NuEnergy Gas Limited announced all terms under the amended and restated investment agreement with New Century Energy Resources Limited dated 10 July 2014 as amended 18 August 2014, for the placement of shares to NCE or its nominee have been satisfied. Under the terms of the agreement NCE has the right to appoint two directors to the board of NuEnergy. The company appointed Mr. Kee Yong Wah and Mr. Kong Kok Keong to the Board effective immediately following the date of completion of the share placement.

The company announced the resignation of Mr. Peter Cockcroft from the Board of NuEnergy effective upon the appointment of Mr. Kee Yong Wah and Mr. Kong Kok Keong to the Board which will occur following the completion of the share placement.