Condor Energies Inc · TSX:CDR
Condor Energies — Investor Presentation (May 2024)
24 slides from Condor Energies's investor presentation, May 2024
Slide 1: Advancing Energies' Transition: Corporate Presentation
Advancing Energies’ Transition Corporate Presentation Corporate Presentation January May 20242024 TSX:CDR www.condorenergies.ca www.condorenergies.ca TSX:CDR
Slide 2: The Condor Advantage
The Condor Advantage Advancing Energies’ Transition Three Distinct Profitable Energy Transition Initiatives 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 Three
Slide 3: Condor's Phased Strategic Growth Plan
Condor’s Phased Strategic Growth Plan Advancing Energies’ Transition • Strong Foundation with March 2024 production = 11,167 boepd • Apply Western technologies to increase production • March 2024 sales = $7.2 million • Platform for expansion • Current gas allocation = 790,000 liters/day LNG • Off-ta
Slide 4: 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 5: Strong Foundation Built for Continued Growth
Strong Foundation Built for Continued Growth Advancing Energies’ Transition Capital Markets Near Term Priorities and Catalysts TSX Symbol CDR Increase gas production in Uzbekistan 56.6 million Implement optimization and workover programs Common Shares Only 1 equity raise since Use ‘first mover
Slide 6: Uz Gas Field Production Enhancement
Uz Gas Field Production Enhancement Advancing Energies’ Transition Prolific Fairway of Giant Gas Fields Condor initiated operations of a Production Uchkyr –1.5 TCF Enhancement Services Contract March 1, 2024 Gazli – 23 TCF Integrated cluster of 8 producing gas-condensate fields PEC 8 Gas 77 ac
Slide 7: Production Growth using Proven Technologies
Production Growth using Proven Technologies Advancing Energies’ Transition Current activities to increase production rates and recovery factors include Artificial lift, field water separation, reactivation of shut-in wells Workover programs to isolate water, recomplete and enhance productivity
Slide 8: Modular LNG Overview
Modular LNG Overview Advancing Energies’ Transition Modular LNG Plant –75,000 Tonnes Per Annum LNG is a 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 and store LNG is non-explosive, non
Slide 9: 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 10: 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 A significant project milestone achieved as Kazakhstan has been experiencing diesel and natural gas shortages Allocation wi
Slide 11: 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 12: Li Development Path
Li Development Path Advancing Energies’ Transition Regional Li Samples from prospective formations Condor has an extensive geologic understanding of the first license’s basin Initial development plan is to drill and test two wells Verify deliverability rates, confirm the lateral extension and
Slide 13: Condor's ESG
Condor’s ESG Advancing Energies’ Transition Recognition From a Neighboring Village Environmental Stewardship Net-zero pathway defined and being executed Goal to eliminate routine gas venting in Uzbekistan DLE lithium brine extraction for EV battery manufacturing Introducing LNG production
Slide 14: Near Term Priorities and Catalysts
Near Term Priorities and Catalysts Advancing Energies’ Transition Condor’s Phased Strategic Growth Plan Increase gas production in Uzbekistan Implement field optimization and workover programs to increase production and stabilize declines Execute capital efficient investments in wells and faci
Slide 15: Appendix – Additional Information
Appendix – Additional Information November 2010 www.condorpetroleum.com
Slide 16: Condor's Leadership Team
Condor’s Leadership Team Advancing Energies’ Transition Management Board of Directors Don Streu – President, CEO & Director Dennis Balderston Former Chevron Chairman Honorary Consul: Republic of Kazakhstan for Alberta Former Partner at E&Y Sandy Quilty – VP Finance & CFO Andrew Judson Former Arawak,
Slide 17: 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 18: Management Biographies
Management Biographies Advancing Energies’ Transition Mr. Baillie has over 40 years of experience in the international upstream energy industry, 25 years in John Baillie various Chevron companies in North America and Africa, and as an Executive with Sinopec-Addax Sr. VP Asset Develop Petroleum in Sw
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: Barrels of Oil Equivalent Advisory
Barrels of Oil Equivalent Advisory Advancing Energies’ Transition References herein to barrels of oil equivalent (“boe”) are derived by converting gas to oil in the ratio of six thousand standard cubic feet (“Mcf”) of gas to one barrel of oil based on an energy conversion method primarily applicable
Slide 21: 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 22: 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 23: 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 24: Abbreviations
Abbreviations Advancing Energies’ Transition GHG Green House Gas m meter km kilometer km2 square kilometer mg/L milligram per litre Mcf thousand cubic feet TCF trillion cubic feet bopd barrels of oil per day boepd barrels of oil equivalent per day NI National Instrument Li Lithium ISO International