1. Presentation March 2007

2. A Brief History Official Name: Republic of Panama Official Name: Republic of Panama Discovered by Vasco Nunez de Balboa – 1501 Discovered by Vasco Nunez de Balboa – 1501 Called Isthmus of Panama, linked South America with Central America Called 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 Comarcas Divided in 9 Provinces and 2 Comarcas Main Activity: Canal Of Panama Main Activity: Canal Of Panama – Founded in 1914 (USA) –Transferred to Panama Government in year 2000 –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. Period Political Info: Democratic Government - 5 yrs. Period Panama is Called Paradise for Retirees Panama is Called Paradise for Retirees

3. Who is Who Energias: Energias: Is a Panamanian company acting as developer of Industrial Park for Petroleum and its derivates located in Colon – Panama, also include two (2) Marines Terminals and Tanks Farms in both side Pacific and Atlantic Oceans. www.energias.com.pa PC Oil & Gas, Inc: PC Oil & Gas, Inc: Is an International Procurement, Logistic and Technical Services company with headquarter in Houston, TX and offices at Laredo, TX; Miami, Fl and Panama City, Panama. www.pcoilandgas.com

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

5. The Project: Industrial Park Located at: Panama North (Colon), Atlantic Ocean Side Located 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 completion 10 years expected time for completion 40+ billions $ investment 40+ billions $ investment Phase 1 Phase 1 Tank Farms (2) – Atlantic (10MMBls)/Pacific (5MMBls) Tank Farms (2) – Atlantic (10MMBls)/Pacific (5MMBls) Marine Terminals (2) – Atlantic/Pacific Marine Terminals (2) – Atlantic/Pacific Pipelines – 36/16 / Connecting the Oceans Pipelines – 36/16 / Connecting the Oceans Power & Water Plants Power & Water Plants Phase 2 Phase 2 Petroleum Refineries (2.0 MMBls /day) Petroleum Refineries (2.0 MMBls /day) Petrochemicals (C2/C3) and Chemicals Plants Petrochemicals (C2/C3) and Chemicals Plants Fertilizers – NH3 / Urea Fertilizers – NH3 / Urea LNG Re-gasification LNG Re-gasification

6. Organization Board Of Directors / PC O&G - Energias Panama Centro International de las Americas Operation Group PC Oil & Gas, Inc. Houston – Texas Offices Locations: Houston – Laredo - Miami – Panama

7. PC Oil & Gas, Inc. Professional Services for O&G Industry Procurement, Logistics & Technical Services Houston – Laredo – Miami – Panama Houston–HQ Procurement Logistics & Technical Services Miami Procurement & Logistics Laredo Logistics Control Management Panama Procurement, Logistics Control Management & Custom Control

8. Scope of the Services Procurement of Materials and Equipment Procurement of Materials and Equipment Planning & Control (Interactive Dynamic On Line) Planning & Control (Interactive Dynamic On Line) Expediting: Short and Long Terms Leads Expediting: 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 Packaging Export Packaging Custom Permits (Exporting Paperwork) Custom Permits (Exporting Paperwork) Insurances Insurances Deliveries FOB – CIF (Incoterms 2000) Deliveries FOB – CIF (Incoterms 2000) Others Clients Requirements. Others Clients Requirements.

9. Procurement – Technical Services Materials Package Units Technical Services - Piping, Tubes and Fittings- Boilers Packages- Project Management - Valves (Std., Control, Safety)- Flares Packages- Procurement Management - Pumps- Gas Compression Packages- Expediting - Compressors- Refrigeration Units- Inspection - Turbines- De-aerators- Personnel Staffing - Motors- Water Treatment Units- Plant Audits - Electric Transformers- Compressor Control Pckg.- Plant Process Evaluation - Inst. & Elect. Cables - Heat Exchangers - Pressure Vessels - Safety Equipments - Speed Controllers

10. Logistics Inland & Overseas (Ocean & Air Freight) Inland & Overseas (Ocean & Air Freight) Warehousing Facilities (Transit and Mid Term) Warehousing Facilities (Transit and Mid Term) Export Packaging Export Packaging Export / Import Documentation Export / Import Documentation Custom Assistance Custom Assistance Insurances Insurances Expediting Services Expediting Services In line Logistics Control (Interactive Module) In line Logistics Control (Interactive Module) INCOTERMS 2000 INCOTERMS 2000 World Wide Agreements World Wide Agreements Special Handling (Per customer Request) Special Handling (Per customer Request)

11. Logistics (WW Services)

12. Director - Manager Procurement Coordinator Buyers Logistic Coordinator Warehousing Ocean & Air Freight Expediting & Inspection Short and Long Terms Planning & Control Reports and Control Technical Services Specialists Administrative Assistance Finance and Commercial PC Oil & Gas, Inc. – Organization Chart

14. Contact Information: Houston – Headquarter:Laredo: 1718 Fry Rd. Suite: 2402800 San Gabriel Houston, TX 77084Laredo, TX 78045 T: (281) 599-7025T: (956) 725-5615 F: (281) 398-0053F: (956) 725-9811 houston@pcoilandgas.comlaredo@pcoilandgas.com houston@pcoilandgas.comlaredo@pcoilandgas.com Miami:Panama: 6000 NW 97 Ave.Edif. Torre Las Americas Miami, FL 33178Torre A – Piso 21 T: (305) 471-0899 T: (507) 300-2460 F: (305) 471-0977F: (507) 300-2499 miami@pcoilandgas.companama@pcoilandgas.com miami@pcoilandgas.companama@pcoilandgas.com www.pcoilandgas.com