Conrad Asia Energy is focused on natural gas in the shallow waters offshore Indonesia, and via its wholly owned subsidiaries, is the holder of several operated tenements in offshore Indonesia in the form of Production Sharing Contracts (PSCs). The Company specialises in the identification and acquisition of undervalued, overlooked, and/or technically misunderstood gas assets, and has developed expertise in maturing such assets through subsurface technical work, appraisal drilling and an innovative approach to low-cost field development.

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Investment Highlights

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Offshore Asian gas resources to supply world’s largest growing market

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Compelling regional market fundamentals

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Mako Gas Field development with sales terms agreed with a major gas buyer

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Near-term Goals add value and derisk development

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Growth and Exploration Opportunity with Aceh PSCs

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Experienced Board & Management Team with proven track record

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Our Assets

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(1) Competent Person’s Report (CPR) for Duyung by Gaffney, Cline & Associates (GaffneyCline) 26 August 2022. Resources attributable to Conrad are based on Conrad's participating interest of 76.5% in the Duyung PSC.

(2) ASX Release - 13 November 2023: Aceh: Prospective Resources in Excess of 11 Tcf (Net)

  • Pure play exposure to Asia offshore gas and to the world’s fastest growing energy market
  • Total 2C Contingent Resource of 578 Bcf (376 Bcf net attributable to Conrad) across Conrad’s offshore Indonesian portfolio
  • A 76.5% Participating Interest in the Mako Gas Field with 2C Contingent Resources of 413 Bcf (215 Bcf net to Conrad)
  • A relatively simple, low-cost development
  • Adjoining export infrastructure connected to Singapore and key sales terms agreed with SembCorp Gas and endorsed by the Indonesian Regulator
  • Indonesia is the 4th most populous country in the world, with growing domestic gas demand driven by robust economic growth
  • Singapore is Conrad’s near-term market opportunity with strong and reliable gas price dynamics
  • Balanced portfolio consisting of fully appraised development opportunity, discovered resources and significant exploration potential
  • Awarded two new PSCs in Aceh - shallow and deep water areas with numerous gas discoveries
  • Targeting near-term goals to de-risk development of the Mako Gas Field and add value to growth portfolio
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Board & Management

Group 10

Peter Botten

Non-Executive Chairman

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Miltos Xynogalas

Founder, Managing Director & CEO

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David Johnson

Executive Director & COO

Peter (1)

"With a specialisation in identifying and acquiring of undervalued, overlooked, and/or technically misunderstood gas assets, we look forward to advancing Conrad as we grow as an independent gas development and production company, supplying low carbon intensity, affordable energy in the form of natural gas throughout the Southeast Asia region."

PETER BOTTEN

Non-Executive Chairman

Miltos (1)

"With an exciting portfolio of exploration projects in the Asia region, Conrad aims to become a significant gas producer in the fastest growing market in the world. With an upcoming IPO planned for 2022, we look forward to further advancing the Company as we seek to add further value to our portfolio of assets."

MILTOS XYNOGALAS

Founder, Managing Director & CEO

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"We treat others with both dignity and respect, regardless of their circumstances, situation or background. We strongly believe that everyone has the ability to bring something different to the table and make a contribution."

DAVID JOHNSON

EXECUTIVE DIRECTOR & COO

Media

Media-376X271-Rigzone

04 April 2024

Rigzone

Pertamina, Conrad Asia Agree Terms of Mako Field Gas Sales in Indonesia

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Media-376X271-upstream

01 April 2024

Upstreamonline

Conrad firms up gas sales deal, moves towards FID for Indonesian offshore gas field project

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Media-376X271-Stockhad

28 March 2024

Stockhead

Conrad Asia Energy agrees to key terms for Mako domestic gas sales

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