InvestSMART

Condor Energy Limited (ASX:CND)

ALERT: Price-sensitive ASX Announcement for CND
Current share price for CND : $0.015 -0.006 (-28.57%)+
Announcement
Release
29 Apr 2026 5:09PM
Price at Release
$0.021
Full Release
download
Summary
Condor Energy Limited's quarterly activities report for March 2026 highlights significant technical progress in their offshore Peru portfolio, focusing on the TEA 86 area in the Tumbes Basin. The company has identified large-scale deepwater reservoir systems, reducing exploration uncertainty, and expanded the Greater Raya Prospect to over 900 million barrels of gross unrisked prospective resources. Additionally, Condor is progressing towards exploration license conversion and strategic partnerships. The Appendix 5B Cash Flow Report shows a decrease in cash and cash equivalents, with net cash used in operating and investing activities. The company has six quarters of estimated funding available, indicating a stable financial position.
Key Points
  • Condor Energy Limited advanced its technical and commercial workstreams in offshore Peru.
  • The Greater Raya Prospect was expanded to over 900 million barrels of gross unrisked prospective resources.
  • The company identified large-scale deepwater reservoir systems, enhancing the exploration potential.
  • Condor is progressing towards exploration license conversion and strategic partnerships.
  • The Appendix 5B Cash Flow Report shows a decrease in cash and cash equivalents.
  • The company has estimated six quarters of funding available.
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.