2015 AGM Operations Update June 11, 2015 November 2013 TSX:CPI www.condorpetroleum.com
Condor Snapshot Capital Markets 2015 Catalysts Drill KN-501 high impact Primary TSX Symbol CPI Basin well 67 MMboe unrisked mean prospective resources* Common Shares 346.1 million Mobilizing equipment to drill site Expect to…
KN-501: 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…
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…
Mitigating Salt Basin Drilling Risks Managed Pressure Drilling System Managed Pressure Drilling Identify/control rapid pressure transitions Manage mud weight vs minimum and possible pore pressure / fracture pressure Hold back…
Establishing Commercial Production Shoba Facilities Transitioning oil discoveries into stable base production Production facilities have been constructed for Shoba and Taskuduk shallow oil discoveries Commercial production…
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 Regional…
2015 Catalysts 3D Seismic Images of 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…
Appendix Additional Information November 2010 www.condorpetroleum.com
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,…
Established Oil and Gas Pipeline Networks June 11, 2015 www.condorpetroleum.com 11
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…
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