARDEWA Gas Transmission Pipeline "HSFO: High Sulphur Fuel Oil Lampung Jakarta / Singapore gas market Gas price: 90% (115% HSFOA) +10% (inflation rate) - producer netback gas price circa US$15.00/mmbtu Chevron - Duri Steam flood gas market Gas Price: (75%-95% of Indonesian Crude Price)/BTU conversion factor- producer netback gas price circa US$15.00/mmbtu High Pressure Gas Transmission Pipeline (Open Access pipeline by regulation) West Java gas market Producer Netback Gas Price: US$6.50- US$12.00/mmbtu South Sumatra Shale Gas-964 Tcf CBM-375 Tcf Shale gas play CBM play East Kalimantan Central Sumatra Shale Gas-558 Tcf CBM-165 Tcf Shale Gas-1,723 Tcf CBM-496 Tcf West & East Java Shale Gas-722 Tcf CBM-56 Tcf West Papua Shale Gas-648 Tcf

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