PresentationPresentation

March 2007March 2007

A Brief HistoryA Brief History • Official Name: Republic of PanamaOfficial Name: Republic of Panama• Discovered by Vasco Nunez de Balboa – 1501Discovered by Vasco Nunez de Balboa – 1501• Called Isthmus of Panama, linked South America with Central AmericaCalled Isthmus of Panama, linked South America with Central America• Population: 3.2 MM - Capital: Panama City (1.2 MM people)Population: 3.2 MM - Capital: Panama City (1.2 MM people)• Divided in 9 Provinces and 2 ComarcasDivided in 9 Provinces and 2 Comarcas• Main Activity: Canal Of Panama Main Activity: Canal Of Panama

– Founded in 1914 (USA) Founded in 1914 (USA) – Transferred to Panama Government in year 2000 Transferred to Panama Government in year 2000 – Expansion approved: Starting in 2007 (5.0 Bill.$)Expansion approved: Starting in 2007 (5.0 Bill.$)

• Currency: Balboa (1Bb = 1 US $)Currency: Balboa (1Bb = 1 US $)• Economy: GDP = 18.1 MMM$ / Grow: 5.2%Economy: GDP = 18.1 MMM$ / Grow: 5.2%• Political Info: Democratic Government - 5 yrs. PeriodPolitical Info: Democratic Government - 5 yrs. Period• Panama is Called “Paradise for Retirees”Panama is Called “Paradise for Retirees”

Who is WhoWho is Who• Energias: Energias:

Is a Panamanian company acting as developer of Industrial Park for Is a Panamanian company acting as developer of Industrial Park for Petroleum and its derivates located in Colon – Panama, also include two (2) Petroleum and its derivates located in Colon – Panama, also include two (2) Marines Terminals and Tanks Farms in both side Pacific and Atlantic Marines Terminals and Tanks Farms in both side Pacific and Atlantic Oceans. Oceans. www.energias.com.pawww.energias.com.pa

• PC Oil & Gas, Inc: PC Oil & Gas, Inc: Is an International Procurement, Logistic and Technical Services company Is an International Procurement, Logistic and Technical Services company with headquarter in Houston, TX and offices at Laredo, TX; Miami, Fl and with headquarter in Houston, TX and offices at Laredo, TX; Miami, Fl and Panama City, Panama. Panama City, Panama. www.pcoilandgas.comwww.pcoilandgas.com

The AllianceThe Alliance

• February 2007: Centro Energetico de las Americas – February 2007: Centro Energetico de las Americas – ENERGIAS and PC Oil & Gas, Inc. agreed to make an ENERGIAS and PC Oil & Gas, Inc. agreed to make an alliance and create a new Company:alliance and create a new Company:

PC Oil & Gas, Inc. – ENERGIAS, S.A.PC Oil & Gas, Inc. – ENERGIAS, S.A.

The Project: Industrial ParkThe Project: Industrial Park

• Located at: Panama North (Colon), Atlantic Ocean SideLocated at: Panama North (Colon), Atlantic Ocean Side• Total land: 2,000+ Has. (4,800+ acres)Total land: 2,000+ Has. (4,800+ acres)• 10 years expected time for completion10 years expected time for completion• 40+ billions $ investment40+ billions $ investment

• Phase 1Phase 1• Tank Farms (2) – Atlantic (10MMBls)/Pacific (5MMBls)Tank Farms (2) – Atlantic (10MMBls)/Pacific (5MMBls)• Marine Terminals (2) – Atlantic/PacificMarine Terminals (2) – Atlantic/Pacific• Pipelines – 36”/16” / Connecting the OceansPipelines – 36”/16” / Connecting the Oceans• Power & Water PlantsPower & Water Plants

• Phase 2Phase 2• Petroleum Refineries (2.0 MMBls /day)Petroleum Refineries (2.0 MMBls /day)• Petrochemicals (C2/C3) and Chemicals PlantsPetrochemicals (C2/C3) and Chemicals Plants• Fertilizers – NH3 / UreaFertilizers – NH3 / Urea• LNG Re-gasificationLNG Re-gasification

OrganizationOrganization

Board Of Directors / PC O&G - EnergiasBoard Of Directors / PC O&G - EnergiasPanama Panama

Centro International de las AmericasCentro International de las Americas

Operation GroupOperation GroupPC Oil & Gas, Inc.PC Oil & Gas, Inc.

