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Conrad Asia Energy (CRD) investor relations material
Conrad Asia Energy Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic positioning and market context
Developing the largest undeveloped gas field in Indonesia's Natuna Sea, targeting Southeast Asia's growing energy demand and transition to cleaner fuels.
Gas is prioritized for domestic use in Indonesia, with government policies supporting increased local gas utilization and international-level pricing.
PLN forecasts a 60% increase in Indonesia's gas demand over the next decade.
Project portfolio and reserves
Operates three PSCs in Indonesia, including the Mako Gas Project and two Aceh offshore blocks.
Mako Gas Project holds 330 Bcf gross 2P reserves (170 Bcf net), with first gas targeted for Q4 2027.
Aceh PSCs contain over 200 Bcf 2C contingent resources and significant prospective resources, with high historical exploration success rates.
Mako Gas Project development and funding
Final Investment Decision (FID) reached in March 2026, transitioning to a fully funded, contracted gas developer.
Over 80% of the $320 million capex committed; project is fully funded with no equity dilution.
Nations Natuna Barat funds 75% of development costs and carries the remaining 25% through a loan repaid from production revenues.
All gas volumes contracted to PLN EPI at ICP-linked prices, with plateau production of ~120 mmscfd for 6-7 years.
- Major Indonesian gas assets advance toward production and commercialisation, targeting regional demand.CRD
Investor Presentation25 Jun 2026 - Advancing major Southeast Asian gas projects with strong resource base and commercialisation progress.CRD
Investor Presentation25 Jun 2026 - All AGM resolutions passed with strong support; Mako Gas Project fully funded and on track.CRD
AGM 202616 Jun 2026 - Fully funded Mako Gas Project targets first gas in Q4 2027, driving strong future cash flow.CRD
Corporate presentation4 Jun 2026 - Mako Gas Project FID achieved, reserves booked, and development fully funded for first gas in 2027.CRD
Q1 202629 Apr 2026 - Transitioned to a fully funded gas developer with Mako FID, narrowed losses, and reserves growth.CRD
H2 202529 Mar 2026 - AGM highlighted Mako project progress, policy-driven delays, and shareholder concerns on governance.CRD
AGM 20253 Feb 2026 - Regulatory shifts redirected all Mako gas to Indonesia's domestic market, improving project economics.CRD
H2 202419 Nov 2025 - Secured Mako gas sales deal, advanced farm-downs, and ended Q3 with US$2.83M cash.CRD
Q3 202526 Oct 2025
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