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How Conrad Asia and Empyrean Settled Duyung PSC Dispute to Unlock Mako Gas Field
9:00am on Friday 30th of January, 2026 AEDT
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Energy
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How Conrad Asia and Empyrean Settled Duyung PSC Dispute to Unlock Mako Gas Field
9:00am on Friday 30th of January, 2026 AEDT
Key Points
Binding term sheet signed to settle cash call arrears dispute
Empyrean transfers 8.5% interest in Duyung PSC to Conrad’s subsidiary
Creation of Singapore-based special purpose vehicle with shared ownership
Empyrean to pay US$706,777 as full settlement of past claims
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CONRAD ASIA ENERGY (ASX:CRD)
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