Condor Receives Feedgas Allocation for Its LNG Project in Kazakhstan - Seite 3

FORWARD-LOOKING STATEMENTS

Certain statements in this news release constitute forward-looking statements under applicable securities legislation. Such statements are generally identifiable by the terminology used, such as “anticipate'', “appear”, “believe'', “intend”, “expect”, “plan”, “estimate”, “budget'', “outlook'', “scheduled”, “may”, “will”, “should”, “could”, “would”, “in the process of” or other similar wording. Forward-looking information in this news release includes, but is not limited to, information concerning: the timing and ability to construct Kazakhstan’s first LNG facility; the timing and ability to receive and liquefy the gas to produce up to 350 Tonnes per day of LNG; the timing and ability to generate sufficient LNG; the timing and ability to realize CO₂ emission reductions; the timing and ability to contract and utilize the land for the LNG facility construction; the timing and ability to begin detailed engineering; the timing and ability to reach consensus on end-user volume commitments; the timing and ability to execute funding alternatives; the timing and ability to fund, permit and complete the planned activities; the timing and ability to produce, distribute and sell LNG as a substitute fuel to displace diesel; the timing and ability to complete LNG end-user contracts with end-users; the timing and ability to implement an LNG solution in 2025; the timing and ability to implement the liquefaction technology; the timing and ability to design, configure and build modular plants to match production with demand; the timing and ability to expand the modular plants; the timing and ability for modular plants to be more efficient, less expensive, have shorter construction timelines and face fewer cash flow and operating cost challenges compared to the larger export-focused terminals; the timing and ability to complete construction on a modular plant in 12 to 18 months from design to first production; the timing and ability to increase reserves, production and cashflow; and the timing and ability to minimize the Company’s environmental footprint.

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For further information, please contact Don Streu, President and CEO or Sandy Quilty, Vice President of Finance and CFO at 403-201-9694.