benzinga82d ago
CALGARY, Alberta, April 01, 2026 (GLOBE NEWSWIRE) -- Condor Energies Inc. ("Condor" or the "Company") (TSX: CDR ), a Canadian based, internationally focused energy transition company with active Central Asian operations is pleased to provide an update on drilling activities on its Uzbekistan project. KUMLI-46 HORIZONTAL WELL REACHES TOTAL DEPTH The Kumli-46 horizontal well ("K-46") was drilled to a total depth of 3,150 meters which included an 817-meter open-hole lateral section. The well is the third horizontal well and fourth well in Condor's ongoing multi-well drilling campaign in Uzbekistan. K-46 is offsetting the previously drilled K-45 vertical well which encountered two primary gas intervals containing high-quality reservoirs with average porosities of 16% and streaks exceeding 20% as determined by open-hole wireline logs. K-46 is a horizontal follow-up development well in the same dolomitized upper reservoir interval ("upper reservoir") identified in K-45. During K-46 drilling operations, strong gas shows of over 25% were recorded in 141 meters of lateral section and even stronger shows of 50% or greater were recorded in more than 65 meters of lateral section. These encouraging drilling observations are consistent with the positive K-45 vertical well results, which was recently tested and flowed at 5.3 MMscf/d through a 1⁄2" choke for seven hours with a flowing tubing pressure of 1053 psi. K-46 is currently being completed and will include an acid wash of the lateral section to enhance near wellbore deliverability and a flow and build up test. Testing activities are expected to be completed by mid-April 2026 and pipeline tie-in activities are underway to ensure a rapid transition to gas sales. The drilling rig is now moving to K-47 on the same drilling pad and will be drilled in an opposing direction to K-46, targeting the same upper reservoir interval. Two additional upper reservoir horizontal development locations are planned from the second drilling pad located to the northeast of the existing pad and up to four additional horizontal wells are planned that target a lower reservoir also identified by K-45. CONDOR APPOINTS MATT PACHELL AS CHIEF OPERATING OFFICER Condor's Board of Directors is pleased to announce the appointment of Matt Pachell as Chief Operating Officer from his previous position as the Company's Senior Vice President of Asset Development and Exploration. Mr. Pachell brings extensive experience leading complex, multicultural upstream teams and his successful track record of production optimization, field exploration and development and integrated project delivery fully aligns with Condor's initiatives in Uzbekistan and Kazakhstan. Corporately, Mr. Pachell will oversee operations, project execution, and all technical functions to deliver Condor's Central Asian growth strategies. ABOUT CONDOR ENERGIES INC Condor Energies Inc is a TSX-listed energy transition company that is uniquely positioned on the doorstep of European and Asian markets with three distinct first-mover energy security initiatives: increasing natural gas and condensate production from its existing fields in Uzbekistan; an ... Full story available on Benzinga.com
