Global Oil & Gas (AU:CND) has released an update.
Condor Energy Ltd has enhanced the oil and gas prospectivity of its Tumbes Basin Technical Evaluation Agreement block in offshore Peru by reprocessing 1,000km² of legacy 3D seismic data. The improved data quality has led to a better seismic image and frequency content, aiding in the identification of over 20 new prospects and leads. The company is now proceeding with resource estimation for its main prospects, signaling potential growth in its exploration activities.
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