Condor Energies Inc T.CDR

Alternate Symbol(s): CNPRF

Energy Oil & Gas E&P

Condor Energies Inc. is a Canada-based internationally focused energy transition company, which is focused on diverse initiatives in Central Asia. The Company has a producing gas asset, an ongoing project to construct and operate Central Asia’s first LNG facility and a separate project to develop and produce lithium brine. It has built a robust foundation for reserves, production and cashflow growth while also striving to minimize its environmental footprint. It has a 100% interest in and operates an exploration license in Kazakhstan for mining solid minerals, including lithium (the Lithium Mining License). It has a 100% interest in and operates the Poyraz Ridge and Destan operating licenses and gas fields in Turkiye. The Company, through its wholly owned subsidiary Marsa Turkey BV (MTBV), has a 100% working interest in two adjoining production licenses located on the Gallipoli (Gelibolu) peninsula in NW Turkey, lying within the SW extension of the prolific gas-producing Thrace Basin.

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Condor Energies Inc

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Post by syedbaqaron Feb 03, 2016 4:25am

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Post# 24519064

Turkish Acquisition Overview

Ortakoy licenses cover 171 km 2 in northwest Turkey ~50 km from Greece 4 contiguous production licenses awarded in Nov 2015 100% working interest Very attractive gas project economics Exposure to a region with strong gas demand and pricing 2015 gas price ~ US$10/mcf Turkey is one of Europes Hubs for Natural Gas Supply Favorable fiscal regime: 12.5% gas royalty and 20% Corporate Income Tax 36 ITGI gas pipeline (Interconnect Turkey-Greece-Italy) runs through the Ortakoy licenses Preliminary tie-in approval received Multiple gas purchase off-take proposals received from midstream companies

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