Condor Energies Inc.
A Gas Producer Pioneering LNG & Lithium Exploration in Central Asia
Published: 10/3/2024
Author: FRC Analysts
Sector: Energy | Industry: Oil & Gas E&P
Ticker Symbols:CDR.TO - TSX 🔹CNPRF - OTCQX 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $1.74 |
| Fair Value | CAD $3.62 |
| Risk | 4 |
| 52 Week Range | CAD $0.93-2.90 |
| Shares O/S (M) | 57 |
| Market Cap. (M) | CAD $99 |
| Current Yield (%) | N/A |
| P/E (forward) | 11.6 |
| P/B | N/A |
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Report Highlights
- In January 2024, Condor Energies (CDR) obtained rights to eight natural gas fields in Uzbekistan, producing 60,000 mcf/d (thousand cubic feet per day), and transformed into a significant gas producer. The company is also developing a Liquefied Natural Gas (LNG) project, and conducting lithium exploration in Kazakhstan.
- The company was established by the founders of the Osisko Group of mining companies. Management has a successful track record in the oil and gas industry in Central Asia.
- CDR has a 20-year contract from the Government of Uzbekistan to operate eight gas fields, and enhance production using Western technologies. This is part of Uzbekistan’s efforts to revi
