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Global Oil & Gas ( (AU:CND) ) has issued an update.
Condor Energy Limited, operating under ASX code CND, has announced a significant upgrade in the contingent resources of its Piedra Redonda gas field, now estimated at 1 trillion cubic feet. This increase represents a 147% rise from previous estimates and positions Piedra Redonda as one of the largest undeveloped offshore gas discoveries on the west coast of South America. The findings, based on reprocessed seismic data and advanced geological studies, enhance Condor’s strategic value in the Tumbes basin and expand commercialization options.
More about Global Oil & Gas
YTD Price Performance: 4900%
Average Trading Volume: 446
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $6.89M
For a thorough assessment of CND stock, go to TipRanks’ Stock Analysis page.