INDUSTRY OVERVIEW In Nigeria, crude oil contributes about 80% of budgetary revenues for governments at all tiers. It accounts for a massive 90% of all the foreign exchange earnings and 36.5% of gross domestic product

(GDP).

Medium-term, the dependence on Oil and Gas is set to increase. Improved fiscal conditions and an off-shore exploration opportunity for the oil majors have all contributed to giving Nigeria’s deep offshore frontier the allure of one of the world’s most exciting prospecting region. However, the government is open to alternative funding.

The key players in this exciting prospect that Nigeria’s deep offshore offers are the oil majors, who control both production and services in the sector. Of the slightly over 2 million barrels per day (bpd) OPEC quota currently enjoyed by Nigeria, annual expenditure on the oil industry is USD 7-9 Billion of which local content is approximately USD 350-450 million. Hence the clamour for increased percentage of local content derivatives in the upstream sector of the Nigerian Oil and Gas industry.

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Drilling

At Oases Offshore we have provided our clients with quality foundation services using the most advanced equipment available teamed with unmatched professionalism. Our experienced engineers, drill crew and expert technicians are strategically located throughout West Africa, meaning someone is always available to discuss your project concerns. Oases Offshore Nigeria successfully completed both Manpower supply and drilling project for NPDC OML 119 Nigeria West Africa. Our highly trained and experienced crews insure that your project is completed safely and efficiently. Whether you require drilled shafts, auger cast piles, driven piles, or low clearance work, you can trust that Oases Offshore has the skill and experience to deliver on time and on budget. Oases Offshore is committed to providing high quality well construction services, which meet or exceed the needs of our customers and comply with the requirements of the Company.

The Company will manage systems and processes, which are designed to deliver value and prevent deficiencies in quality. Quality means:

The quality system will promote and maintain service quality and facilitate continuous improvement within each business process. All employees are responsible for quality of service to internal and external customers. All employees shall be familiar with and apply the policies and procedures of the Company

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Manpower Whether it’s a four hundred-worker ramp-up in three weeks or a four-hour, one-day assignment, no one does temporary / permanent staffing better than Oases Offshore Nigeria Limited Manpower.

Recognized as a global leader in the staffing industry and workforce solutions, Oases Manpower provides screened and tested temporary / permanent workers for technical and professional offshore rig work, financial and accounting, industrial and administrative positions.

We are currently providing Manpower services to Frontier Drilling Nigeria who is drilling offshore for the Nigerian Petroleum Development Company.

We have over 200 rig workers working offshore on a drill ship presently. To ensure that we will fulfill whatever your staffing needs may be, we carefully screen, test, and train each one of our candidates before sending them on assignment. We also provide them with a full benefits package.

Because we realize how exact staffing requirements are in today’s business environment, we cover every details to provide you with employees and services that will meet or exceed your performance standards. In fact, we are so confident in our ability to fulfill these requirements that we guarantee your satisfaction in writing.

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QUALIFIED MANPOWER SUPPLY OASES OFFSHORE NIGERIA and its affiliates has been operating successfully in Nigeria and West Africa for over two decades and is widely recognised and highly regarded as one of Nigeria’s leading consulting companies with activities covering diverse sectors of the economy.

Oases Offshore Nigeria Ltd is in the upstream service and support initiative in Oil and Gas industry, a sector that has been clearly identified, with the help of the local content policy thrust, as the most immediate opportunity for wealth creation and economic development in Nigeria. Oases Offshore Nigeria is fully dedicated to providing quality engineering, drafting and design services from conceptual, front end engineering design to detail design, and also providing construction management support services through the provision of manpower, local logistical support for green-field and or brown-field upstream projects.

