Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
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

0
FacebookTwitterGoogle +Pinterest
previous post
Awale Resources Limited
next post
Zodiac Gold

Related Posts

Lancaster Resources

May 28, 2024

Metal Bank: Copper, Gold-focused Exploration in Australia and the...

February 22, 2025

Appia Signs MOU to Option Elliot Lake Property

May 15, 2024

​Tech 5: Crypto Investors Eye Solana ETF Filings,...

July 1, 2024

Supplementary Prospectus

December 9, 2024

Christopher Aaron: Key Ratio Now in Gold’s Favor,...

April 8, 2025

Radisson Mining Resources

January 20, 2025

Manganese Market Forecast: Top Trends for Manganese in...

January 15, 2025

Tartana executes HOA to process Copper Ore in...

April 14, 2025

Additional High Priority Antimony Targets Identified over 10km...

December 12, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Recent

    • Major Shift in the Markets! Here’s Where the New Strength Is

      June 17, 2025
    • Diving into Energy Investments: Uncover Hidden Gems Today!

      June 17, 2025
    • Navigate the Stock Market with Confidence

      June 17, 2025
    • Trump’s Energy Department is taking back our home appliances from berserk bureaucrats

      June 17, 2025
    • ‘Another endless conflict’: Democrat echoes Trump’s anti-war stance as Middle East tensions escalate

      June 17, 2025

    Categories

    • Business (982)
    • Investing (2,399)
    • Politics (2,977)
    • Stocks (1,079)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.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 sportinvestorsleague.com | All Rights Reserved