Conrad Asia Energy Ltd. engages in the exploration, appraisal, and development of natural gas projects in the Offshore Waters of Indonesia. It holds operated tenements in the form of production sharing contracts (PSC), including 76.5% participating interest in the Duyung PSC covering an area of approximately 927 square kilometres located in the Offshore Waters in the West Natuna area; and 100% participating interest in the Offshore Mangkalihat PSC covering an area of 1,640 square kilometres in the Tarakan Basin, northeast Kalimantan. Conrad Asia Energy Ltd. was incorporated in 2010 and is headquartered in Jakarta, Indonesia.

Conrad Asia Energy Ltd.

Conrad Asia Energy is focused on natural gas in the shallow waters offshore Indonesia, and specializes in the identification and acquisition of undervalued gas assets. The company has developed expertise in maturing such assets through subsurface technical work and appraisal drilling.

Conrad Asia Energy

Conrad Asia Energy is focused on natural gas in the shallow waters offshore Indonesia, and via its wholly-owned subsidiaries, is the holder of three 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.

Indonesia is affirming its commitment to meet the country’s growing energy demand, with ExxonMobil planning to invest $15 billion in to help meet energy requirements.

https://lnkd.in/dCRRQFYt

#gas

The $CRD.ax Aceh #gas PSCs could yield 1 trillion cubic feet in gas: Consider that every billion cubic feet of gas – a thousand in a Tcf – can provide enough electricity for 24,315 average homes for an entire year. It’s a lot of gas.

https://lnkd.in/d7pZwJem 

The identification of 38 targets at Conrad’s two Offshore Aceh gas plays in Indonesia, with 4 potentially more than 1 trillion cubic feet of recoverable gas, can see $CRD.ax become a major #gas supplier in the world’s fastest growing energy market.

https://lnkd.in/d7pZwJem 

$CRD.ax announces prospective resources of more than 15 trillion cubic feet of #gas across its Offshore North West Aceh (Meulaboh) & Offshore South West Aceh (Singkil) PSCs, of which 11 trillion cubic feet are net attributable to Conrad.

https://lnkd.in/gnQtcVyc 

$CRD is pleased to provide its first assessment of the Prospective Resources of its two Aceh PSCs offshore Indonesia, Offshore North West Aceh and Offshore South West Aceh Production Sharing Contracts with prospective resources in excess of 11 Tcf (Net)
 
Read announcement: https://buff.ly/49F4jZK

	Dec '20	Dec '21	Dec '22	Dec '23
account payables	155.59K -		189.70K -	520.92K 174.60%
accumulated other comprehensive income loss			4.04M -	4.16M 2.80%
cash and cash equivalents	1.40M -	1.44M 2.71%	18.96M 1,214.62%	4.51M 76.21%
cash and short term investments	1.73M -	1.68M 3.07%	19.14M 1,039.42%	4.68M 75.55%
common stock	33.77M -	34.63M 2.53%	67.88M 96.03%	70.12M 3.29%
deferred revenue			496.95K -	1.27M 155.64%
deferred revenue non current
deferrred tax liabilities non current
goodwill
goodwill and intangible assets
intangible assets
inventory			-413.37K -
long term debt			144.39K -	130.02K 9.96%
long term investments
net debt	-1.40M -	-1.44M 2.71%	-18.61M 1,190.35%	-4.23M 77.29%
net receivables			237.63K -	415.25K 74.75%
other assets	149.52K -	221.72K 48.29%
other current assets	19.84M -	359K 98.19%	590.94K 64.61%
other current liabilities	20.19M -	8.32M 58.79%	4.13M 50.37%	4.24M 2.57%
other liabilities	195.43K -	111.93K 42.73%
other non current assets	-26.61M -	-24.59M 7.60%	225.00K 100.92%	3.17M 1,307.06%
other non current liabilities				-1 -
othertotal stockholders equity
preferred stock
property plant equipment net	26.61M -	24.59M 7.60%	22.77M 7.38%	27.40M 20.31%
retained earnings	-6.31M -	-16.45M 160.74%	-34.54M 109.97%	-43.31M 25.38%
short term debt			205.63K -	154.63K 24.80%
short term investments	328.44K -	237.20K 27.78%	175.74K 25.91%	167.50K 4.69%
tax assets
tax payables
total assets	48.00M -	26.61M 44.57%	42.55M 59.90%	36.01M 15.38%
total current assets	21.24M -	1.80M 91.52%	19.55M 985.43%	5.44M 72.16%
total current liabilities	20.34M -	8.32M 59.10%	5.02M 39.64%	4.91M 2.20%
total debt			350.02K -	284.64K 18.68%
total investments	328.44K -	237.20K 27.78%	175.74K 25.91%	167.50K 4.69%
total liabilities	20.54M -	8.43M 58.95%	5.17M 38.73%	5.04M 2.42%
total liabilities and stockholders equity			42.55M -	36.01M 15.38%
total non current assets	26.61M -	24.59M 7.60%	23.00M 6.46%	30.56M 32.90%
total non current liabilities			144.39K -	130.01K 9.96%
total stockholders equity	27.46M -	18.18M 33.81%	37.38M 105.65%	30.97M 17.17%

CRD

COM:CONRADASIA

Conrad Asia Energy

Last Close

0.93

25/11 01:19

Market Cap

138.90M

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28.69K

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