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Condor Provides an Operations Update for Uzbekistan
CALGARY, Alberta, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Condor Energies Inc. (“Condor” ...
About this update from Condor Energies Inc
[{"type":"text","content":"Condor Provides an Operations Update for Uzbekistan\nCALGARY, Alberta, Jan. 12, 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 operations. Average daily production increased 5.6% to 10,534 boepd for the fourth quarter of 2025 from 9,978 boepd in the third quarter of 2025 and increased 7.6% to 11,462 boepd for December 2025 compared to 10,654 boepd in November 2025 due mainly to the continued success of the ongoing well workover programs. Total daily production for the year 2025 averaged 10,484 boepd compared to 10,511 boepd in 2024. Well completion and testing activities are continuing for the Company’s first horizontal well (the ‘First Well”), which includes a 1007-meter lateral section that is the longest ever drilled in Uzbekistan. During completion operations, a coil tubing unit was deployed to displace the completion fluid from the horizontal section and perform a routine acid stimulation but was unable to access the entire lateral section including the intervals where the strongest gas show readings were recorded. The coil tubing’s small diameter has limited the ability to reach the end of the open hole lateral section without potentially damaging (buckling) it. Alternatives to access the entire lateral section include acquiring a larger diameter coil tubing or a small diameter drill string, both of which are being actively sourced. In the meantime, a shallower carbonate zone identified in the First Well’s pilot wellbore has been completed and tested. The test was conducted over a 6-hour flow period at stabilized conditions with a flow rate of 3.6 MMscf/d through a 9.5 mm choke and a flowing tubing pressure of 1120 psi. In addition to the reported gas rates, the well flowed 46-degree API condensate at rate of 5.1 barrels per day and water rate of 2.7 barrels per day. The First Well has been tied-in and is producing while awaiting the equipment to access the well’s lateral section. The First Well drilling rig has since spudded a second horizontal well (the “Second Well”) on the same pad and intermediate casing has been set at 2178 meters. Drilling t...