Condor Energy Says Study at Peru Gas Field Confirms Multiple Pathways to Monetization

MT Newswires Live

Sep 15, 2025

Condor Energy (ASX:CND) said a gas market and commercialization study for its Piedra Redonda gas field offshore Peru confirmed multiple pathways to monetization and identified immediate local and regional market opportunities, including gas-to-power and compressed natural gas supply to northern Peru and Ecuador, according to a Monday Australian bourse filing.

The firm had engaged international energy consultancy OPC to evaluate development pathways, assess viable market opportunities, and identify the optimum commercialization options.

The study also identified a phased development model, with early production delivering cash flow and reservoir appraisal with minimal wells and infrastructure.

Its shares rose 2% in recent trading on Monday.

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