NuEnergy Gas Signs Exclusive Agreement to Explore CBM in Mozambique

NuEnergy Gas has signed an agreement with a Mozambique party to exclusively explore and develop coal bed methane (CBM) in the East African nation.  

The party cannot be disclosed under the terms of the agreement, the company said in a statement.

The company already has an Exclusive Prospecting Licence in Malawi, on the border with Mozambique; and two operating agreements with a Tanzanian coal producer as well as two exploration applications in Tanzania along the southern border area with Mozambique.

Activities will be undertaken in the Tete Province in Mozambique. NuEnergy will have the first option to explore CBM opportunities in the Tete Province region as well as evaluate other prospective regions in Mozambique for unconventional gas.

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