NuEnergy Corporate Overview

PROGRESS OF INDONESIAN CBM INDUSTRY TO DATE NuEnergy The most active CBM exploration operators in Indonesia are: - - - - NuEnergy Dart Energy Ephindo Medco PERTAMINA Santos Vico No commercial development thus far but close...... Santos is currently undertaking a major appraisal program For personal use only. Three CBM Pilot projects active in South Sumatra and two in East Kalimantan - NuEnergy Ephindo/Medco - Dart - Vico Muara Enim PSC South Sumatra Sukayu PSC South Sumatra Tanjung Enim PSC South Sumatra Sangatta PSC East Kalimantan Sanga Sanga PSC East Kalimantan No active Shale gas exploration at this stage - the resource is thought often to be too young/too shallow but perhaps the higher thermal gradient in Indonesia may mitigate this issue.... 8

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