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TEMP-TO-HIRE As staffing specialist, we’re well aware of the huge investment a company makes in its employees and how important it is to be absolutely certain a candidate will be the best possible fit before an offer is extended. In such situations, our “Temp-to-hire” arrangement provides you with a confident method of hiring new staff. As a Manpower-assigned employees, a candidate will work in the position for a designated period of time during which performance and fit can be assessed. If and when customers choose to hire the Manpower-assigned employee, they would then pay a temp-to-hire fee based on a percentage of the worker’s offered annual compensation. We feel strongly that there’s no better way to ensure that the candidate is the best possible person for the position. Using or temp-to-hire approach enables the Manpower-assigned employee to gain a working knowledge, not only of job duties and responsibilities, but also of the company’s culture and work environment. In cases where the fit is good, but additional training may be required, the Manpower-assigned employee can access any number of our free training programs to increase his or her knowledge base and consequent value to you, our customer. 5

PAYROLL

OUR PAYROLL

For Manpower customers, our Payroll service is extremely efficient and nearly effortless. The selected employees become our employees, our responsibility. All you need to do is approve the submitted hours for the duration of the employees’ assignments.

We’ll handle the payroll and related deductions, tax liabilities, benefits, insurance (including short-term disability, unemployment and workers’ compensation) as well as all employee issues. We’ll then send you a weekly invoice that will reflect a discount in our nominal staffing fee structure, because you’ve taken care of the recruiting process.

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DIRECT HIRE

Direct Hire

Recruitment is increasing costing businesses more time, more energy, and more money. Using Manpower’s Direct Hire services enable companies to significantly save on all three. We have the knowledge and resources to engage candidates, passive or active, in town or across the country, and to efficiently find those talented people who can help your business succeed.

Whatever the next addition to your regular staff may be, our recruiters can help you to identify those needs. First, by working closely with you to develop a thorough understanding of your open position(s), talent requirements and a work environment, and secondly by helping you select specific tools with which to build a hiring process that meets your particular requirements.

Manpower’s Direct Hire consultants manage the entire process-with your participation- so that both the client and the candidate achieve the end result as quickly and painlessly as possible. When you use Manpower’s Direct Hire, we do all the “heavy lifting.” We do the resume mining. We pay for Internet postings. We pre-screen candidates, using advanced technology. We assess candidates for abilities and soft- skills. We set up appointments and interviews. We test and perform background, education and reference checks. You don’t pay for anything, until we get results!

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OASES OFFSHORE NIGERIA LTD Oases Offshore Nigeria Limited (OONL) is the upstream Oil and Gas services entity of a consortium of local and offshore companies (Ocean Marine Security, Phil Nugent Nigeria Ltd and Resource Petro-Gas Nigeria Ltd) which aims to provide excellence in Marine Equipment Services, Engineering and Design services, Provision of Logistics and Manpower services with focus on optimizing local content value in Nigeria

Our Mission

“The provision of excellence for the execution of Engineering, Procurement and Construction projects in the Oil and Gas industry and selected sectors of Nigerian and West African economies”.

Strategy

Oases Offshore Nigeria Ltd aims to enter into strategic partnerships with qualified Drilling Contractors, Offshore Equipment Assets Owners and Operators in Worldwide to help in building the necessary institutional capacity for meaningful Local Content Development in the Oil & Gas Services and Marine Equipment Provision industry in Nigeria.

OONL, by securing the relevant partnerships with leading Engineering Service company such as Star Engineering Inc, in Houston, hopes to leverage on skills of its foreign alliances to develop the necessary competencies required to execute projects in the area of Engineering and Design to mention a few within the Nigerian Oil and Gas industry.

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OASES OFFSHORE NIGERIA LIMITED Competitive Advantages

Unique partnerships Global best practices Local talents Local knowledge High corporate governance standards Respect for local people, customs and the environment Network of contacts The company aims to play an active role in any joint venture and will contribute local resources as required for the Joint Venture or partnership.

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TRAINING TRAINING.

Our Training and Development Center (TDC) offers online access to more than 10 training courses. Each direct-hire employee retains free access to the TDC for six months post-hire, providing powerful on-the-job performance support.

For added value, we also offer complete Direct Hire Outsourcing solutions. By quickly and accurately locating the most appropriate new hires for either a department or a division of your entire organization, we are able to manage all or part of your hiring functions.

BEHAVIORAL INTERVIEWING.

We will help you identify a positions’s core competencies and build our interview around those selections so that, using our detailed interview summary, you will be able to make a more informed hiring decision.

ASSESSMENT.

Our in-depth understanding of your hiring needs helps us select and administer the appropriate ability and soft-skill assessments. These assessments provide both accurate and valuable information that demonstrates just how well a candidate will fit your position.

