Exclusive, confidential discussions with a preferred partne4 for Conrad is new. I'm guessing EME can jump kn the back if that. I wonder now the Bond holders have written off a lot of debt to hold 60 odd percent of Coro, if they don't ma,e a bid for EMEs 8.5% ? They clearly see a lot of value in Mako. |
Bladderman removed from the EME thread I started last year. |
Watch today |
Bladderman removed from posting here.
Conrad update, no surprise that we await FID but progress being made and value of EME's 8.5% is pretty much being overlooked when valuing EME.
A bid for EME at these undervalued levels would not surprise me. Even a cheeky £7/8m bid would be a bargain imo. |
Not a positive news from conrad This should help the dump today |
No significance whatsoever that I can think of |
I'm wondering if there's any significance with CRD releasing the quarterly report now. It's usually out 29th/30th |
CMackay, Blakieboy & Soggy it's good things are looking up - to make things better you can go beyond ignoring unwanted posters and filter out usernames. I don't usually filter but I have just blocked some unedifying newbies and relative newbies who swamped the site yesterday some posting dozens of posts.
Fingers crossed that the Conrad update offiers some more impetus. it seems very positive to me. |
 Conrad Managing Director and Chief Executive Officer, Miltos Xynogalas, commented:
“Whilst we are disappointed that a Final Investment Decision (“FID”) for the Mako Project was not achieved by the end of 2024, finalising GSAs and securing regulatory approvals have both impacted the timeline. However, momentum heading into 2025 is strong, and we are in advanced exclusive discussions with a partner for Mako. In conjunction with this farm down, negotiations are progressing with project financing. We are also dealing with interested parties in Aceh and hope to conclude a deal in the coming months.
The market conditions for gas in Asia are particularly favourable, and we have seen significant interest in our projects from gas buyers, potential partners, and financiers. Beyond the Mako Project, our discovered gas resources and exploratory potential in Aceh are drawing considerable attention with numerous commercialisation options now being evaluated. Conrad has five gas discoveries in its portfolio with total recoverable resources in excess of 500 billion cubic feet (c 340 “Bcf” net attributable to Conrad1 ) and 15 trillion cubic feet (“Tcf”) of prospective resources on a gross basis (c 11 Tcf P50 unrisked net attributable to Conrad2 ). The company is committed to continue building a substantial gas portfolio and capitalising on the numerous commercial opportunities across our assets aligning with the region’s robust energy demand growth and the ongoing transition from coal to gas.” |
Gas Sales Agreements (GSAs) Finalised. All Mako gas 2C Contingent Resources under the Duyung Production Sharing Contract (“PSC”) are fully allocated to buyers in Singapore and Indonesia.
Regulatory Approvals in Progress. The Sembcorp GSA remains subject to approval by the Indonesian Government. Following a change in government and the installation of a new team at SKK Migas (the relevant government regulator), discussions are ongoing to conclude all approvals in line with any new energy priorities that may be set by the incoming administration.
Mako Project. Refinement/refreshment of schedule and costs continued. The Company commenced inspection work for rigs for the Mobile Offshore Production Unit (“MOPU”) fabrication, commenced detailed engineering for the compressor package, further matured shorebase location and operational planning, and completed analysis of project insurance bids.
PSC Farm-Down Advancements. Conrad is engaged in exclusive discussions with a preferred partner for the farm-down of the Duyung PSC. In conjunction with this farm down, negotiations with multiple financial institutions are taking place with indicative proposals received and due diligence ongoing to fund the debt financing component of the project. |
Let's be clear,This is a huge opportunity, 8,5% of Duyung and a potentially transformation drill in March 25 |
There will be no buying Lnly sellingMms want to crash this |
The hysterical desperation on the short side is plain to see, good luck trying to close those positions in the light of an avalanche of retail investor buying. |
More like the share will destroy you |
Looks to me that certain City spivs have been and still are the wrong side of the short trade, short positions have been in place here for an age HOWEVER you cannot ignore a 1 billion share volume day against a issued cap of 2.5b.
Buyers will be all over this in the next few sessions, the stock is materially miss priced still sub £3m m/cap, should be 2x or 3x that based on their Mako stake alone. |
Like anyone is listening to you soggy bottom maybe time to change your nappy sounds like you have followed through |
Going to destroy this share tomorrow |
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