Condor Energies Inc. reports positive second quarter results with production and sales increases

From GlobeNewswire: 2024-08-13 18:58:40

Condor Energies Inc. released unaudited financial statements for the second quarter of 2024, reporting production in Uzbekistan averaging 10,052 boe/d and gas and condensate sales of $18.95 million. The company initiated a successful multi-well workover campaign and signed a LNG Framework Agreement in Kazakhstan to supply LNG for rail locomotives. CEO Don Streu expressed optimism for continued growth, highlighting the company’s ability to arrest production decline rates in Uzbekistan and implement new technologies. The company is also developing Kazakhstan’s first LNG facilities and progressing with a lithium license for emerging technologies.



Read more at GlobeNewswire: Condor Announces 2024 Second Quarter Results