Condor接受Shoba生产合同

Condor Petroleum Inc. (TSX: CPI) is pleased to announce that the Shoba Production Contract has been executed with the Government of Kazakhstan, which provides for commercial production at the Company’s 100% owned Shoba oilfield. Production is expected to re-commence at Shoba during September at rates exceeding 500 barrels per day. The Taskuduk Production Contract is expected to be signed shortly and will provide for additional commercial production at the Company’s 100% owned Taskuduk oilfield in Kazakhstan.

The Poyraz 5 well was recently spudded at the Company’s 100% owned Poyraz Ridge production license in Turkey. Surface casing has been set at 346 meters and drilling the main hole section is underway. The well is expected to reach total depth in September. The Poyraz Ridge drilling program is designed to extend the gas reserve areas, fully penetrate and evaluate the fractured carbonate productive intervals and determine whether a gas-water contact is present in the trap closure area. Along with providing additional production capacity, the wells are intended to increase the Company’s reserves.