Condor Energies Inc. releases strong 2024 financial results with production increases and project advancements.

From GlobeNewswire: 2025-03-20 20:15:00

Condor Energies Inc. has released its audited financial statements for 2024, showing production in Uzbekistan averaging 10,511 boe/d in Q4. Production for March 2025 has increased to 12,019 boe/d. The company initiated a multi-well workover program in Uzbekistan and received natural gas allocations in Kazakhstan for LNG production. Condor also signed an LNG Framework Agreement for Kazakhstan’s rail locomotives. The company completed a private placement in December 2024, raising $18.1 million. Reserves in Uzbekistan as of December 31, 2024, are 18.5 million boe. Condor is also advancing critical minerals initiatives in Kazakhstan.



Read more at GlobeNewswire: Condor Announces 2024 Year-End Results