Corporate Presentation February 2016 November 2013 TSX:CPI Oil Treating www.condorpetroleum.com Facilities at Shoba
Executive Summary Zharkamys West 1 in Kazakhstans Pre-Caspian Basin Condor is a TSX-listed junior oil & gas company based in Calgary, Canada Developing and exploring the Zharkamys West 1 oil territory (ZW1) in Kazakhstan…
Condor Snapshot Capital Markets Near Term Focus Complete the Turkish acquisition TSX Symbol CPI Shareholders meetings on Feb 24, 2016 Secure a debt facility for Poyraz Ridge development and start Common Shares 346.1 million…
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: Discovered shallow oil fields Cretaceous Post-Canopy Acquired extensive 3D seismic 650 2000 m Jurassic Phase 1 Drilled…
Phase 1: Shallow Oil Discoveries Sh-10 and Sh-11 Initial Step-rate Tests Establish base production from shallow prospects Production facilities have been constructed and commissioned for Shoba and Taskuduk shallow oil…
Phase 2: Building on Primary Basin Results Recently Drilled Primary Basin Wells 2 Primary Basin targets drilled at ZW1 KN-501 KN-E Wells Both encountered over-pressured hydrocarbons 8 km Salt Section 410 API light oil at the…
Significant Primary Basin Follow Ups Current Primary Basin Inventory Prioritizing extensive Primary Basin inventory with newly calibrated 3D seismic data Applying KN and KN-E seismic interpretation learnings to other Primary…
Phase 3: Leveraging Upside Potential Eb-401: 3D seismic indicates favorable 4-way trap Proven Pre-Salt plays in Pre-Caspian Basin and reservoir development are evident at ZW1 Regional analysis demonstrates continuity of plays…
Turkish Acquisition Overview Ortakoy licenses cover 171 km2 in Turkey is one of Europes Hubs for Natural Gas Supply northwest Turkey 50 km from Greece 4 contiguous production licenses awarded in Nov 2015 100% working interest…
Proven Gas in Early Stage Development 4 Production Licences with ITGI pipeline transecting Extensive seismic coverage 472 km of 2D lines 16 km2 3D over Poyraz Ridge Field Gas discovered on 5 of 7 structures drilled to-date D&M…
Initial Turkish Growth Potential North Poyraz footwall separated Existing Prospects will be enhanced by additional 3D seismic from Poyraz Ridge gas field by a fault Footwall targets are structurally higher than equivalent proven…
Turkish Acquisition Benefits Provides near term sustainable cash flow and Testing one of Marsas Gas Discoveries additional long term growth potential Preserves CPIs current working capital Enables better access to debt capital…
Near Term Focus Complete the Turkish acquisition Recent Pre-Salt activity in Pre-Caspian Basin Shareholders meetings on Feb 24, 2016 Subject to satisfaction or waiver of certain customary conditions and approvals Secure a debt…
Appendix Additional Information November 2010 www.condorpetroleum.com
Kazakhstan Oil and Gas Sector Kazakhstan Production Growth Oil production has tripled to over 1,600,000 bopd since 1991 independence Broad participation from foreign investment Super Majors and Majors, NOCs, Juniors Politically…
Established Oil and Gas Pipeline Networks February 2016 www.condorpetroleum.com 17
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 ZW1 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…
Turkish Gas Market 2014 - 2015 Turkish Gas Pricing US/mcf Tier II published prices Turkey imports 98% of its natural gas 2014 demand was 4.6 BCF/day while domestic production was 0.07BCF/day New gas production has a ready…
Turkish Regional Considerations Ortakoy Licenses are Located in Northwest Turkey Strategic geographic location Turkey controls the Bosphorus shipping channels between the Mediterranean and Black Seas Major energy transit hub at…
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 & Director…
Management Biographies Mr. Streu has 30 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 21 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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