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Condor Energies (CDR) investor relations material
Condor Energies Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 production in Uzbekistan averaged 10,258 boe/d, with 10,004 boe/d from natural gas and 254 bopd from condensate.
Uzbekistan natural gas and condensate sales reached $19.29 million in Q2 2025.
Multi-well drilling program in Uzbekistan to commence in early September 2025, targeting both carbonate and deeper clastic reservoirs.
Modular LNG facility in Kazakhstan on track for Q2 2026 production, supported by a USD $5.0 million bridge loan.
Three LNG feed gas allocations secured in Kazakhstan, enabling future expansion of LNG facilities.
Financial highlights
Q2 2025 natural gas production: 5,462,413 Mcf (up 1.7% year-over-year); condensate: 23,143 barrels (up 19.2%).
Six months ended June 30, 2025: natural gas production 11,304,929 Mcf (up 3.0% year-over-year); condensate 55,586 barrels (up 35.8%).
Q2 2025 operating netback for natural gas: $1.28/Mcf; for condensate: $44.57/bbl.
Q2 2025 natural gas sales: $17.88 million; condensate sales: $1.41 million.
Outlook and guidance
Multi-well drilling in Uzbekistan to begin September 2025, with up to twelve horizontal and one vertical well planned.
Field compression in Uzbekistan expected to be installed in 2026, potentially increasing production by 25–55%.
First LNG production in Kazakhstan scheduled for Q2 2026, with additional modular LNG facilities planned.
Initial development plan for Sayakbay lithium project includes drilling and testing two wells, with drilling expected in 2027.
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