Latest Condor Energy (Asx:Cnd) News

Condor Energy has identified a promising new hydrocarbon prospect, Raya West, adjacent to its existing Raya Prospect offshore Peru, significantly enhancing its exploration portfolio with advanced seismic analysis confirming multiple stacked oil-bearing intervals.

Condor Energy has signed a non-binding MoU with Promigas Perú to jointly explore natural gas supply and distribution opportunities from the Piedra Redonda gas field, aiming to unlock value in northern Peru’s energy market.

Condor Energy secures a 12-month extension for its offshore Peru exploration block and validates the Piedra Redonda gas field as a key regional energy asset with multiple commercialisation options.

An independent study confirms Condor Energy’s Piedra Redonda gas field offshore Peru offers multiple viable pathways to early monetisation and long-term growth, positioning it as a strategic regional energy asset.

Condor Energy’s maiden independent resource estimate confirms a multibillion barrel prospective oil resource offshore Peru, supported by enhanced seismic data and ongoing gas commercialisation studies.

Condor Energy has secured a 12-month extension for its Technical Evaluation Agreement in Peru’s Tumbes Basin, underpinning its exploration and commercialisation plans backed by significant prospective oil and gas resources.

Condor Energy has launched a comprehensive market and commercialisation study for its 1 trillion cubic feet Piedra Redonda gas discovery offshore Peru, aiming to chart a clear path toward development and partnerships.

Condor Energy has significantly enhanced its exploration prospects offshore Peru through advanced reprocessing of legacy 2D seismic data and a comprehensive geochemical review, boosting confidence in large prospective oil resources.

Condor Energy reports a significant upgrade to its Piedra Redonda gas field resource estimate, highlighting a best estimate contingent resource of 1 trillion cubic feet (Tcf) of gas offshore Peru, supported by advanced seismic reprocessing and new technical insights.

Condor Energy Ltd has raised A$3 million through a well-supported placement to advance its exploration and commercialisation efforts in the Tumbes Basin offshore Peru, focusing on the promising Piedra Redonda gas discovery.

Condor Energy announces a substantial 147% increase in contingent gas resources at its Piedra Redonda offshore field in Peru, now estimated at 1 trillion cubic feet (2C). This upgrade positions Piedra Redonda as one of South America's largest undeveloped gas discoveries, expanding commercial and exploration prospects.