Conrad Asia Energy (ASX:CRD) is engaged in talks with a preferred candidate for the farm-down of some of its participating interest and related financing of the Duyung production sharing contract in Indonesian waters, according to a Monday Australian bourse filing.
Conrad holds a 76.5% operated participating interest in Duyung via its wholly owned subsidiary, West Natuna Exploration.
Mako gas price will be linked to the Indonesian Crude Price, an oil price index similar to Brent.
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