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NuEnergy Gas Limited (ASX:NGY)

ALERT: Price-sensitive ASX Announcement for NGY
Current share price for NGY : $0.038 0 (0%)+
Announcement
Release
28 Apr 2026 2:29PM
Price at Release
$0.038
Full Release
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Summary
NuEnergy Gas Limited's quarterly cash flow report for the period ending 31 March 2026 highlights a decrease in net cash from operating activities by $1,513,000, with no cash flow from investing activities. However, a net inflow of $3,427,000 was achieved through financing activities. The cash balance decreased to $1,053,000. Unsecured loans from subsidiaries of the parent company support exploration activities. Key developments include the Tanjung Enim Production Sharing Contract in Indonesia, with a significant gas sales agreement established. NuEnergy anticipates future cash inflows from commercial gas sales and is evaluating additional capital raising options to sustain operations.
Key Points
  • NuEnergy Gas Limited's quarterly cash flow report for the period ending 31 March 2026 shows a net cash decrease in operating activities of $1,513,000.
  • No cash flow is reported from investing activities during the quarter.
  • Financing activities resulted in a net cash inflow of $3,427,000 from equity securities.
  • The company's cash balance at the end of the period is $1,053,000, down from $2,560,000 at the beginning of the period.
  • NuEnergy has an unsecured loan agreement with PT Indotech Metal Nusantara and AIC Corporation Sdn Bhd, both subsidiaries of the parent company, to fund exploration activities.
  • The Tanjung Enim Production Sharing Contract in Indonesia is progressing with a gas sales agreement signed for 1 MMSCFD with PT Perusahaan Gas Negara.
  • NuEnergy expects future cash inflows from commercial gas sales beginning in 2026.
  • The company is monitoring cash flows closely and plans to raise additional capital if necessary.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.