Empyrean Energy Share Discussion Threads

[judijudi] 24/6/2024 07:00

Conrad share price rocketing 🤷🏻‍♂️🙈🤦🏻😩

[odillon] 24/6/2024 06:50

Conrad Managing Director and Chief Executive Officer, Miltos Xynogalas, commented: As shared during our recent AGM, our focus has been finalising the underwriting gas sales agreements between the Mako Joint Venture, the Indonesian Government and Regulator and a Singapore based customer. These agreements are the essential documents that demonstrate financial viability of the project, which in turn underwrite value and financial sustainability.

This announcement is therefore an important step for Conrad in commercialising the Mako Gas Field and building its gas business in Indonesia. Conrad has been working closely with PGN for the commercialisation of Mako gas and is delighted to have progressed this to a formal GSA.

This GSA is a significant milestone on the road to FID which is targeted for Q4 of the current year

[showme01] 24/6/2024 06:19

Great news and I wonder if this progress could be enough to satisfy CNOCC to extend Topaz for another year as we can now demonstrate progress and ability to fund the drill if no suitable JV partner can be found?

[odillon] 24/6/2024 00:27

The above extract is from the Conrad website in the investor section

[odillon] 24/6/2024 00:25

Nice spot Blakie



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 it has entered into a binding Gas Sales Agreement (GSA) for the sale and
purchase of the domestic portion of Mako gas with PT Perusahaan Gas Negara Tbk (“PGN”), the gas subsidiary of PT Pertamina
(Persero), the national oil company of Indonesia.
The GSA with PGN for gas from the Mako gas field (in which Conrad has a 76.5% Participating Interest), is an important step in
the commercialisation of the Mako gas field (the largest undeveloped gas field in the West Natuna Sea). PGN is Indonesia’s
largest gas company1. A separate GSA is being negotiated for the remainder of the Mako gas resource which is targeted to be
exported to Singapore2
.
The West Natuna Sea gas gathering system is already connected to Singapore. PGN is proceeding with planning a tie-in line to
the island of Batam across the Malacca Straight that will connect the Natuna Sea to the Indonesian market.
Completion of both GSAs will be significant milestones on the path to a Final Investment Decision (“FID”) for the Mako project
targeted for Q4 20243
.
o On 21 June 2024, Conrad and PGN entered into a binding GSA for the domestic portion of the gas produced from the
Mako field.
o This GSA will be subject to the construction of a pipeline connecting the West Natuna Transportation System (“WNTS”)
WNTS with the domestic gas market in Batam and it forms part of Conrad’s Domestic Market Obligation (“DMO”) as
set out in the Mako’s revised Plan of Development (“POD”).
o The Total Contracted Gas volume under the PGN GAS is up to 122.77 trillion British Thermal Units (“TBtu”) with
estimated plateau production rates of 35 billion British Thermal Units / day (“BBtud”). The terms of the GSA are
confidential.
o The remainder of the Mako sales gas volumes are targeted to be sold to Singapore and for which a non-binding Term
Sheet signed in 3Q 20234
. Conrad is moving towards finalising a GSA for the Mako export gas over the coming few
weeks.
o In addition to the significance for the Mako Development, this GSA builds an important platform with Indonesia’s
national gas company. Conrad will continue to grow its business relationship PGN with its other discovered gas
resources offshore Aceh and related to which the two parties signed a Memorandum of Understanding (“MOU”) in
February this year.

[blakieboy7] 24/6/2024 00:13

Ann: Mako Binding Gas Sale Agreement Signed with PGN

[blakieboy7] 24/6/2024 00:12

https://hotcopper.com.au/threads/ann-mako-binding-gas-sale-agreement-signed-with-pgn.8064078/

[showme01] 23/6/2024 10:25

Thanks JJ. I share your frustration but we want to attract new investors at this very low level when Duyung news finally starts to flow positive. Topaz must still be a possibility but would be a bonus as everyone has likely written it off. But you never know says my glass half full 🤪🕺🤞🤩

[judijudi] 23/6/2024 06:58

show,
Topaz as it must be very close to being a gonner 🤷‍a94;️
Although on reflection I agree that at this precise moment in time it’s Duyung which is our flagship asset (which as far as we know we are not in danger of loosing)
Ive amended my post slightly mate

[showme01] 23/6/2024 04:30

JJ, massive danger in losing its flagship asset? Really?

[odillon] 23/6/2024 00:21

GSA singed off - Low Sulphur may be right about that.

[blueblood] 22/6/2024 06:59

I didn't say 2024 could be 2124 lol

[judijudi] 21/6/2024 20:50

End of 24 😂😂🤦🏻9335;🏻‍;♂️8584;

[showme01] 21/6/2024 20:15

Easy money at this level. Imo

[blueblood] 21/6/2024 19:57

No drugs but don't see this dragging on past end 24 without major progress. Pressure building on Conrad & Indonesians to get it done especially as gas looks likely to spike again in next 6 months imo

[judijudi] 21/6/2024 19:48

I’ve had most drugs that don’t break skin
I think you must be on one I’ve never tried Blue 😂😂

[showme01] 21/6/2024 19:40

No, but you should get on them JJ. It might help.lol

[judijudi] 21/6/2024 19:36

blue
Are you on drugs my mate?

[lowsulpher1] 21/6/2024 12:23

Hi blueblood hope your right the week after next that the GSA is finally singed off and eme can sell Duyung and move on to Topaz thats if eme can get an extension on the licence,or other projects.

[blueblood] 21/6/2024 11:27

Next week is last trading week in H1. Surely H2 24 is when Duyung finally makes major progress with GSAs, FID, JVP and /or asset sale!

[judijudi] 21/6/2024 06:15

I doubt it very much

[blueblood] 21/6/2024 06:13

Conrad finally moving back up on increasing volume. Is the GSA finally in sight.....

[ny boy] 21/6/2024 05:00

Just nonsense, has been for years, far too many of these worthless stocks still sucking in mug punters monies.🤦7995;‍♀️➡ʊ39;🗑️


NY Boy30 May '23 - 11:09 - 52546 of 55134 Edit
0 2 1
Podium..totally agree, most AIM plays go bust, especially during a credit crunch, cash starvation common. Higher rates and for longer will cripple many AIM plays with poor accountability

More and more dilution,roll up for the AIM circus 🎪 🤡