Condor Receives a Favorable Ruling on the Zharkamys Exploration Contract Extension
Condor Petroleum Inc., a Canadian based oil and gas company focused on production and exploration activities in Turkey and Kazakhstan, is pleased to announce it has received a favorable Kazakhstan Civil Court (“Civil Court”) ruling related to the extension of the Zharkamys exploration contract (“Zharkamys Contract”). The Company’s Zharkamys Contract …
Condor’s Total Production Increases by More Than Four Times with Gas from Turkey
Condor Petroleum Inc., a Canadian based oil and gas company focused on production and exploration activities in Turkey and Kazakhstan, is pleased to announce that commercial production has commenced at the Company’s 100% owned and operated Poyraz Ridge natural gas field in Turkey. Condor’s total production is currently ranging from …
Condor Petroleum: Q3 Results – Zharkamys Court Case With the Supreme Court
Condor Petroleum Inc., a Canadian based oil and gas company focused on exploration and production activities in Turkey and Kazakhstan, is pleased to announce the release of its unaudited interim condensed consolidated financial statements for the three and nine months ended September 30, 2017, together with the related management’s discussion …
Condor Petroleum: Q1 2017 Results – $56.6 million Expense Related to the Derecognition Under the Zharkamys Contract
Condor Petroleum Inc., a Canadian based oil and gas company focused on exploration and production activities in Turkey and Kazakhstan, is pleased to announce the release of its unaudited interim condensed consolidated financial statements for the three months ended March 31, 2017, together with the related management’s discussion and analysis. …
Condor Petroleum: Taskuduk Commences Commercial Production
Condor Petroleum Inc. is pleased to announce that commercial oil production has commenced at the Taskuduk oilfield in Kazakhstan. The production from Taskuduk complements the Shoba commercial production which began in September. The combined flow rates from these 100% owned oilfields have exceeded an average of 600 barrels per day to …
Condor Petroleum: Acquires Marsa Energy
Condor Petroleum Inc. and Marsa Energy Inc. are pleased to announce that they have entered into an agreement (the Arrangement Agreement) that provides for the acquisition of Marsa by Condor, to create a well-capitalized company with significant exploration and development assets. The acquisition will be effected by way of a …
Condor Petroleum: KN-501 – Non Commercial But Does Confirm Hydrocarbon Source, Migration, Trap and Seal are Present
Condor Petroleum Inc. is pleased to announce the release of its Unaudited Interim Consolidated Financial Statements for the three and nine months ended September 30, 2015, together with the related Management’s Discussion and Analysis. These documents will be made available under Condor’s profile on SEDAR at www.sedar.com and on the …
Condor Petroleum: Well KN-501 Reaches Total Depth with No Commercial Hydrocarbons
Condor Petroleum Inc. has reached a total depth of 3,992 meters on the KN-501 Primary Basin well located on the Company’s 100% owned Zharkamys West 1 Territory in Kazakhstan. Numerous gas shows were encountered while drilling the main hole section from 3,530 meters to TD, although no commercial hydrocarbon reservoirs …
Condor Petroleum: Spins Bit at KN-501 Primary Basin Well in Zharkamys West 1
Condor Petroleum Inc. is pleased to announce that drilling operations have commenced on the KN-501 Primary Basin well on the Company’s 100% owned Zharkamys West 1 Territory in Kazakhstan. The KN-501 Primary Basin well is targeting 67 mmboe unrisked mean prospective resources and is planned to reach a depth of …
Condor Petroleum: Receives Zharkamys West 1 Exploration Contract Extension Till Dec 2016
Condor Petroleum Inc. (“Condor” or the “Company”) (CPI) is pleased to announce that the Government of Kazakhstan has approved an extension to the Zharkamys West 1 exploration contract for ten months until December 14, 2016. The Zharkamys exploration contract will be amended in due course. Drilling Update: A drilling contractor …