Condor Energies swings to Q2 profit as Uzbekistan gas, condensate sales climb on higher volumes

Reuters2026/08/14 01:40

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For Q2 2026, Uzbekistan output averaged 13,851 boe/d, up 17% sequentially, driven by new wells despite mid-quarter restrictions.
Uzbekistan gas and condensate sales reached CAD 27.14 million, up 20% from Q1, reflecting higher volumes with stable gas pricing.
Operating netback rose to CAD 12.25 million from CAD 7.52 million, helped by higher condensate realizations and lower unit costs.
Net income was CAD 762,000, as higher revenue offset increased production costs, G&A, depletion, finance expense, and income taxes.
Capital plans centered on accelerated Kumli NW drilling, a booster compression award expected in Q3, first-phase commissioning targeted for Q1 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Condor Energies Inc. published the original content used to generate this news brief on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Condor Energies swings to Q2 profit as Uzbekistan gas, condensate sales climb on higher volumes

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