Condor Energies (CDR) Corporate Presentation summary

Strategic focus and recent milestones

• Pursuing three energy security initiatives: Uzbek gas production, modular LNG in Kazakhstan, and critical minerals development including copper, lithium, manganese, and cesium for batteries and energy storage.

• Q1 2025 gas production reached 11,175 boepd with $22.2 million in revenues; production and revenues are increasing quarterly.

• First modular LNG facility purchased, with initial production targeted for Q2 2026; three LNG feed gas allocations secured.

• Awarded a second critical minerals license in Kazakhstan, expanding access to lithium-rich brine resources.

• Market capitalization stands at $122 million as of May 2025.

Operational highlights and growth plans

• Operating eight gas-condensate fields in Uzbekistan, leveraging Western Canadian technologies to reverse prior production declines and increase output.

• Multi-well drilling campaign set for Q3 2025, targeting under-developed reservoirs and bypassed zones using advanced seismic and horizontal drilling.

• Ongoing workover programs and new technologies, such as in-field flowline water separation, are driving production growth and efficiency.

• Modular LNG plants in Kazakhstan will localize LNG production, supporting national railway and mining sectors, and reduce reliance on diesel.

• First LNG production in Kazakhstan expected in 2026, with capacity to fuel 380 rail locomotives and reduce CO2 emissions by 390,000 MT/year.

Critical minerals and sustainability initiatives

• Two six-year licenses in Kazakhstan cover over 40,300 hectares with lithium concentrations up to 130 mg/L; initial plan is to drill and test two wells.

• Direct Lithium Extraction (DLE) process planned, offering lower environmental impact compared to traditional evaporation methods.

• Strategic access to Asian and European lithium markets, with neighboring Uzbekistan developing a domestic EV manufacturing sector.

• ESG initiatives include over $5 million donated to local social programs and $1.6 million invested in employee training.

• Comprehensive governance policies and seasoned international management guide operations and risk management.