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About Condor

The Condor Story

Condor is the largest TSX-listed energy developer with diverse interests in Kazakhstan, Turkey and Uzbekistan.

Condor strives to operate in a manner that is sustainable for both the business and the environment and its host communities. Our portfolio of assets is governed by value-accretive growth and is supported by a strong corporate culture and capability and an excellent high-value, low-cost natural gas asset base. Efforts are underway to construct and operate Central Asia’s first Liquified Natural Gas (“LNG”) facility that will displace industrial diesel fuel usage with cleaner-burning natural gas.

Sustainability is core to our commitment

01

Environment

As part of our environment goals, we are aiming to eliminate routine gas venting in Uzbekistan and improving our DLE lithium brine extraction for EV battery manufacturing. Condor is introducing LNG production in Central Asia to reduce diesel fuel usage and reduce emissions as our proven Best-in-Class Canadian Health, Safety and Environmental training and policy implementation.

02

Social

Condor has donated over $5 million to social programs in the regions where we operate and have invested over $1.6 million in training and educating its employees, both internationally and in-country. Condor has a continued commitment to train and employ nationals in new projects.

03

Governance

We have mandated a comprehensive set of policies and practices that guide the accepted behaviour of our staff, management and Board. Seasoned International Management applying the best international practices for all operations with a robust system of corporate governance and internal controls.

Explore our Uzbekistan operations

Explore our Kazakhstan operations

Management

Our management team guides our business goals, checkpoints and objectives for improve productivity while also providing support and motivation to our team of 165 professionals.

Don Streu

President, CEO and Director
Mr. Streu has over 37 years experience in the oil and gas industry including 22 years with Chevron working in Angola, Indonesia, Nigeria, Canada and the United States. Mr. Streu was the asset manager of Angola’s first deepwater production: a 100,000 bopd operation that went from discovery to first oil in only 30 months. As Chevron Indonesia’s Planning Manager, Mr. Streu was responsible for developing strategic and tactical plans for an organization producing in excess of 350,000 bopd.

Mr. Streu was also the Asset Manager for Chevron Nigeria Limited, managing the entire offshore production of 250,000 bopd. He has been the President and CEO of Condor since September 2008.

Mr. Streu is currently the Honorary Consul of the Republic of Kazakhstan for Alberta. He is also a Board Director for Tethys Petroleum Ltd, a TSX-V listed oil and gas company.

Sandy Quilty

Vice-President and Chief Financial Officer
Mr. Quilty is a Chartered Accountant with over 30 years experience in the international oil and gas industry working for exploration, production and service companies in Canada, UK, Netherlands, China and over 25 years in Kazakhstan and other CIS countries. Mr. Quilty articled at Pricewaterhouse and was previously Vice President of Finance at Arawak Energy Corporation, CFO at Altius Energy Corporation and Finance and Accounting Manager at Fracmaster/BJ Services.

Jon Erickson

Senior VP Operations
Mr. Erickson has over 35 years experience with international E&P companies including Oxy, Texaco, Chevron, Tullow Oil and Burren Energy. He has been involved in onshore and offshore asset management operations in the Middle East, Russia, Kazakhstan, Turkmenistan, Africa, and South America. He has provided effective leadership in the technical execution of projects, in particular reducing costs and implementing new technologies to enhance operational, environmental and safety results. He was instrumental in the development and expansion of assets internationally through drilling optimization and streamlining of production lifting and facilities.

Mr. Erickson has managed LNG projects in several countries including Mozambique, Chad, and Gabon, for gas to power and for diesel displacement. Mr. Erickson has held past positions of Chief Operations Officer, General Manager – Operations and Drilling Manager in various oil and gas ventures. Mr. Erickson holds a degree in Petroleum engineering as well as an MBA from Eli Broad Business school.

John Baillie

Sr. VP Asset Development
Mr. Baillie has over 40 years of experience in the international upstream energy industry, 25 years in various Chevron companies in North America and Africa, and as an Executive with Sinopec-Addax Petroleum in Switzerland. He has extensive experience leading teams on major energy operations and developments in Angola, Congo, Gabon, Cameron, Nigeria and the UK North Sea. His background includes leading integration projects from major acquisitions in West Africa and the North Sea.

Trent Mercier

VP and General Counsel
Mr. Mercier specializes in international resource project transactions and public-private investment law, and has advised operating companies, supply companies, financial institutions and governments on resource projects in over 25 countries. He was a partner and global co-chair of the oilfield services group of Norton Rose Fulbright (a leading global law firm) and most recently a partner at Stikeman Elliott (the leading M&A and energy law firm in Canada). Mr. Mercier is the co-author of world-leading forms of investment agreements for investor-state oil and gas projects and lead author of the Canadian master agreement for procurement of oilfield goods and services.

