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Conrad Asia Energy Ltd (ASX:CRD)

ALERT: Price-sensitive ASX Announcement for CRD
Current share price for CRD : $0.450 -0.24 (-34.78%)+
Announcement
Release
1 Dec 2025 3:10PM
Price at Release
$0.690
Full Release
download
Summary
The December 2025 presentation of Conrad Asia Energy Ltd outlines their strategic focus on gas development, specifically highlighting the Mako Gas Field located in the Duyung PSC in the South Natuna Sea. The company has entered into a transformative transaction with Nations Petroleum, allowing them to progress development without contributing equity. Conrad holds a 25% interest in the PSC, with a focus on ramping up production by late 2027 and targeting full capacity by January 2028. The presentation emphasizes the growing demand for gas in Southeast Asia as a transition fuel, and the company's exploration and appraisal projects in the Aceh PSCs, which hold significant contingent and prospective resources.
Key Points
  • Conrad Asia Energy Ltd focuses on gas development in Southeast Asia.
  • The Mako Gas Field is a key asset in the Duyung PSC, South Natuna Sea.
  • Conrad has a 25% interest in the Duyung PSC, with Nations Petroleum funding development.
  • Gas production from Mako is expected to start in late 2027, reaching full capacity by January 2028.
  • The company is exploring further opportunities in the Aceh PSCs with significant gas resources.
  • Conrad aims to leverage growing gas demand in Southeast Asia as a transition fuel.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.