Global Oil & Gas Limited
GLV.AX
Australian Securities Exchange0.05
AUD
+0.00
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Global Oil & Gas Limited
GLV.AX
(Australian Securities Exchange)
Recent
price
0.05
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ratio
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div
yld
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ROIC.AI
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- Global Oil & Gas Limited (ASX:GLV) is an Australian-listed exploration company focused on identifying, exploring, and developing energy and resource assets, including oil, gas, and related resources, primarily within Australia and select global opportunities. The company holds interests in conventional and unconventional oil and gas exploration assets in the Southern Georgina Basin, Northern Territory; engages in offshore evaluation agreements, such as the Technical Evaluation Agreement offshore Peru; and pursues energy projects targeting hydrocarbons and resource development. Its services encompass geological assessment, seismic evaluation, drilling prospect identification, and strategic asset acquisition in upstream sectors. Founded in 2005 and headquartered in Subiaco, Western Australia, the company shifted strategic focus in 2009 following a board recapitalization, moving from international oil and gas interests in Mauritania to domestic Australian assets like the Georgina Basin. Global Oil & Gas Limited operates in the energy exploration industry, targeting institutional investors, resource partners, and energy markets in Australia, Peru, and potentially broader regions. In a major recent development approved by shareholders at an Extraordinary General Meeting on April 10, 2024, the company changed its name to Condor Energy Limited and updated its ASX ticker to CND, reflecting a strategic rebranding to align with expanded international exploration ambitions. This reorganization included appointments of a highly experienced technical team in September 2023 to advance world-class hydrocarbon opportunities and the issuance of securities to directors in April 2024 to support ongoing placements and option exercises. No significant partnerships, acquisitions, or new product launches were reported in the last 1-2 years, with activities centered on quarterly reporting, rights issues, and substantial shareholder notifications as of late 2023.