Conrad Asia opens IPO for Australian Securities Exchange listing

Proceeds will be used for the maturation of the Mako gas field, amongst others.

Conrad Asia Energy has opened its initial public offering for eligible investors in its prospectus for its listing at the Australian Securities Exchange (ASX).

In a statement, Conrad Asia said it is offering over 30.8 million of CHESS Depository Interests (CDI) at an issue price of A$1.46 for a total of A$45m, with the ability for oversubscription to up to A$55m.

Proceeds from the offer will be used for the maturation of the Mako gas field, including front-end engineering and long lead items for gas field development, and work on two joint study areas in Aceh in Indonesia and their conversion into production sharing contracts.

The amount will also be used for seismic acquisition over leads identified in the Offshore Mangkalihat Production Sharing Contracts (PSC) and the Aceh joint study areas if converted into PSCs.

“[T]he Company will be targeting the Singapore market, in which natural gas has accounted for 95% of power generation since 2014. We believe there is a significant market opportunity in Asia to provide natural gas as a cleaner alternative to carbon-intensive coal power generation, and enable the region to sustain its strong economic growth as it transitions to renewable energy over the coming decades,” Conrad Asia Non-Executive Chairman Peter Botten said.

Follow the link for more news on

Conrad Asia Energy

Also Read

GPSC bags $216.85m loan for clean energy investments

Zelestra bags $146.67m financing for Indian solar plant

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit