NuEnergy Reports Challenging Financial Quarter

NuEnergy Gas Limited (AU:NGY) has released an update.

NuEnergy Gas Limited’s latest quarterly cash flow report reveals a challenging financial period, with net cash used in operating activities at $128,000 and net cash used in investing activities totaling $293,000. The company also saw a decrease in cash and cash equivalents, reflecting a tough quarter with expenditures in exploration and evaluation alongside administrative and corporate costs.

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