Posted by laulau > 2018-01-19 09:45 | Report Abuse

LEMIGAS CBM reserves certification :-
1) The LEMIGAS CBM reserves certification confirms the reserves for the POD target development
areas concentrated in the North (Area A) and South (Area B) area of the PSC covering a total
acreage of 33 km2.
2) The LEMIGAS CBM reserves certification is one of the compulsory and required processes for
the POD submission in Indonesia.
3) The LEMIGAS CBM reserves certification has been prepared based on the most known standard integrated approaches of geological, geophysical and engineering methods which are generally accepted in the CBM industry and oil and gas industry in Indonesia.

NuEnergy Gas Limited (ASX:NGY) (“NuEnergy” or “the Company”) refers to the announcement
titled “Indonesian CBM Reserves Certification for the Tanjung Enim PSC Initial POD” lodged on the
platform on 15 January 2018.

The Company would like to clarify that the CBM reserves certification is one of the compulsory and
required processes for the POD submission in Indonesia that must be administered by an Indonesian government accredited agency such as LEMIGAS.

The CBM reserves certification covers the POD target development areas that has been identified
in the north (Area A) and south (Area B) area of the Tanjung Enim Production Sharing Contract
(“PSC”) covering 33 km2 that will form the basis of the overall POD proposal to be submitted to the
Indonesia Ministry of Energy and Mineral Resources for approval.

Quote"
Milestones:
1. Tanjung Enim PSC, South Sumatra - SKK Migas approval for the POD preparation:
The Energy segment will work closely with SKK Migas on the POD preparation with the objective to submit the POD proposal to the Indonesia Ministry of Energy and Mineral Resources through the Head of SKK Migas before the end of 2017 with POD approval anticipated by end of the first half of 2018.

The 2 partners, PT Pertamina and PT Bukit Asam, 2 leading state owned energy and resources companies, have both given their full commitment to the POD preparation and the long term development of the PSC. The initial POD plans covers an area 16 km2 and involves the drilling of 100 wells with an estimated gas value of US$430 million/ RM1,720 million.

(If the Initial POD plans covers an area 16 km2 and involves the drilling of 100 wells with an estimated gas value of US$430 million/ RM1,720 million now the estimate gas value should be doubled? The CBM reserves certification covers the POD target development areas that has been identified in the north (Area A) and south (Area B) area of the Tanjung Enim Production Sharing Contract (“PSC”) covering 33 km2 that will form the basis of the overall POD proposal to be submitted to the Indonesia Ministry of Energy and Mineral Resources for approval."

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5669773

Posted by laulau > 2018-01-19 09:57 | Report Abuse

Well all is well...after LEMIGAS CBM Gas Reserves Certification (Confirmation of discovery of CBM gas Reserves). The following milestones is already on track...

Milestones:
1. Tanjung Enim PSC, South Sumatra - SKK Migas approval for the POD preparation:
The Energy segment will work closely with SKK Migas on the POD preparation with the objective to submit the POD proposal to the Indonesia Ministry of Energy and Mineral Resources through the Head of SKK Migas before the end of 2017 with POD approval anticipated by end of the first half of 2018.

The 2 partners, PT Pertamina and PT Bukit Asam, 2 leading state owned energy and resources companies, have both given their full commitment to the POD preparation and the long term development of the PSC. The initial POD plans covers an area 16 km2 and involves the drilling of 100 wells with an estimated gas value of US$430 million/ RM1,720 million.

2. Glotec/ NuEnergy has executed a MOU with PT Pertamina Gas (“Pertamina Gas”) to explore the supply of CBM gas from the Tanjung Enim PSC to Pertamina Gas for distribution to consumers in Sumatra.

"Pertamina Gas is a subsidiary of PT Pertamina, a state owned oil and gas conglomerate and one of our joint venture partner for the Tanjung Enim PSC. Pertamina Gas has a focus in midstream and downstream gas industry of Indonesia with its primary activities in gas trading, gas transportation, gas processing and gas distribution and other businesses related to natural gas and their inheritance products.

This MOU is an important step for the Energy segment to progress on its POD and for the negotiation of the Gas Sales and Supply Heads of Agreement to agree on the main commercial terms including volume, supply period, supply volume and gas price."

Posted by jasontan1177 > 2018-01-19 10:51 | Report Abuse

i was wondering why today announcement need to suspend glotec for trading.

this company secretary no job to do ah ?

Posted by jasontan1177 > 2018-01-19 11:04 | Report Abuse

glotec received resource certification , this prove that now glotec has gas assets .

3. Production/Gas Sales - Initial POD sales of 12 MMSCFD for 10 years. Estimated total revenue of ~ US$ 430 Million or RM 1,720 Million.


why the price not yet moving out ?

