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Condor Provides a Drilling Update for Uzbekistan and Announces the Sale of Its Turkish Assets
CALGARY, Alberta, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Condor Energies Inc. (“Condor” ...
About this update from Condor Energies Inc
[{"type":"text","content":"Condor Provides a Drilling Update for Uzbekistan and Announces the Sale of Its Turkish Assets\nCALGARY, Alberta, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Condor Energies Inc. (“Condor” or the “Company”) (TSX: CDR), a Canadian based, internationally focused energy transition company with active operations in Central Asia is pleased to provide an update on its Uzbekistan and Türkiye projects. UZBEKISTAN DRILLING UPDATE The Company’s second well of its multi-well campaign, Andakli-21 (“A-21”), has reached TD at 3456 meters which includes 1279 meters of open hole lateral section, setting a record for the longest horizontal drilled in Uzbekistan. The A-21 well was successfully geo-steered to intersect over 960 meters of carbonate reservoir as defined by drill cuttings and containing greater than 6% visible porosity. Reservoir quality exceeded pre-drill expectations with 223 meters of the lateral section containing up to 12% visible porosity observed in cuttings. These reservoir intervals were accompanied by significant gas shows, many ranging from 20% up to 31%, which represents the gas volume entrained in the drilling fluid from the drill cuttings. Preparations are underway to perform an acid stimulation in the entire A-21 lateral section designed to remove any near wellbore drilling fluid invasion and further enhance productivity, as was done on the same carbonate zone in the vertical pilot wellbore of the previously drilled Andakli A-23 (“A-23”), where production rates increased eight to ten fold post-acid stimulation. Once acid stimulation is complete, the A-21 well will be flow tested and brought onto production, which is expected to occur in the second half of February 2026. Afterwards, the 1007-meter lateral section of the A-23 well will also be acid stimulated, tested and brought online. Both acid stimulations will be conducted using small diameter tubulars while a larger diameter coil tubing unit is mobilized to site later in the first quarter of 2026. The Company is concurrently operating a second drilling rig to drill its third well in Uzbekistan in an underdeveloped portion of the Kumli gas field. Kumli-45 (“K-45”) is a vertical well with a planned TD of 2400 meters and targets multiple reservoirs. An 18-meter core has been recovered from one of th...