Condor's K-46 Horizontal Well Flows at Up to 18.3 MMscf Per Day

• On 8 Apr 2026 Condor announced that its newly drilled Kumli K‑46 horizontal well (817 m lateral in sucrosic dolomite) stabilized at 15.5 MMscf/d (2,583 boe/d) and showed an estimated sand‑face absolute open flow (AOF) of 67 MMscf/d (11,167 boe/d).
• This AOF is roughly nine times the 7.1 MMscf/d AOF recorded for the earlier K‑145 vertical well.
• The well passed a four‑hour choke test at 18.3 MMscf/d before throttling to 15.5 MMscf/d, confirming strong deliverability.
• Pipeline tie‑in is expected mid‑April, enabling immediate gas sales.
• Additional horizontal wells (K‑147 and up to four more) are planned on the current pad; a second pad is under construction.
• Acceptance testing continues on Condor’s first LNG facility with shipment to Kazakhstan slated for Q2 2026. Financing discussions with multiple lenders remain active.

• Scale of result: The nine‑fold increase in AOF versus the prior vertical well represents a transformational uplift in reserve‑to‑production potential and cash‑flow generation.
• Revenue implication: Immediate tie‑in will convert the flow into sellable gas, likely adding >15 MMscf/d to Condor’s production base (≈2,500 boe/d). At current market gas prices, this could lift quarterly revenue by several million CAD.
• Balance‑sheet effect: The accelerated cash generation reduces reliance on bridge loans and convertible debentures that were raised in late 2025. It also strengthens the company’s position to fund the LNG feed‑gas allocations already secured.
• Strategic relevance: Demonstrates the efficacy of Condor’s horizontal drilling strategy, validating the 12‑well program for 2026 and supporting the long‑term plan to become a regional gas supplier and LNG feedstock provider.
• Market perception: The news exceeds prior expectations (previous updates only hinted at “strong” shows). The magnitude of flow is new information, thus qualifies as material positive rather than routine.

Condor Energies Inc. focuses on developing unconventional gas resources in Uzbekistan (Kumli field) and building a 48,000 gal/day LNG liquefaction facility in Kazakhstan to supply regional markets. The flagship K‑46 horizontal well demonstrates the company’s core competency: converting long‑lateral horizontals into high‑rate gas producers.