Condor Energy Limited · ASX:CND
Condor Energy — Investor Presentation (March 2026)
21 slides from Condor Energy's investor presentation, Mar 11, 2026
Slide 1: Condor Energy Investor Presentation
11 March 2026 ASX ANNOUNCEMENT Condor Energy Investor Presentation Dear Investors Following recent meetings in Peru with Perupetro (Oil & Gas Regulator), and engagement with multiple parties regarding potential gas offtake arrangements and strategic partnership opportunities, Condor Energy is please
Slide 2: A Unique Combination
A unique combination : Multi-billion barrel oil exploration, underpinned by a 1 Tcf discovered gas field in a proven basin.
Slide 3: Disclaimers & Disclosures
IMPORTANT INFORMATION Disclaimers & Disclosures This presentation has been prepared by Condor Energy Limited, formerly known as Global Oil & Gas Limited COMPETENT PERSON’S STATEMENT (Condor or the Company). This presentation has been prepared as at 10 April 2025 and statements are current only as at
Slide 4: A Unique Combination: Two Distinct Value Drivers
A Unique Combination: Two Distinct Value Drivers The Giant: The Engine: High-Impact Exploration Foundational Gas Asset 3.0 Billion 1.0 Tcf Barrels Gross Best Estimate, Discovered Contingent Gross Best Estimate, Prospective Oil Gas Resource (2C), independently assessed Resource (2U), independently by
Slide 5: The Giant: A World Class Oil Exploration Portfolio
The Giant: A World Class Oil Exploration Portfolio 3.0 Billion Raya mmbo Unrisked Prospective Resources Bonito Barrels 575 mmbo mmbo Unrisked Prospective Resources Gross Best Estimate (2U), Prospective Oil Resources. 1,007 mmbo Raya West Covers just 6 of 20+ Identified Leads and Prospects Caballa mm
Slide 6: Raya & Raya West Prospect Area
Raya West Raya & Raya West Prospect Area Unrisked Prospective Resources mmbo 341 Mmbo* Raya Unrisked Prospective Resources mmbo 575 mmbo • Material scale: oil play with Raya independently assessed at Zorritos 575 MMbbl (2U) and significant upside emerging at Raya West. Unconformit y • Raya West iden
Slide 7: What Our AVO Analysis Means for Investors
What Our AVO Analysis Means for Investors Stacked Pay Direct Hydrocarbon High-Confidence Potential Indicators Drill Target Robust AVO responses are The observed Class II & Class III The combination of AVO identified across multiple AVO anomalies are consistent conformance to structure, discrete inte
Slide 8: The Engine: Piedra Redonda, a Strategic, Discovered Gas Resource
The Engine: Piedra Redonda, a Strategic, Discovered Gas Resource 1Tcf Best Estimate (2C) Gross Contingent Gas Resource. High Estimate (3C) of 2.65 Tcf highlights significant upside potential. Independently Assessed by RISC Advisory, January 2025. Key Attributes: Clear Route to Monetisation: A low-ca
Slide 9: Value Progression: A Clear Path from Resource to Revenue
Value Progression: A Clear Path from Resource to Revenue “ Long-term offtake agreements convert discovered gas resources into predictable cash flow and major uplift in Strategic Location valuation” Shallow water, close to shore and ideally positioned to supply underserved market License Conversion P
Slide 10: Path to Production: Low Capex Development Concept
Path to Production: Low Capex Onshore: Offtaker’s Role Development Concept Reservoir to Shore: Condor’s Role Conceptual Gas to Power, Compressed Natural Gas, Mini LNG etc. Gas to Power leverages existing power transmission lines along the coast. Reservoir to Shore; Condor’s Onshore; Role Offtaker’s
Slide 11: A Dual-track Roadmap of Value-Driving Catalysts
A Dual-track Roadmap of Value-Driving Catalysts The Giant: Transformational Exploration Portfolio Building Foundation: Achievements Secure Partnerships Select Drilling Target(s) Exploration Drilling Finalise alliances and secure JV Finalise resource estimates for high Execute High-Impact drilling fu
Slide 12: Condor Energy Investment Thesis
Condor Energy Investment Thesis Dual Pillar Value: Unique exposure to both near term, cash flow from discovered gas and transformational, world class oil exploration. Independently Validated Scale: A 1 Tcf contingent discovered gas resource (Best estimate) and a 3+ billion barrel prospective oil por
Slide 13: Condor Energy Limited
ASX: CND Condor Energy Limited L1, 10 Outram street, West Perth, WA 6005 P: (08) 6243 0429 E: info@condor-energy.com.au W: www.condor-energy.com.au This presentation was approved for release by the Condor Energy Board
Slide 14: Strong Position and Experienced Team to Deliver Value
Experienced Leadership Strong Position and Experienced Team to Deliver Value Corporate Snapshot (as of March 2026) CONDOR OIL & GAS LIMITED ( ASX: CND) Serge Hayon Scott Macmillan Matt Ireland SHARE PRICE PERFORMANCE Managing Director Non-Executive Director Non-Executive Chairman 4 40 Mr Hayon is an
Slide 15: Oil Exploration Remains Essential to Meet Future Demand
Oil Exploration Remains Essential to Meet Future Demand Supply Gap 2024 Condor’s Exploration Portfolio Provides Scale and Near-term Exposure to High Impact Deepwater Exploration
Slide 16: Our World Class Portfolio Resource Summary
Our World Class Portfolio Resource Summary: Multi-Billion Barrel Exploration Undeveloped Gas Resource • Multiple leads and Prospects being matured: • Ranks as one of the largest undeveloped offshore gas Prospective Resources (Recoverable), OIL (MMBO)1 discoveries on the west coast of South America.
Slide 17: Tumbes Basin – Petroleum System Overview
Tumbes Basin – Petroleum System Overview • The Tumbes Basin is a forearc basin west of the Andes, above the subducting Pacific oceanic plate. • 10 km of sedimentary fill with multiple source, seal and reservoir sequences ranging in age from Eocene to Recent. • Primary play interval focused on Zorrit
Slide 18: Bonito: A Billion Barrel Prospect in the Heart of the Basin
Bonito: A Billion Barrel Prospect in the Heart of the Basin Bonito Unrisked Prospective Resources mmbo • Giant Scale: Best Estimate (2U) potential of 1,007 MMBO. 1,007 mmbo • Stacked Targets: Potential pay across several high-quality Lower Miocene Zorritos reservoir packages. • Ideal Location: A pro
Slide 19: Caballa Prospect
Caballa Prospect A A’ BSR • Robust, fault-related trapping geometry identified at the Zorritos and Heath levels, defined by 2D seismic data. • Deeper Heath level offers stacked potential and is characterised Cabella (Zorritos) by reduced faulting. Zorritos Unc. SW (Fars-Nears) x Fars NE • Structure
Slide 20: Salmon Prospect
Salmon Prospect Zorritos Unconformity Basin Centre Lead A & B Rockfish • Robust structural lead at Zorritos level, with associated amplitude Anchoa S anomalies at shallower levels (Cardalitos & Tumbes). Salmon • Located within centre of the basin above Heath Formation source rocks, with structure a
Slide 21: Tiburon Prospect
Tiburon Prospect A A’ • Extensive, stacked, fault-related trapping structures mapped on 2D seismic data. Tiburon (Zorritos) • Deep-water clastic turbidite reservoirs in the Upper Zorritos with secondary potential in Heath Formation sands. Zorritos Unc. Heath • Zorritos structure >100 The Tiburon pro