Kazakhstan: Condor to test Zharkamys oil discovery

Condor Petroleum Inc., Calgary, received regulatory approval for a completion and testing program of KN-E-201 oil discovery on the 2,610 sq km Zharkamys territory in the Precaspian basin in Kazakhstan.

The 90-day test program will begin in June 2013. The service rig and surface production equipment are being mobilized.

Condor recently spudded KN-E-202, the first appraisal well of the Kiyaktysai discovery and is approaching the planned intermediate casing depth to be set just above the primary target zones. Once penetrated, the target zones will be cored before reaching total depth of 2,000 m.

Kazakhstan’s Ministry of Oil and Gas agreed to extend the Zharkamys exploration period for a further 2 years until Aug. 27, 2015. The extension allows Condor to continue its phased exploration strategy to target some of the deeper prospects in the drilling portfolio.

Condor also holds a 66% interest in Marsel Petroleum LLP, which has the exploratory rights to the 18,500 sq km Marsel territory in the Chu Sarysu basin in Kazakhstan.

 

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