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NuEnergy Gas Limited
(Sydney:NGY)
NuEnergy Gas Limited (NGY) vs. iShares MSCI Australia ETF (EWA)
NuEnergy Gas Limited Business Overview & Revenue Model
NuEnergy Gas Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -27.68K |
| EBITDA | -474.22K | 0.00 | -480.00K | -642.00K | -1.23M | 6.98M |
| Net Income | -941.12K | -941.12K | -807.00K | -1.04M | -1.91M | 6.66M |
Balance Sheet | ||||||
| Total Assets | 48.84M | 48.84M | 42.43M | 43.51M | 42.69M | 40.53M |
| Cash, Cash Equivalents and Short-Term Investments | 2.43M | 2.43M | 145.79K | 2.04M | 4.13M | 6.18M |
| Total Debt | 5.28M | 5.28M | 4.86M | 4.56M | 4.15M | 3.56M |
| Total Liabilities | 16.90M | 16.90M | 16.15M | 16.15M | 15.52M | 14.24M |
| Stockholders Equity | 31.52M | 31.52M | 25.86M | 26.94M | 26.75M | 26.16M |
Cash Flow | ||||||
| Free Cash Flow | -3.03K | -3.03K | -1.66M | -2.07M | -1.47M | -1.86M |
| Operating Cash Flow | -603.00 | -603.00 | -234.87K | -700.26K | -276.27K | -700.99K |
| Investing Cash Flow | -3.05M | -3.05K | -1.06M | -1.37M | 2.04M | 1.56M |
| Financing Cash Flow | 5.94M | 5.94K | 0.00 | 2.06M | -1.76M | 578.23K |
NuEnergy Gas Limited Technical Analysis
NuEnergy Gas Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$71.86M | 13.19 | 19.97% | ― | 58.52% | 74.07% | |
66 Neutral | AU$55.70M | 7.12 | 21.06% | ― | 17.42% | -38.46% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | AU$39.46M | 8.42 | 4.81% | ― | 53.56% | -67.96% | |
48 Neutral | AU$71.00M | -61.67 | -3.35% | ― | ― | -20.00% | |
44 Neutral | AU$30.02M | -8.18 | -13.99% | ― | ― | ― | |
40 Underperform | AU$51.50M | -8.48 | -28.51% | ― | ― | ― |
NuEnergy Gas Limited Corporate Events
NuEnergy Gas Limited has completed all four planned wells under its 1 MMSCFD Early Gas Sales Initiative at the Tanjung Enim PSC in South Sumatra, marking the first phase of a broader 25 MMSCFD development program. Dewatering and gas flaring operations have commenced, confirming coal bed methane across multiple seams and progressing towards first gas sales expected in the first half of FY26 under a binding gas sales and purchase agreement with PT Perusahaan Gas Negara, a leading Indonesian gas distributor. The company also signed a collaboration agreement with PT Beijing Energy Linking, under which the partner will finance 100% of the full-scale 25 MMSCFD POD 1 field development at a capped contract price to be repaid from future gas sales, and completed a partially underwritten entitlement offer raising approximately $3.5 million to support the Tanjung Enim initiative and other PSCs, underscoring a significant step in commercialising its CBM portfolio and strengthening its position in Indonesia’s domestic gas supply chain.
The most recent analyst rating on (AU:NGY) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on NuEnergy Gas Limited stock, see the AU:NGY Stock Forecast page.
NuEnergy Gas Limited has signed a collaboration agreement with PT Beijing Energy Linking (PT BJEL), under which PT BJEL will be appointed lead EPCC contractor and will finance 100% of the field development for NuEnergy’s Tanjung Enim and Muralim CBM projects in South Sumatra, subject to final EPCC contracts. The arrangement, focused initially on Tanjung Enim Plan of Development 1, will see development costs repaid from future gas sales and covers drilling, surface facilities, pipelines and commissioning to ramp production from around 1 MMSCFD to a targeted 25 MMSCFD, effectively fully funding NuEnergy’s transition to full-scale gas output and accelerating project execution with the backing of major clean-energy players Beijing Energy International and Envision Group.
The most recent analyst rating on (AU:NGY) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on NuEnergy Gas Limited stock, see the AU:NGY Stock Forecast page.
NuEnergy Gas Limited has signed a binding Gas Sales and Purchase Agreement with PT Perusahaan Gas Negara Tbk for the sale of coal bed methane from its Tanjung Enim Plan of Development. This agreement, expected to commence gas sales in the first half of 2026, aligns with Indonesia’s energy transition goals by contributing to the domestic gas supply chain and reducing import reliance. The project, strategically located near key economic regions, marks Indonesia’s first commercial-scale CBM development and is set to enhance energy resilience and economic growth.
NuEnergy Gas Limited has announced the quotation of 138,293,481 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective November 28, 2025. This move is part of previously announced transactions and is expected to enhance the company’s liquidity and market visibility, potentially impacting its operational capabilities and stakeholder interests positively.
