NuEnergy Gas Limited announce that the Indonesian Ministry of Energy and Mineral Resources has on 17 June 2021, approved the Company's first Plan of Development ("POD") for the Tanjung Enim Production Sharing Contract ("PSC") under a gross split scheme (referred to as Tanjung Enim POD I) in South Sumatra which will allow the project to proceed to field development and surface facility construction. NuEnergy shall carry out the operations and commercial development of the Tanjung Enim POD 1 singly and exclusively. The approval of the Tanjung Enim POD I also represents the first Coal Bed Methane ("CBM") POD in Indonesia. In addition, NuEnergy together with its partners, PT Pertamina Hulu Energi Metra Enim ("PT Pertamina") and PT Bukit Asam Metana Enim ("PT Bukit Assam") has also on 17 June 2021, executed the Amended and Restated Tanjung Enim Production Sharing Contract under a gross split scheme ("Gross Split PSC") in respect of the Tanjung Enim PSC with the Indonesian Special Task Force for Upstream Oil and Gas Business Activities ("SKK Migas"). The Tanjung Enim POD I approval covers the development in two target areas, in the north and south of the contract area covering 33km2 (or 13% of the total acreage of the Tanjung Enim Gross Split PSC) where the Indonesia Research and Development Center for Oil and Gas Technology (commonly referred to as LEMIGAS) has confirmed and certified reserves totaling 164.89 Bscf in these areas.