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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
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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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