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Condor Energy Limited (ASX:CND)

ALERT: Price-sensitive ASX Announcement for CND
Current share price for CND : $0.014 -0.004 (-22.22%)+
Announcement
Release
19 Nov 2025 8:27AM
Price at Release
$0.018
Full Release
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Summary
Condor Energy Limited has identified a new prospect, Raya West, which shows significant potential for hydrocarbon exploration due to strong Amplitude Versus Offset (AVO) anomalies. The Raya and Raya West prospects are located in the Tumbes Basin, offshore Peru, and are characterized by multiple stacked Class II and III AVO anomalies within the proven Zorritos Formation, indicative of thick hydrocarbon-bearing reservoir sands. Raya West, situated 10 to 15 kilometers west of the original Raya structure, exhibits more than double the AVO-positive intervals found at Raya, enhancing its exploration potential. The analysis indicates oil-charged reservoir intervals, reinforcing the prospects as low-risk, high-quality drilling targets. Condor is progressing with resource estimations and engaging potential joint venture partners to capitalize on these findings.
Key Points
  • Raya West identified as a new AVO-supported prospect.
  • Strong seismic support for hydrocarbon-bearing sands at Raya West.
  • Raya West exhibits more AVO-positive intervals than the Raya prospect.
  • Both Raya and Raya West show multiple stacked Class II and III AVO anomalies.
  • Raya and Raya West represent significant exploration opportunities in the Tumbes Basin.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.