Mr. Mercier is also a published author and a former instructor at the University of Calgary on International Petroleum Transactions. Supplementing his extensive legal expertise, Mr. Mercier has an education in geology and worked for Alberta’s energy regulator.

Norman Storm

Managing Director
Mr. Storm has conducted business in Kazakhstan for over 28 years and during this period has been involved in a wide array of business activities, including: oil and gas exploration and production, mining, oil field services, domestic and international transportation services, and manufacturing. Mr. Storm is the Managing Director of Eurasia Resource Value SE, a European-based private investment fund that is the founder of Condor Energies, as well as Osisko Mining, the developer of Canadian Malartic, Canada’s largest gold mine, near Val d’Or in Quebec.

Mr. Storm also co-founded Kazakhstan’s first international transport company that was the founding member of KAZATO, the IRU’s (Switzerland) customs bonding agency for road transportation in Kazakhstan. The company served many of the region’s major resource projects including: Kumtor Gold, Petro-Kazakhstan, Tengizchevroil, Kashagan, and Shell Temir.

Torsten Kritzler

VP Well Services
Mr. Kritzler is a Drilling and Completion Professional with a career spanning over 25 years in the international oil and gas industry. His expertise encompasses diverse environments, including Saudi Arabia, Indonesia, Angola, Nigeria, Canada, and the United States. He is proficient in designing and executing various drilling and completion operations, ranging from High Temperature/High Pressure (HT/HP) to steamflood, conventional, shelf, and deep-water projects. Notably, his 15-year tenure at Chevron was marked by a focus on integrating new technologies to enhance asset recovery across different operational contexts. Mr. Kritzler has held numerous leadership roles with leading Exploration and Production (E&P) companies. His vision and commitment to implementing global best practices have consistently delivered tangible results, including reduced cycle times and costs. He has contributed to the industry’s knowledge base through the publication of several technical papers, holds a MSc., MBA and serves as a responsible member for APEGA in Alberta.

Board of Directors

Our board of directors sets policies and advises the management team on strategy, executive compensation, dividends, resource management, social responsibility and other matters.

Don Streu

President, CEO and Director
Mr. Streu has over 37 years experience in the oil and gas industry including 22 years with Chevron working in Angola, Indonesia, Nigeria, Canada and the United States. Mr. Streu was the asset manager of Angola’s first deepwater production: a 100,000 bopd operation that went from discovery to first oil in only 30 months. As Chevron Indonesia’s Planning Manager, Mr. Streu was responsible for developing strategic and tactical plans for an organization producing in excess of 350,000 bopd.

Mr. Streu was also the Asset Manager for Chevron Nigeria Limited, managing the entire offshore production of 250,000 bopd. He has been the President and CEO of Condor since September 2008.

Mr. Streu is currently the Honorary Consul of the Republic of Kazakhstan for Alberta. He is also a Board Director for Tethys Petroleum Ltd, a TSX-V listed oil and gas company.

Dennis Balderson

Director and Chairman
Mr. Balderston is a Chartered Accountant and independent businessman with over 38 years of public accounting experience specializing in public and private energy sector companies. Mr. Balderston was a partner with Ernst & Young LLP from 1990 to 2005. Since 2005, Mr. Balderston has been a director of a number of public companies.

Andrew Judson

Lead Director
Mr. Judson has more than 25 years of energy capital markets experience, with much of it focused on international oil and gas production companies. Mr. Judson was a Director and Senior Advisor with Daytona Power Corp., a private company focused on developing renewable power infrastructure in the United States. Previously, Mr. Judson was Managing Director of Camcor Partners Inc. (an energy focused private equity firm), Managing Director of Institutional Sales at FirstEnergy Capital Inc., and Managing Director of Institutional Sales at Tristone Capital Inc. Mr. Judson is currently a Director of Pieridae Energy Limited, Fraser Institute, and WinSport.

Werner Zoellner

Director
Dr. Zoellner has spent more than 15 years in the private equity domain, during which time he held positions as an Investment Principal and Partner with Wellington Finanz GmbH, an Investment Partner with the Landes-Bank of the State of Baden-Württemberg and a Partner with Patrimonium Advisors in Switzerland. Dr. Zoellner serves and has served on the boards of directors of several companies in Germany, Switzerland and the United States. Previously, Dr. Zoellner spent 10 years in senior management positions with various technology companies, including 3M ESPE.