Corporate Presentation November 2016 November 2010 www.condorpetroleum.com
Executive Summary Condor is a well-capitalized TSX-listed oil Ortakoy Licences in Turkeys Thrace Basin & gas company with a strategically positioned asset base 100% working interests in licences in northwest Turkey and in…
Condor Snapshot Capital Markets Net Asset Value per Share (After Tax)* 6.00 TSX Symbol CPI Reserves 5.00 Common Shares 43.3 million Working Capital 4.00 Market 76 million Capitalization+ (1.75/share) CPI /Share (CAD)…
Northwest Turkey: Ortakoy Licenses Turkey is one of Europes Hubs for Natural Gas Supply Ortakoy licenses cover 171 km2 in northwest Turkey 4 contiguous production licenses awarded in November 2015 100% working interest…
Poyraz Ridge: Play Opening Discovery Poyraz 1 and Poyraz 2 Wellbores Emerging play in a proven gas- prone hydrocarbon system Conventional thrust-fold play concept in the early stages of value creation Source, migration,…
First Gas Targeted in mid 2017 Construction of a 15 mmscf/d gas facility Poyraz Ridge Well Locations is underway Major contracts have been signed and equipment is being delivered and installed Greatly reduces cost and schedule…
Significant Reserve Growth Potential Sogucak Increased Reservoir Area Due to Poyraz 5 Sogucak Increased Reservoir Area Poyraz 5 and Poyraz 3 well results indicate an increase in reservoir volumes Poyraz-5 Sogucak carbonate…
Poyraz Ridge Repeatability NW Poyraz exploration prospect is a Southwest Thrace Thrust-Fold Belt lookalike to Poyraz Ridge Thrust fold mechanics are very similar NW Poyraz should be even more intensely fractured given it is closer…
Kazakhstan: Zharkamys West 1 Pre-Caspian Basin Located in the Pre-Caspian Basin 46 Billion boe discovered * Super-giant oil fields in Pre-Caspian Basin include* Kashagan: 13 B bbls, Tengiz: 9 B bbls, Zhanazhol: 1 B bbls…
Phased Strategy in Kazakhstan 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 shallow,…
Monetizing Shallow Oil Discoveries Shoba Gauging Station Commercial production has commenced at Shoba and Taskuduk 340 410 API oil at reservoir depths of 750 to 1100 meters Combined production to-date of 500 600 bopd as…
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 KN-E…
Refining the Primary Basin Portfolio Korumbet NW Prospect Korumbet NW is being matured to a drill-ready state 3850 meter well with estimated 6.5 MM drill cost Mini- Basin Targeting a thicker Kazanian sedimentary package similar…
Leveraging Pre-Salt Upside Potential Eb-401: 3D seismic indicates favorable 4-way trap and reservoir development Proven Pre-Salt plays in Pre-Caspian Basin are evident at ZW1 Regional analysis demonstrates continuity of plays…
2016 Scorecard Refrigeration Unit Factory Acceptance Testing Develop the Poyraz Ridge gas field Facility construction and drilling program is underway On track for 1st Gas by mid 2017 Completion and testing program commencing…
Appendix Additional Information November 2010 www.condorpetroleum.com
Reserve Volumes Gross Company reserves as of December 31, 2015* Kazakhstan Turkey* Total Oil Gas Gas Liquids Total (in Mboe) Mboe Mbbls MMCF Mboe Mbbl Mboe Proved 1,657 9,759 1,627 93 1,720 3,377 Probable 1,448 11,418…
Reserve Values Gross Company reserves as of December 31, 2015* Total Volume NPV10 After Tax NPV10 After Tax (Mboe)* (USMM)* (CAMM) Proved 3,377 44.1 57.3 Probable 3,431 51.1 66.4 Proved plus Probable 6,808 95.2 123.8…
Turkish Gas Market Turkey imports 98% of its natural gas 2014 demand was 4.6 BCF/d while domestic production was 0.07BCF/d New gas production has a ready market BOTAS is the state-owned oil and gas pipeline and trading company…
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…
Kazakhstan Oil and Gas Sector Kazakhstan Production Growth Oil production has tripled since 1991 independence to over 1.6 MM bopd Broad participation from foreign investment Super Majors and Majors, NOCs, Juniors Politically…
Established Oil and Gas Pipeline Networks November 2016 www.condorpetroleum.com 22
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…
Condors Leadership Team Successful track record of capturing opportunities and executing developments Board of Directors Management Sean Roosen Chairman 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…
Management Biographies Mr. Anderson, formerly President and CEO of Marsa Energy Inc, has more than 35 years of international and domestic/frontier exploration and development experience. Prior to Marsa, Mr. Anderson was the…
Abbreviations km kilometer km2 square kilometer M thousand MM million B billion bbl barrels boe barrel of oil equivalent bopd barrels of oil per day cf cubic feet scf standard cubic feet d day 1P Proved reserves 2P Proved…
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