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Last C$0.14 CAD
Change Today +0.005 / 3.57%
Volume 38.7K
As of 3:11 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

condor petroleum inc (CPI) Snapshot

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52 Week High
09/2/14 - C$0.34
52 Week Low
08/24/15 - C$0.13
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condor petroleum inc (CPI) Details

Condor Petroleum Inc. engages in the acquisition, exploration, development, and production of oil and natural gas in Kazakhstan. The company owns a 100% interest in the Zharkamys West 1 territory that covers an area of approximately 3,777 square kilometers located in Pre-Caspian basin in western Kazakhstan. It also holds interests in various oil and gas properties in Alberta, Canada. The company was incorporated in 2006 and is based in Calgary, Canada.

102 Employees
Last Reported Date: 03/18/15
Founded in 2006

condor petroleum inc (CPI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$375.0K
Chief Financial Officer, Vice-President of Fi...
Total Annual Compensation: C$325.0K
Chief Operating Officer
Total Annual Compensation: C$358.3K
Vice President of Exploration & New Ventures ...
Total Annual Compensation: C$275.0K
Compensation as of Fiscal Year 2014.

condor petroleum inc (CPI) Key Developments

Condor Petroleum, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Condor Petroleum, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the three months ended June 30, 2015, the company realized a net loss of CAD 2.48 million against CAD 6.2 million a year ago. For the six months ended June 30, 2015 a net loss of CAD 2.52 million against net income of CAD 24.2 million as a result of the CAD 34.5 million gain recognized on the completion of Marsel sale.

Condor Petroleum Inc. Commences Drilling of KN-501 Primary Basin Well

Condor Petroleum Inc. announced that drilling operations have commenced on the KN-501 Primary Basin well on the company's 100% owned Zharkamys West 1 Territory in Kazakhstan. The KN-501 Primary Basin well is targeting 67 mm boe un-risked mean prospective resources and is planned to reach a depth of 4,250 meters. The well has a conventional 4-way closure across a 30 s.q km area and an extensive salt top seal which ensures robust trap integrity. The estimated remaining cost to drill KN-501 is CAD 8 million. KN-501 offsets the company's play opening KN-E Primary Basin discovery by 8 kilometers and is located under the same salt dome. The KN-E discovery validated the primary basin play in Kazakhstan, demonstrating that oil source, migration, reservoir, trap and top seal can be successfully imaged with the company's high quality 3D seismic which utilizes the latest industry acquisition and processing techniques. Condor's current Primary Basin prospect inventory, including KN-501, contains 391 mm boe of un-risked mean prospective resources.

Condor Petroleum, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2015

Condor Petroleum, Inc. reported earnings results for the first quarter ended March 31, 2015. For the period, the company’s net loss was CAD 40,000, or CAD 0 per share, compared to a net income of CAD 30.39 million, or CAD 0.09 per share, for the same quarter ended March 31, 2014. Total revenue for the first quarter ended March 31, 2015 was CAD 103,000, compared to CAD 1.43 million for the same quarter ended March 31, 2014. Net loss from continuing operations for the first quarter ended March 31, 2015 was CAD 40,000, compared to a net loss from continuing operations of CAD 3.97 million for the same quarter ended March 31, 2014.


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