GLOL OIL& Stock Australian S.E.

Condor Energy Limited is an Australia-based company engaged in identifying, exploring and developing energy assets, including oil and gas exploration. The Company is focused on progressing the 4,858 square kilometer (km2) Technical Evaluation Agreement (TEA or block) area offshore Peru in the highly prospective Tumbes Basin. The block covers around 4,858 km2 and is surrounded by multiple discovered oil and gas fields, supported by over 3,800 km2 of 3D seismic and regional 2D coverage. The Company’s prospects include Bonito Prospect, Raya Prospect, Piedra Redonda Gas Field, Tiburon Prospect, Salmon Prospect and Caballa Prospect. Bonito Prospect is a prominent multi-culmination structural high, which features stacked Lower Miocene Zorritos reservoirs, with several sand packages. The Raya prospect is a combination structural/stratigraphic trap with multiple Zorritos reservoir objectives. The Piedra Redonda gas field is located, in its entirety, within TEA.