CND 6.67% 2.8¢ condor energy limited

Ann: Sale of Finance facility Shares, page-24

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    thx for the posts@DCE80
    You're spot on.
    Had my eye on this since last Sep Good oil conf, before GLV got involved.
    One concern i have is whether the drilling budget is a bit light and whether there will be an almighty cf if they hit gas and run out of money to complete drilling, logging and testing . the dynamics of sourcing capital when your balls are in a vice tend to erode equity fairly quickly.
    And from what can be seen, none of the jv partner entities seem to have deep pockets...on the face of it...anyone got a take on this?
 
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