Condor Energies Inc · TSX:CDR
Condor Energies — Investor Presentation (May 2023)
23 slides from Condor Energies's investor presentation, May 2023
Slide 1: Corporate Presentation
Corporate Presentation May 2023 www.condorenergies.ca TSX:CDR
Slide 2: Executive Summary
Executive Summary Advancing Energy’s Transition TSX-listed energy transition developer with diverse initiatives in Central Asia and Turkey Kazakhstan: Lithium brine and LNG development Binding agreement executed for a 6800-hectare lithium (“Li”) license with tested Li concentrations up to 130
Slide 3: Condor Snapshot
Condor Snapshot Advancing Energy’s Transition Growth Strategies Capital Markets Advance Kazakhstan lithium development TSX Symbol CDR Drill and test up to two wells in 2023 Prepare a NI 43-101 resource report Execute definitive agreements for modular LNG Common Shares 56.2 million Feed gas
Slide 4: Lithium License in Kazakhstan
Lithium License in Kazakhstan Advancing Energy’s Transition Devonian Structure on Li License Lithium is one of the key components for energy storage, including Electric Vehicles (“EVs”) Rising demand for EVs is straining global Li supplies Acquiring a 95% WI in a Li brine mining license Two
Slide 5: Preliminary Li Development Plan
Preliminary Li Development Plan Advancing Energy’s Transition Direct Lithium Extraction (“DLE”) Initial stage includes drilling 16 development wells and 8 water injection wells Li brine will be processed using proven DLE technologies Li brine is produced from the development wells and processe
Slide 6: Uzbekistan: Pursuing Producing Gas Fields
Uzbekistan: Pursuing Producing Gas Fields Advancing Energy’s Transition Uzbekistan – Gas Focus Area Zharkamys West 1 Gas production decline continues due to insufficient investment and limited use of new technologies and processes Proven technologies can be readily applied to increase production
Slide 7: Uzbekistan Next Steps
Uzbekistan Next Steps Advancing Energy’s Transition Existing Satellite Gas Facility Negotiate contract structure and terms Gas sales pricing protocol Basket ratios for different gas streams Cost recovery mechanism Applicable tax benefits Complete negotiations of non fiscal terms Mature
Slide 8: Turkey: Growing Revenues and Cash Flow
Turkey: Growing Revenues and Cash Flow Advancing Energy’s Transition Condor’s Production Licenses in Western Turkey 100% WI in two production licenses covering 110 km2 Includes Poyraz Ridge, Destan & Yakamoz gas fields Extensive seismic coverage 472 km of regional 2D and Full 3D over Poyraz
Slide 9: Yakamoz: Organic Growth Opportunity
Yakamoz: Organic Growth Opportunity Advancing Energy’s Transition Yak-1 s/t Well PW-1 s/t Well Gas Gamma Gas Gamma Yak-1ST gas discovery drilled in 2021 Preliminary results are encouraging with 3 of 4 targets gas bearing Strong gas shows and reservoir-quality formations encountered Confirmed
Slide 10: Central Asia: LNG Overview
Central Asia: LNG Overview Advancing Energy’s Transition Liquefied Natural Gas (“LNG”) is a Conventional LNG Plant –15,000,000 Tonnes Per Annum cryogenic natural gas in a liquid state A liquid stored at low pressure and –162 0C 600 times less volume than natural gas* Easy and safe to transpo
Slide 11: Benefits of LNG Use in Central Asia
Benefits of LNG Use in Central Asia Advancing Energy’s Transition More environmentally friendly than diesel Refueling an LNG powered Mine Haul Truck 30% lower greenhouse gas emissions, 95% lower particulate emissions, 100% lower sulphur emissions* Reduces the carbon footprint of mines supplyin
Slide 12: LNG is ideal for Transport and Rail Sectors
LNG is ideal for Transport and Rail Sectors Advancing Energy’s Transition Large open-pit mining operations have been LNG Mine-Haul Truck identified as priority LNG consumers Significant volumes of fuel are used in mining operations Fuel consumption increases over time as the mines expand Min
Slide 13: Multiple Initiatives to Progress LNG
Multiple Initiatives to Progress LNG Advancing Energy’s Transition Condor has signed MoUs with multiple Utilizing a Patented LNG Liquefaction Process Government agencies to construct and operate Kazakhstan’s first modular LNG facilities Project has been designated ‘strategic’ by Government MoU
Slide 14: Condor’s ESG
Condor’s ESG Advancing Energy’s Transition Recognition From a Neighboring Village Environmental Stewardship Net-zero pathway defined and being executed Maturing lithium brine development for EV battery manufacturing Introducing LNG production in Central Asia to reduce diesel fuel usage “Be
Slide 15: Near Term Priorities and Catalysts
Near Term Priorities and Catalysts Advancing Energy’s Transition Lithium Demand for EV batteries is Growing Exponentially Advance Kazakhstan lithium development Drill and test up to two wells in 2023 to confirm the lateral extension and concentrations of the brine deposits Prepare a NI 43-101
Slide 16: Appendix – Additional Information
Appendix – Additional Information November 2010 www.condorpetroleum.com
Slide 17: Condor’s Leadership Team
Condor’s Leadership Team Advancing Energy’s Transition Successful track record of capturing opportunities and executing developments Management Board of Directors Don Streu – President, CEO & Director Dennis Balderston Former Chevron Chairman Current Honorary Consul of the Republic of Kazakhstan For
Slide 18: Management Biographies
Management Biographies Advancing Energy’s Transition Mr. Streu has over 37 years experience in the oil and gas industry including 22 years with Chevron working in Angola, Indonesia, Nigeria, Canada and the United States. Mr. Streu was the asset manager of Angola’s first deepwater production: a 100,0
Slide 19: Management Biographies
Management Biographies Advancing Energy’s Transition Mr. Storm has conducted business in Kazakhstan for over 28 years and during this period has been involved in a wide array of business activities, including: oil and gas exploration and production, mining, oil field services, domestic and internati
Slide 20: Forward Looking Statements (1 of 3)
Forward Looking Statements (1 of 3) Advancing Energy’s Transition Certain statements contained in this presentation constitute forward looking statements. These statements may relate to future events or Condor’s future performance. All statements other than statements of historical fact are forward
Slide 21: Forward Looking Statements (2 of 3)
Forward Looking Statements (2 of 3) Advancing Energy’s Transition Regarding lithium historical estimates, the Company is not treating the historical estimate as current mineral resources or mineral reserves as additional drilling and testing is necessary, and a qualified person has not done sufficie
Slide 22: Forward Looking Statements (3 of 3)
Forward Looking Statements (3 of 3) Advancing Energy’s Transition These risk factors are discussed in greater detail in filings made by Condor with Canadian securities regulatory authorities including the Company’s: Annual Information Form; Consolidated Financial Statements and related Management’s
Slide 23: Abbreviations
Abbreviations Advancing Energy’s Transition m meter km kilometer km2 square kilometer mg/L milligram per litre MM million Mcf thousand cubic feet bopd barrels of oil per day NI National Instrument ISO International Organization for Standardization Q quarter 2D two dimensional 3D three dimensional 0C