ABN 50 009 126 238

30 November 2015

Company Announcement Officer Australian Securities Exchange

Dear Sir/Madam

NUENERGY GAS LIMITED (ASX: NGY)

Investor Presentation

Attached herewith is NuEnergy Gas Limited's ('NGY') Investor Presentation in relation to NGY's partially underwritten Non-Renounceable Entitlement Offer.

Yours sincerely

Poh Wan Lee

Company Secretary

NUENERGY GAS LIMITED

AN EMERGING GAS EXPLORATION COMPANY

30 November 2015

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

DISCLAIMER AND IMPORTANT INFORMATION

Disclaimer

This investor presentation ('Presentation') has been prepared by NuEnergy Gas Limited (ACN 009 126 238) ('NGY'). This Presentation has been prepared in relation to a partially underwritten non-renounceable entitlement offer (Entitlement Offer) of new NGY ordinary shares ('New Shares') to be made to Eligible Shareholders under section 708AA of the Corporations Act 2001 (Cth) ('Corporations Act') as modified by the Australian Securities and Investments Commission ('ASIC') Class Order [08/35].

Summary information

This Presentation contains summary information about NGY, its subsidiaries and its activities, which is current as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete nor does it contain all the information that a prospective investor may require in evaluating a possible investment in NGY or that would be required in a prospectus or product disclosure statement prepared in accordance with the requirements of the Corporations Act. This Presentation should be read in conjunction with NGY's other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange ('ASX'), which are available at www.asx.com.au.

Not an offer

This Presentation is not a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with ASIC), or any other law (including the laws of another jurisdiction). This Presentation is for information purposes only and is not an invitation or offer of securities for subscription, purchase or sale in any jurisdiction. The offer document for the Entitlement Offer will be available following its lodgement with ASX. Any Eligible Shareholder who wishes to participate in the Entitlement Offer should consider the offer document in deciding whether to subscribe for and purchase New Shares under the Entitlement Offer. Anyone who wishes to subscribe for and purchase New Shares under the Entitlement Offer will need to apply in accordance with the instructions contained in the offer document and the entitlement and acceptance form which will accompany it.

1 NOT FOR DISTRIBUTION OR RELEASE

IN THE UNITED STATES

DISCLAIMER AND IMPORTANT INFORMATION

Not for release or distribution in the United States of America

This Presentation may not be released or distributed in the United States. This Presentation does not constitute investment or financial product advice (nor tax, accounting or legal advice) or any recommendation to acquire entitlements or New Shares and does not and will not form any part of any contract for the acquisition of entitlements or New Shares. This Presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The New Shares have not, and will not be, registered under the U.S. Securities Act of 1933, as amended (U.S. Securities Act) or the securities laws of any state or other jurisdiction of the United States. Accordingly, the New Shares may be offered or sold, directly or indirectly, in the United States or to persons that are acting for the account or benefit of persons in the United States unless they have been registered under the U.S. Securities Act, or are offered and sold in a transaction exempt from, or not subject to, the registration requirements of the U.S. Securities Act and any other applicable securities laws.

Not investment advice

Each recipient of this Presentation should make its own enquiries and investigations regarding all information in this Presentation including but not limited to the assumptions, uncertainties and contingencies that may affect future operations of NGY and the impact that different future outcomes may have on NGY.

This Presentation has been prepared without taking account of any person's individual investment objectives, financial situation or particular needs. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own investment objectives, financial situation and needs, make their own assessment of the information and seek legal, financial, accounting and taxation advice appropriate to their jurisdiction in relation to the information and any action taken on the basis of the information. NGY is not licensed to provide financial product advice in respect of NGY Shares.

This Presentation does not constitute investment or financial product advice or any recommendation to acquire existing shares or New Shares and does not and will not form any part of any contract for the acquisition of New Shares.

Cooling off rights do not apply to the acquisition of New Shares.

2