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NEWS RELEASE
March 6, 2013
Condor provides update on Kiyaktysai oil discovery
CALGARY, March 6, 2013 – Condor Petroleum Inc. (“Condor” or the “Company”) (TSX:CPI) is pleased
to provide an update on the Kiyaktysai (“KN‐E‐201”) oil discovery at the Zharkamys West 1 Territory
(“Zharkamys”) in Kazakhstan.
KN‐E‐201 was drilled to a total depth of 1,870 meters. As previously announced, 58 meters of net
hydrocarbon pay was identified from wireline logs down to 1,355 meters. An additional 16 meter net
reservoir section was penetrated where oil was observed at surface, but no wireline log data obtained.
Below these intervals, wireline logs identified 86 meters of net over‐pressured reservoir with residual
hydrocarbons. The residual hydrocarbons are indicative of incremental up‐dip oil potential within the
Kiyaktysai structure.
Multiple hydrocarbon intervals are planned to be completed and put on individual 90 day production tests
starting in Q2 2013, once regulatory approvals are obtained. Drilling the first appraisal well, KN‐E‐202, is
also targeted to begin in Q2 2013. The appraisal well will help further define the potential size of the
Kiyaktysai discovery.
The main pre‐drill geologic risk for KN‐E‐201 was the presence of reservoir‐quality sands. This well
penetrated a total of 160 meters of net reservoir sands, assuming an 8 percent porosity cut‐off. The
discovery validates Condor’s unique geologic model and 3D seismic interpretation for this play‐type,
successfully yielding producible hydrocarbons. Six similar prospects are being matured to drill‐ready
status.
March 6, 2013
Condor provides update on Kiyaktysai oil discovery
CALGARY, March 6, 2013 – Condor Petroleum Inc. (“Condor” or the “Company”) (TSX:CPI) is pleased
to provide an update on the Kiyaktysai (“KN‐E‐201”) oil discovery at the Zharkamys West 1 Territory
(“Zharkamys”) in Kazakhstan.
KN‐E‐201 was drilled to a total depth of 1,870 meters. As previously announced, 58 meters of net
hydrocarbon pay was identified from wireline logs down to 1,355 meters. An additional 16 meter net
reservoir section was penetrated where oil was observed at surface, but no wireline log data obtained.
Below these intervals, wireline logs identified 86 meters of net over‐pressured reservoir with residual
hydrocarbons. The residual hydrocarbons are indicative of incremental up‐dip oil potential within the
Kiyaktysai structure.
Multiple hydrocarbon intervals are planned to be completed and put on individual 90 day production tests
starting in Q2 2013, once regulatory approvals are obtained. Drilling the first appraisal well, KN‐E‐202, is
also targeted to begin in Q2 2013. The appraisal well will help further define the potential size of the
Kiyaktysai discovery.
The main pre‐drill geologic risk for KN‐E‐201 was the presence of reservoir‐quality sands. This well
penetrated a total of 160 meters of net reservoir sands, assuming an 8 percent porosity cut‐off. The
discovery validates Condor’s unique geologic model and 3D seismic interpretation for this play‐type,
successfully yielding producible hydrocarbons. Six similar prospects are being matured to drill‐ready
status.
