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Condor Energies Ramps Up Uzbekistan Drilling as Output Edges Higher

Story Highlights
  • Condor Energies increased Uzbekistan production modestly in late 2025, with Q4 and December volumes up on successful workovers while annual output remained flat year over year.
  • The company is advancing a two-rig, multi-well drilling campaign in Uzbekistan, including record-length horizontal wells and new appraisal drilling, aiming to materially lift 2026 production and unlock additional gas reserves.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Condor Energies Ramps Up Uzbekistan Drilling as Output Edges Higher

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

Condor Energies reported a 5.6% quarter-on-quarter increase in average daily production to 10,534 boepd in Q4 2025 and a 7.6% month-on-month rise in December output, driven largely by successful well workover programs in Uzbekistan, while full-year 2025 production was broadly flat versus 2024. The company’s first horizontal well in Uzbekistan, featuring the country’s longest lateral, is onstream from a shallower carbonate zone after testing 3.6 MMscf/d of gas with associated condensate, as Condor works to source equipment to fully access the lateral; meanwhile, a second horizontal well from the same pad and a new vertical appraisal well in an under-developed southern gas field are progressing, underpinning a two-rig, multi-well drilling campaign and associated compression and workover initiatives that management believes could materially boost 2026 production and cash flow and unlock material reserves potential.

The most recent analyst rating on (TSE:CDR) stock is a Buy with a C$4.00 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 challenges, including declining revenue and profit margins, and negative cash flow growth. The technical analysis provides a slightly positive outlook due to some upward momentum indicators, but the valuation remains unattractive due to a negative P/E ratio and lack of dividends. These factors collectively result in a lower overall stock score.

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

More about Condor Energies

Condor Energies Inc. is a TSX-listed, Canada-based energy transition company operating in Central Asia, focused on increasing natural gas and condensate production in Uzbekistan, developing Central Asia’s first LNG diesel-substitution facility in Kazakhstan, and advancing critical minerals projects from brines in Kazakhstan to serve European and Asian energy security needs.

Average Trading Volume: 45,203

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$132.6M

For an in-depth examination of CDR stock, go to TipRanks’ Overview page.

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