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Better let the bod know then.
Quarterly update, strong progress within the quarter towards GSA, aiming for end of May at latest.
Well, if anyone is feeling sorry for themselves ... just have a look at Bens creek
I held that share at its peak and did not sell until it went down from 100 to 15
its now 0.35 --- so I still got nailed but it could have been worse.
I held EME at its recent peak of over 2 years ago and till have over 3M Shares.
so I am feeling bruised and I have been an idiot.
But -- my concern now is the the BOD will do what the BOD of Bens creek did and so I wonder if they are purposefully wanting this low share pRice ??? then they will collapse the Company and all do really well with their hidden deals.
They certainly do not appear to be delivering on their duties to Sharholders and TK is protected by other mechanisms - he will profit somehow???
When are this 'bad joke' bod going to actually do something for the shareholders?
Be very wary of buying or topping up. Over the last two years 95 companies out of 738 listed on the AIM have gone out of business. For those that can’t get their heads around that it means you lose all your £££’s, just saying.
Probably just foreskin.
And hopefully the RNS today is a good sign too - skin in the game!
Looks like a good Q2 coming up
Just got this email
Just got this email
Mako Gas Sale Key Terms Signed with PGN
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 it has entered into binding Key Terms for the sale and purchase of the domestic portion of Mako gas (“Key Terms”) with PT Perusahaan Gas Negara Tbk (“PGN”), the gas subsidiary of PT Pertamina (Persero), the national oil company of Indonesia. Under these binding Key Terms, Conrad and PGN will agree in good faith and sign a fully termed Gas Sales Agreement for the domestic portion of the gas produced from the Mako field (“GSA”) located in the Duyung Production Sharing Contract (“PSC”) in the West Natuna Sea, offshore Indonesia.
On 27 March 2024, Conrad and PGN entered into binding Key Terms thereby committing to agree and to sign a GSA for the domestic portion of the gas produced from the Mako field.
Under the Key Terms, the parties will conclude negotiations for and agree in good faith a GSA that will include and be based upon the Key Terms. The parties shall endeavor to sign such GSA by no later than 31 May 2024.
This GSA will be subject to the construction of the pipeline connecting the West Natuna Transportation System (“WNTS”) with the domestic gas market in Batam. It forms part of Conrad’s Domestic Market Obligation (“DMO”) as set out in the Mako’s revised Plan of Development (“POD”). The sales volumes under this GSA will represent approximately 29.5% of Mako sales gas volumes until the PSC expires in January 2037.
The remainder of the Mako sales gas volumes will be sold to Singapore where a term sheet was signed in 3Q 20232 and Conrad is moving towards finalising a GSA over the coming months.
These Key Terms are an important step towards the Mako development final investment decision (“FID”) planned by midyear 2024.
Conrad Managing Director and Chief Executive Officer, Miltos Xynogalas, commented: Conrad has been working closely with PGN for the commercialisation of Mako gas. These Key Terms are a very important milestone paving the way for a fully termed gas sales agreement and brings the company a step closer to the FID for the Mako development. This agreement, combined with Conrad’s recent signing of a Memorandum of Understanding for its Aceh gas resources also with PGN, will further advance the Government of Indonesia’s ambition to meet the fast-growing energy needs of the country.
You can ask the same of any company on AIM Gary
In answer to your question on 20 March Gazza ... obviously not.
Anyone investing here has SERIOUSLY got to ask themselves can I afford to lose all of my investment because it's a distinct possibility ... AIM = Gambling.
Dodgy crossing !!
Does someone know something we dont. Both buys
20-Mar-24 10:48:30 0.607 14,000,000 Unknown* 0.518 0.632 84.98k
20-Mar-24 10:48:15 0.60 14,000,000 Unknown* 0.518 0.632 84.00k
A simple division taking your numbers is around $72 million pa. of P2 reserves. In my opinion this asset will be sold off by the bod to continue their successful drilling campaign (lol) .
As I said in January the indionesian gas is actually worth $500m to EME over the first 7 years, that is not a punt but an actual asset, work it out for yourselves.
The drill in the China Sea is a punt, but if second time lucky then absolutely massive.
I calculate EME 8.5% share less 8.5% of costs, is worth $500m over the first 7 years calculated at $2 a therm. If that is not the wholesale price then you can recalculate to whatever it is.
Beware of blatant rappers eh Sushi?
This is no more than a speculative AIM share, any buyer is simply having a punt, a guess as to a future profit, no more, no less.
Https://www.naturalgasworld.com/conrad-asia-energy-pgn-team-up-to-develop-aceh-gas-resources-109990
CONRAD ASIA ENERGY, PGN TEAM UP TO DEVELOP ACEH GAS RESOURCES
Mar 1, 2024 9:30:am
SUMMARY
Under the MoU, Conrad and PGN will cooperate in the provision of gas or LNG supply and jointly explore the commercialisation of gas resources in the shallow-water discoveries within the Aceh PSCs.
BY: SHARDUL SHARMA
Conrad Asia Energy, an Australia-listed energy company, has entered into a Memorandum of Understanding (MoU) with Perusahaan Gas Negara (PGN), the gas subsidiary of Indonesia's state-o.
How much debt does Coro have…..?
You haven't got a clue and obviously haven't done your research on either company.
Empyrean energy 8.5%
7 million MC
Coro Energy 15% - ALMOST DOUBLE THE PERCENT INTEREST OF EMPYREAN ENERGY
5.7 Million MC
BIG RERATE COMING
Coro Energy plc’s equity essentially a leveraged play on commodity prices
(Duyung NPV10 US$87M - net to Coro at USD80/bbl)
15% Interest in Duyung PSC containing
Mako Gas field in Indonesia; 437 Bcf
discovered gas resource (gross) with
recently signed GSA heads
Revenue producing 3MW Vietnamese
rooftop Solar portfolio with 50MW
construction programme underway
Four 100MW onshore Solar and wind
projects in Philippines (development
stage) with recent permitting progress
Empyrean energy 8.5%
7 million MC
Coro Energy 15% - ALMOST DOUBLE THE PERCENT INTEREST OF EMPYREAN ENERGY
5.7 Million MC
BIG RERATE COMING
Participating stake in the Duyung PSC, (Singapore).
Interest below
Conrad Asia Energy 76.5%
Empyrean energy 8.5%
Coro Energy 15%