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Condor Energies Inc T.CDR

Alternate Symbol(s):  CNPRF

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

Bullboard Posts
Post by templetoothon Jan 26, 2017 4:08pm
209 Views
Post# 25760655

Re drop

Re drop
As recently as September the Turkish lire (lira??) cost 34 cents US. Today it's a little under 26 cents.
I've no idea how the pricing structure works for gas in Turkey, other than all the glowing comments about $8 or $9 pricing. Of course, imported gas is going to be 25% (approx.) more expensive than it was in September, in local currency. It might be a leap too far to assume that domestic producers will escape unscathed from this currency carnage.

As I see it, the only other possible explanation could be underwhelming drill results. In the deep background, always lurking in a microcap scenario, is the possibility of a capital raise. I wouldn't think that very likely given the recent cash situation, but never say never. As we get closer to summer, the company might well decide to sell 10 milliion new shares to fund a rapidfire gas plant expansion if drilling results warrant. Just a thot.
Bullboard Posts