Condor Energies Inc · TSX:CDR
Condor Energies — Investor Presentation (November 2022)
24 slides from Condor Energies's investor presentation, November 2022
Slide 1: Corporate Presentation
Corporate Presentation November 2022 www.condorenergies.ca TSX:CDR
Slide 2: Executive Summary
Executive Summary Maximizing Energy’s Value TSX-listed energy transition developer with diverse initiatives in Central Asia and Turkey Kazakhstan: Lithium brine and LNG development Binding SPA executed for a 6800-hectare lithium (“Li”) license with tested Li concentrations up to 130 mg/L* ~1
Slide 3: Condor Snapshot
Condor Snapshot Maximizing Energy’s Value Capital Markets Near Term Focus Advance Kazakhstan lithium development TSX Symbol CDR Drill and test two wells in 2023 Prepare a NI 43-101 resource report Execute definitive agreements for Kazakhstan modular LNG Common Shares 45.2 million Feed gas
Slide 4: Kazakhstan: Lithium Overview
Kazakhstan: Lithium Overview Maximizing Energy’s Value Lithium Supply and Demand (‘000 tonnes)* Lithium (“Li”) is one of the key components for energy storage, including Electric Vehicles (“EVs”) 6 to 8 kg of Li used for each EV thousand tonnes Rising demand for EVs is straining global Li supp
Slide 5: Condor's Li License in Kazakhstan
Condor’s Li License in Kazakhstan Maximizing Energy’s Value Devonian Structure on Condor’s Li License Two wells previously drilled in license area One well tested Li concentrations in Devonian (130 mg/L) and in Lower Carboniferous (60 mg/L) formations*, the other well was not tested Numerous o
Slide 6: Phased Preliminary Development Plan
Phased Preliminary Development Plan Maximizing Energy’s Value Direct Lithium Extraction (“DLE”) Phase 1 plans up to 16 new 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 processed in a c
Slide 7: Central Asia: LNG Overview
Central Asia: LNG Overview Maximizing Energy’s Value 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 a
Slide 8: Benefits of LNG Use in Central Asia
Benefits of LNG Use in Central Asia Maximizing Energy’s Value 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 supplying ra
Slide 9: LNG is ideal for Transport and Rail Sectors
LNG is ideal for Transport and Rail Sectors Maximizing Energy’s Value 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 Mine ha
Slide 10: Multiple Initiatives to Progress LNG
Multiple Initiatives to Progress LNG Maximizing Energy’s Value 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 MoUs co
Slide 11: Uzbekistan: Pursuing Producing Gas Fields
Uzbekistan: Pursuing Producing Gas Fields Maximizing Energy’s Value 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 rat
Slide 12: Uzbekistan Next Steps
Uzbekistan Next Steps Maximizing Energy’s Value Existing Satellite 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 applica
Slide 13: Turkey: Growing Revenues and Cash Flow
Turkey: Growing Revenues and Cash Flow Maximizing Energy’s Value 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 Ridg
Slide 14: Yakamoz: Organic Growth Opportunity
Yakamoz: Organic Growth Opportunity Maximizing Energy’s Value 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 the
Slide 15: Condor's ESG
Condor’s ESG Maximizing Energy’s Value 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 “Best i
Slide 16: Near Term Focus and Catalysts
Near Term Focus and Catalysts Maximizing Energy’s Value Lithium Demand for EV batteries is Growing Exponentially Advance Kazakhstan lithium development Drill and test two wells in 2023 to confirm the lateral extension and concentrations of the brine deposits Prepare a NI 43-101 resource report
Slide 17: Appendix – Additional Information
Appendix – Additional Information November 2010 www.condorpetroleum.com
Slide 18: Condor's Leadership Team
Condor’s Leadership Team Maximizing Energy’s Value 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 Former
Slide 19: Management Biographies
Management Biographies Maximizing Energy’s Value Mr. Streu has over 35 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 100,000 b
Slide 20: Management Biographies
Management Biographies Maximizing Energy’s Value Mr. Storm has worked in Kazakhstan for over 27 years and has been involved in a wide array of business activities, including oil and gas exploration and production, oil field services, domestic and international transportation services, and manufactur
Slide 21: Forward Looking Statements (1 of 3)
Forward Looking Statements (1 of 3) Maximizing Energy’s Value 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 look
Slide 22: Forward Looking Statements (2 of 3)
Forward Looking Statements (2 of 3) Maximizing Energy’s Value production rates, revenues and cashflows; the timing and ability to drill and complete new wells and the ability of the new wells to become producing wells; the timing and ability to drill additional infill wells and perform workovers; th
Slide 23: Forward Looking Statements (3 of 3)
Forward Looking Statements (3 of 3) Maximizing Energy’s Value By its very nature, such forward-looking information requires Condor to make assumptions that may not materialize or that may not be accurate. Forward-looking information is subject to known and unknown risks and uncertainties and other f
Slide 24: Abbreviations
Abbreviations Maximizing Energy’s Value km kilometer km2 square kilometer kg kilogram mg/L milligram per litre MM million mcf thousand cubic feet boe barrels of oil equivalent * bopd barrels of oil per day NI National Instrument Li lithium Li2C03 lithium carbonate LiOH lithium hydroxide DLE Direct L
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