Condor Energies Inc · TSX:CDR
Condor Energies — Investor Presentation (September 2026)
30 slides from Condor Energies's investor presentation, September 2026
Slide 1: That's Energy to Deliver Sustainable Cashflows and Shareholder Value
CORPORATE PRESENTATION | September 2026 THAT'S ENERGY to Deliver Sustainable Cashflows and Shareholder Value TSX: CDR www.condorenergies.ca
Slide 2: Company Snapshot: Energizing Condor's Future
COMPANY SNAPSHOT Energizing Condor's Future Central Asia’s 20-year Trailblazer: Developing sustainable energy sources and critical minerals using proven Western technologies 17,122 $50 million $400 million BOEPD PRODUCTION Q2 2026 YTD REVENUE MARKET CAP August 2026 average daily production 86.4 mill
Slide 3: Our Diverse Portfolio's Value Realization Strategy
STRATEGY Our Diverse Portfolio’s Value Realization Strategy Grow existing gas production and fund cleaner fuels and critical minerals across Central Asia 01 02 03 STRONG FOUNDATION RAPID CASH FLOW GROWTH MATERIAL UPSIDE Gas Production, Uzbekistan Modular LNG, Kazakhstan Critical Minerals, Kazakhstan
Slide 4: Advantages of Central Asia
REGION Advantages of Central Asia Rapidly growing domestic energy and critical minerals demand with significant remaining resources Stable & Safe Operating Environment Multiple super majors continue expanding and are actively invested across the region $430B of Foreign Direct Investment Kazakhstan a
Slide 5: Gas Production Uzbekistan
SECTION 01 Gas Production Uzbekistan First mover advantage: Condor is the first and only Western natural gas producer in Uzbekistan 8 75 282 2044 GAS FIELDS PRODUCING WELLS KM2 LAND AREA CONTRACT EXPIRY September 2026 | www.condorenergies.ca | TSX: CDR 5
Slide 6: Modern Technologies Unlock Scalable Growth
GAS PRODUCTION · UZBEKISTAN Modern Technologies Unlock Scalable Growth Condor's 8 gas fields (dark red) Technologies are monetizing a large, underdeveloped gas position Regional Extent, Light Historic Development • First western mover into prolific Amu Darya Gas Basin • 109 sections equivalent (282
Slide 7: Stacked Reservoirs Support Multi-Year Inventory
GAS PRODUCTION · UZBEKISTAN Stacked Reservoirs Support Multi-Year Inventory Extensive drilling inventory across multiple play and reservoir types 58 Wells in Inventory 500 m Cretaceous Clastics 1,400-Meter Column of Stacked Reservoirs • Prior to Condor, nearly all production came from carbonates Wel
Slide 8: Kumli Results Validate Development Strategy
GAS PRODUCTION · UZBEKISTAN Kumli Results Validate Development Strategy Western technologies have identified an extensive opportunity base Average tested IP: 14.4 MMscf/d with performance exceeding pre-drill type curves Kumli Strategy is Delivering Prior Kumli mapping • Reprocessed 3D identified und
Slide 9: Northern Fields Become The Next Growth Engine
GAS PRODUCTION · UZBEKISTAN Northern Fields Become The Next Growth Engine Drilling inventory expands and sets the stage for the next phase of growth A-9 A-29Hz A-30Hz A-10 A-31Hz Pursuing Large Area of Proven Gas Charge at Andakli A-24Hz A-28Hz A-17 A-25Hz • Identified and tested regional gas charge
Slide 10: Drilling and Compression Form Next Phase of Growth
GAS PRODUCTION · UZBEKISTAN Drilling and Compression Form Next Phase of Growth Multiple initiatives to increase gas production rates and cash flow 13 - 16 2026 Strong Production Growth Continues into 2027 ACTIVE DRILLING New Wells in 2027 • 13 wells targeted in 2026: three recent hz wells tested +13
Slide 11: Modular LNG Kazakhstan
SECTION 02 Modular LNG Kazakhstan Central Asia's first LNG producer, displacing diesel with cleaner, cost-effective transportation fuel to enhance energy security Q2 2027 2.5 MM 3 30% 1st LNG PRODUCTION LITRES/DAY LNG FROM STRATEGICALLY LOCATED LOWER GHG EMISSIONS FEEDGAS ALLOCATIONS FEEDGAS LOCATIO
Slide 12: Modular LNG Overview
MODULAR LNG · KAZAKHSTAN Modular LNG Overview Applying proven liquefaction technologies and end-user applications: a virtual pipeline for regions without infrastructure What is LNG? Modular Benefits Proven Industrial Uses Natural gas cooled to -162°C, stored at Modular plants localize LNG production
Slide 13: LNG Advantages for Kazakhstan
MODULAR LNG · KAZAKHSTAN LNG Advantages for Kazakhstan LNG Increases Clean Fuel Supply for Kazakhstan’s Multiple End-User Benefits Strategically Important TITR Expansion • TITR 'Middle Corridor': fastest Asia-Europe route via Kazakhstan • Longer operating range and faster delivery times o Avoids Rus
Slide 14: Saryozek Phase LNG Production in Q2 2027
