SHAREHOLDERS MEETING PRESENTATION

NuEnergy Capital LimitedABN 50 009 126 238 www.nuenergycorp.net

An emerging Australian energy company,with an immediate focus on coal bed methane in Indonesia

25 August 2010

Images depict new generation CBM multi-lateral directional drilling technology – not assets of the company

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• 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 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 the oil and gas 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.

Disclaimer

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• Resolution 1 – Approval of the Acquisition of Indon CBM Limited

• Resolution 2 – Consolidation of Capital

• Resolution 3 – Approval of Share Placement

• Resolution 4 – Election of Domenic Martino as a Director

• Resolution 5 – Cancellation of 5 Million Options

• Resolution 6 – Ratification of Issue of $0.10 shares

• Resolution 7 – Ratification of Issue of options

• Resolution 8 – Establishment of Employee Incentive Plan

Resolutions Being Considered

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Company Overview

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New Dynamic EnterprisesThree Amigos Trust and M. VerheggenDomenic Martino (various entities)

5.6%5.1%5.1%

Steve Rasmussen 4.1%

Major Shareholders

Snapshot of Business

• NuEnergy Capital Limited (“NuEnergy”) is an Australian-based company

• Listed on ASX (Code: NGY) and quoted on Frankfurt Market (Code: NUB)• Coal Bed Methane in Indonesia focus – 3,300km2+ acreage position• Operator of all current projects• Commenced accumulating coal bed methane acreage in Indonesia 3 years ago – An early mover, albeit capital constrained

• Goal to become a significant independent coal bed methane participant in Indonesia

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Company Overview

Summary Market InformationCURRENT SHARE PRICE (24/8/10) (Prior to Consolidation)

A$0.14 (14 cents)

52 WEEK HIGH A$0.18 (18 cents)

52 WEEK LOW A$0.09 (9 cents)SHARES ON ISSUE (presuming Resolutions passed at GM 25/08/10) 87.1m

NEW SHARES PURSUANT TO PUBLIC OFFER 16.0m

TOTAL SHARES POST PUBLIC OFFER 103.1m

TOTAL OPTIONS 30.7m

PROCEEDS OF THE OFFER @ $0.56 / SHARE A$9.0m

MARKET CAPITALISATION Post Capital Raising ~A$59m

CASH AND CASH EQUIVALENTS POST OFFER/COSTS

~A$8.5m

THEORETICAL CASH INCL OPTION CONVERSIONS

~A$12.5m

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Balance Sheet

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NuEnergy Capital Limited

Indon CBM Limited

PT Trisula

Group Structure – Post Acquisition

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Subsidiary of NuEnergy Capital LtdOwner of Rengat CBM Production Sharing Contract, Central Sumatra

Subsidiary of Indon CBM LimitedOwner of South Sumatra CBM Production Sharing Contracts

Listed parent company (ASX – “NGY”, Frankfurt – “NUB”)

100%

95%

This shareholders meeting will consider a resolution to acquire Indon CBM Ltd

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• NGY is in the process of establishing itself as a meaningful participant in the Indonesia CBM sector

• Has raised ~A$7m to date to fund this position

• 2 high quality PSC’s acquired covering over 3,500 km2 gross (350,000 hectares)

• Another 3 blocks are progressing towards application (for an additional 3,000+km2 (gross))

• Partnered with Pertamina in several areas, the Indonesian Government owned oil and gas company

Progress So Far

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Experienced Board & Management Team

Paul Underwood (Chief Executive Officer)-24 years experience in the upstream oil and gas sector. -Founding MD and CEO (11 years) of Tap Oil Limited (ASX listed) growing it into a significant participant in the oil and gassector in Australia and SE Asia. -Formerly: Board member of Australian Petroleum Production and Exploration Association (1998-2006).Non-Exec Director of Western Power, a Western Australian Government owned electricity utility.

