Conrad Asia Energy Ltd. Shs Chess Depositary Interests Repr 1 Sh
AASX:CRD0.68
AUD
-0.02
(-2.86%)
ISIN
AU0000240970
Return %
Stock
S&P 500
1Y
-9.93
14.20
3Y
-54.67
81.12
5Y
-69.09
68.34
Capital Structure
USD
•
in mil. unless spec.Working Capital
USD
•
in mil. unless spec.Growth Rates
USD
•
in mil. unless spec.Semi-annual Revenue
USD
•
in mil. unless spec.Semi-annual Earnings Per Share
USD
•
in mil. unless spec.Semi-annual Dividends Per Share
USD
•
in mil. unless spec.Company Description
- CEO
- Miltos Xynogalas
- Full Time Employees
- 2,367
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- South Quarter Tower A Jakarta NSW Indonesia 12430
- IPO Date
- Oct 25, 2022
- Website
- conradasia.com
- Similar Companies
- Business
- Conrad Asia Energy Ltd (ASX:CRD) is an Asia-focused natural gas exploration and development company that holds operated interests in production sharing contracts (PSCs) for shallow-water gas assets offshore Indonesia; its portfolio includes the flagship Mako Gas Field in the Duyung PSC in the West Natuna Sea with a 91.5% participating interest, the 100%-owned Offshore North West Aceh (ONWA or Meulaboh) PSC, and the Offshore South West Aceh (OSWA) PSC. The company specializes in identifying, acquiring, and maturing undervalued or technically misunderstood gas assets through subsurface analysis, appraisal drilling, and low-cost field development to supply low-carbon intensity natural gas to Southeast Asian markets. Founded in 2010 and headquartered in Singapore with operational offices in Jakarta, Indonesia, Conrad Asia Energy targets domestic Indonesian buyers such as utilities and power generators including PT Perusahaan Gas Negara Tbk (PGN) and PT Perusahaan Listrik Negara (PLN), as well as regional off-takers like Sembcorp. Recent developments include increasing its Duyung PSC stake to 91.5% in May 2025 following a partner exit, signing a binding gas sales agreement with Sembcorp in September 2024 for export volumes from Mako, securing domestic offtake reallocation for Mako gas in July 2025, advancing 3D seismic surveys and drilling plans for Aceh assets in August 2025 with potential farm-in partners, and bringing in an Arsari Group unit as majority partner in November 2025 to fund Mako development.