Marex Petroleum Corporation

A Texas (USA) corporation created in 1982. It is a privately held corporation with Robert G. Bertagne as its President and Michael G. Bertagne as its Senior Vice-President; both US citizens.

Green Star Energy Systems LLC

A Delaware (USA) corporation created to operate the power generation branch. Robert G. Bertagne is President and CEO, and Perry Taubman is Vice-President and Legal Counsel.

Etablissements Maurel & Prom (Paris, France)

The French partners of Marex in the Lavignolle concession (Marex 75%, M&P 25%, Marex operator). M&P are a limited partnership (Société en commandité). They produce over 12,000 BOPD from African and Caribbean properties and have assets in the 100 million dollar range. Profits for 2001 were 17 million Euros (US$ 20 million equivalent).

SELECTED TECHINICAL ASSETS & FINANCIAL RESERVES

French data: In the form of seismic data well and production data and various reports valued at US$1.4 million.

Mozambique channel: Seismic control (31,000 Km) and well data and report. Asset value: US$1.3 million.

Reserves: Marex maintains reserves in France for drilling a well to a depth of 2,500 meters (7,500 feet) in the Lavignolle permit. Estimated well cost: $4.0MM.

FINANCIAL POSITION

Marex is debt free and has the capital required to finance all the ventures in which we participate with our partners. As a privately held corporation operating worldwide the status of our finances is confidential. However, banking references can be furnished to selected partners and/or host governments as the need arises and upon signature of a confidentiality agreement.