CNPRF
CONDOR ENERGIES INC
stock OTC

Condor Energies Inc. (TSX: [CDR.TO](http://CDR.TO), OTCQX: CNPRF), an energy player focused on oil and gas E&P, recently shared updates via FRC Analysts that caught my eye. They’re operating eight gas fields in Uzbekistan under a 20-year government contract, using Western tech to boost production. Q3-2024 showed flat production despite a 20%+ natural decline rate, which is a solid sign their methods are working. Post-quarter, a workover campaign bumped current output 7% above the Q3 average.
The latest news? A previously idle well now flows at 1,300 boepd, lifting total production to 11,455 boepd. Analysts say there are at least five more wells like it in the pipeline. Q4-2024 averaged 10,510 boepd (up 5% QoQ), with revenue hitting $20.9M, bringing 2024 to $66.5M—pretty close to the $66.7M forecast. Full audited financials drop next month. Analysts are optimistic about 2025, projecting 11,667 boepd, and see room for growth. Uzbekistan’s regulated gas prices add stability, unlike typical commodity swings.
CDR’s also got LNG and lithium projects in Kazakhstan on the back burner—no big updates yet, but worth watching.

Disclaimer: No investment advice, do you DD. This report and research coverage is paid for and commissioned by the issuer.

Condor Energies Inc. (TSX: [CDR.TO](http://CDR.TO), OTCQX: CNPRF), an energy player focused on oil and gas E&P, recently shared updates via FRC Analysts that caught my eye. They’re operating eight gas fields in Uzbekistan under a 20-year government contract, using Western tech to boost production. Q3-2024 showed flat production despite a 20%+ natural decline rate, which is a solid sign their methods are working. Post-quarter, a workover campaign bumped current output 7% above the Q3 average.
The latest news? A previously idle well now flows at 1,300 boepd, lifting total production to 11,455 boepd. Analysts say there are at least five more wells like it in the pipeline. Q4-2024 averaged 10,510 boepd (up 5% QoQ), with revenue hitting $20.9M, bringing 2024 to $66.5M—pretty close to the $66.7M forecast. Full audited financials drop next month. Analysts are optimistic about 2025, projecting 11,667 boepd, and see room for growth. Uzbekistan’s regulated gas prices add stability, unlike typical commodity swings.
CDR’s also got LNG and lithium projects in Kazakhstan on the back burner—no big updates yet, but worth watching.

Disclaimer: No investment advice, do you DD. This report and research coverage is paid for and commissioned by the issuer.