Condor Energy (ASX:CND) reported on Wednesday that it has secured a 12-month extension for its Tumbes Basin technical evaluation agreement (TEA) 86 from the Peruvian regulator.
It is a strategic exploration area in northern Peru, held by the company under a TEA with Perupetro.
The extension will allow the company to continue work on furthering technical and commercial, refining exploration targets, and advancing discussions with potential partners, it said.
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