Investor Update June 2012

1

For

per

sona

l use

onl

y

2

CONTENTS

COMPANY OVERVIEW AND FOCUS

STRATEGY

EXPLORATION & PRODUCTION

• Indonesia - Portfolio Review

- Drilling Results

- Organisation

• East Africa - Future Growth Platform

For

per

sona

l use

onl

y

3

COMPANY OVERVIEW AND FOCUS

For

per

sona

l use

onl

y

Company Snapshot

• NGY operates three Production Sharing Contracts (PSC) in South & Central Sumatra, Indonesia, covering 4,819 square km’s:

- Muara Enim (40% participating share); - Muara Enim 2 (30% participating share); and - Rengat (100% participating share)

• The company has recently secured a strategic unconventional gas position (JV) in Tanzania and has three significant shale gas and CBM Licenses under application in East Africa

• Two core wells have been completed and conversion of well #2 for extended pilot production underway

• The process with BPMIGAS for the sale of pre Plan of Development pilot gas for power generation to PLN (national power company) commenced on June 5, 2012

• Significant coal seams >43 metres and gas content in order of 7.25Bcf/km2 proven in Maura Enim PSC. This result extrapolated over Muara Enim and Muara Enim II PSC indicates a Gross Contingent Gas In Place (GIP) Resource net to NGY of 4.43 Tcf

• As the South Sumatra coal basin has been well mapped from the 1000s drilled, there is high confidence in the GIP estimates

• At a 50% recovery factor and the minimum Govt guaranteed gas prices for CBM, this resource has a gross sales value of US$16.6 billion. The key to unlocking this value is now proof of production and permeability. The Muara Enim pilot program underway is designed to provide this proof to the market and gas buyers

• Significant pilot developments are in progress in surrounding PSC’s (Santos, Dart, Medco/ Ephindo)

Issued Capital/Unlisted Options (Ordinary Shares – ASX:NGY)

200m/18.3m

Market Cap at $0.08/Share

$16m

Gross South Sumatra Contingent GIP @ 7.25 Bcf/KM2

Net to NuEnergy

13.2 Tcf

~4.43 Tcf

Gross Acreage (Indonesia) 4,819 km2

Indonesian PSC’s

Tanzanian JV’s

3 (Operator in all)

2

Offices Singapore, Sydney,

Jakarta & Dar es Salaam

Cash & Cash Equivalents A$9m

Permanent Staff ~25

Major Shareholders:

1. Aspac Mining Ltd 15.9%

2. Farjoy Pty Ltd 14.4%

3. Melanie Verheggen 5.5%

4

For

per

sona

l use

onl

y

FOCUS: 2012-2013 – 3 YEAR PLAN

2012: • NSAI resource certification received for of all Indonesian PSC’s. At least one (1) to three (3) Tcf

of contingent gas resource is likely to be certified in NuEnergy’s South Sumatra PSC’s (NGY share)

• ME PSC well #2 testing and pilot:- • completed for long term pilot production (within next four weeks) • water production and water and gas quality results (some gas results already in) • permeability proved • initial gas production indications • water disposal in nearby river approved with good water quality results

• Drilling and pilot results from surrounding Santos, Dart and Medco/Ephindo tenements to be released

• CBM drilling commences in Tanzania on Basin analogous to the Bowen Basis @ circa $300k per well

• Securing new rig that can deliver results technically, efficiently and to schedule and reduce well costs by circa 50%

• Drilling Muara Enim 2 PSC drilled targeting +80 metre (gross) coal seam • Securing 1-2 additional shale gas / shale oil / CBM concession in East Africa • Farming-out Rengat PSC (to reduce go forward capex by circa US$3 - 5 million and recoup sunk

PSC costs) • Organisation restructure completed - staff numbers reduced and highly capable and

experienced team installed • Small scale powergen unit secured and gas and power contracts executed in Q4 2012 and gas

production commences from pre-POD pilot project

5

For

per

sona

l use

onl

y

FOCUS: 2012-2013 – 3 YEAR PLAN continued

2013-2014

• Gas and water production characteristics proven across basin by NGY, Dart, Santos, Ephindo and Medco

• Drilling methods /options adapted and refined to suit local environment.

• Pilot development undertaken in Muara Enim II PSC.

• Economic basis of South Sumatra CBM becomes proven with known $value/km2 benchmarks and known production characteristics in major coal seams.

• Consolidation of PSC interests in the same manner as in the Bowen /Surat Basins.

6

For

per

sona

l use

onl

y

7

STRATEGY

For

per

sona

l use

onl

y

Strategy to Add Shareholder Value

8

NuEnergy is executing its strategy of increasing shareholder value and preserving shareholder funds by:

Securing Prime Acreage at a Low Cost In High Growth Areas Secure early entry acreage prolific sedimentary basins in high growth areas short of energy in the business focus area

Leveraging off Basin Work and Operators to Gain Efficiencies Leverage off the conventional/unconventional work of other operators reducing the cost to certify gas resources.

