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Condor Petroleum Inc. (TSX:CPI) announced that it has released its Consolidated Financial Statements for 2012 and highlights included a 153% increase in annual production in Kazakhstan and the signing of a Memorandum of Agreement with an international company for the sale of its 66% participation interest in the Marsel territory.
Condor Petroleum Inc. (TSX:CPI) announced that it has released its Consolidated Financial Statements for 2012 and highlights included a 153% increase in annual production in Kazakhstan and the signing of a Memorandum of Agreement with an international company for the sale of its 66% participation interest in the Marsel territory.
As quoted in the pres release:
Total production from Zharkamys to date in 2013 has averaged 570 bopd including 410 bopd from Shoba where production has been constrained due to gas flaring limitations. When Shoba transitions into commercial production, which is expected in 2014, the permanent facilities will address these limitations.
Click here to read the full Condor Petroleum Inc. (TSX:CPI) press release.
