Global Oil & Gas (AU:CND) has released an update.
Condor Energy Limited has announced promising results from new seismic studies indicating high-quality reservoirs and hydrocarbon presence at the Raya Prospect, within the Tumbes TEA. Advanced seismic inversion and AVO studies by e-Seis Inc. suggest a highly porous sandstone fairway, markedly boosting the prospect’s potential for success. This optimistic outlook is reinforced by recent field work, with reprocessed seismic data soon to inform resource estimation.
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