The logic says buy and buy this fantastic growth company. The price of NGY has started exploding upwards. There will be no talk of second POD if the first is not near full approval. Half of Glotec is invested in NGY since 2014 and it is near reaping the rewards. CBM is renewable energy. At the last AGM the chairman said that it's possible that dividends be paid in 2 years. Collect the share and warrants and enjoy the profits soon.
On behalf of the Board of Directors of GFB, we are pleased 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 spudding of a production well MU-005 (Twin). The MU005 (Twin) well is a production well from which NuEnergy will conduct permeability tests on coal formations and perform a few months of dewatering to determine the gas productivity for future development. It is anticipated this activity will be followed by the submission of an Exploration Status Decision proposal for the Indonesian government’s approval by May 2021 and followed by a POD proposal, which upon approval will allow the exploitation and production of coal bed methane.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bluered
161 posts
Posted by bluered > 2021-01-22 18:57 | Report Abuse
Still intake to 50cnt above..hold