11:53 AM EST - Condor Petroleum Inc. : provided an update on the testing operations on the KN-E-201 Primary Basin discovery well. The production test has commenced on KN-E-201 with the well averaging production of 84 barrels of oil per day based on 11 production days. Production to date has been on a four-millimetre choke and flow rates have been hampered by salt plugs forming in the tubing string. The salt plugs dissolve when exposed to fresh water and steps are being taken to mitigate this issue. The oil gravity is 40 degree API and water cuts have averaged 33%. The water cuts are believed to relate to the returns of the injected fresh water and a deeper water zone that has not been totally isolated to date. The 90-day production test is expected to continue until November 2013. Condor Petroleum Inc.
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