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Company News
Condor Energy confirms 3 billion-barrel oil potential at Peru’s offshore Tumbes Basin
Condor Energy (ASX: CND) has confirmed a multi-billion-barrel prospective oil resource across five prospects at its Tumbes Basin technical evaluation area (TEA) LXXXVI in offshore northern Peru. The Tumbes Basin is a proven hydrocarbon province with existing oil and gas discoveries and production. The independent assessment by international resource consultancy Netherland Sewell & Associates Inc […]
Condor Energy confirms significant gas upside at Piedra Redonda offshore Peru project
Condor Energy (ASX: CND) has received an independent assessment which has confirmed the significant upside potential of the Piedra Redonda gas field off the coast of Peru. The company came out of a trading halt to announce that studies by leading international independent resource auditing firm RISC Advisory had identified a 147% increase in the […]
Condor Energy upgrades Piedra Redonda gas field in Peru with enhanced seismic data
Condor Energy (ASX: CND) has gained further confidence in the potential of its Piedra Redonda gas field off the coast of Peru with new insights derived from the interpretation of reprocessed 3D seismic data. The Piedra Redonda gas field lies within the 4,858 square kilometre Tumbes Basin Technical Evaluation Agreement (TEA) area granted to Condor […]
Condor Energy identifies additional key oil targets in Peru’s TEA area
Condor Energy (ASX: CND) continues to identify significant potential drill targets with new studies of its Technical Evaluation Agreement (TEA) area off the coast of Peru. Two large oil prospects named Raya and Bonito have already been identified and regional mapping indicates that the primary source rock interval is mature for oil generation over much […]
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