Condor Energies Inc · TSX:CDR
Condor Energies — Investor Presentation (June 2026)
29 slides from Condor Energies's investor presentation, June 2026
Slide 1: Corporate Presentation: That's Energy to Deliver Sustainable Cash Flow
CORPORATE PRESENTATION That's Energy to Deliver Sustainable Cash Flow June 2026 TSX: CDR www.condorenergies.ca
Slide 2: Energizing Condor's Future
Energizing Condor's Future Developing sustainable energy sources and critical minerals using proven Western technologies 15,238* $22.6 MM $250 MM boepd Revenue Market Cap Production record set May 25, 2026 Q1 2026 Revenue (CAD) Common Shares = 83.7 MM Up 41% YTD 10.7% increase from Q4 2025 Market Ca
Slide 3: Our Value Creation Strategy
Our Value Creation Strategy Build on current natural gas production to develop cleaner fuels + critical minerals supporting Central Asia's sustainable energy transition STRONG Production & Cash Flow Growth FOUNDATION • Drill 12 new wells in 2026 Gas Production • Install field compression at Kumli (+
Slide 4: Advantages of Central Asia
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 — Chevron, ExxonMobil, Shell, Rio Tinto, Cameco all actively invested in the region. $430B pro-Wes
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 Gas Licenses 75 Active Wells 282 km² Land Area 2044 Contract Expiry June 2026 | www.condorenergies.ca | TSX: CDR 5
Slide 6: Uzbekistan: Large, Underdeveloped Gas Position
Uzbekistan: Large, Underdeveloped Gas Position Condor is the first and only Western natural gas producer in Uzbekistan Condor’s 8 Gas Fields (dark red) Regional Extent, Light Historic Development • 109 sections across 8 gas fields with limited historical development • 75 active wells • Prior activit
Slide 7: Multi-Zone Inventory: Repeatable Development
Multi-Zone Inventory: Repeatable Development Stacked reservoirs and modern drilling unlock a scalable, multi-well and multi-zone development platform STACKED RESERVOIR COLUMN Extensive Drilling Inventory of +50 Wells • 1,400-meter column of stacked clastic and carbonate reservoirs • Numerous stacked
Slide 8: Horizontal Drilling Delivering High-Rate Wells
Horizontal Drilling Delivering High-Rate Wells Application of Western technologies has identified an extensive opportunity base — Kumli Asset Area Kumli Field – 3D identified 18 Target Structures Proven Horizontal Well Performance: • K-46*: ~15.5 MMscf/d IP • K-47**: ~14.8 MMscf/d IP • Wells perform
Slide 9: Uzbekistan Near-Term Catalyst Rich Period
Uzbekistan Near-Term Catalyst Rich Period Multiple initiatives to increase gas production rates and 2026 cash flows ACTIVE DRILLING FIELD COMPRESSION PRODUCTION GROWTH 12 New Wells in 2026 Field Compression — Kumli New Wells, Workovers, Optimizations +10 MMscf/d 30 MMscf/d 15,238 boepd* *Up 41% YTD
Slide 10: 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 Q1 2027 1.5 MM 1st LNG Litres/Day with 3 Independent 800+ Number of LNG Production Current Feedgas locations of Powered Locomotives Allo
Slide 11: Modular LNG Overview
Modular LNG Overview Applying proven liquefaction technologies and end-user applications — virtual pipeline for regions without infrastructure Fabrication is complete on Condor’s 1st LNG liquefaction unit What is LNG? Liquefied Natural Gas — natural gas cooled to -162°C, stored at low pressure in 1/
Slide 12: LNG Production Benefits for Central Asia
LNG Production Benefits for Central Asia More environmentally friendly & cost-effective than diesel with better engine performance 30% 95% 100% +20% Lower GHG Emissions vs Diesel Lower Particulate Emissions Lower Sulphur Emissions More BTU Energy Output by Weight *Internal calculations based on US E
Slide 13: Kazakhstan's First LNG Production in Q1 2027
