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Condor Energy Limited (ASX:CND)

ALERT: Price-sensitive ASX Announcement for CND
Current share price for CND : $0.016 -0.006 (-25.58%)+
Announcement
Release
29 Oct 2025 8:18AM
Price at Release
$0.022
Full Release
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Summary
Condor Energy Limited provided a quarterly activities report for the period ending 30 September 2025. The company reported on exploration activities in offshore Peru, focusing on the Piedra Redonda gas field, which has been validated by an independent gas market and commercialization study as having multiple monetization pathways. The company secured a 12-month extension for its Technical Evaluation Agreement with PeruPetro, which will allow further evaluation, partnership engagements, and preparation for future licensing and drilling. The cash flow report, Appendix 5B, indicated a net cash decrease due to operating and investing activities, with cash and cash equivalents at the end of the period totaling $2.358 million. The report reflects the company's strategic focus and regulatory support for its growth in the Peruvian market.
Key Points
  • Independent gas market study confirms monetization pathways for Piedra Redonda.
  • 12-month extension granted by PeruPetro for TEA 86.
  • Constructive engagement with industry stakeholders in Peru.
  • Appendix 5B shows a net cash decrease due to operating and investing activities.
  • Cash and cash equivalents at the end of the quarter were $2.358 million.
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.