Corporate Presentation March 2014 November 2013 TSX:CPI www.condorpetroleum.com
Executive Summary Republic of Kazakhstan Condor (CPI) is a TSX-listed junior E&P company developing assets in Kazakhstan Exploration strategy is working 4 oil discoveries from 12 exploration wells 1,515 MMboe unrisked mean…
Condor Snapshot Capital Markets 2014 Guidance TSX Symbol CPI Drill deeper, higher impact prospects 4600 m well targeting 50 MMboe** Common Shares 346.1 million Monetize existing shallow discoveries Transition Taskuduk and…
Kazakhstan Oil and Gas Sector Oil production has tripled from 500 Mbopd to Kazakhstan Production Growth 1600 Mbopd since independence in 1991 3000 Broad participation from foreign investment 2500 Gas (kboepd) 2000 Liquids…
Established Oil Pipeline Network March 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 August 2015 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: Front-End Load project Cretaceous Acquire extensive 3D seismic 650 2000 m Jurassic Phase 1 Drill shallow, inexpensive…
Phase 1: Building low-cost production Kos-S Phase 1 Prospect Phase 1 shallow exploration inventory includes 37 prospects Jurassic 176 MMbbls of unrisked mean recoverable* reservoir objectives Average prospect size is 4.8…
Phase 2: Primary Basin Proof of Concept Extensive Remaining KN-E-201 Trap Potential SW NE Limited area Recent KN-E-201 light oil discovery (40 API) penetrated mitigates risk on remaining exploration by KN-E-201 portfolio…
Phase 2: Primary Basin Repeatability KN 501 Primary Basin Prospect W E KN-501 KN-501 next high-impact prospect Secondary Basin 50 MMboe unrisked mean recoverable* KN-501 Salt Dome Primary Offsets the KN-E-201 discovery by 8 km…
Phase 3: Prolific Upside from Pre-Salt Plays Billion barrel potential Eb-401: 180 MMboe unrisked mean recoverable* 1 B boe unrisked mean recoverable* Proven pre-salt plays in Pre-Caspian Basin now recognized at Zharkamys Ebeity…
Compelling Valuation Growth Drilling Portfolio Continues to Expand Significant exploration portfolio 66 prospects with 1,515 MMboe unrisked mean recoverable* Drilling into Primary Basin portfolio KN-501 and Kor-SE each targeting…
Why Condor Exceptional Imaging Beneath and Within Salt Phased strategy is working Multiple proven play types with 4 recent oil discoveries Top of Exceptional 3D seismic imaging defines Salt previously unrecognizable targets…
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 President & CEO Osisko Mining Management Dennis Balderston 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 Norman Storm Mr. Storm has over 25 years experience in international transportation, logistics, oil and gas, mining, and financing. Mr. Storm is Chief Executive Officer of EurAsia Holding Managing Director AG…
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