SYDNEY (Yosefardi) – ASX-listed NuEnergy Gas Limited has completed permeability testing program for Muara Enim Pilot Well $2 in South Sumatra, Indonesia.
The company has also commenced gas flaring and dewatering of the Muara Enim production sharing contract (PSC).
“Permeability was tested across all of the seams and the results, determined by the official Indonesian certifier PT Lemigas, demonstrated permeability ranging between 2.44 and 30.15 Md,” NuEnergy said Friday.
NuEnergy CEO Christopher Newport said the permeability results and gas flare provide the company further confidence that the project is progressing towards becoming a viable gas production site.
NuEnergu operates three PSCs for coal-bed-methane (CBM) in Indonesia.