Condor Energies Inc · TSX:CDR
Condor Energies — Investor Presentation (February 2024)
23 slides from Condor Energies's investor presentation, February 2024
Slide 1: Corporate Presentation
Advancing Energy’s Transition Corporate Presentation Corporate Presentation January 2024 February 2024 www.condorenergies.ca www.condorenergies.ca TSX:CDR 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 Diverse portfolio of profitable energy transition initiatives Nea
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 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 Energy’s Transition Capital Markets Recent Milestones Achieved Jan ’24: Production enhancement TSX Symbol CDR contract signed in Uzbekistan Operate 8 producing gas fields and implement 56.5 million technologies to increase production Common
Slide 5: Condor's Production Contract in Uzbekistan
Condor’s Production Contract in Uzbekistan Advancing Energy’s Transition Uzbekistan – Gas Focus Area Condor signed a production enhancement Zharkamys West 1 contract (“PEC”) in January 2024 Integrated cluster of 8 producing gas-condensate fields First Western strategic operating partner of Uzb
Slide 6: 'First Mover' Advantage in Uzbekistan
‘First Mover’ Advantage in Uzbekistan Advancing Energy’s Transition Stacked Carbonate and Clastic Reservoirs Similar to WCSB Targeting March 2024 to assume operations Environmental and technical baseline studies underway Equipment is being mobilized Established presence provides a strong fou
Slide 7: Modular LNG Overview
Modular 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 transport and
Slide 8: Benefits of LNG Production For Central Asia
Benefits of LNG Production For Central Asia Advancing Energy’s 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 emission
Slide 9: Delivering Kazakhstan's 1st LNG Production
Delivering Kazakhstan’s 1st LNG Production Advancing Energy’s 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 Energy’s 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-met
Slide 11: 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 12: 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 13: 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 14: Condor's ESG
Condor’s ESG Advancing Energy’s 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 Energy’s Transition Begin operation of Uzbekistan gas fields in Lithium Demand for EV batteries has been Growing Exponentially March 2024 Complete environmental and technical baseline studies Use ‘first mover’ advantage to pursue additional gas revi
Slide 16: Appendix – Additional Information
Appendix – Additional Information November 2010 www.condorpetroleum.com
Slide 17: 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 18: 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 19: 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 20: 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 21: 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 22: 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 23: 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 TCF trillion cubic feet bopd barrels of oil per day NI National Instrument ISO International Organization for Standardization Q quarte
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