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 '19	Dec '20	Dec '21	Dec '22	Dec '23
net income	-1.28M -	-7.66M 498.50%	-11.24M 46.77%	-18.09M 60.96%
depreciation and amortization	66.66K -	159.94K 139.96%	4.15M 2,491.96%	2.54M 38.84%
deferred income tax			-19.09M -	-902.52K 95.27%
stock based compensation			315K -	1.08M 244.16%
change in working capital	-14.87M -	-3.60M 75.80%	18.77M 621.55%	-181.57K 100.97%
accounts receivables	-14.87M -	-3.60M 75.80%	18.77M 621.55%	-181.57K 100.97%
inventory
accounts payables
other working capital
other non cash items	8.54M -	1.59M 81.34%	3.29M 106.31%	5.86M 78.18%
net cash provided by operating activities	-7.54M -	-9.50M 26.01%	-3.81M 59.95%	-9.70M 154.78%
investments in property plant and equipment	-2.43M -	-212.03K 91.27%	-1.06M 398.25%	-425.26K 59.75%	-4.71M 1,008.34%
acquisitions net
purchases of investments
sales maturities of investments
other investing activites	2.41M -				-4.71M -
net cash used for investing activites	-14.81K -	-212.03K 1,331.20%	-1.06M 398.25%	-425.26K 59.75%	-4.71M 1,008.34%
debt repayment	-20.90K -	-54.79K 162.11%	-65.28K 19.15%	-119.59K 83.22%
common stock issued				28.66M -
common stock repurchased	-2.10M -
dividends paid
other financing activites	18.38M -	-82.02K 100.45%	4.98M 6,168.48%	-912.16K 118.33%	-183.66K 79.86%
net cash used provided by financing activities	18.38M -	-82.02K 100.45%	4.91M 6,088.90%	27.63M 462.52%	-214.63K 100.78%
effect of forex changes on cash	-29.60K -	-13.04K 55.94%	-11.75K 9.91%	8.70K 174.00%	-11.50K 232.24%
net change in cash	10.79M -	-9.81M 190.93%	38.06K 100.39%	17.52M 45,926.03%	-14.45M 182.48%
cash at beginning of period	425.68K -	11.21M 2,534.58%	1.40M 87.48%	1.44M 2.71%	18.96M 1,214.62%
cash at end of period	11.21M -	1.40M 87.48%	1.44M 2.71%	18.96M 1,214.62%	4.51M 76.21%
operating cash flow	-7.54M -	-9.50M 26.01%	-3.81M 59.95%	-9.70M 154.78%
capital expenditure	-2.43M -	-212.03K 91.27%	-1.06M 398.25%	-425.26K 59.75%	-4.71M 1,008.34%
free cash flow	-9.97M -	-9.72M 2.56%	-4.86M 49.95%	-10.12M 108.17%	-4.71M 53.44%

CRD

COM:CONRADASIA

Conrad Asia Energy

Last Close

0.96

21/11 03:51

Market Cap

138.90M

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18.54K

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