Moore Australia congratulates Conrad Asia Energy Ltd, for its $45 million capital raising and successful listing on the Australian Stock Exchange (ASX) today.
“We are delighted for Conrad Asia Energy, and for being able to be part of their journey in listing today”, says Moore Australia (WA) Managing Partner, David Tomasi.
“The initial public offering (IPO) provides the ideal platform for Conrad Asia Energy to help grow and develop its portfolio of gas assets in Indonesia and across the Southeast Asian region,” says David.
Moore Australia Corporate Finance Directors Neil Pace and Peter Gray, together with Associate Director Carmin Johnson, undertook the role of investigating Accountant, whilst the Audit was led by Moore Stephens Singapore.
“It’s been a pleasure working alongside Conrad Asia Energy, Moore Stephens Singapore, Clayton Utz, and the joint lead managers over the last 12 months, and being part of the team that has taken the company to a listing on the ASX. To see them receive such a strong response from investors is inspiring. We wish them all the best going forward,” says Neil.
About Conrad Asia Energy
Conrad Asia Energy is focused on natural gas in the shallow waters offshore Indonesia, and via its wholly-owned subsidiaries, is the holder of three 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.
Conrad operates within the Asian oil and gas industry with a current focus on the exploration, appraisal and development of offshore natural gas projects in Indonesia. Asia is increasingly becoming a major consumer of both oil and natural gas, representing 36% of global oil demand and 21% of global natural gas demand in 2020.