Condor Energies Inc. (锟紺ondor锟�) (TSX: CDR), a Canadian based, internationally focused energy transition company with active Central Asian operations is pleased to provide an update on well testing activities on its Uzbekistan gas development project.
KUMLI-45 VERTICAL WELL DRILLING AND TEST RESULTS
The Kumli-45 vertical well (锟終-45锟� or the 锟絫hird well锟�) was drilled to a total depth of 2410 meters and included cutting an 18-meter core from one of the targeted pay sections. Based on open hole wireline logs, 19.9 meters of net carbonate reservoir were encountered in four separate intervals. Reservoir quality in the main pay zone exceeded pre-drill expectations with an average porosity of 16% and streaks exceeding 20%. Three reservoirs were perforated and acid washed to enhance near wellbore deliverability. A single rate well test was conducted at a stabilized flowing rate of 5.3 MMscf/d (or 883 boe/d) through a 锟斤拷 choke at a flowing tubing pressure of 1053 psi for seven hours. The stabilized surface flow rate equates to a sandface absolute open flow rate of 7.1 MMscf/d (or 1183 boe/d). A preliminary condensate-gas ratio from the flow test is 5.6 bbls/MMscf. K-45锟絪 initial reservoir pressure is estimated to be 2896 psi, indicating near virgin pressure conditions. The well is located on the western half of the Kumli Northwest Field (锟終umli NW锟�) and a near virgin pressure at this location increases the remaining undeveloped potential of the structure.
K-45 is expected to be placed on production later this month once the drilling rig is moved to the next well slot on the same pad. The Company plans to drill an additional four horizontal wells from this pad, with the first two horizontal wells targeting the same primary reservoir encountered in K-45 and the other two other wells targeting a deeper reservoir. A matrix acid stimulation that can potentially further increase the current flow rate is also in the planning stages.
ANDAKLI-21 AND ANDAKLI-23 HORIZONTAL WELL STATUS
As previously disclosed, the Company锟絪 second well of its multi-well campaign, Andakli-21 (锟紸-21锟�), reached TD at 3456 meters which includes a 1279-meter open hole lateral section, setting a record for the longest horizontal drilled in Uzbekistan. Reservoir quality exceeded pre-drill expectations with 223 meters of the lateral section indicating up to 12% visible porosity as observed in the drill cuttings. The drilling rig is being moved off of A-21 and preparations are underway to perform an acid stimulation of the lateral section to remove any near wellbore drilling fluid invasion and enhance productivity and A-21 is expected to be brought onto production later this month. In addition, the lateral section of the Company锟絪 previously drilled Andakli-23 well (锟紸-23锟�) will also be acid-stimulated, tested, and brought online in March 2026.
MESSAGE FROM CONDOR锟絊 PRESIDENT AND CEO
Don Streu, Condor锟絪 President and CEO commented: 锟紸lthough the Kumli field was discovered in 1999 and subsequently developed with a total of 32 vertical wells, the northwest limit of the field had only two wells that encountered the edge of the structure that K-45 drilled. Using Condor锟絪 reprocessed 3D seismic data, an alternate structural interpretation was internally generated and indicated the presence of a previously unidentified, large structural four-way closure, Kumli NW. Based on the previously disclosed positive acid stimulation results from the vertical section of A-23, we anticipate that K-45 could perform even better once the matrix acid stimulation is completed.
Of special note is that the primary pay section appears to be dolomitized based on drill cuttings and wireline log data. Dolomitization is a geologic process that chemically alters the carbonate limestone prior to gas migration, enhancing reservoir porosities and permeabilities and can potentially increase reserves volumes and production rates. This is likely why we锟絭e encountered exceptional porosity streaks that exceed 20% and have contributed to the strong test flow rate. We are very pleased that K-45锟絪 high reservoir pressure is much greater than the surrounding producing wells, which indicates a larger undrained area than previously modelled. The K-45 well results also validate the accuracy of our 3-D seismic data set and the corresponding geological model.
Our current 2026 drilling campaign will focus primarily on the Kumli NW structure with four horizontal wells planned from the existing pad and up to five horizontal and one vertical well from a neighboring pad. Given the encouraging K-45 preliminary test results and reservoir properties, and that horizontal wells often produce at two to four times the rate of vertical wells, we are very keen to execute the 2026 drilling program to materially grow reserves and production.锟