Condor Energies Inc.'s Shares Surge 3.90% on Record Uzbekistan Production
Condor Energies Inc., a Canadian energy company, saw its shares rise by 3.90% on August 31, 2026, following a series of operational milestones in Uzbekistan and Kazakhstan.
The company reported record production from its Uzbekistan operations, with newly drilled horizontal wells K-43 and K-44 tied into existing facilities, contributing to the highest production level to date.
Condor's second-quarter results showed an increase in average Uzbekistan production compared to both the previous quarter and the prior-year period, while natural gas and condensate sales also improved sequentially.
The company is accelerating development activity in Uzbekistan with a second drilling rig, and has planned additional wells for completion before year-end. In Kazakhstan, Condor is advancing its first LNG facility, with commercial production targeted for early 2027 and financing discussions ongoing.