Condor Energies Hits New Production Milestone For Uzbekistan Project
Condor Energies (CDR.TO) averaged 16,921 barrels of oil equivalent per day (boe/d) over 72 hours at its Uzbekistan project, a new corporate production milestone for the company. The increase was partly driven by the Kumli-42 vertical well (K-42), which has now been tested and tied into the production facilities, a statement said. Second quarter production advanced 17.1% over the first quarter, averaging 13,851 boe/d, despite more than 15 days of restricted production due to downstream infrastructure maintenance and plant "upsets" at non-company operated facilities. "The K-42 lower interval reservoir test exceeded our pre-drill expectations by a factor of two and further validates the quality and development potential of the stacked carbonate reservoirs at Kumli NW," said chief executive Don Streu. Condor remains "well positioned" to continue increasing production and cash flow, Streu added.
Condor Energies (CDR.TO) averaged 16,921 barrels of oil equivalent per day (boe/d) over 72 hours at its Uzbekistan project, a new corporate production milestone for the company.
The increase was partly driven by the Kumli-42 vertical well (K-42), which has now been tested and tied into the production facilities, a statement said.
Second quarter production advanced 17.1% over the first quarter, averaging 13,851 boe/d, despite more than 15 days of restricted production due to downstream infrastructure maintenance and plant "upsets" at non-company operated facilities. "The K-42 lower interval reservoir test exceeded our pre-drill expectations by a factor of two and further validates the quality and development potential of the stacked carbonate reservoirs at Kumli NW," said chief executive Don Streu.
Condor remains "well positioned" to continue increasing production and cash flow, Streu added.