Proactive investors link11 Jul 2023 12:05
Https://youtu.be/ZEE-7j2uNNg
Conrad Asia CEO statement 31st of May
Gas sales agreement or GSA negotiations have been a particular focus of Conradโs 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 Conradโs 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.