Condor Energies Inc · TSX:CDR
Condor Energies — Investor Presentation (June 2024)
25 slides from Condor Energies's investor presentation, June 2024
Slide 1: Profitable Energy Transition in Central Asia
Corporate Presentation June 2024 Profitable Energy Transition in Central Asia www.condorenergies.ca
Slide 2: Energizing Condor's Future
Energizing Condor’s Future Developing high demand energy and critical minerals using proven technologies Canadian-based, TSX-listed with +18 years of operating in Central Asia Established in 2006 by the founders of the multi-billion dollar Osisko Group of mining companies • Prior discoveries wer
Slide 3: Our Energy Transition Strategy
Our Energy Transition Strategy Enhancing Central Asia’s Energy Security and Sustainable Energy Transition UZBEK GAS • +10,000 boepd of production from 77 active wells in Uzbekistan • First-mover advantage provides a strong foundation for continued growth MODULAR LIQUIFIED NATURAL GAS (“LNG”) • Under
Slide 4: Our Value Creation Strategy
Our Value Creation Strategy Build on current natural gas production to develop cleaner fuels + critical minerals that support Central Asia’s sustainable energy transition Kazakh Lithium Brine Development • Strategic supplier to EU, China Kazakh Modular LNG • Documented Li concentrations • Current ga
Slide 5: Advantages of Central Asia
Advantages of Central Asia Rapidly growing domestic energy demand with ssignificant remaining resources Condor’s Current Energy Transition Initiatives Stable and Safe Operating Environment Multiple super-major energy & mining companies LNG continue to expand operations with ongoing projects and in
Slide 6: Strong Foundation for Continued Growth
Strong Foundation for Continued Growth Near-term priorities and catalysts Advance Kazakhstan lithium from brine development • Subsurface Mapping underway • Drill and test two wells to confirm lateral extent, continuity and concentrations Lithium • Expand Li acreage position in the region Execute def
Slide 7: Uz Gas Field Production Enhancement
Uz Gas Field Production Enhancement Condor initiated operations of a Production Enhancement Services Contract in March 2024, and is the first Western strategic operating partner of the national holding company Prolific Fairway of Giant Gas Fields 8 77 39 Uchkyr – Contract 1.5 TCF covers + Gazli – 23
Slide 8: Production Growth Using Proven Technologies
Production Growth Using Proven Technologies Multiple current activities deployed to increase production rates and recovery factors Artificial lift, field water separation and reactivation ‘Plunger lifts’ remove wellbore water; of shut-in wells installation early H2 2024 Workover programs to is
Slide 9: Modular LNG Overview
Modular LNG Overview Applying proven liquefaction technologies and end-user applications Modular LNG Plant – a small environmental footprint LNG is cryogenic natural gas in a liquid state Stored at low pressure and -162° C 600x less volume than natural gas* LNG is easy and safe to transport and
Slide 10: Benefits of LNG Production for Central Asia
Benefits of LNG Production for Central Asia More environmentally friendly & cost-effective than diesel with enhanced engine performance LNG reduces the carbon footprint of the equipment supplying raw materials needed to transport minerals that are critical for energy transition and renewable energ
Slide 11: Delivering Kazakhstan's 1st LNG Production
Delivering Kazakhstan’s 1st LNG Production Kazakhstan has been experiencing diesel and natural gas shortages Receipt of feed gas allocation from the Kazakh Government 2 mLNG Plants Planned For The First Site is a significant milestone: LNG supply for: CO2 emissions impact 790,000 equivalent to rem
Slide 12: Lithium Licenses in Kazakhstan
Lithium Licenses in Kazakhstan Kazakhstan awarded Condor its first 6-year license on 37,300 hectares in July 2023 License Highlights: Material Lithium Brine Land Position is Being Established Heavily faulted in a geothermally active region, allowing migration of mineralized brines into reservoirs
Slide 13: Lithium Development Path
Lithium Development Path Condor has an extensive geologic understanding of the first license’s basin Initial development plan is to drill & test two wells • Verify deliverability rates, confirm lateral extension and lithium concentrations in the tested + untested intervals, compile data for prepar
Slide 14: Environment, Social & Governance
Environment, Social & Governance We prioritize balancing people, the planet and profitability for shareholders Drilling a Water Well Environment E Net-zero pathway defined and being executed Goal to eliminate routine gas venting in Uzbekistan DLE lithium brine extraction for EV battery manufac
Slide 15: Near Term Priorities & Catalysts
Near Term Priorities & Catalysts Increase Gas Execute Definitive Advance Kazakhstan Agreements for Modular LNG Lithium Development in Uzbekistan Production in Kazakhstan Implement field optimization and Finalize discussions with end-use Subsurface Mapping underway workover programs to increase
Slide 16: Appendix – Additional Information
Appendix – Additional Information November 2010 www.condorpetroleum.com
Slide 17: Condor's Leadership Team
Condor’s Leadership Team Our team brings decades of international experience, including 18+ years in Central Asia 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 Sa
Slide 18: Management Biographies
Management Biographies 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 100,000 bopd operation that went fr
Slide 19: Management Biographies
Management Biographies 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 Switzerland. He has extensive exp
Slide 20: Management Biographies
Management Biographies 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 international transportation services,
Slide 21: Barrels of Oil Equivalent Advisory
Barrels of Oil Equivalent Advisory 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 at the burner tip and does not
Slide 22: Forward Looking Statements (1 of 3)
Forward Looking Statements (1 of 3) 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 looking statements. The use of
Slide 23: Forward Looking Statements (2 of 3)
Forward Looking Statements (2 of 3) 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 sufficient work to classify the histor
Slide 24: Forward Looking Statements (3 of 3)
Forward Looking Statements (3 of 3) 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 Discussion and Analysis for th
Slide 25: Abbreviations
Abbreviations GHG Green House Gas mg/L milligram per litre MM Million B Billion TCF trillion cubic feet bbls barrels bopd barrels of oil per day boepd barrels of oil equivalent per day NI National Instrument Li Lithium ISO International Organization for Standardization Q quarter H half °C degrees Ce