Conrad Asia Energy (ASX:CRD) | JMM & Alpine Capital Emerging Energy Conference | September 2024

Summary

Conrad Asia Energy, listed on the ASX with a market cap of $150 million, is an Asian-focused natural gas exploration and production company. They operate the Moo gas field in the Nuna Sea, Indonesia, with over half a trillion cubic feet of gas reserves. The company is uniquely positioned as the only pure offshore gas firm in the Asia Pacific, capitalizing on the region's rapid energy consumption growth and transition from coal to cleaner natural gas. Conrad aims to double its gas production by 2030, with significant assets in Indonesia, the world's fourth most populous country with robust GDP growth and high energy demand. Recent contracts with Samcor and domestic gas agreements secure the company's growth, with further exploration in the Acheh area promising substantial resource expansion.

Takeaways

• 📈 Conrad Asia Energy, with the ticker code CRD, is an Asian-focused exploration and development company listed on the ASX with a market cap of around $150 million.
• 🌏 The company operates primarily in the Nuna Sea in Indonesia, focusing on the Moo gas field, which is a significant offshore natural gas resource.
• 🔥 Asia is the fastest-growing energy and gas consumption region in the world, presenting a substantial opportunity for gas exploration and production companies like Conrad.
• 🌟 Conrad is unique as the only pure offshore listed gas company in the Asia Pacific region, which differentiates it from more integrated oil and gas companies.
• 🌱 Indonesia, where Conrad operates, is the fourth most populous country and has strong GDP growth, indicating a large market opportunity and high energy demand.
• 🌿 The company is positioned to contribute to the energy transition in the region, as there's a push to move away from coal towards cleaner energy sources like natural gas.
• 📉 Indonesia has one of the fastest-growing carbon emissions, and Conrad aims to help address this by doubling its gas production by 2030, aligning with the country's environmental goals.
• 📊 Conrad's resource base is over half a trillion cubic feet of gas, with plans to bring these discoveries into production over the next few years.
• 📝 The company has signed a contract with Samcor, committing all the gas discovered at Moo, which is a significant milestone in securing off-take agreements.
• 🚀 Conrad has identified deeper water prospectivity with around 15 trillion cubic feet of prospective resources, indicating high-impact exploration potential.

Q & A

What is the ticker code for Conrad Asia Energy?

The ticker code for Conrad Asia Energy is CRD.

What is the primary focus of Conrad Asia Energy's operations?

Conrad Asia Energy primarily operates in the natural gas exploration and production sector, focusing on the offshore Moo gas field located in the Nuna Sea in Indonesia.

What is the market cap of Conrad Asia Energy?

The market cap of Conrad Asia Energy is around 150 million USD.

How does Conrad Asia Energy's focus on Asia present an opportunity for the company?

Asia is the fastest-growing energy consumption region in the world, particularly for gas, presenting a significant opportunity for Conrad Asia Energy to develop its business.

What is the size of Conrad Asia Energy's resource base in terms of gas?

Conrad Asia Energy's resource base is just over half a trillion cubic feet of gas.

Why is Conrad Asia Energy considered unique in the Asia Pacific region?

Conrad Asia Energy is unique as it is the only pure offshore listed gas company operating in the Asia Pacific region, with a focus solely on natural gas and not integrated with oil.

What is the significance of Indonesia for Conrad Asia Energy?

Indonesia is significant for Conrad Asia Energy as it is the fourth most populous country in the world with strong GDP growth and a large resource base, providing a huge market opportunity.

What is the current status of the gas contracts for the Moo gas field?

Conrad Asia Energy has signed gas contracts for the Moo gas field, committing all the discovered gas.

What are the exploration prospects in the Ache area for Conrad Asia Energy?

In the Ache area, Conrad Asia Energy has four discoveries with about 200 BCF of gas and is planning to conduct 3D seismic surveys to potentially double the resource size.

What is the potential impact of Conrad Asia Energy's deep-water prospects?

Conrad Asia Energy has identified around 15 trillion cubic feet of prospective resources in deeper water areas, which could be among the most impactful exploration plays for any listed company on the ASX.

What are the key catalysts for Conrad Asia Energy in the coming months?

Key catalysts include the farm-out of the Moo gas field to reduce Conrad Asia Energy's interest to around 40-50%, moving towards FID, and bringing the field into production by 2026.