Posted by jasontan1177 > 2018-01-19 11:05 | Report Abuse

selling gas is a matter of time. glotec got gas assets now. the price should move up

Posted by ikah > 2018-01-19 11:37 | Report Abuse

now is accumalation period...

Posted by laulau > 2018-01-19 12:16 | Report Abuse

Agreed...accumulate while still cheap (just like Sumatec earlier) as the risks are low (currently only +- 0.5 sens) but the gains can be easily 100%.....

Glotec will be making more announcements soon since Gas Reserves Assets already confirmed by LEMIGAS ...Production/Gas Sales - Initial POD sales of 12 MMSCFD for 10 years. Estimated total revenue of ~ US$ 430 Million or RM 1,720 Million?

Posted by xyxy8 > 2018-01-19 13:49 | Report Abuse

please tell people when you sell the gas or whatever you have so that our stock price go up and up.
thank you so very much.

Posted by kirawang > 2018-01-19 13:53 | Report Abuse

Have they started selling gas ady?

Posted by xyxy8 > 2018-01-19 14:30 | Report Abuse

no sell, only sign contract and take certificate. no use - share price no up. so sad...

Posted by laulau > 2018-01-19 16:01 | Report Abuse

Other than selling Gas...Glotec can do other things to monetize their confirmed Gas Assets:

1. Sell a % of this Gas Assets to interested parties/ investors to generate immediate revenue.
2. Do an off market sale of Glotec/NuEnergy shares to prominent investors e.g. like Priceworth from a low of 9 sens shoots up to a max of 32 sens after the announcement of Rashid Hussein becomes a substantial shareholder.

Let's see what Glotec will do next? Maybe to get a Billionaire like TSVT to invest?

Posted by Roy Cheong > 2018-01-19 16:40 | Report Abuse

Suspend market to make it more of a surprise :). Bravo Bravo.

Posted by jasontan1177 > 2018-01-19 17:24 | Report Abuse

Is there anything surprise on today announcement ?
I feel surprise because small announcement also need to suspend counter.

No job to do ?

Posted by shuenn > 2018-01-19 20:11 | Report Abuse

becoz glotec addicted to suspend, so loving it...... one week twice

Posted by freddiehero > 2018-01-19 20:27 | Report Abuse

not yet fly?

Posted by xyxy8 > 2018-01-19 21:15 | Report Abuse

hope glotec listen to laulau. am tired to see glotec so cheap cheap.

Posted by nekosan > 2018-01-19 23:44 | Report Abuse

guys I think need 6-12 months for the price to move forward. you are investing in a business not in casino

Posted by ktsk88 > 2018-01-20 12:34 | Report Abuse

Posted by xyxy8 > Jan 19, 2018 02:30 PM | Report Abuse

no sell, only sign contract and take certificate. no use - share price no up. so sad..

The price of the share already up 50& from 4sen/4.5sen to current 6sen.

Posted by ktsk88 > 2018-01-20 12:42 | Report Abuse

Glotec will be making more announcements soon since Gas Reserves Assets already confirmed by LEMIGAS ...Production/Gas Sales - Initial POD sales of 12 MMSCFD for 10 years. Estimated total revenue of ~ US$ 430 Million or RM 1,720 Million?

If they dispose the asset for a conservative 500 mil that work out to be worth +-10sen/share instead of going on with the supply to the govt for the next 10 years then continue exploring and developing the other assets within the vicinity..))

Posted by laulau > 2018-01-20 15:12 | Report Abuse

Btw you are right...we are investing in a biz & not casino ...chances of getting 50~100% returns within 2~6 months with Glotec is very much better than FD at even 3.5% per annum..If want fast returns...go for Hengyuan...can up or down as much as RM2.30 in one day... :)

Posted by GoodBoy > 2018-01-20 15:43 | Report Abuse

I m getting very high whenever I think of the huge potentials of Glotec ... Be patience ... The sky is clear with beautiful rainbow ... just waiting for beautiful fireworks ... cheers ...

Posted by abanglongpekida30 > 2018-01-20 19:21 | Report Abuse

But before that netx to fly next week

Posted by limkokthye > 2018-01-20 22:47 | Report Abuse

buy

Posted by nekosan > 2018-01-21 01:31 | Report Abuse

next week won't fly yet sorry

Posted by laulau > 2018-01-21 12:05 | Report Abuse

Accumulate while it's still cheap...Remember other than O&G, Glotec also has Palm Oil & Automotive business...as a components supplier to Geely/Proton & high Palm Oil prices...profitability is improving and should be indicated in the coming quarter's results around CNY...

Posted by jasontan1177 > 2018-01-22 07:30 | Report Abuse

2016 dec already said doing pod preparation . Till now 2018 jan. Not yet complete ?


Still got how many excited steps to be achieved before can sell gas ?

Pod preparation take more than 1 years n yet to be done.

