Condor announces drilling at Yakamoz 1

Condor Petroleum Inc. has announced commencement of drilling on the Yakamoz 1 exploration well, which is located at Poyraz Ridge gas field in Turkey. Based on existing seismic data and well results from Poyraz Ridge, the Yakamoz prospect could be more highly fractured and gas rich than the reservoirs encountered at Poyraz Ridge. The well is expected to reach its planned total depth of 2000 meters in early Q3 2017.


Poyraz Ridge development remains on track to begin gas production in Q3 2017. Construction of the Central Processing Facility is 85% complete and commissioning activities are planned to commence soon.

The Poyraz West 4 development well was drilled to 2164 meters with the horizontal leg commencing at 1714 meters and penetrating the upper Gazhanedere sandstone interval. The high wellbore placement, in conjunction with the inherently lower drawdown pressures associated with a horizontal well, is expected to mitigate any paraffin production as experienced on some of the other Poyraz Ridge wells. The Poyraz West 4 well is expected to have higher deliverability than prior vertical wells and will be completed and tied into the processing facilities once the Yakamoz 1 well has been evaluated.

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