Domenic Martino (Non-Executive Chairman)-Formerly: CEO and of Deloitte Touche Tohmatsu in Australia (2001 to 2003), Managing Partner NSW (1998 – 2001)and Partner (1981 to 2003). Corporate finance, M&A, IPOs.

-Director of Computercorp Limited (and Chairman) , Gladstone Pacific Nickel Ltd (AIM listed). -Founding Director and former Chairman of coal bed methane companies Sydney Gas Limited and Director of BlueEnergy Limited (ASX listed) .

Mr Alan Fraser (Non Executive Director)-Formerly: Director of NuEnergy Capital Ltd (1992-2010), and managed many operational parts of the business.-30 years of experience in Australian and overseas on green fields mineral exploration, mine project management and mine construction.

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Luke Martino (Non Executive Director)

-20 years experience at partner and board level with major accounting firms.-Experienced in the mining & resources, property and hospitality industries.-Director of Indian Ocean Living, Pan Asia Corporation Ltd (coal and manganese company operating in Indonesia)-Company Secretary for Victory West Moly Limited.-Formerly: Chairman of Konekt Ltd, and Director of South Pacific Resources (Canadian listed company) with mining projects in the Republic of Indonesia and the Deloitte Australian practice.

Experienced Board & Management Team

Mr Gavin Harper (Non Executive Director)

- 35 years of experience in the energy industry – both in conventional Oil and Gas and in renewable biomass energy developments. -Most of this experience has been with Chevron; leadership roles in project management and gas business development finishing as MD of Chevron’s gas business development company in Korea.-Director of Plantation Energy Ltd and Sino Gas and Energy limited (ASX listed) company developing coal bed methane projects in China.

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NuEnergy CBM Interests in Indonesia

NuEnergy has a significant holding of CBM acreage in Indonesia

BUNYU TARAKAN APPLICATION BLOCKEAST KALIMANTAN

CBM SOUTH SUMATRA PSC & SOUTH SUMATRA OVERLAPPING AREA APPLICATION

CBM PSC RENGAT BLOCK AND BUKIT ASAM APPLICATION

CENTRAL SUMATRA

Singapore

N

A U S T R A L I A

Jakarta

I N D O N E S I A

Pekanbaru

Palembang

0 200 400 Kilometers

0 200 400Miles

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Location - Coal Basins, NGY’s CBM Blocks

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NuEnergy acreage interests are in the major coal basins of Indonesia – TCF gas potential

Nu EnergyRengat PSC and

Application blockCentral Sumatra

Nu EnergySouth Sumatra PSC

and Application block

Nu Energy Application block

Tarakan - Kalimantan

= Coal Basins

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NuEnergy CBM Interests in Indonesia

LOCATIONOF PSC PSC TERM

NUENERGY GROUP

WORKINGINTEREST %(post acqn)

JV PARTNERGross (Km2)

South SumatraExisting CBM PSC

6 Yrs exploration term(Total Contract 30 years)

40% Pertamina 653

RengatExisting CBM PSC

6 Yrs exploration term(Total Contract 30 years)

100% n/a 2,995

Rengat Bukit Asam Joint Study Area application

Study Area 49% Bukit Asam 2,012

Bunyu – TarakanJoint Study Area application

Study Area 40% Pertamina 500

South Sumatraoverlapping area PSC application

Progressing towardsPSC Application

30% Pertamina 1,200

TOTAL 7,360

2 good quality PSCs and new ventures pending

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Indonesian CBM Potential Estimates

~454 TCF - This is larger than the potential for “conventional gas” in Indonesia! (Petrominer Magazine Feb 2010”)

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The Indonesian Gas Market is Robust

The Indonesian gas market is under supplied – any gas found will not be stranded

Indonesia’s population is 240 million!- lot’s of reticulation infrastructure and proximate gas customers to NuEnergy block interests – US$4-5+ / gj

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Muara Enim - South Sumatra PSC (NGY 40%)

