ROHAM SPERLUS Co Iran Tehran Mollasadra St North

ROHAM SPERLUS Co. Iran, Tehran, Mollasadra St, North Shiraz Avenue, nomber 71, 3 rd Southern floor TEL: +98 -21 -88618355 -8 E-MAIL: Info@rohamsperlus. com 1

Company Introduction Roham Sperlus Company Ltd. since 20/1/2013 under 432300 in registering office has been approved in Tehran. 2

Company Introduction q. Members of Board Mr. Javad Adineh Zamen Jani as Managing Director Mr. Abdolrasoul Mirzaei as Administer of Faculty Mrs. Elnaz Razmmand as Sub Administer of Faculty 3

Roham Sites 4

Company Facilities 1 -Petroleum products produced directly from crude oil 2 -Technical staff with special expertise in upstream and downstream petroleum industries: Petroleum department, Mechanic department, Civil department 3 -Active agents with merchandising staff in seven countries: Iran, United Arab Emirates (UAE), Armenia, Turkey, China, Georgia and Iraq 4 -The ability of trade financially with other countries 5 -The ability to provide financial validation 6 -The provision of investment on research 5

Company Facilities 7 -Implementing business and trading services on sale and guarantees of goods 8 - sale and export and import total trading goods, 9 - opening an account and LC for company, 10 -clearance of goods from both internal and international customhouses, 11 -make contract with all legal and real persons, 12 -make branches and sending presents to in and out of country, 13 -borrowing and banks credits through out the currency and Rials from internal and external banks, 14 -cooperate in both international and internal and public and private tenders. 6

Company Facilities This company is active in merchandising the following commodities: - The various types of oxidized bitumen: 85 -100, 60 -70, 80 -100, 40 -50, 30 -50, 15 -90 - Cutback bitumen: MC 250 - The various types of petrochemical products - Granular urea - Cement - Sulfur - PVC - Granulated iron ore 7

Company Facilities It is possible for us to export products as follows: a) Direct payment using valid credit card. b) Valid letter of credit with a treaty validated for a period of 6 months. c) Cash against documents. d) Bank credit. 8

Membership in some Associations q The member of Iranian Oil, Gas & Petrochemical Products Exporters’ Association q The member of the Iran Chamber of Commerce, Industries, Mines & Agriculture q The member of the Iran Iraq Chamber of Commerce q The member of the Iran Armenia Chamber of Commerce q The member of the Iran Georgia Chamber of Commerce q The member of Bitumen Commission q The member of the Iran-Russia joint Chamber of Commerce 9

Selecting as One of the Best Iranian companies 10

Vision q Roham Sperlus Co. outlook (vision) Roham Sperlus Company tends to introduce the company to employees, customers, competitors, investigators and other related organizations according to its introductions and services as a popular company. The company is such a measuring scale that the other companies are compared to that. Creativity and group work and ability is very important to us. The outlook growth/alter Roham Sperlus company to a successful international and national producer within producing oil derivations like benzene, gasoil, vacuum bottom, liquid gas (LPG) … is in accordance with the needs of internal costumers, world business and Iran Oil Ministry’ Standard that perform services to inner and outer customers during 10 years 11

Mission q Roham Sperlus mission Roham Sperlus Company is extracting oil derivations. It is willing to produce and implement high quality production to customers. Roham Sperlus feels responsible for its shareholders’ financial outputs. It guarantees long time growth and is adhered to environment and society. Its mission is to make high quality and standard oil derivations to customers. Customers are satisfied by its production due to both quality and cost. The company warranted to do these to increase the quality and efficienc. 12

Roham Activities a) Downstream Activities 1 - Establishment of Refinery in Aras Free Zone with 2 phases. 2 - Export of Petroleum Products 3 - Establishment of Storage Tank in Bushehr Port. 4 - Purchasing 3 vessels for shipment. b) Upstream Activities 1 - Jet Drilling 2 - Representative of WWT International Co. (USA) 3 - Representative of Fracknowledge Co. (Canada) 13

