We wish to announce that NuEnergy Gas Limited (“NuEnergy”), a subsidiary of GFB which is listed on the Australian Securities Exchange (“ASX”) has today announced on ASX, the successful completion of drilling for the TE-B06-003 well within its Tanjung Enim Production Sharing Contract (“PSC”) Plan of Development 1 (“Tanjung Enim POD 1”) contract area, in South Sumatra, Indonesia. The TE-B06-003 well is the third of four planned coal bed methane (“CBM”) wells under NuEnergy’s early gas sales initiative, which targets initial gas sales of 1 million standard cubic feet per day (“mmscfd”) and represents Indonesia’s first commercial CBM development. Gas shows were observed at surface via surface logging equipment, confirming the presence of methane across multiple seams. Consistent with the first and second wells, NuEnergy has successfully installed a Progressive Cavity Pump (‘PCP’) system at this TE-B06-003 well site. This installation represents a critical step in advancing towards stable gas production and optimizing well performance.
Gas will be gathered at the surface facility and delivered to the gas processing facility upon reaching target production levels.
Further details are enclosed in the attached announcement made by NuEnergy.
This announcement is dated 12 August 2025.