Conrad Asia Energy (CRD) Investor presentation summary

Strategic positioning and market outlook

• Portfolio includes discovered and prospective gas assets in Indonesia, a region with forecast 60% gas demand growth over the next decade.

• Indonesia is prioritizing domestic gas supply, redirecting LNG exports to local markets.

• Gas is positioned as a key transition fuel for economic growth and cleaner energy in Southeast Asia.

Key assets and resource base

• Mako Gas Field is the largest undeveloped gas field in the South Natuna Sea, with 2C Contingent Resources of 376 Bcf (63 Bcf net).

• Aceh ONWA & OSWA PSCs hold 2C Contingent Resources of 216 Bcf (162 Bcf net) and unrisked P50 prospective resources of 546 Bcf gross (394 Bcf net).

• Aceh region offers 15 Tcf gross (11 Tcf net) of deep-water prospective gas resources.

• Four existing discoveries total 592 Bcf (100%) 2C Contingent Resources, with 225 Bcf net attributable.

Transformational financing and partnerships

• Transaction with Nations Petroleum (NPB) funds 100% of Mako development costs through to production, removing equity funding needs.

• NPB acquires 75% non-operated PI in Duyung PSC; WNEL retains 25% PI, subject to approvals.

• NPB pays $16 million in tranches and provides a carry loan for WNEL's share, repaid from production revenues.

• Partnership with Arsari Group brings local expertise and operational support.