Condor Energies Inc · TSX:CDR

Condor Energies — Investor Presentation (March 2024)

23 slides from Condor Energies's investor presentation, March 2024

  1. 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

  2. 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

  3. 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 

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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

  12. 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

  13. 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

  14. 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

  15. 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

  16. Slide 16: Appendix – Additional Information

    Appendix – Additional Information November 2010 www.condorpetroleum.com

  17. 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

  18. 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,

  19. 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

  20. 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

  21. 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

  22. 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

  23. 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

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