Conrad Asia Energy (CRD) AGM 2026 summary

Opening remarks and agenda

• Meeting opened in Singapore with both in-person and online attendance, confirming quorum and outlining voting and Q&A procedures.

• Annual General Meeting held on 16 June 2026 to address key company matters and resolutions.

• Board members, auditors, and key executives introduced; agenda included Chair and CEO addresses, review of annual report, director elections, auditor appointment, remuneration, and share issuance authorities.

Financial performance review

• Transitioned from exploration to a fully funded gas developer, with $280M of $320M capital for Mako Gas Project committed and first gas targeted for Q4 2027.

• Secured a long-term gas sales agreement and completed a major farm-down, reducing balance sheet risk and preserving shareholder value.

• Projected gross revenues of nearly $3B from the Mako project, with significant upside in Aceh assets.

Board and executive committee updates

• CEO Miltos Xynogalas to step down at end of August, transitioning to a new role focused on partnerships and business development.

• Search for a new CEO underway; board composition and management structure evolving to support next growth phase.

• Executive Chairman to assist during leadership transition.

• Board comprises experienced professionals with backgrounds in oil & gas, finance, and corporate development.

• Peter Botten and David Johnson re-elected as directors with 89.04% and 86.22% support, respectively.