Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It would be fascinating to know what revenues Angra is now generating on top of GS20, which we believe we can get an insight to based on exchange volumes. Could it be equivalent to what the exchange is doing? i.e. double the daily revenues that have been discussed.
And ??
Https://youtu.be/ZEE-7j2uNNg
Conrad Asia CEO statement 31st of May
Gas sales agreement or GSA negotiations have been a particular focus of Conrad’s Board and management. Advanced tripartite
discussions between the Company, a Singapore gas buyer, and the Indonesia regulator, SKK Migas are nearing conclusion, with
key terms expected to be finalised this quarter. Our objective is to then complete a definitive GSA following that agreement.
As I mentioned earlier, Conrad engaged a global investment bank to lead a farm-down process for the divestment of a portion
of Conrad’s interest in the Duyung Production Sharing Contract. The process is ongoing and has drawn the interest of several
upstream parties. This positive sentiment underscores the merit of our strategy.
Coro has 15% valued at $81million approx.
First Oil by the end of the year should see a big rerate here with institutions coming on board now its derisked. Certain multibagger from here,and how many of those are there at the moment? Easy buy and hold for anyone's portfolio in this awful market, surprised it didnt rise more yesterday but still a bargain down here. GLA, nice to be making some money for a change!
Conrad holds a 76.5% operated interest in the Duyung PSC , with a revised POD approved by the Indonesian regulator seeing contingent resources increased by 458% (relative to the initial POD). The Duyung PSC includes the Mako gas field which contains close to 500 billion cubic feet, of which 297 billion cubic feet is net attributable to the joint venture where Conrad owns 76.5%. The company is currently in discussions with buyers in Singapore and Indonesia regarding gas sales agreements, with two Heads of Agreement already signed with buyers from Singapore.
Conrad already has an approved plan of development and work is currently underway to conclude a gas sales contract with a Singapore gas buyer and Indonesian regulator SKK Migas, which could allow for first gas sales in 2025 transitioning Conrad Asia into a significant cash flow generator.
Coro 15% of 297 Billion Cubic Feet of Gas, 44.5 Billion Cubic Feet, $85million dollars approx.
In line with the Company's previously announced strategic change to focus on larger integrated service contracts, the Company has engaged with several potential clients for the broader service offering, which has been very positively received. In particular, negotiations concerning a significant order for an integrated service contract have progressed but have not materialised in time for the end of this year. While there is the possibility that negotiations could be completed in the near term, the majority of the revenues would be recognisable in the financial year commencing 1 April 2023.
March Trading Statement, considering FABs clients include 8 of the top 10 Pharma companies in the world by turnover, their services are well regarded.
do some research in one sentence and then no news and sp drifting down in the other....... if youve done some research and you are confident in the company and the direction of travel ( and for that the sign posts are huge) then why would a small delay in news and a drift in shareprice be critical. octp waited two months extra for their approval, it still came, its just the civil service of this country. fca didnt give gst a sandbox plan for ****s and giggles.
I think youre right LJ, Uk want this to happen in a regulated fashion and have given us a Sandbox Plan to help the company and the UK get there. The US news shows that this is happening and the UK wont want to be left behind as is usually the case. The Asia Pacific region is the great growth area and GST have the connections there. Be crazy for the FCA and the Government not to help GST develop its model.
If we get the sandbox we might start to see wider recognition with the crypto bill bringing attention to the space in the UK , also there is an aquisition to come, maybe a steady sustained rise rather than the drift. But it is utterly toxic in here and the people who engage in it are doing there invesment no favours. Discussion about the use cases and potential of the company and its ofering would be more useful to new investors.