Condor Energies (CDR) investor relations material

Strategic overview and growth initiatives

• Focused on sustainable energy and critical minerals using Western technologies in Central Asia.

• Achieved record production of 15,238 boepd in May 2026, up 41% year-to-date.

• Q1 2026 revenue reached $22.6 million, a 10.7% increase from Q4 2025.

• Market capitalization stands at $250 million with 83.7 million shares outstanding.

• Operates eight gas fields in Uzbekistan and is developing Central Asia's first LNG facility in Kazakhstan.

Gas production and development in Uzbekistan

• Holds eight licenses covering 282 km² with 75 active wells, contract expiry in 2044.

• Modern drilling and 3D seismic have expanded drilling inventory and identified 18 structures at Kumli.

• Horizontal drilling delivers high-rate wells, with recent IPs of ~15.5 and ~14.8 MMscf/d.

• 12 new wells planned for 2026, with field compression to add 30 MMscf/d by Q1 2027.

• Production optimization and workovers are increasing monthly output and mitigating decline rates.

Modular LNG project in Kazakhstan

• First LNG production targeted for Q1 2027, with a 182,000 L/day facility arriving in Q3 2026.

• Three feedgas allocations secured, supporting 1.5 million litres/day LNG output.

• LNG will displace diesel, lower GHG emissions by 30%, and support energy security.

• Facility can fuel 380 rail locomotives, with potential to convert over 800 locomotives.

• Finalizing LNG offtake agreements and pricing with initial customers in transport and mining.