CPI Condor Petroleum Inc

Condor Petroleum Inc. ("Condor" or the "Company") (TSX:CPI) is pleased to
announce that the Ministry of Oil and Gas of the Republic of Kazakhstan ("MOG")
has waived their pre-emptive right and approved the transaction previously
announced for Condor to sell it's 66% interest in the Marsel Territory for
US$88.0 million ("Marsel Transaction"). The MOG waiver and consent was the final
condition to be fulfilled by Condor. The final condition for the Marsel
Transaction to be completed is the buyer's obligation to obtain Kazakhstan
Antimonopoly approval, which is expected in January, 2014.


About Condor Petroleum Inc.

Condor is a Canadian oil and gas company with assets in Kazakhstan. Condor holds
a 100% interest in the exploration rights to the 3,777 km2 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 km2 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 the anticipated
completion of and the expected timing for closing of the Marsel Transaction.
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, risks that the
Antimonopoly approval will not be satisfied in a timely fashion, regulatory
changes, the timing of regulatory approvals. 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

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