April 2 (Reuters) - Nuenergy Gas Ltd NGY.AX :
* SIGNS INVESTMENT AGREEMENT WITH SAUJANA E&P TO FUND INDONESIAN COAL BED METHANE PRODUCTION SHARING CONTRACT PROGRAMS
* SAUJANA E&P IS TO PAY $7 MILLION DEPOSIT TO COMPANY WITHIN 14 BUSINESS DAYS FROM EXECUTION OF AGREEMENT
* SAUJANA E&P TO TAKE UP A STRATEGIC INVESTMENT IN CO VIA A SHARE PLACEMENT WITH A TOTAL SUBSCRIPTION VALUE OF $38.5 MILLION
* SAUJANA E&P'S INVESTMENT IS FOR 1.54 BILLION SHARES OR 51% SHARE CAPITAL OF CO