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CRD - Conrad Asia Energy

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Conrad Asia Energy Ltd. is an energy company currently focused on the exploration, appraisal, and development of natural gas projects in Southeast Asia and particularly in the Offshore Waters.

The Company is incorporated in Singapore with operational headquarters in Jakarta, Indonesia and currently has 36 employees. Conrad, via its wholly owned subsidiaries, is the holder of operated tenements in the form of Production Sharing Contracts (PSC), listed below:
  • Duyung PSC (76.5% Participating Interest) (Duyung); and
  • Offshore Mangkalihat PSC (100% Participating Interest) (OM).
The PSCs contain a range of defined resources through to Leads and Prospects.

Conrad has submitted their bids for the two joint study areas (JSAs), being Offshore Northwest Aceh and Offshore Southwest Aceh in the offshore Aceh Province in Indonesia (together, the Aceh JSAs). The tender process is currently ongoing with a bid submission date of 6 September 2022.

It is anticipated that CRD will list on the ASX during October 2022.

 
Listing date21 October 2022 ; 12:00 PM AEDT ##
Contact detailshttps://www.conradasia.com/
Ph: +62 21 2272 2189
Principal ActivitiesOil & gas exploration and production
GICS industry groupTBA
Issue PriceAUD 1.46
Issue TypeCHESS DEPOSITARY INTERESTS 1:1
Security codeCRD
Capital to be Raised$55,000,000
Expected offer close date07 October 2022
UnderwriterNot underwritten. Bell Potter Securities Limited and Canaccord Genuity (Australia) Limited (Joint Lead Manager).
 
Conrad Asia Energy Ltd. is an energy company currently focused on the exploration, appraisal, and development of natural gas projects in Southeast Asia and particularly in the Offshore Waters.

The Company is incorporated in Singapore with operational headquarters in Jakarta, Indonesia and currently has 36 employees. Conrad, via its wholly owned subsidiaries, is the holder of operated tenements in the form of Production Sharing Contracts (PSC), listed below:
  • Duyung PSC (76.5% Participating Interest) (Duyung); and
  • Offshore Mangkalihat PSC (100% Participating Interest) (OM).
The PSCs contain a range of defined resources through to Leads and Prospects.

Conrad has submitted their bids for the two joint study areas (JSAs), being Offshore Northwest Aceh and Offshore Southwest Aceh in the offshore Aceh Province in Indonesia (together, the Aceh JSAs). The tender process is currently ongoing with a bid submission date of 6 September 2022.

It is anticipated that CRD will list on the ASX during October 2022.


good morning anyone,

have any of you guys heard whether the commencement of the Front-End Engineering Design (FEED) for Mako are on the way,

i would assume that this anouncement could come any time now,

by the looks of the sellers propping the sell side i would guess not,

i brought some shares back on the day of the presentation,

in my opinion CRD could be a really great hold for the next couple of years,
 
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