Condor Energies drills first well in Uzbekistan

Executive Summary

• Condor Energies completed the vertical pilot section of its first horizontal well in Uzbekistan, intersecting 28.5 m of net gas pay in carbonate reservoirs and 9.1 m in deeper clastic reservoirs.
• The company plans to sidetrack the well to a ~90° horizontal trajectory targeting up to 1,000 m (potentially longer), with completion and testing slated for November 2025 and an estimated initial production of 13–20 MMcf/d.
• A second drilling rig will be deployed to a southern gas field where a recent recompletion boosted production from 1.1 MMcf/d to 7.5 MMcf/d, with plans for additional vertical and pad‑style horizontal wells in 2026.

Key Details

• Vertical Pilot Completion: Total depth 2,805 m; wireline logs and full‑diameter core obtained.
• Net Gas Pay Intercepts:
• Carbonate reservoirs – 28.5 m (non‑contiguous).
• Deeper clastic reservoirs – 9.1 m (non‑contiguous).
• Horizontal Drilling Plan: Sidetrack to ~90°; target horizontal length 1,000 m (potentially longer), geosteered toward reservoir crest using LWD technology.
• Projected Completion/Test Date: November 2025.
• Estimated Initial Production Rate: 13–20 MMcf/d (internally estimated).
• Second Rig Deployment: Targeting an underdeveloped southern gas field; recent perforation of an 8‑m carbonate interval increased well output from 1.1 MMcf/d to 7.5 MMcf/d for the first 30 days, averaging 6.2 MMcf/d over the past five months.
• Future Development Plan (2026): Drill a vertical confirmation well, collect modern wireline and core data, then execute a pad‑style horizontal program targeting up to three reservoirs with as many as five horizontal wells.

Notable Quotes

“Our team has done a great job in successfully and safely initiating Condor's multiwell drilling campaign… We are excited to be drilling Uzbekistan's first 1,000‑metre horizontal well and look forward to the step change this will bring Condor and Uzbekistan.” – Don Streu, President & CEO.