CRD – Conrad Asia Energy Ltd


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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

Conrad Asia Energy Limited is an Indonesia-based company. The principal activities of the Company are oil and gas exploration and development. The Company’s business model is to operate in shallow waters, offshore Indonesia with a specific focus on natural gas. The Company focuses on identifying and acquiring undervalued, overlooked, and/or technically misunderstood gas assets, and has developed expertise in maturing such assets through subsurface technical work, appraisal drilling and an advanced approach to low-cost field development. The Company, through its wholly owned subsidiaries, is the holder of three operated tenements in offshore Indonesia in the form of production sharing contracts (PSCs): Duyung PSC, Offshore Mangkalihat PSC, and Mako Gas Field. Its subsidiaries include Conrad Petroleum (V) Limited, West Natuna Exploration Ltd., Conrad Petroleum OM Pte. Ltd., and Frontier Point Limited.

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