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
revenue	496.07K -	202.32K 59.22%	189.49K 6.34%	333.33K 75.91%
cost of revenue	1.65M -	1.41M 14.16%	912.66K 35.40%	1.48M 61.63%
gross profit	-1.15M -	-1.21M 5.28%	-723.18K 40.26%	-1.14M 57.89%
selling and marketing expenses	2.03M -
general and administrative expenses	249.46K -
selling general and administrative expenses	2.28M -
research and development expenses
other expenses				19.57K -
cost and expenses	1.79M -	7.98M 346.31%	9.82M 23.02%	16.91M 72.22%	9.88M 41.60%
operating expenses	142.63K -	6.57M 4,505.62%	8.91M 35.58%	15.44M 73.30%	9.88M 36.02%
interest expense				1.69M -
ebitda	-4.87M -	-8.79M 80.41%	-5.55M 36.91%	-16.26M 193.11%	-9.87M 39.31%
operating income	-4.94M -	-8.89M 79.95%	-9.63M 8.34%	-16.40M 70.32%	-9.88M 39.74%
depreciation and amortization	66.66K -	97.58K 46.40%	4.08M 4,085.21%	146.23K 96.42%	17.90K 87.76%
total other income expenses net	3.66M -	1.09M 70.34%	-1.61M 248.33%	19.57K 101.22%	155.00K 692.13%
income before tax	-1.28M -	-7.80M 509.81%	-11.24M 44.05%	-18.09M 60.96%	-9.73M 46.23%
income tax expense		-144.75K -		1.71M -
net income	-1.28M -	-7.66M 498.50%	-11.24M 46.77%	-18.09M 60.96%	-9.73M 46.23%
weighted average shs out			122.25M -	129.23M 5.71%	160.02M 23.83%
weighted average shs out dil			122.25M -	129.72M 6.11%	160.02M 23.36%
eps	0 -	0	-0.09 Infinity%	-0.14 52.34%	-0.06 56.57%
epsdiluted	0 -	0	-0.09 Infinity%	-0.14 52.34%	-0.06 56.57%

CRD

COM:CONRADASIA

Conrad Asia Energy

Last Close

0.96

21/11 03:51

Market Cap

138.90M

Beta: -

Volume Today

18.54K

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