Condor Energies' Kumli-46 Well Success

Condor Energies Inc. announced significant operational success with its Kumli-46 horizontal well in Uzbekistan, which was drilled to a total depth of 3,150 meters. The well demonstrated a stabilized flow rate of 15.5 MMscf/d, with a sandface absolute open flow rate (AOF) of 67 MMscf/d, which is nine times greater than the previously drilled K-45 vertical well. This achievement validates the company's application of horizontal drilling technology and is expected to accelerate production growth. Condor Energies plans to drill at least three more horizontal wells at Kumli NW and additional wells targeting lower reservoirs. Concurrently, the company is preparing its first LNG facility for shipment to Kazakhstan and is pursuing financing for its modular LNG production facilities. In a related development, Condor Energies appointed Matt Patchell as Chief Operating Officer to oversee its Central Asian growth strategies, which include increasing natural gas and condensate production in Uzbekistan, operating an LNG facility in Kazakhstan, and developing critical minerals from brines in Kazakhstan.