NuEnergy
will
search
for
coal
bed
methane
and
shale
gas
in
licence
EPL0360/12,
located
in
the
nation’s
south,
over
a
period
of
three
years,
the
company
told
the
Australian
Securities
Exchange.
The
company
will
carry
out
geological
and
geophysical
studies
over
the
area,
as
well
as
evaluating
potential
resources,
studying
potential
markets
and
developments
and
drilling
if
resource
evaluations
are
positive.
NuEnergy
start
work
on
the
project
within
three
months
of
the
approval,
the
company
said,
committing
to
spend
a
minimum
of
62.5
million
Malawian
Kwacha
(US$233,514)
every
year
on
the
project.
In
its…
