As part of Condor Energy’s continued strategic focus on Peru and commitment to optimizing its portfolio, the company has taken steps to streamline non-core assets and concentrate on high-impact opportunities:
- EP499 (Goshawk Energy Pty Ltd): Goshawk Energy Pty Ltd, in which Condor holds a shareholding interest, has cancelled Petroleum Exploration Permit EP499, reflecting a shared focus on value-driven portfolio management.
- WA-519-P (Western Gas): Western Gas (519 P), another company in which Condor is a shareholder, has elected not to renew the WA-519-P license. This decision is consistent with the overall strategy to prioritize assets with greater potential for near-term value creation.
These actions support Condor’s long-term objective to enhance shareholder value by focusing on assets with the greatest strategic and economic upside.