Condor Petroleum has provided an update on its operations at the Zharkamys West 1 Contract Territory in Kazakhstan. The Company is planning 90 day production tests for the Shoba-1, 2 & 3 wells.

Shoba production tests

A downhole pump has been installed on the Shoba-1 well in preparation for a 90 day production test. Surface test equipment is being mobilized / hooked up and oil flow is targeted to commence in early August. Bottom hole samples have been collected on the Shoba-2 well and its 90 day production test is also targeted to commence in August. A 90 day production test on Shoba-3 is expected to commence in September.

The service rig that has been operating at Shoba is relocating to the Taskuduk W3 well, which successfully penetrated a separate oil-bearing Triassic formation. Using recently acquired 3D seismic data, Condor plans to test another 5 meter sand package identified at Taskuduk W3.

Taskuduk SE-1 well results

Taskuduk SE-1 was drilled to a total depth of 953 meters. Commercial quantities of hydrocarbons were not encountered and Condor plans to abandon the well. Condor plans to move the drilling rig from Taskuduk SE-1 to the Ebiety-1 location and commence drilling in August.

To date, four Triassic 'horn-play' structures have been drilled and two of these (Shoba and Taskuduk West) have encountered commercial hydrocarbon quantities. Three of five wells drilled in the Zharkamys Territory in 2011 have been successful.

3D Seismic acquisition

Operations are ongoing to acquire 1,280 sq. km of 3D seismic data in the eastern and southern portions of the Zharkamys Territory to image shallow Triassic plays as well as deeper Sub-Canopy plays. Condor plans to complete this program in Q4 2011, following which 90% of the Zharkamys Territory will have coverage with high resolution 3D seismic data. The initial tranche of processed seismic data, which is expected to be received by Condor in mid September, will be used to generate additional prospects for Condor's 2012 exploration program.

Tags: Condor Resources Inc