OASES OFFSHORE NIGERIA LIMITED The management and staff of Oases Offshore Nigeria Ltd (OONL) grew out of the United States and the Nigerian Oil and Gas industry, led by Mr. Peter Ize Okundaye, Mrs. Moji Okundaye, Miss. Denise Onu and Mr. Tom Meredith. The company is highly respected for integrity, and extensive knowledge of the local environment in the industry. OONL is able to project and forecast the expected trends which could be of great benefit to a new player in the upstream sector of the Nigerian Oil & Gas industry. The Nigerian Government is vigorously pursuing the agenda of increased local participation in the Oil and Gas sector of the economy. It is noteworthy that OONL is one of the proponents in this crusade and has a clear understanding of the expectations of the Government.

OONL’s capability in procurement activities has been widely acclaimed by the operators, following the recent relative ease of entrance with Withco Supply Co. into the valves, fittings, pipes and flanges procurement for major projects such as the Mobil Producing Nigeria’s EAP4 project, the Transglobal Ltd UK / Transglobal Project Inc (TGP) logistics service for Chevron’s Agbami materials movement and storage at the NACFA facilities at Apapa port, Nigeria, and local support, manpower provision and representation for TGP in Nigeria.

The recent modernisation of its office space in Lagos, Nigeria, the provision of dedicated high speed internet services, acquisition of up to date hardware and computers to enable a conforming working environment. Current discussions with a major construction group in the possibility of a joint venture relationship for a Construction and Fabrication yard inside the proposed Lagos Shore Base Support Port which will further strengthen the opportunities for Oases Offshore Nigeria to become a force to be reckoned with in fabrication and construction capacity in Nigeria.

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Oases Offshore Nigeria - Services Offered Drilling Services Provision of Manpower Provision of Marine Services Engineering Logistics Exploration & Production Supply Chain Management Consulting

Affiliated Companies Expertise Energy, Drilling, Transportation, Security, Front-end Engineering and Design. OASES OFFSHORE NIGERIA currently out sources

its engineering services to STAR ENGINEERING INC, H 13

OASES STAFFING We go beyond staffing to provide complete workforce solutions. As a strong Manpower provider of all generation staffing services, Manpower draws from unparalleled resources and expertise to offer you innovative, quality workforce solutions and provide you with incomparable value. Recruiting and Retention Vendor Management Online ordering Direct Talent Direct Hire HR services Staffing Resources e-time card Assessment services e-account system Outsource recruitment We have the resources to meet your needs at any level. Whether you’re a five-person firm or a Global 500 company, Oases Offshore Nigeria tLd can custom tailor a solution to meet your HR needs.

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CURRENT CHALLENGES Challenges Nigeria is without doubt a key industry ‘hot-spot’ and is likely to remain so for several years, given the scale of reserves being discovered in this rapidly emerging play. As a result, industry interest is expected to remain high. To support the scale of investment required for Oil and Gas operations in the country, a new entrant would need to establish a local office, an operating base, build an organization and learn how to conduct business successfully within the local commercial and governmental framework. Companies can take years to gain such an understanding of the

environment in which they are conducting business. Coupled with the large investment required to compete successfully, and the timescale involved, these challenges represent a formidable barrier to entry for those companies that do not have a strong local presence or partner.

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Oases Offshore Nigeria - Services Provided

The below are positions we are can fill up in less than 24 hours. We crew up for drilling companies both rig workers and base workers.

Ship Captain Drillers Assistant Drillers Derrick men Floor men Rig Electricians Deck Foremen Crane Operators Safety Officers Roustabouts Rig Mechanics Chief Mates 2G & 6G Welders Able Seamen Motormen Radio Operators Storekeepers Materials & Warehouse men Rig Engineers Second Engineers

