1 Tcf Discovered Gas Resource
One of the largest undeveloped offshore gas discoveries on the west coast of South America, strategically positioned to supply growing energy markets in Northern Peru and Southern Ecuador.
- 1 Tcf (2C)
- 2.65 Tcf (3C)
- 99% Methane
- 4-10km Offshore
A Strategic Gas Resource
- Independently assessed by RISC Advisory
- Proven gas discovery with successful flow testing
- High-quality Mancora reservoir sands
- Multiple commercialisation pathways
- Located close to existing infrastructure and end markets
- Low-Cost Path to Commercialisation
Low-Cost Path to Commercialisation
Piedra Redonda is located in shallow water close to shore, allowing a simple development concept with gas supplied directly to customers through a range of potential commercialisation pathways.
A Simple Shallow Water Development Concept
Commercialisation Options
Piedra Redonda is located in shallow water close to shore, allowing a simple development concept with gas supplied directly to customers through a range of potential commercialisation pathways.
- Gas-to-Power: Scalable, low-cost solution leveraging existing transmission infrastructure.
- Pipeline Gas: Long-term supply to industrial and commercial users.
- CNG / Mini LNG: Flexible supply options for domestic and regional markets.
- LNG Export: Potential future export pathway.
- Securing a long-term gas sales agreement represents a key milestone in progressing Piedra Redonda towards development and future cash flow generation.
UNDEVELOPED GAS FIELD – MATERIAL RESOURCE
- RISC Advisory (2025) independent gas resource estimate.
- 2C Contingent Resources of # 1 trillion cubic feet (Tcf)
- 3C Contingent Resources of # 2.65 trillion cubic feet (Tcf)
Gas to Power offers a scalable, lower cost, quick to market solution with existing transmission lines and nearby transformer substation linked Peru and Ecuador network.
| Commercialization Option | Description | Highlights | |
 | Gas-to-Power (GTP) | Utilizing gas for local power generation. | - Scalable - Low-cost - Quick to market |
 | Compressed Natural Gas (CNG) | Compressing gas for industrial and domestic use. | - Flexible for local use - Low transportation cost |
 | Liquefied Natural Gas (LNG) or Mini LNG | Converting gas into liquid form for export or transport. | - High energy density - Suitable for international markets |
 | Pipeline Distribution | Connecting the resource to nearby industrial or domestic users via pipelines. | -Long-term reliable supply -Low operational cost |
 | Floating Liquified Natural Gas (FLNG) | Using floating units to process and store LNG for distribution. | - Flexibility in location - No need for extensive land-based infrastructure |
“See company announcement dated 9th of April 2025.
Cautionary Statement: Prospective Resources are the estimated quantities of petroleum that may potentially be recovered by the application of a future development project related to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration, appraisal and evaluation are required to determine the existence of a significant quantity of potentially recoverable hydrocarbons.
The Company confirms that it is not aware of any new information or data that materially affects the information included in this webpage and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.”