Global Oil & Gas (AU:CND) has released an update.
Condor Energy Limited has unveiled promising new oil targets in its Peruvian offshore Technical Evaluation Agreement area, following a detailed analysis of legacy seismic data and recent fieldwork. The company’s assessment has highlighted the Salmon Lead, which features structural traps and potential Direct Hydrocarbon Indicators, suggesting the presence of hydrocarbons. This discovery underscores Condor’s potential for multiple oil prospects, given the repeated structural configurations in the region.
For further insights into AU:CND stock, check out TipRanks’ Stock Analysis page.
