Condor Petroleum (TSE:CDR) has released an update.
Condor Energies Inc. has launched a project to boost gas production in Uzbekistan, targeting an increase through various methods such as artificial lift and drilling programs. The Canadian-based company will cover the project’s expenses and reap a share of the net revenues, with all gas supplied domestically in Uzbekistan. Amidst a growing economy and significant investment, Uzbekistan remains focused on natural gas as a key transitional energy source.
For further insights into TSE:CDR stock, check out TipRanks’ Stock Analysis page.