Business
Condor Announces 2025 Year-End Results
CALGARY, Alberta, March 19, 2026 (GLOBE NEWSWIRE) -- Condor Energies Inc. (“Condor”...
About this update from Condor Energies Inc
[{"type":"text","content":"Condor Announces 2025 Year-End Results\nCALGARY, Alberta, March 19, 2026 (GLOBE NEWSWIRE) -- Condor Energies Inc. (“Condor” or the “Company”) (TSX:CDR), a Canadian based, internationally focused energy transition company focused on Central Asia is pleased to announce the release of its audited consolidated financial statements for the years ended December 31, 2025 and 2024 (the Financial Statements”), together with the related management’s discussion and analysis. These documents will be made available under Condor’s profile on SEDAR+ at www.sedarplus.ca and on the Condor website at www.condorenergies.ca. Readers are invited to review the latest corporate presentation available on the Condor website. All financial amounts in this news release are presented in Canadian dollars, unless otherwise stated. HIGHLIGHTS Production in Uzbekistan for the fourth quarter of 2025 averaged 10,534 boe/d comprised of 10,218 boe/d (61,310 Mcf/d) of natural gas and 316 bopd of condensate or a total production increase of 5.6% from the third quarter of 2025. Uzbekistan natural gas and condensate sales for the fourth quarter of 2025 was $20.38 million or an 8.8% increase from the third quarter of 2025.Production in Uzbekistan for the year ended December 31, 2025 averaged 10,484 boe/d comprised of 10,202 boe/d (61,213 Mcf/d) of natural gas and 282 bopd of condensate. Uzbekistan natural gas and condensate sales for 2025 was $80.66 million.A multi-well drilling program commenced in Uzbekistan in September 2025 with two horizontal and one vertical well drilled to date. Two of the wells (one horizontal and one vertical) have been completed and were tested at a combined rate of 2,096 boe/d (12.6 MMcf/d) with completion activities underway for the other horizontal well. Drilling of the next horizontal well is ongoing and currently at 2,335 meters with the well estimated to be completed and tested by mid-April 2026.March 2026 month-to-date production has averaged 12,622 boe/d comprised of 12,274 boe/d (73.6 MMcf/d) of natural gas and 348 bopd of condensate and is primarily due to the completion of the newly drilled wells.A tendering process is underway to install the first phase of a field booster compression program in Uzbekistan, and the contract is expected to be awarded in the second quarter of 2026...