Condor Energy

September 2024 Quarterly Activities Report

Condor Energy Limited (ASX: CND) (Condor or the Company) is pleased to provide the following report on exploration activities for the quarter ending 30 September 2024.


Highlights

  • Condor Energy Ltd (ASX: CND) (Condor or the Company) is pleased to advise that Mr Serge Hayon has been appointed as Managing Director of the Company effective from the 1st of October 2024.
  • Significant new oil targets identified from fast-track interpretation of the 3,800km2 of legacy 3D seismic data.
  • The Salmon Lead exhibits stacked structural traps with potential Direct Hydrocarbon Indicators (DHIs). It Offers several follow-on targets if successful, with a repeated structural configuration.
  • Successfully reprocessed 1,000 km2 of legacy 3D seismic data across three leading prospects, providing enhanced insights into prospectivity that will guide our ongoing interpretation and resource estimation efforts.
  • New seismic inversion and AVO studies have produced indications of high-quality reservoirs and hydrocarbon fill at the Raya Prospect, significantly upgrading its prospectivity.
Technical Evaluation Agreement (TEA) LXXXVI - Offshore Oil and Gas Block (CND 80% Working Interest)

During the reporting quarter, Condor and US-based joint venture partner Jaguar Exploration Limited (Jaguar), continued the evaluation of the 4,858km2 Technical Evaluation Agreement (TEA or block) offshore Peru in conjunction with the Company’s technical advisors Havoc Services Pty Ltd (Havoc).

Condor’s block comprises over 3,800km2 of existing 3D seismic data from which an aggregate of 1,000km2 have been selected to undergo pre-stack depth migration (PSDM) reprocessing and interpretation across three discrete highly prospective areas (Figure 1). The three areas selected for reprocessing were chosen following the identification of the Raya and Bonito prospects and the Piedra Redonda gas field.

Figure 1 – TEA Prospects and 3D Seismic areas selected for reprocessing.

The Raya1 and Bonito2 prospects are large features in the Zorritos Formation, which present structural closure at multiple levels and the potential for stacked pay with multiple Zorritos reservoir-seal pairs present. The Piedra Redonda gas field contains ‘Best Estimate’ Contingent Resources (2C) of 404 Bcf (100% gross)3 which potentially underpins a standalone gas development and additional low-risk upside located updip from the C-18X discovery well with ‘Best Estimate’ Prospective Resources (2U) of 2.2 Tcf# (gross unrisked) of natural gas4.


Click here for the full ASX Release

This article includes content from Condor Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

CND:AU
The Conversation (0)
Condor Energy

Condor Energy

Rare world-class hydrocarbon exploration opportunity

Rare world-class hydrocarbon exploration opportunity Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Condor Energy (CND:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
A$3M Placement to Advance High-Impact Workplan for Peru

A$3M Placement to Advance High-Impact Workplan for Peru

Condor Energy (CND:AU) has announced A$3M Placement to Advance High-Impact Workplan for PeruDownload the PDF here. Keep Reading...
Trading Halt

Trading Halt

Condor Energy (CND:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
Piedra Redonda Gas Field Best Estimate Resource of 1 Tcf

Piedra Redonda Gas Field Best Estimate Resource of 1 Tcf

Condor Energy (CND:AU) has announced Piedra Redonda Gas Field Best Estimate Resource of 1 TcfDownload the PDF here. Keep Reading...
Trading Halt

Trading Halt

Condor Energy (CND:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
The dark Earth horizon displays glowing city lights under a deep blue sky in a nighttime view from space.

McKinsey: Global Energy Shock Absorbers Are Wearing Thin

Global energy markets absorbed the largest supply disruption in modern history this year, but a newly released McKinsey & Company report warns that the infrastructure shielding the global economy from a 1970s-style recession is rapidly deteriorating.The on-and-off closure of the Strait of Hormuz... Keep Reading...
Syntholene Announces First Analyst Coverage by Research Capital

Syntholene Announces First Analyst Coverage by Research Capital

Syntholene Energy Corp. (TSXV: ESAF,OTC:SYNTF) (OTCQB: SYNTF) (FSE: 3DD0) ("Syntholene" or the "Company") announces that Research Capital Corporation has initiated equity research coverage of the Company. Research Capital is the first independent equity research group to publish analyst coverage... Keep Reading...
Oil barrels with yellow droplet symbols overlaid by colorful stock market graphs and fluctuating price data.

Oil Hits US$104 on Pipeline Strikes and Hormuz Slump

Global crude oil reached US$104 per barrel on Friday (September 18) as physical pipeline damage and collapsing shipping traffic through the Persian Gulf accelerated a fresh wave of fuel price spikes.The global benchmark Brent crude rose US$0.35 from Thursday's US$103 level, extending a... Keep Reading...
Josef Schachter, oil rigs.

Josef Schachter: Oil Stock Bargains as Prices Break US$100

Josef Schachter, president and author at the Schachter Energy Report, outlines the factors that have taken oil prices back above US$100 per barrel.He also explains his stock strategy as market volatility continues — in his view, the best bargains are in natural gas, natural gas liquids and the... Keep Reading...
Block VIII Represented by Ministry of Mines and Energy at International Oil Conference in Malaysia

Block VIII Represented by Ministry of Mines and Energy at International Oil Conference in Malaysia

(TheNewswire) GRANDE PRAIRIE, ALBERTA TheNewswire - September 15, 2026 - Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF OTCQB: ANKOF) ("ANGKOR" OR "THE COMPANY") announces that Cambodia's Ministry of Mines and Energy ("MME") presented Block VIII — the onshore oil and gas concession held by the... Keep Reading...
Handshake image on block representing M&A activity.

Tamarack, Headwater Ink C$10 Billion Oil Mega-Merger

Tamarack Valley Energy (TSX:TVE,OTCPL:TNEYF) and Headwater Exploration (TSX:HWX) have agreed to a C$10 billion all-stock merger to form the largest pure-play oil producer in Canada’s Clearwater formation.Under a definitive arrangement agreement announced on Tuesday (September 8), Headwater... Keep Reading...

Interactive Chart

Latest Press Releases

Related News