Global Oil & Gas (AU:CND) has released an update.
Condor Energy Limited has completed a technical review of its Piedra Redonda Gas Field, identifying multiple scalable development options, including gas-to-power and compressed natural gas for industrial and domestic use. The field, located offshore Peru, holds significant contingent resources, with an estimated 404 billion cubic feet of gas and a low-risk potential upside of 2.2 trillion cubic feet. This progress bolsters Condor’s plans for future commercial and feasibility studies to optimize the field’s commercialisation.
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