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Global Oil & Gas ( (AU:CND) ) has provided an update.
Condor Energy Limited has announced a significant independent assessment by Netherland Sewell & Associates Inc., confirming a multibillion barrel prospective resource across five prospects in the Tumbes Basin offshore northern Peru. The evaluation highlights a best estimate of 3 billion barrels of oil, with the largest prospect, Bonito, estimated at 1 billion barrels. This discovery enhances Condor’s exploration potential and positions the company strategically within the industry, as it begins a farmout process to explore these resources further.
More about Global Oil & Gas
Condor Energy Limited operates in the oil and gas industry, focusing on exploration and development of petroleum resources. The company is engaged in identifying and developing oil prospects, particularly in offshore regions like the Tumbes Basin in northern Peru.
YTD Price Performance: 100.0%
Average Trading Volume: 10,000
Technical Sentiment Signal: Buy
Current Market Cap: $9.71M
For detailed information about CND stock, go to TipRanks’ Stock Analysis page.