Condor to test oil intervals at Kazakhstan discovery

Condor Petroleum Inc., Calgary, plans to conduct 90-day production tests of multiple hydrocarbon intervals at its Kiyaktysai KN-E-201 oil discovery in the Zharkamys West 1 Territory in Kazakhstan once regulatory approvals are obtained.

The company, which holds 100% interest in the 2,610 sq km block in the Precaspian basin, is maturing six similar prospects to drillable status and will spud the KN-E-202 appraisal well in the second quarter of 2013.

Logs indicate that KN‐E‐201, bottomed at 1,870 m, cut 58 m of net hydrocarbon pay down to 1,355 m. An additional 16-m net reservoir section was penetrated where oil was observed at surface, but no wireline log data were obtained. Below these intervals, wireline logs indicated 86 m of net overpressured reservoir with residual hydrocarbons that are indicative of incremental updip oil potential on the structure.

In all the well penetrated 160 m of net reservoir sands assuming an 8% porosity cutoff even though the main predrill geologic risk was the presence of reservoir‐quality sands. Condor said the discovery validates the company’s unique geologic model and 3D seismic interpretation for this play‐type, successfully yielding producible hydrocarbons.

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