Oil and Gas

Condor Petroleum Inc. (TSE:CPI) updated on its operations at the Zharkamys West 1 Contract Territory and the Marsel Contract Territory in Kazakhstan.

Condor Petroleum Inc. (TSX:CPI) updated on its operations at the Zharkamys West 1 Contract Territory and the Marsel Contract Territory in Kazakhstan.

The press release is quoted as saying:

Condor has now completed the acquisition of 1,280 square km of 3D seismic data in the eastern and southern portions of the Zharkamys Territory. The data images shallow Triassic plays as well as deeper Sub-Canopy plays. Almost 90% of the Zharkamys Territory now has high resolution 3D seismic coverage. The initial tranche of seismic data has been processed and will be used to generate additional prospects for the continued exploration program.

In August, Condor initiated the acquisition of 900 km of 2D seismic within the Marsel Territory. This program is focused in the southern region of the territory where mapping indicates several large, untested structures with Devonian and Carboniferous potential. The acquisition program is planned to be completed in November while seismic processing is expected to begin in late September.

Click here to access the entire press release

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