Condor Energies (CDR) investor relations material

Strategic initiatives and growth plans

• Focus on sustainable energy and critical minerals using Western technologies in Central Asia, with three main initiatives: Uzbek gas field operations, modular LNG facilities, and critical minerals licenses for copper, lithium, manganese, and cesium.

• Targeting a 20% increase in Uzbek gas production by March 2026, reaching 12,622 boepd, and $80.7 million in revenues.

• Modular LNG production in Kazakhstan to displace diesel, with first facility shipment in Q2 2026 and production planned for late Q4 2026.

• Advancing critical mineral opportunities in Kazakhstan, including copper and lithium brine exploration, with ongoing aeromagnetic surveys and evaluation of in-situ recovery.

• Multiple near-term catalysts include drilling, field compression, LNG project financing, and mineral prospecting.

Operational highlights and production enhancement

• Operates eight gas fields in Uzbekistan with 71 active wells and a large, lightly developed land position.

• Modern 3D seismic reprocessing has identified 18 new undrilled structures, enhancing mapping and drilling inventory.

• Horizontal drilling and workover programs are increasing production rates and reserves, with up to 12 new wells planned for 2026.

• Recent drilling successes include commercial hydrocarbons in all three wells, with strong flow rates and reservoir quality exceeding expectations.

• Booster compression and pad drilling are being implemented to further increase gas output and efficiency.

LNG and critical minerals development

• Modular LNG facilities will localize production and distribution, supporting regions with limited pipeline networks and enabling virtual pipelines.

• LNG offers significant environmental benefits over diesel, including 30% lower GHG emissions and 95% lower particulates.

• Kazakhstan's first LNG production is planned for late Q4 2026, with a facility capable of fueling 380 rail locomotives and reducing CO2 by 390,000 MT/year.

• Two six-year critical mineral licenses in Kazakhstan cover over 40,300 hectares in the Chu Sarysu Copper Basin, with active exploration and promising lithium concentrations.

• Collaboration with major mining companies and ongoing evaluation of mineral-rich brine reservoirs for lithium, manganese, and cesium.