Condor Begins Production Testing on KN‐E‐201

Condor Petroleum Inc. (“Condor” or the “Company”) (TSX:CPI) is pleased to provide an update on the testing operations on the KN‐E‐201 Primary Basin discovery well.

The production test has commenced on KN‐E‐201 with the well averaging production of 84 barrels of oil per day based on eleven production days. Production to date has been on a 4 millimeter choke and flow rates have been hampered by salt plugs forming in the tubing string. The salt plugs dissolve when exposed to fresh water and steps are being taken to mitigate this issue. The oil gravity is 40 degree API and water cuts have averaged 33%. The water cuts are believed to relate to the returns of the injected fresh water and a deeper water zone that has not been totally isolated to date. The ninety day production test is expected to continue until November 2013.

The KN‐E‐201 well confirms that the Primary Basin reservoirs are capable of oil production, which is significant as this is the first well in a newly developing play concept for the region. KN‐E‐201 also validates that salt‐encapsulated reservoirs can successfully be identified using the Company’s high resolution 3D seismic. The Company’s current Primary Basin portfolio includes 6 matured prospects which have 304 million barrels of Prospective Resources (unrisked) and additional potential exists in the recently announced expanded acreage. The KN‐E‐201 well results greatly reduce the geologic risks associated with this portfolio. Completion activities for the KN‐E‐202 appraisal well are expected to begin in September 2013.

Source: www.condorpetroleum.com