Condor Energies Inc · TSX:CDR
Condor Energies — Investor Presentation (August 2022)
24 slides from Condor Energies's investor presentation, August 2022
Slide 1: Corporate Presentation
Corporate Presentation August 2022 Maximizing Energy’s Value www.condorenergies.ca TSX:CDR August 2022 www.condorenergies.ca 1
Slide 2: Condor Executive Summary
Condor Executive Summary Maximizing Energy’s Value TSX-listed energy developer with diverse initiatives in Central Asia and Turkey Turkey gas field operations; Kazakhstan LNG development; Uzbekistan gas field modernization and LNG development New company name is “Condor Energies Inc.” – See Co
Slide 3: Condor Snapshot
Condor Snapshot Maximizing Energy’s Value Capital Markets Near Term Focus Continue to grow Turkey production, CDR revenues and cashflow TSX Symbol (Formerly: CPI) * Execute Poyraz Ridge workover opportunities Evaluate the commerciality of the Yakamoz gas discovery Advance Kazakhstan modular
Slide 4: Northwest Turkey: Ortakoy Licenses
Northwest Turkey: Ortakoy Licenses 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 Ridge
Slide 5: Evaluating Yakamoz That Could Materially Grow Production
Evaluating Yakamoz That Could Materially Grow Production 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 encoun
Slide 6: Expanding Beyond Yakamoz
Expanding Beyond Yakamoz Maximizing Energy’s Value Yakamoz discovery further validates the Regional Geologic Model petroleum system within the Ortakoy Licenses Strong hydrocarbon shows suggest the hydrocarbon kitchen (source rocks) lie to the NW Confirmed basement thrust and detachment faults
Slide 7: LNG Overview
LNG Overview Maximizing Energy’s Value Liquefied Natural Gas (“LNG”) is a Conventional LNG Plant –15,000,000 Tonnes Per Annum cryogenic fuel derived from natural gas A liquid stored at low pressure and –162 0C 600 times less volume than natural gas* Easy and safe to transport and store LNG
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: Pursuing Producing Gas Fields in Uzbekistan
Pursuing Producing Gas Fields in Uzbekistan Maximizing Energy’s Value Uzbekistan – Gas Focus Area Zharkamys West 1 Gas production continues to decline due to insufficient investment and newer technology applications Proven technologies can be readily applied to increase production rates and reco
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: Condor’s ESG
Condor’s ESG Maximizing Energy’s Value Recognition From a Neighboring Village Environmental Stewardship Net-zero pathway defined and being executed Introducing LNG production in Central Asia to reduce diesel fuel usage “Best in Class” Canadian processes and technologies applied to all Condor
Slide 14: Near Term Focus and Catalysts
Near Term Focus and Catalysts Maximizing Energy’s Value LNG Plant Operating in USA is Condor’s Basis of Design Continue to grow Turkey production, revenues and cashflow Execute Poyraz Ridge workover opportunities Evaluate the commerciality of the Yakamoz gas discovery Advance Kazakhstan modu
Slide 15: Appendix – Additional Information
Appendix – Additional Information November 2010 www.condorpetroleum.com
Slide 16: 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 Indepen
Slide 17: 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 18: 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 19: Turkey: Yakamoz Structure Impact
Turkey: Yakamoz Structure Impact Maximizing Energy’s Value Yakamoz discovery results: Confirm petroleum system fairway within Ortakoy Yakamoz is 2 km north of Poyraz Ridge License: new sub-thrust play trend Confirm basement thrust and detachment faults can be mapped below over-thrust CMI bor
Slide 20: Forward Looking Statements (1 of 2)
Forward Looking Statements (1 of 2) 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 21: Forward Looking Statements (2 of 2)
Forward Looking Statements (2 of 2) Maximizing Energy’s Value With respect to forward looking statements and forward looking information contained in this presentation, assumptions have been made regarding, among other things: the ability to obtain qualified staff and equipment in a timely and cost
Slide 22: Reserves Advisory
Reserves Advisory Maximizing Energy’s Value This presentation includes reserves information pertaining to the internally generated estimates of Company reserves for the Poyraz Ridge and Destan Fields, Turkey, based on Forecast Prices and Costs, effective April 1, 2022, which was prepared by a qualif
Slide 23: Corporate Name Change Advisory
Corporate Name Change Advisory Maximizing Energy’s Value On June 9, 2022, the Company’s shareholders approved a resolution to change the name of the company from “Condor Petroleum Inc.” to “Condor Energies Inc.” The new “Energies” name represents the Company’s diversification from oil exploratio
Slide 24: Abbreviations
Abbreviations Maximizing Energy’s Value M meter km kilometer km2 square kilometer MM million d day MMscf/d million standard cubic feet per day % percent LNG liquified natural gas ISO International Organization for Standardization GHGs Green House Gases SOx sulphur oxides NOx nitrogen oxides NGL natu
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