• Following the closing of the C$13.65 mm convertible financing, Condor plans to accelerate its Uzbekistan drilling programme by deploying a second rig, enabling the drilling of 12 new wells in 2026. This programme has the potential to lift gross production to 18–20 mboe/d by year‑end 2026 and materially increase reserves. • The C$13.65 mm convertible debentures carry a 12.0% annual coupon and a conversion price of C$2.00 per share, with maturity in December 2028. • We expect imminent flow‑test ....