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How Conrad’s $320M Farm Down Deal Unlocks Mako Gas Field Production
1:42pm on Wednesday 19th of November, 2025 AEDT
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Energy
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How Conrad’s $320M Farm Down Deal Unlocks Mako Gas Field Production
1:42pm on Wednesday 19th of November, 2025 AEDT
Key Points
Nations acquires 75% non-operated interest in Duyung PSC
Conrad’s subsidiary WNEL retains 25% interest, fully carried to production
Nations funds 100% of project costs, including WNEL’s share via a carry loan
Milestone payments of US$16 million to WNEL across 2026–2027
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