Corporate Presentation November 2014 November 2013 TSX:CPI www.condorpetroleum.com
Executive Summary Republic of Kazakhstan: Worlds 9th Largest Country Condor (CPI) is a TSX-listed junior E&P company developing assets in Kazakhstan Exploration strategy is working 3 oil discoveries 1.5 billion boe unrisked…
Condor Snapshot Capital Markets Current Activities TSX Symbol CPI Monetizing existing discoveries Completing 2nd Shoba horizontal well 98% oil pay in 398 m horizontal Common Shares 346.1 million section Drilling appraisal well of…
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 November 2014 www.condorpetroleum.com 5
Zharkamys Overview November 2010 www.condorpetroleum.com
Zharkamys West 1 Located in the eastern portion of the Pre- Pre-Caspian Basin Caspian Basin in Kazakhstan 46 Billion boe discovered Super-giant fields in Pre-Caspian Basin include* Kashagan: 13 B barrels oil Tengiz: 9 B barrels…
Zharkamys Snapshot Zharkamys West 1 and Surrounding Fields Net Acreage 3,777 km2 (933,000 acres) Working Interest 100% Exploration Period February 2016 2,532 km2 / 1,624 km 3D / 2D Seismic 3D processed in time & depth…
Adding Value with a Phased Strategy Modern 3D Seismic Images Multiple Exploration Plays Phase 1: Create stable base production Cretaceous Acquire extensive 3D seismic 650 2000 m Jurassic Phase 1 Drill shallow,…
Phase 1: Building Sustained Production Recently Commissioned Shoba Gauging Station Transitioning Phase 1 oil discoveries into stable base production Producing 375 bopd under trial production Expected to increase as additional…
Phase 2: Validating Primary Basin Play KN-E-205 Intersects Stacked Objectives Kiyaktysai is the first Primary Basin discovery Salt in Kazakhstan Condor is the first company to recognize the Primary Basin play concept in…
Phase 2: Repeating Primary Basin Success Drilling KN-501 in 2015 --- next high-impact Primary Basin prospect 50 MMboe unrisked mean recoverable* Offsets the Kiyaktysai discovery (KN-E-201) by 8 km Under the same salt dome…
Primary Basins: Yielding Success in Gulf of Mexico/Brazil/West Africa Pony Field - Deepwater Gulf of Mexico Analog Gulf of Mexico analog is now proven in Kazakhstan by the Kiyaktysai discovery Secondary Basin Pony/Knotty Head…
Phase 3: Pursuing Pre-Salt Play Upside Billion barrel potential Recent Pre-Salt activity in Pre-Caspian Basin 1 B boe unrisked mean recoverable* Proven pre-salt plays in Pre-Caspian Basin now recognized at Zharkamys Regional…
Compelling Valuation Growth with Multiple Near Term Catalysts 3D Seismic Images Pre-Caspian Primary Basins Ramping up production with Shoba horizontal wells Transitioning Taskuduk and Shoba into commercial production Primary…
Appendix Additional Information November 2010 www.condorpetroleum.com
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 Primary Basin Primary Basin Pre-Salt Pre-Salt Same…
Condors Leadership Team Successful track record of capturing opportunities and executing developments Board of Directors Sean Roosen Chairman Chairman and CEO Osisko Gold Royalties Management Dennis Balderston Don Streu -…
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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