Houston – TexasHouston – Texas

Offices Locations:Offices Locations:Houston – Laredo - Miami – PanamaHouston – Laredo - Miami – Panama

PC Oil & Gas, Inc.PC Oil & Gas, Inc.Professional Services for O&G Industry

Procurement, Logistics & Technical ServicesHouston – Laredo – Miami – Panama

Houston–HQ

ProcurementLogistics &

Technical ServicesMiami

Procurement& Logistics

Laredo

LogisticsControl Management

Panama

Procurement,Logistics ControlManagement &Custom Control

Scope of the ServicesScope of the Services

• Procurement of Materials and EquipmentProcurement of Materials and Equipment• Planning & Control (Interactive Dynamic On Line)Planning & Control (Interactive Dynamic On Line)• Expediting: Short and Long Terms LeadsExpediting: Short and Long Terms Leads• Technical Assistance (Project Management)Technical Assistance (Project Management)• Logistics – Inland & Overseas (Ocean & Air Freight)Logistics – Inland & Overseas (Ocean & Air Freight)• Warehousing (Transit or Mid Term)Warehousing (Transit or Mid Term)• Export PackagingExport Packaging• Custom Permits (Exporting Paperwork)Custom Permits (Exporting Paperwork)• InsurancesInsurances• Deliveries FOB – CIF (Incoterms 2000)Deliveries FOB – CIF (Incoterms 2000)• Others Client’s Requirements.Others Client’s Requirements.

Procurement – Technical ServicesProcurement – Technical Services

MaterialsMaterials Package UnitsPackage Units Technical ServicesTechnical Services

- Piping, Tubes and Fittings- Piping, Tubes and Fittings - Boilers Packages- Boilers Packages - - Project ManagementProject Management- Valves (Std., Control, Safety)- Valves (Std., Control, Safety) - Flares Packages- Flares Packages - Procurement Management- Procurement Management- Pumps- Pumps - Gas Compression Packages- Gas Compression Packages - Expediting- Expediting- Compressors- Compressors - Refrigeration Units- Refrigeration Units - Inspection- Inspection- Turbines- Turbines - De-aerators- De-aerators - Personnel - Personnel

StaffingStaffing- Motors- Motors - Water Treatment Units- Water Treatment Units - Plant Audits- Plant Audits- Electric Transformers- Electric Transformers - Compressor Control Pckg.- Compressor Control Pckg. - Plant Process Evaluation- Plant Process Evaluation- Inst. & Elect. Cables- Inst. & Elect. Cables- Heat Exchangers- Heat Exchangers- Pressure Vessels- Pressure Vessels- Safety Equipments- Safety Equipments- - Speed ControllersSpeed Controllers

Logistics Logistics

• Inland & Overseas (Ocean & Air Freight)Inland & Overseas (Ocean & Air Freight)• Warehousing Facilities (Transit and Mid Term)Warehousing Facilities (Transit and Mid Term)• Export PackagingExport Packaging• Export / Import DocumentationExport / Import Documentation• Custom AssistanceCustom Assistance• InsurancesInsurances• Expediting ServicesExpediting Services• In line Logistics Control (Interactive Module)In line Logistics Control (Interactive Module)• INCOTERMS 2000INCOTERMS 2000• World Wide AgreementsWorld Wide Agreements• Special Handling (Per customer Request)Special Handling (Per customer Request)

Logistics (WW Services)Logistics (WW Services)

Director - Manager

ProcurementCoordinator

Expediting &Inspection

Planning & ControlLogistic

Coordinator

BuyersWarehousing

Ocean & Air FreightShort and Long

TermsReports and Control

AdministrativeAssistance

Finance and Commercial

Technical Services

Specialists

PC Oil & Gas, Inc. – Organization ChartPC Oil & Gas, Inc. – Organization Chart

Contact Information:Contact Information:

Houston – Headquarter:Houston – Headquarter: Laredo:Laredo:1718 Fry Rd. Suite: 2401718 Fry Rd. Suite: 240 2800 San Gabriel2800 San GabrielHouston, TX 77084Houston, TX 77084 Laredo, TX 78045Laredo, TX 78045T: (281) 599-7025T: (281) 599-7025 T: (956) 725-5615 T: (956) 725-5615 F: (281) 398-0053F: (281) 398-0053 F: (956) 725-9811F: (956) 725-9811houston@pcoilandgas.comhouston@pcoilandgas.com laredo@pcoilandgas.comlaredo@pcoilandgas.com

Miami:Miami: Panama:Panama:6000 NW 97 Ave.6000 NW 97 Ave. Edif. Torre Las Americas Edif. Torre Las Americas Miami, FL 33178Miami, FL 33178 Torre A – Piso 21Torre A – Piso 21T: (305) 471-0899 T: (305) 471-0899 T: (507) 300-2460T: (507) 300-2460F: (305) 471-0977F: (305) 471-0977 F: (507) 300-2499F: (507) 300-2499miami@pcoilandgas.commiami@pcoilandgas.com panama@pcoilandgas.companama@pcoilandgas.com

www.pcoilandgas.comwww.pcoilandgas.com