THE PROPOSAL The purpose of this proposal is to enter into a strategic alliance to create value within the Industry for engineering and project management By this, we shall establish an appropriate working relationship that can pull and consolidate their respective resources and expertise, with a view to tapping the available projects in the Nigerian Oil and Gas Industry. Oases Offshore Nigeria Ltd is currently bidding on certain target driven projects such as provision of ROV’s, PSV’s and Diving Services for both drilling operations and offshore construction that requires the right alliances to bring the projects to reality. We aim to utilize a blend of the best local and world-class skills and technology available, as well as provide access to the required level of finance to deliver superior value to the Oil and Gas industry. OASES OFFSHORE NIGERIA AREAS OF INTEREST ENGINEERING AND PROJECT MANAGEMENT OFFSHORE AND LOCAL LOGISTICS SERVICES ONSHORE AND OFFSHORE CONSTRUCTION PROVISION OF MARINE SERVICES - VESSELS, LIFTBOATS, OFFSHORE DRILLING RIGS. PROVISION OF MANPOWER TO OPERATORS IN WEST AFRICA TURNKEY CONSTRUCTION

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PROFILE OF OASES OFFSHORE NIGERIA Relationships Oases Offshore Nigeria Nigeria Ltd believes in sustainable relationships, which are expected to grow and develop over the years. Oases Offshore Nigeria, a unit company within the Consortium, will thus seek to create a new generation of partnerships within West Africa, drawing from global industry best practices, while operating with high corporate governance

standards and showing respect for local people, cultures and the environment. Core Values Unique partnerships Leadership at all levels Respect for People “Can do Spirit” Passion for Excellence Integrity Job Ownership 18

MORE SERVICES Services Provided Oases Offshore Nigeria Ltd. provides Manpower supplies for Drilling and Production companies and also Administrative workers. Our services includes: Provision of personnel Safety training Salaries and Allowance, Payoff PAYE tax Workmen compensation and Personnel Liability insurance NSITF contribution Provision of Staffing Human Resource Person Secretary Receptionist PAYE Accountant Crew coordinator 19

 

Profile of the Chief Executive Mr. Peter I. Okundaye Mr. Okundaye is President and CEO, Oases Offshore Nigeria Ltd, and Phil Nugent Nigeria, Ltd. With over 20 years energy

related experience, Mr. Okundaye has developed various business opportunities both in Nigeria and United States for a wide range of energy firms including Marathon, Burlington Resources, Spinnaker Exploration (Hydro Gulf of Mexico), Famfa Nigeria Ltd, Hoslyn Oil & Gas Services, Conoco Dupont Nigeria and NDPHC / NIPP, the Government Power Generation groups in Nigeria.

From 1983 to 1990, Mr. Okundaye was Manager of Budget Pricing & Gas Pipeline Transportation for the SW market areas

at Columbia Gas Transmission Corp, Houston, Texas. Following that he established Common Resources Ltd in 1991, and provided oil & gas related consulting services to Famfa Nigeria Ltd, the Nigerian oil company holder of the deepwater block - Agbami (1 billion bbls ChevronTexaco discovery). Between 1993 to 1998, Mr. Okundaye co-founded Hoslyn Oil & Gas Nigeria, and was responsible for the $9m,

10,000 bpd Oziegbe oil production field for NNPC. In 1998, together with Mr. Phil Nugent he co-founded Phil Nugent Nigeria Ltd, to cater to the needs of various oil & gas consulting services in Nigeria and West Africa.

Between 2000 and 2001, the Phil Nugent Ltd Group consummated a consulting deal with the ERHC Energy Corp for the

Sao Tome / Nigeria Joint Development Zone (JDZ) in the Gulf of Guinea, in West Africa. The JDZ holds over 14 billion barrels in potential reserves. The Phil Nugent Group holds substantial position in ERHC Energy shares.

Mr. Okundaye as President of Phil Nugent Nigeria Ltd recently secured a twenty (20yr) year contract with

Niger Delta Power Holding Company to process up to 1bcf/day of pipeline fuel gas which could yield up to 45,000 barrels of day of mixed natural gas liquids and condensates in Nigeria for further export to USA.

Mr. Okundaye is married with three children.

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Office Locations Sugarland Texas: 10907 Wildcat Bridge Lane, Sugarland, TX 77478. Ph: 281-745-6363 Fax: 281-491-2129

Lagos Nigeria: 65 Ademola Crescent, GRA Ikeja, Lagos Nigeria. Ph: +234 7038551378, +2348032524200 Fax: +234-1-497-6927

Houston, Texas

Lagos, Nigeria

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