NuEnergy Gas Limited has successfully completed its Non-Renounceable Pro-Rata Entitlement Offer, raising $3,457,337 through the issuance of 138,293,481 new shares at an issue price of $0.025 each. This capital raising effort increases the company’s total ordinary shares on issue to 1,918,998,927, potentially enhancing its financial stability and capacity to further its operations in the unconventional gas sector.
NuEnergy Gas Limited held its Annual General Meeting on November 17, 2025, where all proposed resolutions were passed. Key resolutions included the adoption of the remuneration report, the re-election of directors Kong Kok Keong and Goh Tian Chuan, and the approval of the issuance of equity securities under ASX Listing Rule 7.1A. These decisions reflect the company’s ongoing commitment to governance and strategic growth, potentially impacting its market positioning and shareholder value.
NuEnergy Gas Limited has released a presentation for its Annual General Meeting, highlighting its focus on coalbed methane as an ESG-linked energy source. The company aims to contribute to regional energy transition and domestic energy security. The release emphasizes the inherent uncertainties in forward-looking information and the company’s commitment to maintaining transparency with stakeholders.
NuEnergy Gas Limited has completed drilling and well completion for the TE-B01-003 well in its Tanjung Enim Production Sharing Contract area in South Sumatra, Indonesia. This well is the last of four planned coal bed methane wells under the company’s early gas sales initiative, targeting initial gas sales of 1 million standard cubic feet per day. The successful completion of this well, along with the installation of a Progressive Cavity Pump system, marks a significant step towards monetizing NuEnergy’s CBM assets and delivering cleaner energy to Indonesia’s gas market. The gas will be delivered to PT Perusahaan Gas Negara Tbk’s processing facility, advancing NuEnergy’s strategy to become a significant player in Indonesia’s clean energy industry.
NuEnergy Gas Limited has announced the dispatch of documents related to a non-renounceable pro-rata entitlement offer to its shareholders. This move is part of the company’s strategy to raise capital, potentially impacting its financial standing and providing opportunities for stakeholders to increase their investment in the company.
NuEnergy Gas Limited has announced a partially underwritten non-renounceable pro-rata entitlement offer to raise approximately $4.62 million. This offer, which allows shareholders to purchase 2 new shares for every 19 shares held at an issue price of $0.025, is set to close on November 21, 2025. The capital raised is expected to support the company’s ongoing projects and strengthen its financial position, potentially enhancing its competitiveness and operational capabilities in the unconventional gas industry.
NuEnergy Gas Limited has announced a non-renounceable pro-rata entitlement offer to raise up to $4.62 million, with Global Energy Resources Sdn Bhd underwriting 68.60% of the offer without charging a fee. The underwriting agreement includes several termination conditions, such as adverse changes in the company’s financial position or legal issues. The board considers the terms favorable and does not require shareholder approval, indicating a strategic move to strengthen the company’s financial position and support its growth plans in the Indonesian energy market.
NuEnergy Gas Limited has announced a pro rata non-renounceable entitlement offer to raise approximately $4.62 million. This offer, partially underwritten by its major shareholder Global Energy Resources Sdn Bhd, allows eligible shareholders to subscribe for new shares, potentially increasing GER’s control depending on shareholder participation.
NuEnergy Gas Limited has announced a non-renounceable pro-rata entitlement offer to raise up to $4.62 million, partially underwritten by its major shareholder, Global Energy Resources Sdn Bhd. The funds will support NuEnergy’s early gas sales initiative, with the entitlement offer providing existing shareholders the opportunity to contribute to the company’s growth. This move aligns with NuEnergy’s strategic plan, following the approval of its first plan of development for the Tanjung Enim production sharing contract in Indonesia. This development marks a significant milestone as it represents the first CBM plan of development in Indonesia, aiming to produce 25 million standard cubic feet per day of gas. The initiative targets the underserved market in South Sumatra, promoting a shift from non-environmentally friendly fuels to cleaner energy solutions.
NuEnergy Gas Limited’s quarterly cash flow report for the period ending September 30, 2025, reveals a net cash outflow from operating activities amounting to $21,000, primarily due to administration and corporate costs. The company also reported a significant cash outflow of $1.963 million from investing activities, attributed to exploration and evaluation expenditures. These financial movements indicate ongoing investment in exploration efforts, which could impact the company’s liquidity and future operational capabilities.
NuEnergy Gas Limited has completed the drilling of three wells as part of its Early Gas Sales Initiative at the Tanjung Enim PSC in South Sumatra, Indonesia, aiming for initial gas sales of 1 million standard cubic feet per day. The initiative marks the first phase of a broader production plan, with gas flaring commenced to establish flow rates. The Indonesian Ministry of Energy and Mineral Resources has approved the gas allocation, allowing NuEnergy to proceed with formalizing the Gas Sales and Purchase Agreement with PT Perusahaan Gas Negara, enhancing the company’s operational and commercial positioning in the region.