Condor Energies Expands Drilling and LNG Operations in Central Asia

Condor Energies ( (TSE:CDR) ) has shared an announcement.

Condor Energies has initiated a multi-well drilling program in Uzbekistan, targeting both existing carbonate reservoirs and deeper, under-exploited formations. The program aims to optimize horizontal well production, potentially increasing reserves significantly. The company is also planning to install field compression to boost production by up to 55% by 2026. In Kazakhstan, Condor is on track to complete its first modular LNG facility by the end of 2025, with production expected to begin in mid-2026. This expansion is part of Condor’s broader strategy to enhance its gas production capabilities and market presence in Central Asia.

The most recent analyst rating on (TSE:CDR) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Condor Energies stock, see the TSE:CDR Stock Forecast page.

Spark’s Take on TSE:CDR Stock

According to Spark, TipRanks’ AI Analyst, TSE:CDR is a Neutral.

Condor Energies’ overall stock score is primarily impacted by its financial performance, which shows modest revenue growth but significant profitability and cash flow challenges. Technical analysis indicates a neutral trend with weak momentum, while valuation metrics are poor due to ongoing losses. The absence of earnings call and corporate events data limits additional insights.

To see Spark’s full report on TSE:CDR stock, click here.

More about Condor Energies

Condor Energies Inc. is a Canadian-based, internationally focused energy transition company operating primarily in Central Asia. The company is involved in the exploration and production of natural gas and liquefied natural gas (LNG), with a market focus on expanding its operations in Uzbekistan and Kazakhstan.

Average Trading Volume: 62,212

Technical Sentiment Signal: Buy

Current Market Cap: C$124.4M

See more data about CDR stock on TipRanks’ Stock Analysis page.