Condor Announces Kumli Field Extension With Successful 5.3 MMscf/d Well Test

Core Viewpoint - Condor Energies Inc. has provided an update on its gas development project in Uzbekistan, highlighting successful well testing activities and plans for future drilling to enhance production and reserves [1][5]. Well Testing Activities - The Kumli-45 vertical well (K-45) was drilled to a total depth of 2410 meters, encountering 19.9 meters of net carbonate reservoir with an average porosity of 16%, exceeding pre-drill expectations [2]. - A single rate well test yielded a stabilized flowing rate of 5.3 MMscf/d (883 boe/d) at a flowing tubing pressure of 1053 psi, indicating strong reservoir quality [2]. - The initial reservoir pressure of K-45 is estimated at 2896 psi, suggesting near virgin pressure conditions and increased undeveloped potential in the Kumli Northwest Field [2][6]. Future Production Plans - K-45 is expected to be placed on production later this month, with plans to drill an additional four horizontal wells from the same pad, targeting both the primary and deeper reservoirs [3][7]. - The company is also planning a matrix acid stimulation to potentially increase the current flow rate from K-45 [3]. Horizontal Well Developments - The Andakli-21 well (A-21) reached a total depth of 3456 meters, including a record 1279-meter open hole lateral section, with reservoir quality exceeding expectations [4]. - A-21 is expected to be brought into production later this month, alongside acid stimulation efforts for the previously drilled Andakli-23 well (A-23) [4]. Strategic Insights - The company’s President and CEO noted that the Kumli field's northwest limit had previously been underexplored, and new seismic data has revealed a large structural closure, enhancing the potential for future discoveries [5]. - The dolomitization of the primary pay section is expected to enhance reservoir properties, potentially increasing reserves and production rates [6]. Drilling Campaign Focus - The current 2026 drilling campaign will focus on the Kumli NW structure, with plans for up to five horizontal and one vertical well from a neighboring pad, aiming to materially grow reserves and production [7].