Condor Energy

Multiple Significant New Oil Leads Identified in Peruvian TEA

Condor Energy Ltd (ASX: CND) (Condor or the Company) is pleased to provide an update on its evaluation work on the oil and gas potential of its 4,858km2 Technical Evaluation Agreement (TEA or Block) offshore Peru.


Highlights

  • Significant new oil targets identified from fast-track interpretation of the 3,800km2 of legacy 3D seismic data
  • Recently completed field work mapped Zorritos Formation reservoir fairways (the primary reservoir objective) into the Tumbes TEA
  • A series of prospective leads have been mapped within these anticipated reservoir fairways located above Heath Formation source rocks at peak oil maturity
  • Salmon Lead within this new trend has stacked structural traps with some potential Direct Hydrocarbon Indicators (DHIs)
  • The structural configuration of the Salmon Lead is repeated several times, presenting the possibility of multiple follow-on targets in the event of success

As a result of the Company’s fast-track interpretation of the 3,800km2 of legacy 3D seismic data, the Company has identified significant new oil targets which highlights the potential for additional discoveries in the Block (Figure 1). Condor has completed a comprehensive assessment of the Salmon Lead.

Figure 1 – Perspective view of the Zorritos Unconformity. The Salmon Lead at this level has two separate closures (A&B) and additional leads (C-G) have also been identified. The green arrows show inferred oil migration pathways into the traps.

Figure 2 – Maturation map showing expected Vitrinite Reflectance (%) in the middle of the Heath Formation. The peak oilgeneration zone corresponds to a range in vitrinite reflectance between 0.8 and 1.2% shown in green.

The Salmon Lead is a structural target in the basin centre located mid way between the previously identified Raya and Bonito Prospects (Figures 2 and 3).


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

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...
Oil pumps and stock market graphs merging in a digital overlay.

Oil and Gas Price Update: Q3 2025 in Review

The oil market struggled in Q3 as prices continued to soften under mounting supply pressure. Following moderate gains in H1, prices contracted to end the third quarter lower than their July 1 start positions. Brent crude began the period at US$67.10 per barrel and finished at US$65.90, a 1.7... Keep Reading...
Alvopetro Announces September 2025 Sales Volumes, Quarterly Natural Gas Price Update, Non-Core Disposition and Western Canadian Expansion

Alvopetro Announces September 2025 Sales Volumes, Quarterly Natural Gas Price Update, Non-Core Disposition and Western Canadian Expansion

Alvopetro Energy Ltd. (TSXV: ALV,OTC:ALVOF) (OTCQX: ALVOF) announces September sales volumes of 2,231 boepd (based on field estimates), our updated quarterly natural gas pricing, the disposition of our Bom Lugar and Mãe da Lua marginal oil fields in Brazil an expansion of our inventory of... Keep Reading...
Gas stove and world map.

Top 10 Countries for Natural Gas Production

Natural gas is an important energy fuel, even as the world transitions to a carbon-free economy. When investing in this industry, it's key to know the ins and outs of natural gas production by country.Global natural gas production edged up 1.2 percent in 2024 to reach 4.12 trillion cubic meters,... Keep Reading...
CHARBONE Hydrogen Announces $2M Convertible Debentures Replacement

CHARBONE Hydrogen Announces $2M Convertible Debentures Replacement

(TheNewswire) Brossard, Quebec, September 18, 2025 TheNewswire Charbone Hydrogen Corporation (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE ") a company focused on green hydrogen production and distribution is pleased to announce the signature of Replacement Debentures... Keep Reading...
Charbone Hydrogene annonce des debentures convertibles de remplacement de 2M$

Charbone Hydrogene annonce des debentures convertibles de remplacement de 2M$

(TheNewswire) Brossard (Québec), le 18 septembre 2025 - TheNewswire - CORPORATION CHARBONE HYDROGÈNE (TSXV: CH,OTC:CHHYF , OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), une compagnie spécialisée dans la production et la distribution d'hydrogène vert, est heureuse d'annoncer la... Keep Reading...

Latest Press Releases

Related News