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Condor Energy Limited (ASX:CND)

ALERT: Price-sensitive ASX Announcement for CND
Current share price for CND : $0.018 -0.001 (-5.26%)+
Announcement
Release
16 Jul 2026 8:18AM
Price at Release
$0.019
Full Release
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Summary
Condor Energy Limited has completed an independent Development Concept and Feasibility Study for the Piedra Redonda gas discovery, located offshore Peru. The study confirms the feasibility of developing Piedra Redonda using conventional shallow-water offshore infrastructure, involving a wellhead platform and pipeline system connected to shore. This development could adapt to various gas sale scenarios. Agile Energy, an independent engineering consultancy, conducted the study, exploring different production scenarios and configurations to support future customer demands. This marks a significant milestone in advancing Piedra Redonda towards commercial development, setting the stage for ongoing gas sales negotiations, strategic partnerships, and project financing. The study's completion positions the project for the next stage of maturation, with flexibility in refining the final development configuration as commercial discussions progress.
Key Points
  • Completion of independent Development Concept and Feasibility Study for Piedra Redonda.
  • Piedra Redonda can be developed using conventional shallow-water offshore infrastructure.
  • The study supports ongoing gas sales negotiations and strategic partnerships.
  • Multiple development scenarios evaluated to optimize final project configuration.
  • The project is positioned for Front End Engineering Design (FEED).
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.