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Condor Energy Boosts Piedra Redonda Gas Resources by 147%, Unlocking New Offshore Potential

7:03pm on Monday 2nd of June, 2025 AEST Energy
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Condor Energy Boosts Piedra Redonda Gas Resources by 147%, Unlocking New Offshore Potential

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • Best Estimate (2C) contingent gas resource upgraded to 1 Tcf, a 147% increase
  • High Estimate (3C) resource now 2.65 Tcf, indicating significant upside potential
  • Resource assessment independently certified by RISC Advisory using reprocessed seismic data
  • Piedra Redonda ranks among the largest undeveloped offshore gas fields on South America's west coast
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