Kazakhstan's First LNG Production in Q1 2027 Condor's LNG will help alleviate the impact of Kazakhstan's diesel shortages Condor’s current and planned LNG facility locations in Kazakhstan • 1st LNG production planned for Q1 2027 • 182,000 L/day (48,000 gpd) facility has been fabricated and arrives i
Slide 14: Critical Minerals Kazakhstan
SECTION 03 Critical Minerals Kazakhstan Copper, Lithium, Manganese, Cesium — in the world's 3rd largest sedimentary copper basin 2 Active Licenses 40,300 Hectares 130 mg/L Peak Lithium Concentration* 6 yrs License Term *as per Ministry of Geology of the Republic of Kazakhstan June 2026 | www.condore
Slide 15: Critical Mineral Licenses in Kazakhstan
Critical Mineral Licenses in Kazakhstan Awarded 2 × 6-year licenses with over 40,300 hectares in the Chu Sarysu Copper Basin Condor’s Kolkuduk and Sayakbay Critical Minerals Licenses • Kolkuduk and Sayakbay licenses in the world's 3rd largest sedimentary copper basin Heavily faulted in geothermall
Slide 16: Environment, Social & Governance
Environment, Social & Governance E Environment S Social G Governance • Introducing LNG production to • Donated over $5 million to social • Comprehensive set of policies and reduce diesel fuel usage and GHG programs in regions where Condor practices for staff, management, and emissions operates Board
Slide 17: Near-Term Priorities & Catalysts
Near-Term Priorities & Catalysts Condor's strong foundation for continued growth across three distinct, first-mover energy security initiatives Increase Gas Production — Uzbekistan Condor’s Value Creation Strategy 01 Multi-well horizontal drilling program underway · Field compression procurement and
Slide 18: Appendix
Appendix June 2026 | Condor Energies Inc. | Corporate Presentation
Slide 19: Condor's Leadership Team
Condor's Leadership Team Decades of international experience — combined 100+ years working in Central Asia Don Streu 40+ yrs oil & gas | 22 yrs Chevron (Angola, Indonesia, Nigeria, Canada, USA) | Honorary Consul of Kazakhstan for Alberta President, CEO & Director Sandy Quilty 35+ yrs international O
Slide 20: Condor's Board of Directors
Condor’s Board of Directors Dennis Balderston Former Partner at E&Y Chairman, Chair of Audit Committee Andrew Judson Lead Director, Chair of Governance Director of Cavvy Energy; Chairman of Drift Resource; Director of Field Safe Committee Werner Zoellner Founder of Patrimonium Private Equity, Direct
Slide 21: Management Biographies
Management Biographies Don Streu Mr. Streu has over 40 years experience in the oil and gas industry including 22 years with Chevron working in Angola, Indonesia, Nigeria, Canada and the United States. He was the asset manager of Angola's first deepwater production — a President, CEO & Director 100,0
Slide 22: Management Biographies
Management Biographies Trent Mercier VP & General Counsel Specializes in international resource project transactions and public-private investment law, advising operating companies, supply companies, financial institutions and governments on resource projects in 25+ countries. Former partner and glo
Slide 23: Advisories & Definitions
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 differentials
Slide 24: 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 25: 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 26: 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 27: Market and Industry Data and Forecasts
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 publications, r
Slide 28: Abbreviations
Abbreviations $ Canadian dollars Li Lithium % percent LNG liquefied natural gas °C degrees Celsius mg/L milligram per litre boepd barrels of oil equivalent per day MM Million bopd barrels of oil per day mLNG modular LNG BTU British thermal units NI National Instrument CIS Commonwealth of Independent
Slide 29: For More Information
For More Information www.condorenergies.ca TSX: CDR | info@condorenergies.ca June 2026 | Condor Energies Inc. | Corporate Presentation 29