Conrad Asia Energy is focused on natural gas in the shallow waters offshore Indonesia, and via its wholly owned subsidiaries, is the holder of several operated tenements in offshore Indonesia in the form of Production Sharing Contracts (PSCs). The Company specialises in the identification and acquisition of undervalued, overlooked, and/or technically misunderstood gas assets, and has developed expertise in maturing such assets through subsurface technical work, appraisal drilling and an innovative approach to low-cost field development.

LEARN MORE

Investment Highlights

image-21

Offshore Asian gas resources to supply world’s largest growing market

image 5

Compelling regional market fundamentals

mako-gas-field

Mako Gas Field development with sales terms agreed with a major gas buyer

image 6

Near-term Goals add value and derisk development

expo-assets

Growth and Exploration Opportunity with Aceh PSCs

image 7

Experienced Board & Management Team with proven track record

Get the Latest News

Our Assets

Mako-Gas-Field_JPEG

(1) Competent Person’s Report (CPR) for Duyung by Gaffney, Cline & Associates (GaffneyCline) 26 August 2022. Resources attributable to Conrad are based on Conrad's participating interest of 76.5% in the Duyung PSC.

(2) ASX Release - 13 November 2023: Aceh: Prospective Resources in Excess of 11 Tcf (Net)

  • Pure play exposure to Asia offshore gas and to the world’s fastest growing energy market
  • Total 2C Contingent Resource of 578 Bcf (376 Bcf net attributable to Conrad) across Conrad’s offshore Indonesian portfolio
  • A 76.5% Participating Interest in the Mako Gas Field with 2C Contingent Resources of 413 Bcf (215 Bcf net to Conrad)
  • A relatively simple, low-cost development
  • Adjoining export infrastructure connected to Singapore and key sales terms agreed with SembCorp Gas and endorsed by the Indonesian Regulator
  • Indonesia is the 4th most populous country in the world, with growing domestic gas demand driven by robust economic growth
  • Singapore is Conrad’s near-term market opportunity with strong and reliable gas price dynamics
  • Balanced portfolio consisting of fully appraised development opportunity, discovered resources and significant exploration potential
  • Awarded two new PSCs in Aceh - shallow and deep water areas with numerous gas discoveries
  • Targeting near-term goals to de-risk development of the Mako Gas Field and add value to growth portfolio
READ MORE

Board & Management

Peter 1 - Cropped-BW

Peter Botten

Non-Executive Chairman

Miltos 2 - Cropped-BW

Miltos Xynogalas

Founder, Managing Director & CEO

Dave 2 - Cropped-BW

David Johnson

Executive Director & COO

Peter (1)

"With a specialisation in identifying and acquiring of undervalued, overlooked, and/or technically misunderstood gas assets, we look forward to advancing Conrad as we grow as an independent gas development and production company, supplying low carbon intensity, affordable energy in the form of natural gas throughout the Southeast Asia region."

PETER BOTTEN

Non-Executive Chairman

Miltos (1)

"With an exciting portfolio of exploration projects in the Asia region, Conrad aims to become a significant gas producer in the fastest growing market in the world. With an upcoming IPO planned for 2022, we look forward to further advancing the Company as we seek to add further value to our portfolio of assets."

MILTOS XYNOGALAS

Founder, Managing Director & CEO

Headshot - David Johnson (1)

"We treat others with both dignity and respect, regardless of their circumstances, situation or background. We strongly believe that everyone has the ability to bring something different to the table and make a contribution."

DAVID JOHNSON

EXECUTIVE DIRECTOR & COO

Media

Media-376X271-003

20 November 2025

Upstream Online

Conrad advancing to Indonesia gas project FID

READ MORE
CRD_2nd Image

20 November 2025

Kalkine

Conrad Extends Gas Ambitions Through All Ordinaries Energy Landscape

READ MORE
imgpsh_fullsize_anim (13)

28 October 2025

Upstream Online

Conrad seeks farm-in partner for gas-rich offshore assets

READ MORE