Condor Energy Ltd
Condor Energy Limited is an Australia-based company engaged in identifying, exploring and developing energy assets, including oil and gas exploration.
The business
Condor Energy Limited is an Australia-based company engaged in identifying, exploring and developing energy assets, including oil and gas exploration. The Company is focused on progressing the 4,858 square kilometer (km2) Technical Evaluation Agreement (TEA or block) area offshore Peru in the highly prospective Tumbes Basin. The block covers around 4,858 km2 and is surrounded by multiple discovered oil and gas fields, supported by over 3,800 km2 of 3D seismic and regional 2D coverage. The Company’s prospects include Bonito Prospect, Raya Prospect, Piedra Redonda Gas Field, Tiburon Prospect, Salmon Prospect and Caballa Prospect. Bonito Prospect is a prominent multi-culmination structural high, which features stacked Lower Miocene Zorritos reservoirs, with several sand packages. The Raya prospect is a combination structural/stratigraphic trap with multiple Zorritos reservoir objectives. The Piedra Redonda gas field is located, in its entirety, within TEA.
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Latest news
Condor Energy Completes Piedra Redonda Gas Commercialisation Feasibility Study
Condor Energy completes Piedra Redonda feasibility study, confirming 1 Tcf 2C gas and two development concepts (30-150 MMscf/d) to advance sales and financing.
Condor Energy Applies for Peru Licence Contract after Securing 100% Interest in Tumbes Basin Block
Condor Energy seeks Peru TEA-86 Licence Contract after a 100% stake; 3.3B bbl oil potential and 1 Tcf gas. Perupetro approval hurdle; A$2.25m raise funds ahead.
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 […]
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