• 1-2 core holes + 1-2 possible wells• Approximate 2010/2011 spend ~ A$2+m

Rengat, Central Sumatra PSC (NGY 100%)

• 1-2 core holes + 1-2 possible wells• Approximate 2010/2011 spend ~A$2+m

Tarakan Joint Evaluation Application• Joint technical study prior to PSC application (100% funded by NGY)• Approximate 2010/2011 spend ~ A$500,000+

Muara Enim – South Sumatra Overlapping Area• Progressing towards PSC application• Approximate 2010/2011 spend ~ A$500,000+

Bukit Asam Joint Evaluation Application• Joint study of the area prior to PSC application• Approximate 2010/2011 spend ~ A$500,000+

Proposed Work Programme – 2010/2011

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#1) South Sumatra – Sought After CBM Acreage

“Majors” also seeking CBM in this area

NuEnergy PSC and

Application Areas (dark

Blue)

Arrow Energy Block

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#1 a) South Sumatra Overlapping Acreage Application

NuEnergy application for overlapping (light blue) acreage @ 30% equity

NGY Existing PSC – 40%

NGY Application acreage – 30%

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Existing Seismic Data has Identified Coal Seams

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614 kms of 2D seismic, 19 wells analysed in this area for CBM potential

Coal seams up to 30m thick and continuous at 400-700 m sub surface

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#2) Rengat CBM PSC – Central Sumatra - NuEnergy 100%

This is an oil and gas prone area adjacent existing coal mining activities

Large CBM Acreage adjacent an existing coal mine and huge Chevron steam flood oil field

Bukit Asamoperating coal mine

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Rengat Seismic, Well Data

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Significant well and seismic data demonstrates coal seams in this area

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#3) Tarakan Joint Study /Evaluation Area (NuEnergy 40%)

This block (island) has significant existing oil and gas operations – evidence of coal beds

Process = Joint Evalaution with Pertamina, followed by PSC application

NuEnergyJoint Study

Area

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Tarakan Coal Bed Potential

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Well Logs –coal beds between 150-900 metres, 5-15 metres thick per seam

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Bukit Asam Joint Study and Evaluation Area

Partner is Bukit Asam Coal Mining Company (Government owned)

Contiguous with NuEnergy’s Existing Rengat PSC

Existing Indon CBMRengat PSC

Bukit AsamJoint Study

Area

Bukit Asam operating coal mineF

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NuEnergy’s CBM Potential

Excellent Locations in Indonesia• Situated in known coal basins• Surrounding coal mines, oil and gas fields• Lots of well and seismic data• Pipeline infrastructure close by• Large undersupplied gas market• Good gas prices ~ US$4-5/gjUpcoming Drilling Programme (Q4 2010)• 2 core holes scheduled for 2010• More drilling scheduled for 2011Highly Prospective• Good existing evidence of CBM potential in

NuEnergy’s existing and targeted acreage• Multiple sweet spot targets already

identified

Participation Level

CBM Potential (*)

• NGY has 40%- 100% interests in its 2 existing PSCs

• NGY has pending new ventures for additional good quality acreage at 30-100%

• Exposes investors to large upside in the event of exploration success

• South Sumatra Basin is estimated to have ~ 183 TCF * of CBM potential

• Central Sumatra has an estimated 53 TCF * of CBM potential

• NuEnergy blocks also have “TCF” CBM potential

(* Source: Petrominer Magazine Feb 2010)

Quality Acreage - Activity

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A Low Risk, High Reward Investment Proposition

REW

ARD

RISK

• Stable political and regulatory regime

• Onshore• Prolific hydrocarbon

addresses• Shallow drilling depths• Known coal beds• Lots of data• “Majors” are active in

CBM in Indon

• High probability of success

• Good starting acreage• Low drilling cost • Attractive fiscal regime• Gas markets are strong for

suppliers• Gas prices are good• Nearby underutilised

infrastructure• Small start up company

• High leverage to success

Minimise Risk

Maximise Returns

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