Condor Petroleum, Inc. reported consolidated earnings results for the years ended December 31, 2011. For the period, the company reported gross petroleum and natural gas sales of CAD 3,998,000 compared with CAD 3,327,000 for the same period last year. Net loss attributable to Condor Petroleum Inc. was CAD 12,439,000 or 0.04 basic and diluted per share compared with CAD 11,742,000 or 0.06 basic and diluted per share for the same period last year. Capital expenditures was CAD 48,201,000 compared with CAD 35,339,000 for the same period last year. The company plans to drill up to 14 additional wells at Zharkamys during 2012, including 10 exploration wells (5 deep and 5 shallow) and 4 Shoba appraisal wells. A drilling rig is currently mobilizing to initiate the Shoba appraisal program and then continue with the exploration program. A second drilling rig is also envisioned to commence exploration drilling in the second half of 2012.