Global Oil & Gas (AU:CND) has released an update.
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Condor Energy has announced promising developments at its Piedra Redonda gas field in Peru, highlighting improved reservoir connectivity and the potential for significant resource growth. With reprocessed seismic data revealing a substantial gas column and the possibility of repeated traps, the company is optimistic about future monetization of the asset. An updated resource estimate is underway, which could bolster investor confidence in Condor’s market potential.
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