George P. Sagredos

The Group's principal activity is to acquire, through a merger, capital stock exchange, asset acquisition or other similar business combination, one or more businesses that supports the process of bringing energy, in the form of crude oil, natural and liquefied petroleum gas, and refined and specialized products (such as petrochemicals), from production to final consumption throughout the world. To date, its efforts limited to organizational activities. It do not have any specific business combination under consideration, nor have it had any discussions with any target business regarding a possible business combination. Management believes and represents a favorable opportunity to consummate a business combination within the three identified groups of target companies. They include businesses that provide Refining/petrochemical plants, Terminalling facilities, on land or at sea and transportation of crude oil, gas. It operates solely in domestic market.

The Group's principal activity is to acquire, through a merger, capital stock exchange, asset acquisition or other similar business combination, one or more businesses that supports the process of bringing energy, in the form of crude oil, natural and liquefied petroleum gas, and refined and specialized products (such as petrochemicals), from production to final consumption throughout the world. To date, its efforts limited to organizational activities. It do not have any specific business combination under consideration, nor have it had any discussions with any target business regarding a possible business combination. Management believes and represents a favorable opportunity to consummate a business combination within the three identified groups of target companies. They include businesses that provide Refining/petrochemical plants, Terminalling facilities, on land or at sea and transportation of crude oil, gas. It operates solely in domestic market.