Condor Energies Inc · TSX:CDR
Condor Energies — Investor Presentation (March 2024)
23 slides from Condor Energies's investor presentation, March 2024
Slide 1: Corporate Presentation March 2024
Advancing Energies’ Transition Corporate Presentation Corporate Presentation January March 2024 2024 www.condorenergies.ca www.condorenergies.ca TSX:CDR TSX:CDR
Slide 2: The Condor Advantage
The Condor Advantage Advancing Energies’ Transition Canadian-based, TSX-listed, Energy and Critical Mineral Developer in Central Asia Established in 2006 by the founders of the multi- billion dollar Osisko Group of mining companies Diverse portfolio of profitable energy transition initiatives
Slide 3: The Central Asia Advantage
The Central Asia Advantage Advancing Energies’ Transition Condor’s Current Energy Transition Initiatives Stable and safe operating environment Multiple super-major energy and mining companies continue to actively invest and expand operations US$430B of foreign direct investment in Kazakhstan
Slide 4: Strong Foundation Built for Continued Growth
Strong Foundation Built for Continued Growth Advancing Energies’ Transition Capital Markets Recent Milestones Achieved Mar ’24: Initiated gas field production TSX Symbol CDR enhancement operations in Uzbekistan Operating 8 producing gas fields and implementing 56.6 million modern technologies to
Slide 5: Uzbekistan Gas Field Production Enhancement
Uzbekistan Gas Field Production Enhancement Advancing Energies’ Transition Uzbekistan – Gas Focus Area Condor initiated Production Enhancement Zharkamys West 1 Contract (“PEC”) operations in March 2024 Integrated cluster of 8 producing gas-condensate fields First Western strategic operating pa
Slide 6: 'First Mover' Advantage in Uzbekistan
‘First Mover’ Advantage in Uzbekistan Advancing Energies’ Transition Stacked Carbonate and Clastic Reservoirs Similar to WCSB Initiated field operations on March 1, 2024 Environmental and technical baseline studies completed Equipment continues to be mobilized Established presence provides a
Slide 7: Modular LNG Overview
Modular LNG Overview Advancing Energies’ 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 transport an
Slide 8: Benefits of LNG Production For Central Asia
Benefits of LNG Production For Central Asia Advancing Energies’ Transition Trans-Caspian International Transportation Route ( “TITR” in red) from China to Europe LNG is more environmentally friendly than diesel TITR: ~7000 km 10 – 15 days ~ 10,000 km 15 - 20 days 30% lower greenhouse gas emissio
Slide 9: Delivering Kazakhstan's 1st LNG Production
Delivering Kazakhstan’s 1st LNG Production Advancing Energies’ Transition 2 mLNG Plants Planned For The First Site Received feed gas allocation from the Kazakh Government Allocation will generate up to 350 Tonnes/day of LNG production LNG for ~125 rail locomotives or 215 large mine haul trucks
Slide 10: Lithium Licenses in Kazakhstan
Lithium Licenses in Kazakhstan Advancing Energies’ Transition Material Lithium Brine Land Position is Being Established First license awarded in July 2023 (6 years) 37,300-hectares Heavily faulted in a geothermally active region Allows migration of mineralized brines into reservoirs 670-me
Slide 11: Preliminary Li Development Plan
Preliminary Li Development Plan Advancing Energies’ 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 process
Slide 12: Turkey: Growing Revenues and Cash Flow
Turkey: Growing Revenues and Cash Flow Advancing Energies’ 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 13: Yakamoz: Organic Growth Opportunity
Yakamoz: Organic Growth Opportunity Advancing Energies’ 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 Confirme
Slide 14: Condor's ESG
Condor’s ESG Advancing Energies’ Transition Recognition From a Neighboring Village Environmental Stewardship Net-zero pathway defined and being executed Eliminate gas venting in Uzbekistan Maturing lithium brine development for EV battery manufacturing Introducing LNG production in Central
Slide 15: Near Term Priorities and Catalysts
Near Term Priorities and Catalysts Advancing Energies’ Transition Increase gas production in Uzbekistan Lithium Demand for EV batteries has been Growing Exponentially Operating 8 producing gas fields and implementing modern technologies to increase production Use ‘first mover’ advantage to pur
Slide 16: Appendix – Additional Information
Appendix – Additional Information November 2010 www.condorpetroleum.com
Slide 17: Condor's Leadership Team
Condor’s Leadership Team Advancing Energies’ 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 Fo
Slide 18: Management Biographies
Management Biographies Advancing Energies’ 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,
Slide 19: Management Biographies
Management Biographies Advancing Energies’ 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 internat
Slide 20: Forward Looking Statements (1 of 3)
Forward Looking Statements (1 of 3) Advancing Energies’ 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 Energies’ 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 suffici
Slide 22: Forward Looking Statements (3 of 3)
Forward Looking Statements (3 of 3) Advancing Energies’ 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 Energies’ Transition GHG Green House Gas m meter km kilometer km2 square kilometer mg/L milligram per litre MM million Mcf thousand cubic feet TCF trillion cubic feet bopd barrels of oil per day NI National Instrument ISO International Organization for Standardization Q quart