Empyrean Energy Share Discussion Threads

[the donald] 23/2/2024 09:01

My understanding was the news today was all that was needed prior to GSA. Happy to be corrected. Must say, its great to be back :-)

[judijudi] 23/2/2024 08:58

So what is there left now too hold up the signing?

[blakieboy7] 23/2/2024 08:53

Coro is flying - 40% up

[the donald] 23/2/2024 08:33

Many thanks :-)

[blakieboy7] 23/2/2024 08:31

I'll ask in the group to share here

[the donald] 23/2/2024 08:28

Can anyone share the Telegram link pls? DM me or post on here. Thanks

[martym] 23/2/2024 08:17

MMS stopping the rise by increasing spread??

[tenner party] 23/2/2024 08:14

As always, two questions remain, how much and when. GLA.

[the donald] 23/2/2024 08:10

Light finally at the end of a very long tunnel with Duyung

[blakieboy7] 23/2/2024 08:10

Coro up 30%

[blakieboy7] 23/2/2024 08:09

Another 200k for me this morning

[judijudi] 23/2/2024 08:09

Let’s face it it’s no sacrifice is it
imho

[the donald] 23/2/2024 07:59

Still think it's a liberty taking March's salary sacrifice at 0.25. Surely it should be at the share price at the time?

[currypasty] 23/2/2024 07:40

not asleep, just dozing

[solarfire73] 23/2/2024 07:16

Tom Kelly asleep at the wheel?

[judijudi] 23/2/2024 06:52

Positive for sure
Although we haven’t yet got the gsa signed off
At last a bit of half decent news

[solarfire73] 23/2/2024 06:07

Yes, seems very positive indeed!

[blakieboy7] 23/2/2024 01:10

Early April GSA?! :)

[blakieboy7] 23/2/2024 00:56

httPs://x.com/Conrad_Asia_/status/1760801420008210653?t=joIUI1XhegD52MED2Ufkgg&s=35

[the donald] 23/2/2024 00:28

Anyone got the Telegram link?

[the donald] 23/2/2024 00:27

Oh no JJ, something not to moan about.lol

[the donald] 23/2/2024 00:26

23 February 2024 ASX:CRD
Ministerial Approval of Mako Gas Price & Allocation
Highlights
Conrad Asia Energy Ltd (ASX:CRD) (the “Company”; or “Conrad”), an ASX-listed Asia-focused natural gas exploration and
development company, is pleased to announce that the gas price and volume allocation for the Mako field project in the Duyung
PSC has been approved by the Indonesian Minister of Energy and Natural Resources (the “Minister̶1;). This is a significant
milestone that allows Conrad to finalise fully termed Gas Sales Agreements (“GSA”). The Mako project will contribute to
Indonesia’s target of doubling gas production by 2030.
o SKK Migas, the Indonesian upstream regulator, has informed Conrad that the Indonesian Minister of Mining and
Natural Resources (“MinisterR21;) has issued a letter (the “Allocation Letter”) which approves the volumes and prices for
gas exported and sold domestically from the Mako gas field in the Natuna Sea.
o The Allocation Letter is a key step in advancing the documentation for the sales of Mako gas and access to the West
Natuna Transportation System (“WNTS”), as it serves as the formal basis for reserving pipeline capacity for the
evacuation of Mako gas. As previously disclosed, Conrad is continuing to work with the relevant parties and SKK
Migas to finalise the GSAs (with customary conditions precedent).
Conrad Managing Director and Chief Executive Officer, Miltos Xynogalas, commented:
The approval by the Minister of the Mako gas price and volume allocation is an important milestone towards the completion of
the Mako GSAs. Together with the WNTS access agreements these are key requirements for a final investment decision on the
Mako field development. I am very pleased to receive the continuing support from the Government of Indonesia for the
development of this important gas field which will contribute to Indonesia’s objective of increasing domestic gas production
and transitioning to cleaner burning fuels.
Conrad has made significant progress with the Mako gas project, including securing government approvals, maturing farm
down discussions, and pushing forward with debt funding initiatives. The injection of capital from the recent successful capital
raise has put us in a strong position to conclude the last outstanding issues on achieving the final investment decision.

[stewart4990] 22/2/2024 23:10

Evening Jemjem,Just seen that on Telegram. That's a huge step forward in my view.