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Condor Energy Limited (ASX:CND)

ALERT: Price-sensitive ASX Announcement for CND
Current share price for CND : $0.017 -0.001 (-5.56%)+
Announcement
Release
21 Jul 2026 8:30AM
Price at Release
$0.018
Full Release
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Summary
Condor Energy Limited has successfully completed its Technical Evaluation Agreement (TEA) work commitments ahead of schedule for TEA 86 in the offshore Tumbes Basin, Peru. The company has applied to convert this into an Exploration and Exploitation Licence Contract, consolidating 100% ownership of TEA 86. This has increased Condor's net attributable interest to over 3.3 billion barrels of prospective oil resources and 1 Tcf of contingent gas resources. Condor continues discussions with potential strategic partners and commercialisation activities for the Piedra Redonda gas project. The company completed a A$2.25 million capital raising to support ongoing activities.
Key Points
  • Condor completed TEA work commitments ahead of schedule.
  • Application submitted to convert TEA 86 into a Licence Contract.
  • Condor consolidated 100% ownership of TEA 86.
  • Net attributable interest increased to over 3.3 billion barrels (oil) and 1 Tcf (gas).
  • Ongoing strategic partnering and commercialisation discussions.
  • Completed A$2.25 million capital raising.
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.