August 7, 2002

AMMONITE LAUNCHES

NEW DOWNSTREAM ADVISORY SERVICES

         Ammonite Resources has added capabilities and expertise in a broader area of the energy spectrum to complement its historical Upstream successes. This expanded capacity in dealing with energy issues brings an integrated approach to business challenges from planning to finding oil and gas to assessing the impacts of Greenhouse gas emissions. Ammonite's experience in processing technology, product markets and strategic planning offer you a fresh view using diverse energy expertise to address your opportunities, challenges and even the most intractable of problems. Ammonite's new downstream expert Bill McLeod (see June 27th announcement below) together with John Powell, have prepared the following summary of downstream  advisory services now offered by our firm.  

Technology Review & Development Planning including the Hydrogen Economy

     Billions of dollars are being spent on developing environmentally-friendly energy solutions including the emerging "Hydrogen Economy" in which technologies produce hydrogen and/or other energy transfer media to meet customer needs with less impact on our surroundings. With our broad process and engineering backgrounds we can review creative and innovative technologies and assess their technical and economic viability as well as point to the optimum target markets for achieving the returns required by investors.

Business Plan Development, Strategic and Tactical Plan Review and Assessment

     Working with your ideas and technology, we can develop business plans to market your products and services to customers, investors, and interested third parties. In addition, we can assess your strategies and plans and evaluate the validity of the assumptions and results at each level of build-up. We can also work with your team to develop the appropriate strategies to build your plan.

Climate Change Issues

     One of the "hottest" topics today is Global Climate Change. With experience in both calculation of greenhouse gas emissions and strategic responses to the issue, we can help you plan to address future regulations and make economically reasonable decisions at the appropriate time. When fully implemented, the Kyoto Accords will impact every aspect of the petroleum E&P business.

Capital Project Review and Analysis

     With our unique investment project development and review skills, we can increase the probability of success by evaluating the robustness of your project(s). Have you looked at all options? What marketplace sensitivities should be factored into the project review? What is the competitive situation?

Study of Crude Oil and Products Trading, Hedging and Option Plans; Supply/Demand Balance Analysis and Assessment

     Managing the balance of secure supply and optimum risk presents great challenges. Our extensive experience trading crude oil and products as well as oil futures and energy options ensure that our focused assistance brings the fiscal results that meet your objectives