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CND - Condor Energy

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Joules MM1 said:
i prob do more drilling in my email account than what's being done in the Georgina....

got some fills in this week at 0.004's talk about loooooooooooooonggggggggg view!
Click to expand...

that view keeps getting wider

CR only 16% taken up by stockholders:

short fall 438,412,050

kick back $715, 000

not lending to borrows who dont pay back..... priceless
 
new board just taken over, share price up 800% in last few months. There is finally a light at the end of the tunel
 
On December 13th, 2018, Baraka Energy & Resources Limited (BKP) changed its name and ASX code to Global Vanadium Limited (GLV).
 
On December 13th, 2019, Global Vanadium Limited changed its name to Global Oil & Gas Limited.
 
There has been so many false promises yet I never parted with this dog and keep throwing spare change at it to have it diluted. There is talk about a joint venture with Andrew Forrest, probably the only last thing that is keeping me holding.
 
Think this warrants a wake up to this thread, up 35% already on opening with today's ann

GLV to acquire 25% Strategic Interest in Drill Ready Multi TCF Sasanof
Prospect
Highlights
• Global Oil & Gas Limited (“GLV”) has entered a binding agreement with Western Gas
(519P) Pty Ltd (“Western Gas”) to acquire a 25% interest in its giant Sasanof Prospect
from Licence holder Western Gas Pty Ltd (“Western Gas”) by funding 50% of the
drilling costs of the multi-Tcf Sasanof-1 well (“Sasanof”).
• Independent assessment by ERC Equipoise Ltd (“ERCE”) of the Sasanof Prospect
estimates 2U Prospective Resource (gross) of 7.2 Tcf gas and 176 Million bbls
condensate (P50 recoverable)
1
, with a 32% Chance of Success. The 3U Prospective
Resource estimate (gross) is for 17.8 Tcf gas and 449 Million bbls condensate (P10
recoverable)
1
. Net GLV 1.03 Tcf gas and 25 Million bbls condensate (P50
recoverable), 2.3 Tcf gas and 58.4 Million bbls condensate
 
frugal.rock said:
Am inclined to agree.
Could be worth a good old delve into the announcements of late.

View attachment 130234
Click to expand...

We are still due for a ann soon regarding the hydrogen gas exploration, which was due to start early - mid sept pending covid bla bla

Will there be a positive gas find and coincidentaly the shares raised at the cr dumped into that? perhaps, still 30% chance of success on Sassnof 1 and possible some snorts of hydrogen and helium on ep127 still are something to fantasise about
 
frugal.rock said:
Charts looking ok?
No news since 20 Dec.
Not held.

View attachment 135588
Click to expand...

There has been alot of dumping of shares from the CR, it may have stopped for now not sure if its churned through them all with the volumes not that high. We are 2 or 3 months away from Sassnof 1 don't think any announcements expected at this stage. Would hope the recent activity is simply the current value/gamble being recognised by the market. Who knows what games are being played tho, been following too long to know not to get excited too easily.

Holding my 900k shares lottery ticket tight.
 
No posting since Jan.
My tip for June. DNH
Drilling started. GLV and PRM are joint holders and less than a week when drills are through GLV either make or break.

Western Gas holds 66%

But possible bad news is the major share holder made a massive salehttps://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02525781-7J8QNIQRQRPKNII4LTC9GQ5AKD/pdf?access_token=00070wJB49Jj1Syffn3MSXGQ3VGT

 
Basically this is that moment you smashed all your chips on your lucky few numbers on the roulette board. The dealer has spun the ball in motion and is about to wave off all the hands from the table with the famous quote... NO MORE BETS .. while some punters are on their tip toes looking at the wheel and others cover their eyes not wanting to look... you mumble come on gas gas gas sssss
 
Miner said:
Drilling started. GLV and PRM are joint holders and less than a week when drills are through GLV either make or break.
Click to expand...

I'm pretty sure the market will be informed. No BESBS happening, up 10%


DATEDESCRIPTION
03/06/202210:49 am AEST Sasanof -1 Preparing to Drill Reservoir Section 3
30/05/20222:54 pm AEST Sasanof-1 Drilling Update 3
27/05/202211:31 am AEST Sasanof-1 Well Spudded 5
23/05/20229:49 am AEST Valaris MS-1 Rig Arrives at Sasanof-1 Location 2
18/05/20229:46 am AEST Valaris MS-1 Commences Rig Move Activities for Sasanof-1 6
12/05/20229:47 am AEST Valaris MS-1 Preparing for Departure to Sasanof-1 Location 7
10/05/20229:43 am AEST Sasanof-1 Well Attracts LSE Listed Partner 6
05/05/20229:41 am AEST Sasanof-1 Mobilisation of Equipment Commenced for Drilling 7
 
On April 30th, 2024, Global Oil & Gas Limited (GLV) changed its name and ASX code to Condor Energy Limited (CND).
 
Condor Energy (ASX:CND) has announced an independent assessment by RISC Advisory, upgrading the Piedra Redonda gas field’s Best Estimate Contingent Resource to 1 trillion cubic feet, a 147% increase from the previous estimate of 404 Billion cubic feet.

 
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