Develop and Maintain Capability to Deliver Efficiently Employ experienced operators and developers to minimise costs and maximise the probability of technical and

commercial success and minimise the probability of wastage and delays. Secure rigs on minerals industry cost basis that can deliver well costs at 50% below current Indonesian rates

Take Pilot Wells to Early Production Generate coal basin productivity knowledge, well technology selection feedback, early revenue and booked reserves

by early pilot production program (Pre Plan of Development production).

Reduce Well Commitments by Securing Dual Role for Wells and Maximise Technical and Economic Results From All Wells Secure regulatory approval to use core well as production / development well - thus rescuing well commitment

count/ reducing annual well commitment. Ensure full value from all wells by treating them as assets and gaining full technical knowledge (permeability, water

quality, gas content and saturation, gas quality, seam thickness etc) from each testing program.

For

per

sona

l use

onl

y

Indian Ocean Rim Focus

South & Central Sumatra • Muara Enim - 653 km2

• Muara Enim 2 - 1,171 km2

• Rengat PSC - 2,995 km2

• Robust, well priced domestic gas market with CBM plant gate prices guaranteed in excess of $7.50/mmbtu

Tanzania & Adjacent Countries • Established contacts and

platform JV. • Diesel substitution & high

electricity demand. • Growth in order of 7% - 3rd

fastest in world. • Population 290 Million – if area

counted as one country 3rd largest country in the world.

NuEnergy is targeting the acquisition and development of unconventional gas assets in high growth emerging markets in the Indian Ocean rim region:

9

Indonesian gas export prices can reach US$12-$15/mm Btu net back to the producer when linked to LNG, Fuel Oil, Petrochem products or diesel.

• Africa’s total gas consumption is forecast to rise to 9.1 Tcf per annum in 2035, 2.5 times the 2008 consumption of 3.6 Tcf

• In Africa, the electric power and industrial sectors account for most of the expected increase in demand for gas

Source: RBS Alpha Navigator, September 2011; US Energy Information Administration Annual Energy Outlook 2011

For

per

sona

l use

onl

y

10

Exploration & Production

Indonesia

Portfolio Review Drilling Results

People

East Africa

For

per

sona

l use

onl

y

Indonesia Portfolio - Review South Sumatra

• Major gas infrastructure connects the PSC’s to the undersupplied Java, Singapore and Duri gas markets

• The acreage surrounding Muara Enim and Muara Enim II PSC’s is being developed for pilot production/testing. Given the coal seams are continuous, this work serves to improve the value of Nu Energy’s asset at no cost.

For

per

sona

l use

onl

y

12

• The South Sumatra coal basin has the richest CBM gas content in Indonesia according to a recent study by IHS CERA showing an estimated GIP of circa 7.2 Bcf GIP /km2 . NuEnergy’s recent drilling program and core results confirmed the IHS Cera work (see Results section)

Based on this work but using a wider more conservative range of outcomes of 6.0 – 7.25 Bcf/km2 :

Muara Enim PSC @ 652.6 km2 generates a Contingent GIP resource of 3.9 - 4.7 Tcf* or 1.6 to 1.9 Tcf Net to NuEnergy

Muara Enim II PSC @ 1,170.86 km2 generates a GIP resource of 7.0 to 8.4 Tcf or 2.1 to 2.5 Tcf Net to NuEnergy

South Sumatra also has the highest estimated CBM GIP:

Indonesian CBM basins est GIP Tcf

South Sumatra 375

Kutei 252

Central Sumatra 165

Asem Asem 111

Barito 102

West Java 56

Tarakan 31

Ombilin 1

Total 1,093

Indonesia Review - South Sumatra continued

Source: IHS Cera: The Unconventional Frontier: Prospects for Shale Gas and CBM in Indonesia – October 2011 * Note: This calculation is further supported by the Gas in Place resource estimate completed by PT Trias Energy Perkasa for Muara Enim of between 4.1 and 4.6 Tcf

For

per

sona

l use

onl

y

13

NuEnergy South Sumatra Coal Seam Thickness Map

Source: JMJ Petroleum Oil & Gas Consultancy – GIS G&G Exploration Database

Indonesia Portfolio Review - South Sumatra

Muara Enim Muara Enim 2

• The 55-88 metre thick Coal Seams (> 20 story building) are the focus of the drilling of Muara Enim and Muara Enim 2 PSC’s

• Drilling has confirmed high coal seam thickness > 40 metres in the primary seams as expected

55-88 metre coal seams

For

per

sona

l use

onl

y

Drilling Results - Q2 Well Test Results – Well #1

Muara Enim PSC Well # 1 – Laboratory Results Confirm High Methane Content and Gas In Place Estimates The results of laboratory testing on coal cores from Well #1 are as follows: Gas Content - 115 scf/t (daf). Gas Composition - 92.7 % to 98.3 % for CH4. - Minor CO2 . Gas Saturation - 88 %.

