Australia's Condor Energy gains on crossing key milestone in Peru project
14/10/2026 04:30
BUZZ-Australia's Condor Energy gains on crossing key milestone in Peru project ** Shares of Condor Energy CND.AX rise as much as 16.7% to A$0.02, their highest since September 25
** Energy co receives formal qualification from Peru’s state-owned agency Perupetro S.A., which negotiates and administers oil and gas contracts
** The qualification completes a key step towards securing a full exploration and exploitation licence in Peru, co adds
** Qualification is with respect to licence contract for the exploration and exploitation of hydrocarbons in offshore Block Z-72 in Tumbes Basin, Peru
** About 5.1 million shares change hands, 4 times the 30-day avg
** Stock is down 5% YTD
(Reporting by Anjali Singh in Bengaluru)
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