Condor’s First Horizontal Well in Uzbekistan Reaches TD While Two New Zone Workovers in an Adjacent Field Increase Daily Production to Approximately 12,000 boepd

Core Viewpoint - Condor Energies Inc. has successfully drilled its first horizontal well, Andakli-23, in Uzbekistan, achieving significant production increases and planning further drilling activities in the region [1][5]. Group 1: Well Performance and Production - The Andakli-23 horizontal well reached a total depth of 3,775 meters, including 1,007 meters of open hole horizontal section, and has increased average daily production to 11,844 barrels of oil equivalent per day (boepd) over the past three days [1][2]. - The well is expected to be placed on production in December 2025 after flow testing [2]. - Recent workovers in the North Syuzma field have also shown strong gas flow, with production rates reaching 9,978 boepd in the third quarter of 2025 [6]. Group 2: Technical Insights and Future Plans - The drilling operations included a vertical pilot hole that evaluated the prospectivity of the Jurassic clastics, identifying fair to good reservoir quality with estimated porosities of 9 to 13% [3]. - The company plans to drill up to 12 new wells in 2026, with the next horizontal well targeting a different carbonate reservoir [5][6]. - The successful introduction of new technologies and techniques during the drilling of A-23 is expected to enhance future production capabilities [5].