Corporate Presentation June 2015 November 2013 TSX:CPI www.condorpetroleum.com
Executive Summary Republic of Kazakhstan: Worlds 9th Largest Country Condor is a TSX-listed junior oil & gas company developing the Zharkamys West 1 block in Kazakhstan Phased strategy is working 3 oil discoveries 1.6 B boe…
Condor Snapshot Building KN-501 Drilling Location May 2015 Capital Markets TSX Symbol CPI Common Shares 346.1 million Market 62 million Capitalization (.18/share) 2000 Horsepower Rig For KN-501 Well Working Capital*…
Zharkamys West 1 Overview Pre-Caspian Basin Located in the Pre-Caspian Basin 46 Billion boe discovered Super-giant fields in Pre-Caspian Basin include* Kashagan: 13 B barrels oil Tengiz: 9 B barrels oil Karachaganak: 9 B…
Creating Value with a Phased Strategy Modern 3D Seismic Images Multiple Exploration Plays Phase 1: Establish production Cretaceous Post-Canopy Acquire extensive 3D seismic 650 2000 m Jurassic Phase 1 Drill shallow,…
Phase 1: Establish Production Transitioning Phase 1 oil discoveries into Sh-10 and Sh-11 Initial Step-rate Tests stable base production 800 Production facilities have been constructed for Shoba and Taskuduk shallow oil discoveries…
Phase 2: Building on Primary Basin Success KN-E Primary Basing oil discovery validates play in Kazakhstan Condor is the first company to successfully identify oil bearing Primary Basins in Kazakhstan Results from KN-E wells confirm…
Gulf of Mexico analog is now proven in Kazakhstan by the KN-E discovery Pony Field - Deepwater Gulf of Mexico Analog Pony fields structural configuration is nearly identical but is deeper and costlier Secondary Basin Well depths…
Significant Primary Basin Upside Primary Basin Fairway 5 additional Primary Basin prospects are drill-ready 324 MMboe unrisked mean prospective resources * Average target size of 65 MMboe Reservoir modeling suggests a 65 MMboe…
Phase 3: Leveraging Billion Barrel Potential Pre-Salt has greater than 1 B boe Recent Pre-Salt activity in Pre-Caspian Basin unrisked mean prospective resources* Proven Pre-Salt plays in Pre-Caspian Basin evident at Zharkamys…
2015 Catalysts 3D Seismic Images Pre-Caspian Primary Basins Drill KN-501 high impact Primary Basin well 67 MMboe unrisked mean prospective resources* Mobilizing equipment to drill site Salt Obtain Shoba and Taskuduk commercial…
Appendix Additional Information November 2010 www.condorpetroleum.com
Kazakhstan Oil and Gas Sector Kazakhstan Production Growth Oil production has tripled from 500 Mbopd to 1600 Mbopd since 1991 independence Broad participation from foreign investment Super Majors and Majors, NOCs, Juniors…
Established Oil and Gas Pipeline Networks June 2015 www.condorpetroleum.com 14
Multiple Existing Export Routes Multiple existing routes are accessible for exporting to Russia, Europe and China Atyrau to Samara to Novorossiysk / Odessa / European markets Kenkiyak to Alashankou to China Aktau Port to Baku /…
New 3D Seismic Imaging Techniques Identifying Primary Basin and Pre-Salt Potential 2D Pre-Stack Time Migration 3D Pre-Stack Depth Migration Salt Flank Salt Flank Salt Dome Salt Dome Primary Basin Primary Basin…
Condors Leadership Team Successful track record of capturing opportunities and executing developments Board of Directors Sean Roosen Chairman Management Chairman and CEO Osisko Gold Royalties Don Streu - President, CEO &…
Management Biographies Mr. Streu has over 25 years experience in the oil and gas industry including 22 years with Chevron Canada Resources working in Angola, Indonesia, Nigeria, Canada and the United States. Mr. Streu was the asset…
Management Biographies Mr. Storm has worked in Kazakhstan for over 20 years and has been involved in a wide array of business activities, including oil and gas exploration and production, oil field services, domestic and…
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