Condor Energies Reports Significant Growth in Q3 Uzbekistan Gas and Condensate Sales
Condor Energies (CDR:CA) reported a strong third quarter for its operations in Uzbekistan, highlighted by a 79% year-over-year increase in natural gas and condensate sales. Revenue from these segments reached $33.55 million, up from $18.74 million in the same period last year, representing a 24% sequential increase from the previous quarter. Production metrics also showed substantial growth, with average daily production reaching 16,693 barrels of oil equivalent (boe/d). This reflects a 67% increase compared to the prior-year period and a 20% rise over the second quarter. The results underscore the company's expanding operational capacity and improved commercial performance in its Uzbekistan assets.
Topics: condensate sales natural gas sales production growth Uzbekistan energy