Condor TDs Its Third Horizontal Well and Appoints Chief Operating Officer

Executive Summary

• Condor Energies reported strong gas shows from its K‑46 horizontal well in Uzbekistan, including >25% gas over 141 m and ≥50% gas over more than 65 m of lateral section.
• The well is being completed with an acid wash and flow test slated for mid‑April 2026, with pipeline tie‑in work underway to move quickly to commercial gas sales.
• Condor announced the promotion of Matt Pachell to Chief Operating Officer, expanding his responsibilities over Central Asian operations and project execution.

Key Details

• Well K‑46 drilling: Total depth 3,150 m; 817 m open‑hole lateral section; third horizontal well in the Uzbekistan campaign.
• Reservoir performance: Strong gas shows >25% over 141 m of lateral; ≥50% gas over >65 m of lateral, mirroring positive results from vertical well K‑45 (5.3 MMscf/d flow rate, 1,053 psi tubing pressure).
• Completion plan: Acid wash of the lateral to boost near‑wellbore deliverability, followed by a flow and build‑up test; testing expected to finish by mid‑April 2026.
• Infrastructure: Pipeline tie‑in activities in progress to enable rapid transition to gas sales after testing.
• Next drilling activity: Rig moving to K‑47 on the same pad, drilled opposite direction targeting the same upper reservoir interval.
• Future development: Two additional upper‑reservoir horizontal wells planned from a second pad northeast of the current location; up to four more horizontals targeting a lower reservoir identified by K‑45.
• Executive appointment: Matt Pachell promoted from Senior Vice President, Asset Development & Exploration to Chief Operating Officer. He will oversee operations, project execution, and technical functions for growth strategies in Uzbekistan and Kazakhstan.

Notable Quotes

(No direct quotes were provided in the release.)