Condor Announces Successful Appraisal Well at Kiyaktysai

Condor Petroleum Inc. ("Condor" or the "Company") (TSX:CPI) is pleased to
announce it has finished the drilling and logging program for the KN-E-202
appraisal well on the Kiyaktysai structure, which follows the recent KN-E-201
discovery well on the Zharkamys West 1 Territory in Kazakhstan.


KN-E-202 was drilled to a total depth of 1,955 meters and encountered similar
reservoir and pay intervals to KN-E-201. Based on wireline logs, two pay zones
of 23 meters and 57 meters were penetrated below the salt across a 130 meter
gross interval. In addition, 93 meters of net residual hydrocarbon pay over a
626 meter gross interval have been interpreted from wireline log analysis.
Production casing will be set at 1,955 meters.


The resource potential of Kiyaktysai will continue to be assessed through
additional drilling and near term production testing. The next Kiyaktysai
appraisal well is expected to be drilled in the third quarter of 2013.


The completion program for the KN-E-201 discovery is currently underway and
ninety day production testing will commence in June as previously announced.


About Condor Petroleum Inc.

Condor is a Canadian oil and gas company and holds a 100% interest in the
exploration rights to the 2,610 square km Zharkamys West 1 Territory, located in
Kazakhstan's Pre- Caspian basin, and a 66% interest in Marsel Petroleum LLP
which has the exploration rights to the 18,500 square km Marsel Territory,
located in Kazakhstan's Chu- Sarysu basin. The Company is listed on the TSX
under the symbol "CPI".


Forward-Looking Statements

All statements other than statements of historical fact may be forward-looking
statements. Such statements are generally identifiable by the terminology used,
such as "seek", "anticipate'', "believe'', "intend", "expect", "plan",
"estimate", "continue", "project", "predict", "budget'', "outlook'', "may",
"will", "should", "could", "would" or other similar wording. Forward-looking
statements in this press release include, but are not limited to, statements and
information with respect to estimates of reserves and/or resources, future
production levels, targets, goals, objectives and plans together with the
respective timing associated therewith. Forward-looking statements involve the
use of certain assumptions that may not materialize or that may not be accurate
and are subject to known and unknown risks and uncertainties and other factors,
which may cause actual results or events to differ materially from those
expressed or implied by such information. Such factors and assumptions include,
among other things, the timing of regulatory approvals and the ability to obtain
sufficient financing on reasonable terms. Condor's operations are also subject
to certain other risks and uncertainties including, the effects of weather and
climate conditions, fluctuation in interest rates and foreign currency exchange
rates, the availability of suppliers and their ability to meet commitments,
risks inherent with oil and gas operations, both domestic and international.
These factors are discussed in greater detail under Risk Factors - Risks
Relating to the Company in Condor's Annual Information Form for the year-ended
December 31, 2012. The Company believes that the expectations reflected in these
forward-looking statements are reasonable, but no assurance can be given that
these expectations will prove to be correct and such forward-looking statements
should not be unduly relied upon. The Company does not undertake any obligation
to update or to revise any of the forward-looking information, except as
required by applicable law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Condor Petroleum Inc.
Don Streu
President & Chief Executive Officer
(403) 201-9694


Condor Petroleum Inc.
Sandy Quilty
Vice President, Finance & Chief Financial Officer
(403) 201-9694

Condor Petroleum (TSX:CPI)
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