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Global Oil & Gas ( (AU:CND) ) just unveiled an announcement.
Condor Energy Limited has reported significant progress in exploring the Piedra Redonda gas field, part of its offshore Peru block. Recent evaluations reveal a contingent resource estimate of 1 trillion cubic feet of gas, positioning Piedra Redonda as one of the largest undeveloped offshore gas discoveries on South America’s west coast. The field’s proximity to market demand and infrastructure supports potential scalable development, including gas-to-power solutions. New seismic data has opened up further exploration and development opportunities, enhancing the field’s deliverability potential.
More about Global Oil & Gas
Condor Energy Limited is an Australian oil and gas company focused on exploration activities, particularly offshore Peru. With an 80% working interest in the offshore block under the Technical Evaluation Agreement, Condor collaborates with Jaguar Exploration Limited and Havoc Services Pty Ltd to evaluate potential resources using advanced seismic data reprocessing.
YTD Price Performance: 100%
Average Trading Volume: 5,223
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $10.23M
See more data about CND stock on TipRanks’ Stock Analysis page.
