Condor Petroleum Inc. has finished the drilling and logging program for the KN-E-202 appraisal well on the Kiyaktysai structure, which follows the recent KN-E-201 discovery well on the Zharkamys West 1 Territory in Kazakhstan.

KN-E-202 was drilled to a total depth of 1,955 meters and encountered similar reservoir and pay intervals to KN-E-201. Based on wireline logs, two pay zones of 23 meters and 57 meters were penetrated below the salt across a 130 meter gross interval. In addition, 93 meters of net residual hydrocarbon pay over a 626 meter gross interval have been interpreted from wireline log analysis. Production casing will be set at 1,955 meters.

The resource potential of Kiyaktysai will continue to be assessed through additional drilling and near term production testing. The next Kiyaktysai appraisal well is expected to be drilled in the third quarter of 2013.

Tags: Condor Resources Inc