VISION 2009 – 2014

LIQUEFIED PETROLEUM GAS (LPG) PROCESSING, SALES AND DISTRIBUTION PROJECT

OUR OBJECTIVE

Almoner will have a global presence and will be recognized as the Nigerian premier independent LPG Marketing and production company, through partnering with indigenous companies and governments on Liquefied Petroleum Gas Processing, Sales and Distribution and to provide qualitative and quantitative services marched with excellence with the World existing Afren and the Eon-ruhrgas of Germany - the World Energy Services Provideras well as equipments from TechModular Inc, Miami and cylinder production plant from Ragasco in Norway; using International Network for the development of Nigerian economy.

THE LPG PROCESSING PROJECT

The business plan is based on a simple concept, which states:

• That the consortium Companies will stop flared Gas.
• Gather into Central Processing Facility (CPF) or storage according to Nigerian Government’s
Gas Master plan through a pipe line network.
• The Gas shall be processed by ALMONER PETROLEUM & GAS LIMITED as a secondary indigenous partner in the consortium.
• Sells the END PRODUCTS which include:

• Refined and processed Liquefied Petroleum Gas – LPG for Commercial Bottling.
• Lean Gas for Electricity and Co-Power Generation
• Condensates -5+ Liquid Light Naphtha for sale as Gasoline blend stock or Gas to Liquid
• Base Feedstock for the Plastic Industries
• As well as Solvents for the Paint and Chemical Industries.

We are currently in the process of fulfilling the relevant Government’s requirements on permits after the project was presented to the Honourable Minister of State for Energy, Gas of the Federal Republic of Nigeria, on the 12th of February 2008 for an application to obtain:

• CONCEPTUAL APPROVAL
• APPROVAL TO CONSTRUCT AND
• A LICENSE TO OPERATE
• A 5 million standard cubic feet per day (mmscf/d) Integrated Liquefied Petroleum Gas (LPG) Processing
• Multi National LPG Commercial Bottling Plants for Distribution
• Co-Generation Power Back-up Plants in Nigeria.

Conceptual Studies Presentation with the Ministry Of petroleum Resources (DPR) for the Conceptual and other approvals are ongoing, while Government other due process is also being taking into consideration.

EXECUTIVE SUMMARY

A project report has been prepared for presentation to the Petroleum Resources Directorate (DPR) of the Ministry of Petroleum Resources for an application to obtain a Conceptual Approval, Approval to Construct and a License to operate a multiple 5 million standard cubic feet per day (mmscf/d) Natural Gas Gathering and LPG Processing Plant capacity, Custom-designed LPG Processing Plant to be located in the South Eastern Nigeria of the Central Processing Facility. The project shall be known as THE ALMONER LPG PROJECT.

A project Report has been prepared which addresses the initial requirements of Petroleum Resources Department (DPR) of the Ministry of Petroleum Resources to grant Almoner Petroleum & Gas Limited (APG) approval to submit a preliminary feasibility study and make an application for the granting of a Production license to operate a brand new multiple 5 million standard cubic feet per day (mmscf/d) Natural Gas Gathering and LPG Processing Plant capacity, Custom-designed LPG Production Plant at a chosen site in the South Eastern Nigeria of the Central Processing Facility (the Eongas and Afren location for feed). The project shall be known as THE ALMONER LPG PROJECT.

THE LPG PROJECT will consist of a brand new 5 million standard cubic feet per day (mmscf/d) Natural Gas Processing Plant to produce a Liquefied Petroleum Gas (LPG), LPG storage facility for feed and Marine LPG Tankers (for WET GAS EXPORT) at the chosen site in South Eastern Nigeria as well as LPG

A project Development business plan is presented herein which provides a steady income stream from the day Almoner receives an approval from DPR and up until the day the Processing Plant is commissioned and License to operate.

It is also anticipated that the DPR would assist in obtaining from the Ministry of Petroleum Resources, LPG allocation for local distribution and approve the business conceptual plan designed for achieving the objectives of this project. Almoner intends to start retailing LPG to consumers where payment will be made in Naira and effective at the point of sale in Nigeria, that is on “cash and carry” basis.

Almoner project capitalization strategy provides a fully funded Natural Gas Processing Project without needs for Sovereign Guarantee but Political risk Insurance may be required. A Natural Gas Processing Plant cost is estimated at between US$ 300,000,000 and US$ 500, 000, 000 depending on the feed location for Units of a brand new 5 million standard cubic feet per day (mmscf/d) Natural Gas Processing Plant, Custom-designed LPGas Production Units. This will give a product slate of:

• Refined and processed Liquefied Petroleum Gas – LPG for Commercial Bottling
• Lean Gas for Electricity and Co-Power Generation
• Condensates -5+ Liquid Light Naphtha for sale as Gasoline blend stock, Base Feedstock for the Plastic Industry and Solvents for the Paint and Chemical Industries and make profit while carrying out these functions.

The major coverage areas in the Niger-Delta are the Calabar water ways and Creeks. However, this report concentrates its efforts in winning over DPR to agree to some good locations of our choice in the field data gathering and Environmental analysis in our Scope of Work.


GAS GATHERING AND PROCESSING PLANT

Procurement, Construction, Testing and Commissioning of 5 million standard cubic feet per day (mmscf/d) LPG Processing Plant. It will have capacity to produce LPG for commercial bottling and Lean Gas suitable for use in power generation. The Plant is expected to be skid mounted and come complete with Liquid Recovery, Field Compression Systems, Control Panel, LPG Storage, Power Generation and Pre-Engineered Control Building, etc.

The plant will be capable of gathering Raw Natural Gas being flared from wellheads / flare-heads and piped into a holding tank. The Gas will then be processed to remove impurities and separated into components such as Propane and Butane as shown below.