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Condor Energy Secures Full Ownership of Offshore Peru TEA 86 to Streamline Development

8:26am on Thursday 9th of April, 2026 AEST Energy
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Condor Energy Secures Full Ownership of Offshore Peru TEA 86 to Streamline Development

8:26am on Thursday 9th of April, 2026 AEST
Key Points
  • Condor to hold 100% interest in TEA 86 offshore Peru
  • Acquisition consideration via performance shares contingent on licence conversion
  • Simplifies equity structure for partnering and development
  • Strengthens control over Piedra Redonda gas field and multi-billion barrel oil prospects
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