Conrad Asia Energy Ltd. · ASX:CRD
Conrad Asia Energy — Investor Presentation (November 2024)
18 slides from Conrad Asia Energy's investor presentation, Nov 19, 2024
Slide 1: Positioned to Capitalise on the World's Fastest Growing Energy Region
Positioned to Capitalise on the World’s Fastest Growing Energy Region ASX: CRD November 2024
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation is dated 19 November 2024 and has been prepared by Conrad Asia Energy Ltd (the "Company" or "Conrad"). This presentation contains reference to certain intentions, expectations, future plans, strategy and prospects of the Company. Those intentions, ex
Slide 3: Attractive Portfolio of Projects
Attractive Portfolio of Projects Duyung PSC (which contains Mako) is the cornerstone asset of Conrad’s portfolio with additional exploration assets providing upside 1. Near Term Production Duyung PSC, 76.5% Participating Interest – Mako Gas Field • Contains the Mako Gas Field, with 2C Contingent Res
Slide 4: Project Highlights – Three Major Project Areas
Project Highlights – Three Major Project Areas Considerable progress made across all Production Sharing Contracts (”PSCs”) Mako Development (Duyung PSC) ✓ Capital costs for Phase 1 currently estimated to be US$322 million1 (100%), in line with market trends ✓ Conrad has also allocated a provision of
Slide 5: Investment Highlights
Investment Highlights Conrad is a Singapore energy company - shares are publicly listed on the ASX through Chess Depositary Interests (CDIs) • Pure play exposure to Asia offshore gas and to the world’s fastest growing energy market Offshore Asian Gas Resources • Total 2C Contingent Resource of 349 b
Slide 6: Delivery of Key Milestones
Delivery of Key Milestones Conrad has demonstrated a track record of delivery ACCOMPLISHMENTS SINCE IPO: NEAR TERM CATALYSTS: o Awarded Revised Plan of Development at Mako1 o Conclusion of Duyung PSC Farm-Down process o Gas sales endorsed by Indonesian Government - SKK Migas o Secure debt financing
Slide 7: Duyung PSC and Mako Gas Field Overview
Duyung PSC and Mako Gas Field Overview The largest undeveloped gas discovery in the West Natuna Sea with key under-utilised infrastructure in place • The Mako Gas Field principally lies within the Duyung PSC in the Natuna Sea which is recognised a major hydrocarbon basin • Fields in the West Natuna
Slide 8: Mako Project Costs Being Optimised
Mako Project Costs Being Optimised Current Project Scope • FEED Completed. Project Scope largely unchanged from GCA CPR1 Case 1 Current Plan 2 Proceessing to Sales Spec. At the Mako Field Platform • Planned six Phase 1 development wells targeted to deliver 120 mmscf/d (100%) raw gas for a Pipeline f
Slide 9: Mako is Strategically Positioned
Mako is Strategically Positioned Mako is located close to existing transportation infrastructure Mako adjoins major gas export infrastructure (WNTS) with currently only Access to WNTS – technical and commercial work on track ~60% (and steadily declining) utilisation rate • Discussions regarding the
Slide 10: Gas Sales Export & Potential Domestic
Gas Sales Export & Potential Domestic Export Gas Sales Agreement Now Highly Mature … … to supply growing Asian demand centres • On 30 August 2024, Conrad and Sembcorp Gas signed a binding GSA for the export of gas produced from the Mako field to Singapore West Natuna Transport System (southern confi
Slide 11: Aceh PSCs – Discovered Resources
Aceh PSCs – Discovered Resources The Aceh PSCs contain numerous offshore gas discoveries • Conrad is operator of two PSCs covering 20,000 sq kms and holds a 100% interest in each. Each PSC has a 30-year tenure. Water depths vary between 5 - 1,500 metres ONWA / OSWA Discoveries • Both PSCs contain fl
Slide 12: Aceh Gas Commercialisation MOU Signed with PGN
Aceh Gas Commercialisation MOU Signed with PGN 1 MOU is an important milestone towards the maturation of the discovered resources ➢ Conrad entered into a memorandum of understanding (“MOU”) with PGN, the gas subsidiary of PT Pertamina (Persero), the national oil company of Indonesia to cooperate in
Slide 13: Small Scale LNG – Initial CRD Screening
Small Scale LNG – Initial CRD Screening 1 Small Scale LNG - Feasible Commercialisation Option for ONWA / OSWA Discovered Resources Numerous Small Scale LNG Providers Include (for 30 mmscfd plant) ➢ Conrad working with PGN to establish the viability of small-scale LNG (<0.5 mtpa) as a possible downst
Slide 14: Aceh Next Steps
Aceh Next Steps Define the potential Prospective Resource additions to existing discoveries Upper Miocene Carbonate Map showing outline of Planned 3D & Seismic Section with Leads adjacent to the existing discoveries1 ➢ Over the coming months, Conrad will work with PGN to further advance the small-sc
Slide 15: Next Steps – Deep-water
Next Steps – Deep-water Define the potential Multi-Tcf Prospective Resources Leads in Deep-water 4-Way Dip Closure with Direct Hydrocarbon Indicators / Submarine Slope Fan – Amplitude vs Offset Response (Type III) SW NE PL 1 Lead with Stacked DHIs Submarine Slope Fan – Amplitude vs Offset Response (
Slide 16: Summary
Summary Exposure to a portfolio of South-east Asian gas development, appraisal and exploration assets Conrad believes that the quickest and best way to reduce global emissions is to accelerate the energy transition. Conrad also believes that gas will play an important role in progressing this cleane
Slide 17: Board and Management
Board and Management Highly experienced Board & Management team with strong technical, operational and financial backgrounds Board Management Peter Botten Miltos Xynogalas David Johnson M iltos X ynogalas M iltos X ynogalas D avid Johnson D avid Johnson Non-Executive Chairman Founder, Managing Direc
Slide 18: Conrad Asia Energy Ltd Contacts
Peter Botten Chairman Conrad Asia Energy Ltd peter@conradasia.com Mario Traviati Non-Executive Director Conrad Asia Energy Ltd mario@conradasia.com +65 6517 9700 Miltos Xynogalas Managing Director Conrad Asia Energy Ltd miltos@conradasia.com +62 811 904 658
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