How much capital did NuEnergy Gas (ASX:NGY) raise through its private placement?

NuEnergy Gas (ASX:NGY) secured firm commitments to raise approximately $3.1 million through a private placement. NuEnergy Gas (ASX:NGY) issued approximately 80.2 million new ordinary shares at an issue price of $0.038 per share to professional and sophisticated investors.

What are the key terms for the attaching options issued by NuEnergy Gas (ASX:NGY)?

NuEnergy Gas (ASX:NGY) is issuing approximately 40.1 million free attaching options on a 1-for-2 basis to placement participants.

How will NuEnergy Gas (ASX:NGY) allocate the proceeds from this capital raise?

NuEnergy Gas (ASX:NGY) will use the funds to support its Phase 1 early gas sales initiative targeting 1 million standard cubic feet per day at the Tanjung Enim plan of development.

Who managed the capital placement for NuEnergy Gas (ASX:NGY)?

Sequoia Corporate Finance Pty Ltd acted as the Lead Manager for the capital placement conducted by NuEnergy Gas (ASX:NGY).

What are the long-term production targets for NuEnergy Gas (ASX:NGY) at Tanjung Enim?

Following its Phase 1 target of 1 million standard cubic feet per day, NuEnergy Gas (ASX:NGY) plans to progress to Phase 2.

Energy

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NuEnergy Gas raises $3.1M for Indonesian gas

Escrito por Jon CuthbertPublished Sep 7, 2026, 5:44 AM

NuEnergy Gas secured firm commitments to raise $3.1 million via a share placement.
The placement shares were issued at $0.038 per share alongside attaching options.
Capital raised will fund early gas sales and progress production sharing contracts in Indonesia.

NuEnergy Gas (ASX:NGY) secured firm commitments to raise approximately $3.1 million through a private placement of 80.2 million shares.

The issue price of $0.038 per share represented a discount to the company's recent trading levels.

Subscribers receive one free attaching option for every two placement shares. The options have an exercise price of $0.06 each and expire on Sept. 10, 2028.

Following the announcement, the NuEnergy Gas share price was unchanged at $0.042.

Proceeds will fund Phase 1 early gas sales of 1 million standard cubic feet per day at Tanjung Enim.

The remaining funds will support progressing three additional production sharing contract areas towards development status.

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