Jaguar Exploration, Inc. is pleased to announce the execution of Technical Evaluation Agreement LXXXVI (TEA) with Perupetro, Peru’s National Hydrocarbons Agency, for offshore oil and gas exploration rights in a 4,858 km² block. The company holds a 20% stake in the TEA, partnering with Condor Energy, an Australian-based oil and gas exploration firm, which holds the remaining 80%.