Piedra Redonda Gas Development Project

planned

Condor Energy Ltd. has completed an independent development concept and feasibility study for its Piedra Redonda gas discovery offshore Peru. The study establishes a technically and economically robust framework to guide ongoing gas sales negotiations, project financing, and strategic joint-venture partnerships. The project involves developing one of the largest undeveloped conventional offshore gas discoveries on the west coast of South America, with options for single or dual wellhead platforms tied back to onshore processing facilities.