• Gross production in Uzbekistan has reached ~14 mboe/d, reflecting the strong performance of the K-46 well.
• Condor is raising C$26–29.9 mm of new equity at C$2.60 per share, providing capital to accelerate production growth. The very high wellhead pressures from new wells are constraining output from older, lower‑pressure wells. Proceeds from the equity raise will fund the installation of field compressors, enabling Condor to maximize production from the legacy wellstock.
• The offering is ex ....
17 Apr 2026
Condor Energies Inc. (TSX: CDR): C$26-29.9 mm equity raise to boost growth
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Condor Energies Inc. (TSX: CDR): C$26-29.9 mm equity raise to boost growth
• Gross production in Uzbekistan has reached ~14 mboe/d, reflecting the strong performance of the K-46 well.
• Condor is raising C$26–29.9 mm of new equity at C$2.60 per share, providing capital to accelerate production growth. The very high wellhead pressures from new wells are constraining output from older, lower‑pressure wells. Proceeds from the equity raise will fund the installation of field compressors, enabling Condor to maximize production from the legacy wellstock.
• The offering is ex ....