Global Oil & Gas (AU:CND) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Condor Energy Limited, alongside partner Jaguar Exploration, is venturing into the Tumbes Basin offshore Peru under a Technical Evaluation Agreement. This deal grants them an exclusive right to negotiate for a license over a 4,858 km2 area, potentially rich in oil and gas, for two years with a possible one-year extension. Condor holds an 80% stake, signaling a strategic move to expand their exploration footprint.
For further insights into AU:CND stock, check out TipRanks’ Stock Analysis page.