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Condor Energy Limited (ASX:CND)

ALERT: Price-sensitive ASX Announcement for CND
Current share price for CND : $0.016 -0.007 (-30.43%)+
Announcement
Release
29 Jul 2025 8:21AM
Price at Release
$0.023
Full Release
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Summary
Condor Energy Limited (CND) released its Quarterly Activities/Appendix 5B Cash Flow Report for the quarter ended 31 March 2023. The report details operational and financial activities, including the status of the PEL 100 project and other exploration prospects in the Cooper Basin, South Australia. The company continued to analyze well results, refine geological models, and seek farm-in opportunities. Cash outflows primarily related to exploration and evaluation, with available cash at quarter end. The report also confirms no payments were made to related parties that weren’t disclosed and provides compliance statements. The release reaffirms CND’s focus on progressing current assets, prudent capital management, and strategic partnerships to advance exploration and development.
Key Points
  • Quarterly report covers operations up to 31 March 2023.
  • Main focus on PEL 100 project and prospects in Cooper Basin, South Australia.
  • Ongoing analysis of previous well results and refinement of geological models.
  • Company is seeking potential farm-in partners to accelerate exploration.
  • Cash outflows for the quarter were mainly for exploration and evaluation activities.
  • No undisclosed payments to related parties or their associates.
  • Compliance with ASX Listing Rule 5.4.5 and Appendix 5B requirements.
  • Cash balance reported at end of quarter with prudent financial management.
  • Strategic focus remains on advancing current assets and forming partnerships.
  • Company continues to monitor opportunities to maximize shareholder value.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.