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The latest announcement is out from Condor Energies ( (TSE:CDR) ).
Condor Energies Inc, a Canadian energy transition company, announced successful outcomes from its recent workover operation in Uzbekistan, where a well began producing at 1,300 boepd after identifying a potential gas pay section. This production success underscores the company’s strategic efforts to enhance production capabilities and operational efficiency. Condor is expanding its workover operations with additional rigs and evaluating more wells to further boost its output. The collaboration with Uzbekistan’s national company and technical institutes has been pivotal to these advancements, reflecting Condor’s ongoing commitment to its 2025 production growth plans.
More about Condor Energies
Condor Energies Inc is a TSX-listed energy transition company with operations focusing on increasing natural gas and condensate production in Uzbekistan, constructing Central Asia’s first LNG diesel substitution facility in Kazakhstan, and developing critical minerals from brines in Kazakhstan. Positioned at the intersection of European and Asian markets, Condor is committed to growth in reserves, production, and cash flow while minimizing its environmental impact.
YTD Price Performance: 3.72%
Average Trading Volume: 74,174
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$131.5M
For detailed information about CDR stock, go to TipRanks’ Stock Analysis page.
