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Condor Energies Hits New Daily Production Record in Uzbekistan

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Condor Energies (CDR.TO) has achieved a new daily production record at its operations in Uzbekistan, the company said Monday.

Condor's average daily production hit 15,283 barrels of oil equivalent per day over the past 72 hours due to the production start of the recently drilled Kumli-47 horizontal well.

It took only 40 days from the start of drilling Kumli-47 to commencing production, Condor said.

"With another horizontal well success at K-47, our 2026 year-to-date production has now increased by 41% despite a 20% natural decline rate of the legacy fields," President and Chief Executive Officer Don Streu said.

"The K-47 well result clearly demonstrates that this high-quality reservoir is capable of exceptional, repeatable production rates that can be quickly monetized to yield well payouts in under one year," Streu added.

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