MODULAR LNG · KAZAKHSTAN Saryozek Phase 1 LNG Production in Q2 2027 Fully supports the Government’s strategic focus on energy security solutions that provide viable diesel fuel alternatives 200,000 Phase 1 LNG Liters/Day 750,000 Phase 2 LNG Liters/Day • Saryozek LNG will be developed in 2 phases o P
Slide 15: Critical Minerals Kazakhstan
SECTION 03 Critical Minerals Kazakhstan Copper, Lithium, Manganese and Cesium in the world's 3rd largest sedimentary copper Direct Lithium Extraction (DLE) brine processing basin 2 40,300 130 mg/L 6 yrs ACTIVE LICENSES HECTARES PEAK LITHIUM LICENSE TERM CONCENTRATION* *as per Ministry of Geology of
Slide 16: Critical Mineral Licenses in Kazakhstan
CRITICAL MINERALS · KAZAKHSTAN Critical Mineral Licenses in Kazakhstan Awarded 2 × 6-year licenses with over 40,300 hectares in the Chu Sarysu Copper Basin License Position & Geology • Kolkuduk + Sayakbay sit in the world's 3rd largest sedimentary copper basin • Faulted, geothermally active: mineral
Slide 17: Environment, Social & Governance
RESPONSIBILITY Environment, Social & Governance E Environment S Social G Governance • Introducing LNG production to reduce • Donated over $5 million to social • Comprehensive set of policies and diesel fuel usage and GHG emissions programs in regions where Condor practices for staff, management and
Slide 18: Near-Term Priorities & Catalysts
OUTLOOK Near-Term Priorities & Catalysts A strong foundation for sustainable growth across three distinct, first-mover energy security initiatives Increase Gas Production · Uzbekistan 01 Multi-well horizontal drilling program underway · Field compression procurement and construction · Field optimiza
Slide 19: Appendix
CORPORATE PRESENTATION | SEPTEMBER 2026 Appendix Leadership · Board of Directors · Advisories · Forward Looking Statements · Abbreviations September 2026 | www.condorenergies.ca | TSX: CDR 19
Slide 20: Condor's Leadership Team
APPENDIX Condor's Leadership Team Decades of international experience with a combined 100+ years working in Central Asia DS SQ MP TM NS Don Streu Sandy Quilty Matt Pachell Trent Mercier Norman Storm President, CEO & Director VP Finance & CFO COO VP & General Counsel Managing Director 40+ yrs oil & g
Slide 21: Condor's Board of Directors
APPENDIX Condor's Board of Directors DB AJ WZ JC Dennis Balderston Andrew Judson Werner Zoellner John Chambers Lead Director, Chair of Governance Director, Chair of Reserves HSE Chairman, Chair of Audit Committee Director Committee Committee Director of Cavvy Energy. Chairman Founder of Patrimonium
Slide 22: Management Biographies
APPENDIX Management Biographies Don Streu Sandy Quilty Matt Pachell President, CEO & Director VP Finance & CFO COO Mr. Streu has over 40 years experience in the oil and Chartered Accountant with over 35 years experience Over 26 years of experience in geoscience and cross- gas industry including 22 y
Slide 23: Management Biographies
APPENDIX Management Biographies Trent Mercier Norman Storm VP & General Counsel Managing Director Specializes in international resource project transactions and public-private Conducting business in Kazakhstan for over 30 years across oil and gas E&P, investment law, advising operating companies, su
Slide 24: Advisories & Definitions
APPENDIX Advisories & Definitions Barrels of Oil Equivalent Advisory References to barrels of oil equivalent ("boe") are derived by converting gas to oil at 6 Mcf:1 bbl based on energy conversion at the burner tip. This does not represent a value equivalency at the wellhead. Given current price diff
Slide 25: Forward Looking Statements (1 of 3)
APPENDIX 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. T
Slide 26: Forward Looking Statements (2 of 3)
APPENDIX 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 t
Slide 27: Forward Looking Statements (3 of 3)
APPENDIX 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 Analys
Slide 28: Market and Industry Data and Forecasts
APPENDIX Market and Industry Data and Forecasts Any market share, industry data and other statistical information contained in this presentation is based on a variety of sources, including internal data and estimates based on management's beliefs, independent industry publications, government public
Slide 29: Abbreviations
APPENDIX Abbreviations $ Canadian Dollars EV Electric Vehicle mLNG Modular LNG % Percent GHG Green House Gas TITR Trans-Caspian International Transportation Route °C Degrees Celsius IP Initial Production Rate TSX Toronto Stock Exchange boepd ISO International Organization for Barrels of oil equivale
Slide 30: For More Information
FOR MORE INFORMATION www.condorenergies.ca TSX: CDR | info@condorenergies.ca September 2026 | Condor Energies Inc. | Corporate Presentation
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