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Condor Energies Inc T.CDR

Alternate Symbol(s):  CNPRF

Energy Oil & Gas E&P
Condor Energies Inc. is a Canada-based internationally focused energy transition company, which is focused on diverse initiatives in Central Asia. The Company has a producing gas asset, an ongoing project to construct and operate Central Asia’s first LNG facility and a separate project to develop and produce lithium brine. It has built a robust foundation for reserves, production and cashflow growth while also striving to minimize its environmental footprint. It has a 100% interest in and operates an exploration license in Kazakhstan for mining solid minerals, including lithium (the Lithium Mining License). It has a 100% interest in and operates the Poyraz Ridge and Destan operating licenses and gas fields in Turkiye. The Company, through its wholly owned subsidiary Marsa Turkey BV (MTBV), has a 100% working interest in two adjoining production licenses located on the Gallipoli (Gelibolu) peninsula in NW Turkey, lying within the SW extension of the prolific gas-producing Thrace Basin.


TSX:CDR - Post by User

Condor Energies Inc
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Post by CalifDreamingon Aug 14, 2012 1:13pm
253 Views
Post# 20215821

Cash down $24MM in 6 months...

Cash down $24MM in 6 months...

Another grim financial report.  Cash dropped from $68MM to $45MM in 6 months.   Not a good trend.

 

Expenses up yoy, while production down.  Not a good trend.

 

Fair value is $ 0.20 - but with such big drop in cash, could be $ 0.10 by end of the year.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities