Condor Energies Shifts Focus to Production and Infrastructure in Central Asia

Condor Energies shifts to production, nearing key LNG deployment in Kazakhstan and flow testing in Uzbekistan. Shares near 52-week high ahead of 2026 catalysts.

Condor Energies is entering a new phase of operational execution across its Central Asian ventures. Having concluded successful drilling campaigns in recent months, the company is now pivoting its strategy toward production optimization and regional infrastructure development. This move aims to integrate its established natural gas operations with new initiatives supporting the broader energy transition.

Kazakhstan and Uzbekistan Projects Approach Key Milestones

The company's activities are concentrated on two primary nations. In Kazakhstan, the first modular liquefied natural gas (LNG) production unit is nearing deployment. Manufacturing is complete, and the facility is undergoing final functional testing. This modular LNG solution is designed to supply a cleaner fuel alternative for heavy transport and industrial applications. The imminent transportation of the unit to its operational site represents a critical step in Condor's regional infrastructure plan.

Concurrently in Uzbekistan, attention is on the Kumli-46 horizontal well. A testing phase is now underway to determine the reservoir's actual deliverability. A key driver for near-term revenue generation will be the pace at which the company completes the necessary pipeline connections. Only after this tie-in is finished can the produced gas enter regional networks and contribute to sales.

Upcoming Catalysts and Share Performance

Several near-term events are set to provide clarity on the scalability of these projects:

• Mid-April 2026: Flow test results are expected for the Uzbekistan project.
• April 25, 2026: Trading restrictions lift on shares issued from a recent convertible bond.
• Q2 2026: The first LNG unit is scheduled for delivery to Kazakhstan.

The stock's performance reflects growing market anticipation. Currently trading at €1.61, the share price is hovering just below its 52-week high of €1.67, following a gain of more than 37% over the past month.

The coming weeks will be telling for Condor Energies as it navigates the transition from exploration to sustained production. The conclusion of Uzbek testing in mid-April and the planned Kazakh LNG delivery in the second quarter represent two imminent operational milestones that will help define the company's future capacity.