These gas content and quality results are:

• consistent with NuEnergy’s understanding of the South Sumatra coal basin; and

• better than previous estimates made by reserves experts of gross gas-in-place in Muara Enim PSC at 7.25 Bcf per square kilometre. Given Muara Enim PSC covers an area of 652.6 km² this result generates an estimated gross gas-in-place net to NuEnergy of 1.89 Tcf

These gross gas-in-place estimates are generated and supported by the thick continuous coal seams in South Sumatra, high gas saturation and high methane content. F

or p

erso

nal u

se o

nly

Drilling Results – Q2 Well #2

Muara Enim PSC Well # 2 Successfully Completed as Future Pilot Well

Well #2 in Muara Enim PSC in South Sumatra Indonesia was drilled to a total depth of 840 metres. After neutron density and resistivity logging, this well was cased to enable use as a future pilot production well that will test permeability, water and gas productivity from the Suban Coal seam. Results indicated from Well #2 were as follows: Net thickness of coal seams encountered

- 43 Metres or over 141 Feet which approximates the height of a 12 storey building (for the Suban and Mangus formations)

- Suban coal seam intersected over the interval 669 to 713 metres with a total of 24 net metres of coal seam thickness

Suban Coal Quality

- Black. - Sub – Bituminous. - Conchoidal Fractures. - Face & Rare Butt Cleats regularly distributed with no fill.

Well site observations suggest that the coals intersected in Well #2 are broadly similar to those proved in Well #1 in terms of quality and total thickness. F

or p

erso

nal u

se o

nly

Drilling Results - Q2 Well Test Results – Well #2

Muara Enim PSC Well # 2 – Initial Laboratory Results On the Suban Coal Seam Confirm High Methane Content and Gas In Place Estimates and Suitability of Location for Pilot Well Development Calorific Value - 35.1 – 37.95 MJ/m3 Gas Composition - CH4+ 99.080% - CO2 0.025% - Hydrogen 0.230% - Nitrogen 0.5920% Coal Quality Ash content 2.95 - 11.67%. Moisture content 12.58 - 15.66% Relative density 1.32 -1.36 g/cc.

For

per

sona

l use

onl

y

17

People – A Capable Organisation

Post the recent restructure, NuEnergy now has an experienced drilling, exploration, development and BD/regulatory team that can deliver results to budget and schedule.

Key new recruits post restructure: Yales Vivadinar Deputy GM Indonesia External Relations & Business Development Peter Bainbrigge Development Brett Mason Drilling Rachman Aurora Finance & Accounting Taufik Manan Exploration

For

per

sona

l use

onl

y

18

• NuEnergy through its wholly owned subsidiary, NuEnergy Gas (Tanzania) Limited has agreed a variation to the Joint Venture agreement with Tancoal Energy Limited (“Tancoal”), a subsidiary of Intra Energy Corporation Limited

• This Unconventional Gas Joint Venture Agreement captures all unconventional gas, which includes coal bed methane and shale gas and cements the entry of NGY into the unconventional gas business in East Africa consistent with the company’s 2012 business strategy

• NuEnergy will hold 70% equity in the joint venture, have full operating rights and pay a 5% royalty to Tancoal after all costs incurred by NGY have first been recouped . NuEnergy will fund the unconventional gas development costs in full and receive all revenue from operations until all of Tancoal’s carried costs have been recouped

• Early appraisal and lower drilling costs will be facilitated by contracting drilling rigs on site already and sharing associated costs on commercial terms with Intra Energy (being used for coal coring for coal mining) . Drilling is planned to commence in the second half of 2012. Drilling costs are forecast to be in the order of AUD$300k per well – significantly lower than the cost /well in Indonesia

• These early drilling operations will establish the credibility of the company with TPDC and provide a platform for growth in the East and Central Africa region

• The company expects to secure and additional license this month over a significant Carbonaceous coal basin in East Africa and currently the company has two significant CBM license positions under application in Tanzania

• NuEnergy has established its East African operating office in Dar es Salaam, Tanzania, leveraging off the presence of IntraEnergy in that country

East Africa – Future Growth Platform F

or p

erso

nal u

se o

nly

Disclaimer

• This presentation has been prepared by NuEnergy Capital Limited (“NuEnergy” or the “Company”) and is being provided for

the sole purpose of providing preliminary background financial, operational and other information to enable shareholders

and/or prospective investors to review the business activities of the Company. It is not intended as an offer, invitation,

solicitation or recommendation with respect to the purchase or sale of any securities

• This presentation should not be relied upon as a representation of any matter that a potential investor should consider in

evaluating the Company. The Company and its respective directors, agents, officers or employees do not make any

representation or warranty, express or implied, as to or endorsement of, the accuracy or completeness of any information,

statements, representations or forecasts contained in this presentation, and they do not accept any liability for any statement

made in, or omitted from, this presentation

• This presentation contains forward looking statements that are subject to risk factors associated with Coal Bed Methane

businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a

variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially,

including but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, resource

estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory

developments, economic and financial market conditions in various countries and regions, political risks, project delay or

advancement, approvals and cost estimates

• Before acting in reliance on any information contained in this presentation, potential investors should conduct their own

investigation and analysis in relation to the Company and should check the accuracy, reliability and completeness of the

information contained in this presentation and obtain their own independent professional advice

• All references to dollars, cents or $ in this document are to Australian currency, unless otherwise stated

19

For

per

sona

l use

onl

y