NuEnergy seeks extension of Rengat PSC exploration period

By Romel S. Gurky

ASX-listed NuEnergy Gas Limited provided Friday update on the initial term of the exploration period for the Rengat PSC located in Central Sumatra for a period of six years commencing from November 30, 2009 that will end on November 29, 2015.

?The company has made an application to Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (upstream oil and gas regulator SKK Migas) to apply for a one time extension for an additional maximum period of four years,? NuEnergy said in a statement.

Rengat PSC covers 2,395km2 of Central Sumatra Basin and lies in between prolific oil and gas concessions (located in the Central Sumatra Basin in the vicinity of a major gas pipeline from Jakarta to the Chevron Duri Steam Flood project and related infrastructure). NuEnergy has a 100 percent working interest in Rengat PSC and is the operator of the PSC.

Editing by Reiner Simanjuntak