Condor Energies Inc T.CDR

Alternate Symbol(s): CNPRF

Energy Oil & Gas E&P

Condor Energies Inc. is a Canada-based internationally focused energy transition company, which is focused on diverse initiatives in Central Asia. The Company has a producing gas asset, an ongoing project to construct and operate Central Asia’s first LNG facility and a separate project to develop and produce lithium brine. It has built a robust foundation for reserves, production and cashflow growth while also striving to minimize its environmental footprint. It has a 100% interest in and operates an exploration license in Kazakhstan for mining solid minerals, including lithium (the Lithium Mining License). It has a 100% interest in and operates the Poyraz Ridge and Destan operating licenses and gas fields in Turkiye. The Company, through its wholly owned subsidiary Marsa Turkey BV (MTBV), has a 100% working interest in two adjoining production licenses located on the Gallipoli (Gelibolu) peninsula in NW Turkey, lying within the SW extension of the prolific gas-producing Thrace Basin.

TSX:CDR - Post by User

Condor Energies Inc

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Comment by Weebleon Nov 20, 2017 10:43pm

99 Views

Post# 27000919

RE:RE:getting out

Lost Kazakhstan? I am not sure what you are talking about.

Production from Shoba and Taskuduk in Kazakhstan averaged 457 bopd for the three months and 410 bopd for the nine months ended September 30, 2017 and the operating netback which is defined as crude oil sales revenue less production costs, royalty expense and transportation and selling expense, averaged $19.79 per barrel in the third quarter of 2017 and $18.47 per barrel for the nine months ended September 30, 2017.
The Company has referred the Zharkamys exploration contract extension case to the Supreme Court of Kazakhstan and the hearing is scheduled to commence on November 29, 2017. The ongoing court proceedings related to Zharkamys do not affect the Company’s Shoba and Taskuduk oilfields which are each governed by separate production contracts. During the first quarter of 2017, the Company established and received funds from a USD 10.0 million secured non-revolving credit facility which bears interest at 14% and matures on January 31, 2020 and issued to the lender a warrant certificate exercisable into one million common shares of Condor at $2.35 per share on or before January 31, 2020.

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