Global Oil & Gas Limited (AU:GLV) has released an update.
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Global Oil & Gas Limited, soon to be renamed Condor Energy Limited, has identified over 20 prospects and leads in an offshore Peruvian basin, with plans to enhance three major oil and gas prospects and a known gas field using advanced seismic reprocessing. The company’s review highlighted the potential of the Piedra Redonda gas field which boasts significant contingent and prospective resources. With a market capitalization of $26.6M and a strong financial position featuring no debt and $2.5M in cash, the firm is poised for growth in the oil and gas sector.
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