Downstream Area Refinery Phase 1 14

Refinery Phase 1 - Introduction Subject: Producing Bitumen with a Capacity of 1000 tons per day 15

Refinery Phase 1 - Gantt Chart 16

Location of Refinery phase 1 Aras Free Zone Location of refinery 17

Refinery Phase (1) 18

Refinery Phase (1) 19

Refinery Phase 1 – Financial Parameters feasibility studies on the establishment of refinery (phase 1) subject nominal capacity actual capacity Number of employees Total Investment Fixed Investment Working Capital Return of Capital invest return rate establishment of a refinery (phase 1) 300000 tone per year 240000 tone ( 80% ) per year 70 $24, 133, 000 $11, 889, 000 $12, 244, 000 1. 5 (year) 51. 1% 20

Refinery Phase 1 – Sale Volume year 2016 2017 2018 2019 rate of sale(tone) bitumen 60 -70 bitumen 85 -100 84000 96000 108000 120000 21

Downstream Area Refinery Phase 2 22

Refinery Phase 2 : Introduction Different Petroleum Products with a Capacity of 25000 bbl of cured oil per day 23

Refinery Phase 2 – Financial Parameters feasibility studies on the establishment of refinery (phase 2) subject nominal capacity actual capacity Number of employees establishment of a refinery (phase 2) 25000 bbl of curd oil per day 20000 bbl of curd oil per day 110 Total Investment $62, 000 $12, 000 $50, 000 $ 348, 411, 903 24 (month) 47% Fixed Investment Working Capital Annual Sales Return of Capital invest return rate WWW. ROHAMSPERLUS. COM 24

Refinery Phase 2 : Production Volume Daily production (barrel) annually production (barrel) Product Name % of Gasoline %20. 75 4, 150 1, 245, 000 $ 87, 641, 775 diesel %28. 48 5, 696 1, 708, 800 $ 116, 292, 384 Residual %31. 12 6, 224 1, 867, 200 $ 71, 887, 200 LPG %17. 68 3, 536 1, 060, 800 $ 72, 590, 544 19, 606 5, 581, 800 $ 348, 411, 903 total Annual sales 25

Refinery Phase 2 26

Refinery Phase 2 : Gantt Chart 27

Downstream Area Storage Tank 28

Storage tanks q Conducting feasibility studies on the establishment of storage tanks with a capacity of 200000 tones located in Negin Island, the Port of Boushehr. In fact, the initial license to found those storage tanks has been issued by Ports & Maritime Organization. 29

Storage tanks feasibility studies on the establishment of storage tanks subject nominal capacity actual capacity Number of employees Total Investment Fixed Investment Working Capital Anuual sales Return of Capital invest return rate establishment of storage tanks 200000 tone 50% ( 100000 tone ) 26 $7, 034, 537 $6, 939, 836 $94, 701 $12, 000 7. 7 (month) 157% 30

Storage tanks type of storage tank bitumen diesel naphtha petroleum suchlike number of capacity(tone) tanks total (tone) 3 10, 000 30, 000 2 10, 000 20, 000 2 50, 000 100, 000 3 10, 000 31

Storage tanks - Gantt Chart 32

Downstream Area 3 Vessels 33

purchasing 3 vessels q Making the feasibility study of the purchasing 3 ships in order to carry various petroleum products 34

