Global Oil & Gas ( (AU:CND) ) has provided an announcement.
Condor Energy Ltd has successfully raised A$3 million through a placement of new shares to expedite its exploration and commercialisation workplan in the Tumbes Basin, offshore Peru. This funding will advance technical work on high-priority prospects, resource assessments, and the commercialisation of the Piedra Redonda gas discovery, enhancing the company’s strategic positioning and potential partnerships in the region.
More about Global Oil & Gas
Condor Energy Ltd is a company operating in the oil and gas industry, primarily focusing on exploration and commercialisation activities. Its market focus includes the Tumbes Basin offshore Peru, where it holds a Technical Evaluation Agreement (TEA) with substantial seismic datasets and resource assessments.
YTD Price Performance: 5000%
Average Trading Volume: 446
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $11.01M
See more data about CND stock on TipRanks’ Stock Analysis page.