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CONRAD ASIA ENERGY LTD. (ASX: CRD)

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CRD: 75% Increase in Conrad Total Net Attributable Resources

CONRAD ASIA ENERGY LTD.

2023-05-16 09:18:00

CRD: New PSCs with existing gas resources and multi Tcf potential

CONRAD ASIA ENERGY LTD.

  1. Conrad signed two new Production Sharing Contracts (“PSCs”) for offshore northwest and southwest Aceh, where Conrad will operate and hold a 100% Participating Interest in each block.
  2. The blocks contain known gas discoveries (Contingent Resources) in shallow water and at shallow reservoir depths as well as additional prospectivity in both the shallow and deeper-water areas of the PSCs.
  3. The gas discoveries in the shallow water were made in the 1970’s and have all been successfully flow tested at powerful rates.

2023-01-06 09:03:00