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purchasing 3 vessels q Conducting feasibility studies on purchasing three ships with a capacity of 13000 tones in total to transport petroleum products. 1 - One ship to carry the bulk bitumen with a capacity of 4000 tones 2 - One ship to transport other petroleum products with a capacity of 5000 tones 3 - One container ship with a capacity of 4000 tones 36

purchasing 3 vessels the feasibility study of the purchasing 3 ships in order to carry various petroleum products subject nominal capacity actual capacity Number of employees Total Investment Fixed Investment Working Capital Annual sales Return of Capital invest return rate purchasing 3 ships 13815225 tone 60% ( 828915 tone ) 135 $32, 013, 938 $29, 510, 031 $2, 503, 906 $33, 829, 750 2. 3 (year) 55. 53% 37

purchasing 3 vessels actual capacity (tone) nominal capacity (tone) 237, 659 396, 098 372, 300 Type of Ship(for carrying) row 5, 426 Petroleum products 1 620, 500 8, 500 Container 2 218, 956 364, 927 4, 999 Bitumen 3 828, 915 1, 381, 525 18, 925 Capacity (tone) total 38

Upstream Area Jet Drilling 39

Jet drilling technology q Being active in drilling industry as well as oil enhancement using state-of-the-art technologies which are exclusive to Roham Sperlus Co 40

Jet drilling technology q One of the most important performances of Radial Jet Drilling (RJD) is to raise the productivity index in oil& gas wells. This technology has adapted a unique approach so that it can be considered as a suitable and cost-effective one in comparison with other methods. In fact, RJD is based on high -pressure water, diesel or acid to be expelled through a highpressure hose and nozzle to penetrate into the target formation from 10 to 100 meters by creating holes with a diameter of 30 -50 millimeters in different directions solely during a few days 41

Jet drilling technology q Shagasnghai Witsun Jetdrill Enhancement Services Co. , Ltd. Is a professional company who provides technical services and solutions on radial jet drilling for oil field, gas field and CMB (Coal Bed Methane) field, well completion and increasing well production. The major business scopes include oil well , gas well and CBM well radial jet drilling, radial well development technical design and patented equipments manufacturing and sales. 42

Jet drilling technology q Since there is a strong engineering team in the upstream petroleum industry in this company respected the decision of the managing Board on 02. 28. 2015 the contract with China Witson , Roham Sperlus company act as sole agent of jet drilling services in Iran and transfer this technology in such difficult prohibition situation. 43

Jet drilling technology 44

Jet drilling technology 45

Jet drilling technology Cash Flow q schedule of RJD Job provided by Roham as Exclusive Agent of Witsun WWW. ROHAMSPERLUS. COM 46

Upstream Area Representative of WWT International (USA) 47

WWT International group q WWT International (WWT) group of companies is U. S. -headquartered one solving many of the challenges encountered in drilling, completion and intervention work. Roham Sperlus Co. is the exclusive agent of WWT in the territory of Iran to introduce two products of WWT as follows. • New sleeve design enhances torque and drag benefits. • Positive protection against casing and riser wear during drilling and completion operations. • Compatible with almost all drilling and completion fluids. • WWT SS 3 Protector design allows for open-hole applications. • Optimum operating performance range of 20 – 250 RPM. Reduced torque, drag, buckling, and whirl result in increased WOB and ROP, and less trips due to vibration and damage to downhole components. • Installation time per assembly: less than 1 minute. • Free, no-obligation, confidential torque, drag and wear analysis. • On/off-site technical support and direction 24/7. 48

WWT International group 49

WWT International group 50

WWT International group 51

Upstream Area Representative of Fracknowledge Co. (CANADA) 52

Fracknowledge q Maximum Efficient Rate of Recovery (MER) within IOR/EOR is one of necessities in petroleum industries. In co-operation with expert foreign companies and relying on domestic specialists, Roham Sperlus Co. is providing the following services to the clients 53

Fracknowledge We can provide you the following services in conventional acidizing as well as acid fracturing. . �Review the current acid testing procedure and suggest appropriate updates based on North American standards and current area operations �Support pre-job lab test verification, onsite evaluation, and quality control of wells of matrix acidizing and generate a summary report for the project �Research and identify new acid additives for matrix acidizing and acid fracturing �Research and identify alternative acid blends to hydrochloric acid (HCl) �Facilitate workshops and teach courses on acidizing and fracturing operations and engineering 54

Fracknowledge 55

Fracknowledge 56