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 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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