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.
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