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Australia's Conrad Asia rises to 11-month high on Mako project milestones

By Reuters News03:52 (UTC), 13 October 2026 Updated

** Shares of Conrad Asia Energy CRD.AX advance as much as 5.5% to A$0.76, their highest point since November 20, 2025

** Stock posts its strongest intraday session since October 7

** The gas explorer says production unit for its Mako gas project offshore Indonesia has arrived in the country for conversion work
** Adds gas sales deal to supply 100% of Mako gas output is now effective
** Says Mako project remains on track for first gas in the fourth quarter of 2027

** YTD, stock up 20.6%

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