Corporate Presentation December 2013 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 MM boe* unrisked mean…
Condor Snapshot Capital Markets Trading Symbol TSX:CPI US88 MM Marsel sale Anticipate Ministry of Oil and Gas Common Shares 346.1 million consent and waiver in Dec 2013 Final condition precedent is then Anti- Market 121 million…
Building Value through a Balanced Portfolio Shoba Gauging Station Construction Monetize existing shallow discoveries Transition Shoba and Taskuduk into Commercial production Sustained production at export pricing Evaluate 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 Pipeline Network December 2013 www.condorpetroleum.com 6
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…
Phased Strategy Multiple Oil Discoveries Phase 1: Front-End Load project Modern 3D Seismic Images Multiple Exploration Plays Acquired extensive 3D seismic Cretaceous 650 1500 m Shallow, inexpensive drilling…
Kiyaktysai Discovery: Proof of Concept Kiyaktysai (KN-E) Discovery Light oil discovery mitigates risk on SW NE KN-E-201 remaining exploration portfolio Upper Permian oil reservoirs encountered Secondary Basin Migration pathways…
Primary Basin Repeatability Numerous Primary Basin Targets Block-wide / Regional implications KN-E discovery validates understanding of Primary Basin evolution Reservoir fairways extend across Zharkamys Material upside potential…
Phase 3: Prolific Upside from Pre-Salt Plays Billion barrel potential Eb-401: 180 MM boe unrisked mean recoverable* 1 Bn boe* unrisked resource potential Proven pre-salt plays in Pre-Caspian Basin now recognized on block Ebeity…
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…
Compelling Valuation Growth Drilling Portfolio Continues to Expand Progressing Kiyaktysai discovery Oil production from ninety day tests Significant exploration portfolio 66 prospects with 1,515 MM boe unrisked mean recoverable*…
Zharkamys Acreage Expansion Expansion Area Leads Material addition of highly prospective acreage: 1,167 km2 (45% increase in area) Attractive exploration areas Numerous Phase 2 and 3 leads identified on ZW1 extend into new…
Why Condor Multiple Mini-basins Identified w/ 3D Seismic Phased strategy is working Multiple proven play types with 4 recent oil discoveries Exceptional 3D seismic imaging defines previously unrecognizable targets Top of…
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 /…
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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