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Global Oil & Gas ( (AU:CND) ) just unveiled an announcement.
Condor Energy Limited has announced a significant increase in its resource estimates following independent evaluations. The company’s offshore block in Peru is estimated to hold a multibillion-barrel prospective oil resource and a substantial contingent gas resource, positioning it as a major player in the region. With support from Peru’s energy regulator, Condor is advancing its exploration efforts, which could have significant implications for its market position and stakeholders.
More about Global Oil & Gas
Condor Energy Limited is an Australian oil and gas exploration company with a focus on offshore exploration activities in Peru. The company holds an 80% working interest in the Technical Evaluation Agreement (TEA) LXXXVI, a significant offshore oil and gas block, and collaborates with US-based Jaguar Exploration Limited.
YTD Price Performance: 100%
Technical Sentiment Signal: Buy
Current Market Cap: $12.14M
Find detailed analytics on CND stock on TipRanks’ Stock Analysis page.