CPI Condor Petroleum Inc

Condor Petroleum Inc. ("Condor" or the "Company") (TSX:CPI) is pleased to
announce that its wholly owned subsidiary, Condor Netherlands Petroleum B.V. has
entered into a binding sale and purchase agreement to sell its 66% participating
interest in and certain indebtedness of Marsel Petroleum LLP ("Marsel"), which
owns the hydrocarbon exploration rights for the 18,500 square km Marsel
Territory located in the Republic of Kazakhstan. The sale price is US $88.0
million.


The buyer is a non-listed international oil and gas group (the "Buyer"). The
transaction requires various waivers and consents from the Government of
Kazakhstan and is subject to the satisfaction of certain commercial conditions
and third party waivers typical for transactions of this nature. The transaction
is expected to be completed by the fourth quarter of 2013. In the interim period
prior to closing, the Buyer has agreed to provide Marsel with a US $5.0 million
loan to fund certain costs, including costs related to ongoing exploration
activities.


The Company intends to use the proceeds from the Marsel sale to concentrate its
near term focus on the exploration and development of the Company's Zharkamys
Territory, including the recently announced Kiyaktysai oil discovery and to
pursue other oil-related growth opportunities within Kazakhstan.


About Condor Petroleum Inc.

Condor is a Canadian oil and gas company with assets in Kazakhstan and Canada.
Condor holds a 100% interest in the exploration rights to the 2,610 square km
Zharkamys 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 operates certain oil and natural gas properties and holds non-operated
working interests in a number of other properties in Canada. 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 the sale of the interests in Marsel, the expected
timing for closing of the transaction and the use of the proceeds of the
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 conditions to the transaction including the consents and waivers of the
Government of Kazakhstan and certain third parties will not be satisfied,
regulatory changes, 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

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