Condor Energy Ltd (ASX: CND)

The Company is currently focused in progressing the 4,858km2 Technical Evaluation Agreement (TEA) area offshore Peru in the highly prospective Tumbes Basin. The TEA is covered by modern high quality 3D seismic data which has identified over 20 prospects and leads. Condor is maturing the extensive prospect and lead inventory ahead of a partnering process to undertake a high impact drilling campaign to test the oil potential in high graded prospects. The Company is also evaluating the feasibility of a standalone development of the discovered Piedra Redonda gas field located in shallow water in the TEA through a gas-to-power project.