Pod development estimate need 1 year too. May be need 1.5 years or two years for pod development.

So 2020 can sell gas ?

Posted by ktsk88 > 2018-01-22 10:14 | Report Abuse

Posted by jasontan1177 > Jan 22, 2018 07:30 AM | Report Abuse

2016 dec already said doing pod preparation . Till now 2018 jan. Not yet complete ?


Still got how many excited steps to be achieved before can sell gas ?

Pod preparation take more than 1 years n yet to be done.

Pod development estimate need 1 year too. May be need 1.5 years or two years for pod development.

So 2020 can sell gas ?

Please read the latest news on gas supplied........the next quarter will starts selling.....not 2020.

Posted by GoodBoy > 2018-01-22 11:43 | Report Abuse

Glotec will move up gradually ... be patience ... cheers ...

Posted by kirawang > 2018-01-22 16:32 | Report Abuse

syndicates still collecting lah

Posted by ikah > 2018-01-22 16:49 | Report Abuse

@kira wang- how u know ..

Posted by xyxy8 > 2018-01-22 19:05 | Report Abuse

laulau - you do know a lot of good things about glotec. why the share price stuck like that - 4sen to 6 sen?

Posted by freddiehero > 2018-01-22 22:52 | Report Abuse

show me ur power b4 cny...

Posted by laulau > 2018-01-22 23:12 | Report Abuse

Thxs for the answer...

traderman 4 cent to 6 cent is 50% increase. now, you cant even get 0.055

the next phase will be the accumulation phase by investors and syndicates alike...just like what happened to Sumatec earlier...which also had high volume of turnover...but stuck at 0.055-0.6 for some time...until it suddently doubled up to 0.115 recently....so patience is a virtue...

https://klse.i3investor.com/servlets/stk/chart/1201.jsp

Posted by GoodBoy > 2018-01-23 10:10 | Report Abuse

Be patience ... Glotec will move up when the time is up ... cheers ...

Posted by GoodBoy > 2018-01-24 10:32 | Report Abuse

We need a lot of patience for this counter ... cheers ...

Posted by maya1301 > 2018-01-24 13:24 |

Post removed.Why?

Posted by Skng Keong > 2018-01-24 19:35 | Report Abuse

How patience need to wait???
4 years+ enough or not....

Posted by Skng Keong > 2018-01-24 19:51 | Report Abuse

Musang only Ayam Tua miss the old lady !!!!.....

Posted by Xinghe > 2018-01-24 20:44 | Report Abuse

Ayam Tua takut Crap Tree punya mulut. He bad mouth every where.

Posted by Skng Keong > Jan 24, 2018 07:51 PM | Report Abuse
Musang only Ayam Tua miss the old lady !!!!.....

Posted by kirawang > 2018-01-25 09:50 | Report Abuse

As long there's no sales price will not go up

Posted by GoodBoy > 2018-01-25 16:53 | Report Abuse

Good things come to those who believe ... Better things come to those who wait ... Best things come to those who don't give up ... cheers ...

Posted by ikah > 2018-01-25 18:14 | Report Abuse

bad things always come to those give up, better dont give up...

Posted by flyby > 2018-01-26 09:26 | Report Abuse

My estimate value of TEPPP is USD6,800 million over 10years. Annualised is 680 million a year. Assuming 50% error, value is 340 million a year, or RM1,300 million a year.

My friends, our 5sen company is sitting on this asset. This asset is only 20%-30% of their total CBM asset.

Interesting position we're in. Should we sit on our hands and watch, or should we scream and shout and scratch between the legs. I don't know.

What I know is, that it's better not to do anything if we don't know what to do.

Posted by GoodBoy > 2018-01-26 09:28 | Report Abuse

Good things come to those who believe ... Better things come to those who wait ... Best things come to those who don't give up ... cheers ...

Posted by derrickinvestor > 2018-01-26 10:32 | Report Abuse

this lan chiao counter still no power after so many years...

Posted by GoodBoy > 2018-01-26 11:21 | Report Abuse

When this 'Gunung berapi meletup' will shake the world ... the time will come ... cheers ...

Posted by GoodBoy > 2018-01-26 12:19 | Report Abuse

Anyone wonder why Indonesia join OPEC again ? ... hahaha ... cheers ...

Posted by mzm81 > 2018-01-26 12:28 | Report Abuse

because of saudi and incoming ipo

Posted by maya1301 > 2018-01-27 19:43 | Report Abuse

BUY!!! BUY!!! BUY!!!
DONT SCARED JUST BUY!!!
HUAAATTTTT!!!!!!!

Posted by jasontan1177 > 2018-01-29 08:53 | Report Abuse

Nov Dec 2016 already work on submiting POD . worked almost 1 years and 5 month.

still perparing POD..PK management. 2019 can sell gas ? you sure ? or 2020 ?