New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$15m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$123.5m market cap, or US$85.8m). Announcement • May 13
Conrad Asia Energy Ltd., Annual General Meeting, Jun 16, 2026 Conrad Asia Energy Ltd., Annual General Meeting, Jun 16, 2026, at 09:30 Singapore Standard Time. Location: raffles city convention centre, 80 bras basah road, singapore 189560, with live voting, Singapore Announcement • Apr 28
Conrad Asia Energy Ltd. (ASX:CRD) completed the acquisition of 15% stake in West Natuna Exploration Ltd from Coro Energy Duyung (Singapore) Pte Ltd. Conrad Asia Energy Ltd. (ASX:CRD) agreed to acquire 15% stake in West Natuna Exploration Ltd from Coro Energy Duyung (Singapore) Pte Ltd. for $1.28 million on April 10, 2025. A cash consideration of $0.3 million will be paid by Conrad Asia Energy Ltd. The consideration consists of 0.5 million common equity of Conrad Asia Energy Ltd. to be issued for assets of West Natuna Exploration Ltd. Conrad Asia Energy Ltd. will pay $0.75 million to the extent that Conrad or WNEL's interest in the Duyung PSC falls below 20% at that time, then such payment may be reduced dependent on the extent of that reduction on interest. As part of consideration, $1.05 million is paid towards assets of West Natuna Exploration Ltd.
The transaction is subject to approval of offer by acquirer shareholders, target shareholders and approval of offer by acquirer board. The deal has been unanimously approved by the board. The sale is also conditional on approval from Indonesia's Ministry of Energy and Mineral Resources having been obtained on or before August 31, 2025. As of May 14, 2025, the transaction has been approved by the shareholders of Coro. Transaction completion is expected prior to a long-stop date during Q3 2026.
Adrian Hadden and Ben Jeynes of Cavendish Capital Markets Limited acted as financial advisor for Coro Energy Duyung Pte Ltd.
Conrad Asia Energy Ltd. (ASX:CRD) completed the acquisition of 15% stake in West Natuna Exploration Ltd from Coro Energy Duyung (Singapore) Pte Ltd. on April 27, 2026. Following the approval of the sale by Indonesia's Ministry of Energy and Mineral Resources the Transaction has now completed and 500,000 shares in Conrad Asia Energy Ltd have been issued to the Company. 
