Latest Licence Conversion News

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Condor Energy has submitted its application to convert the offshore Tumbes Basin TEA 86 into a Licence Contract, securing 100% ownership and expanding its prospective resources to over 3.3 billion barrels of oil and 1 Tcf of gas.
Maxwell Dee
Maxwell Dee
18 May 2026
Condor Energy secures A$2.25 million in a placement to advance licence conversion, gas commercialisation, and exploration drilling readiness in its offshore Peru portfolio.
Maxwell Dee
Maxwell Dee
4 May 2026
Condor Energy has advanced its offshore Peru exploration with a new Raya West prospect, lifting its unrisked prospective resources above 3.3 billion barrels, while moving to 100% ownership of TEA 86 to streamline licence conversion and partnerships.
Maxwell Dee
Maxwell Dee
29 Apr 2026
Condor Energy has wrapped up its Technical Evaluation Agreement work programme ahead of schedule, reinforcing the multi-billion barrel oil and gas potential in Peru's Tumbes Basin and setting the stage for licence conversion and strategic partnerships.
Maxwell Dee
Maxwell Dee
16 Apr 2026
Condor Energy has agreed to acquire Jaguar Exploration’s 20% stake in the TEA 86 offshore Peru project, moving to full ownership. The deal, structured through performance shares, aims to simplify equity and support licence conversion and future partnerships.
Maxwell Dee
Maxwell Dee
9 Apr 2026
Condor Energy has identified extensive deepwater turbidite reservoirs across its TEA-86 offshore acreage in Peru’s Tumbes Basin, significantly reducing exploration risk and advancing plans for drilling and licence conversion.
Maxwell Dee
Maxwell Dee
26 Mar 2026
Condor Energy has updated its corporate presentation revealing significant progress in Peru’s Tumbes Basin, highlighting a 1 trillion cubic feet gas discovery and a multi-billion barrel oil exploration portfolio. The company is moving towards converting its evaluation agreement into a full exploration licence while advancing commercial discussions for gas offtake.
Maxwell Dee
Maxwell Dee
11 Mar 2026
Buru Energy has agreed to sell its hydrogen-focused subsidiary 2H Resources and non-core Canning Basin assets to Koloma Australia for up to AUD 2 million, marking a strategic pivot towards its Rafael Gas Project.
Maxwell Dee
Maxwell Dee
10 July 2025
Thor Energy PLC has fast-tracked exploration activities at its newly acquired South Australian hydrogen and helium licence following a promising independent resource assessment. The company reported a net cash outflow but maintains a solid cash position to support upcoming work.
Maxwell Dee
Maxwell Dee
29 Apr 2025