Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Albanian judge killed in courtroom shooting amid growing...
Hamas co-founder snaps after being questioned on Oct....
Trump directs Hegseth to pay troops during ongoing...
I was kidnapped by Boko Haram, and survived....
Trump announces shakeup at top of WH personnel...
Trump refuses to rule out striking Venezuela. What’s...
Venezuelan Nobel Peace Prize winner María Corina Machado...
Putin praises Trump’s peace efforts as ‘really doing...
War Department launches new counter-narcotics task force under...
Kim Jong Un shows off ‘most powerful’ ballistic...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Multiple Significant New Oil Leads Identified in Peruvian TEA

by admin August 5, 2024
August 5, 2024
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 dataRecently completed field work mapped Zorritos Formation reservoir fairways (the primary reservoir objective) into the Tumbes TEAA series of prospective leads have been mapped within these anticipated reservoir fairways located above Heath Formation source rocks at peak oil maturitySalmon 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.

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 post appeared first on investingnews.com

previous post
Awale Resources Limited
next post
Zodiac Gold

You may also like

Total Voting Rights

November 4, 2024

Finlay Minerals Appoints an Executive Chairman, President &...

May 13, 2025

Zinc Price Forecast: Top Trends for Zinc in...

January 16, 2025

Cartier Unveils VRIFY-Generated AI Model Highlighting Key Discovery...

July 10, 2025

Group Eleven Resources: High-grade Zinc-Lead-Silver, Germanium Discovery in...

November 9, 2024

Tech Stocks, Cryptocurrencies Pull Back as OpenAI Competitor...

January 28, 2025

1911 Gold Successfully Re-Enters the True North Mine...

April 9, 2025

Nuclear Fuels Commences 2025 Kaycee Uranium Project Drill...

June 11, 2025

CardieX June Quarterly Appendix 4C

July 31, 2024

Lahontan Gold: Near-term Gold Production Pathway in the...

March 5, 2025

Recent Posts

  • Albanian judge killed in courtroom shooting amid growing anger over justice system reforms
  • Hamas co-founder snaps after being questioned on Oct. 7 aftermath: ‘Go to hell’
  • Trump directs Hegseth to pay troops during ongoing government shutdown standoff as he rails against Schumer
  • I was kidnapped by Boko Haram, and survived. No thanks to the West’s silence
  • Trump announces shakeup at top of WH personnel office

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (937)
    • Investing (3,171)
    • Politics (3,881)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 Sightful Invest. All Rights Reserved.