Condor Energies Inc · TSX:CDR
Condor Energies — Investor Presentation (November 2023)
24 slides from Condor Energies's investor presentation, November 2023
Slide 1: Advancing Energy's Transition: Corporate Presentation
Advancing Energy’s Transition Corporate Presentation November 2023 TSX:CDR
Slide 2: The Condor Advantage
The Condor Advantage Advancing Energy’s Transition ◼ Canadian-based, TSX-listed, Energy and Critical Mineral Developer in Central Asia ⚫ Established in 2006 by the founders of the highly successful Osisko Group of mining companies ➢ Osisko Group market cap exceeds $4.5 Billion ➢ Osisko founders cont
Slide 3: The Central Asia Advantage
The Central Asia Advantage Advancing Energy’s Transition Condor’s Current Energy Transition Initiatives ◼ Stable and safe operating environment ⚫ Multiple super-major energy and mining companies LNG continue to expand operations and actively invest ➢ Tengizchevroil JV (Chevron, Exxon) just invested
Slide 4: Condor Snapshot
Condor Snapshot Advancing Energy’s Transition Growth Strategies ◼ Finalize Uzbekistan gas field modernization Capital Markets and enhancement contracts ⚫ Complete contract structure and terms ⚫ Introduce and establish modular LNG projects TSX Symbol CDR ◼ Advance Kazakhstan lithium development ⚫ Dri
Slide 5: Addressing Uzbekistan's Natural Gas Shortfalls
Addressing Uzbekistan’s Natural Gas Shortfalls Advancing Energy’s Transition ◼ Uzbekistan has been importing natural gas to address supply shortfalls despite having substantial remaining reserves Stage 2 ⚫ Numerous disruptions experienced due to gas shortages Stage 1 LNG Fuel Optimize ◼ Condor has p
Slide 6: Establishing Operations in Uzbekistan
Establishing Operations in Uzbekistan Advancing Energy’s Transition Uzbekistan – Gas Focus Area ◼ Condor can readily apply proven technologies Zharkamys West 1 to increase production rates, recoveries and decrease costs ⚫ Active workover program, including artificial lift, water isolation, perforati
Slide 7: Lithium Licenses in Kazakhstan
Lithium Licenses in Kazakhstan Advancing Energy’s Transition Material 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-meter column of t
Slide 8: 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 9: 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 10: Benefits of LNG Use in Central Asia
Benefits of LNG Use in Central Asia Advancing Energy’s Transition ◼ More environmentally friendly The Trans Caspian Corridor (in red) Alternative from China to Europe than diesel ⚫ 30% lower greenhouse gas emissions, 95% lower particulate emissions, and 100% lower sulphur emissions* ⚫ Reduces the ca
Slide 11: 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 identified LNG Mine-Haul Truck as priority LNG consumers ⚫ Significant volumes of fuel are used in mining operations ⚫ Fuel consumption increases over time as the mines expand ◼ Min
Slide 12: 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 13: 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 14: 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 15: 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 16: Near Term Priorities and Catalysts
Near Term Priorities and Catalysts Advancing Energy’s Transition Lithium Demand for EV batteries is Growing Exponentially ◼ Finalize Uzbekistan gas field modernization and enhancement contracts ⚫ Complete contract structure and terms ⚫ Introduce and establish modular LNG projects ◼ Advance Kazakhsta
Slide 17: Appendix – Additional Information
Appendix – Additional Information November 2010 www.condorpetroleum.com
Slide 18: 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 19: 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 20: 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 21: 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 22: 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 23: 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 24: Abbreviations
Abbreviations Advancing Energy’s Transition GHG Green House Gas 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
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