your energy resource

partner Trade & Services

Tulcan Energy
Resources Limited

value . innovation . people

www.tulcanenergy.com
Introduction

Tulcan Energy Resources Ltd is an independent oil trading company

actively involved in the distribution of Petroleum products include
PMS, AGO, DPK, ATK, LPFO, LPG and other related hydrocarbons.

The company is involved in the full supply & trading of bulk oil
shipments via marine operations within the West African coastal
axis. Tulcan Energy Resources Limited under the Corporate Affairs
Commission registration was also empowered to carry out activities
in the areas of Exploration & Production. This is to enable us the
opportunity of creating a model business in the various segments of
Oil and Gas Industry outside the downstream activities being
currently engaged in by our Company.

The downstream oil trading market in Nigeria has grown over the last
few years and has much more potential for growth if the policies
being canvassed, such as full deregulation, are implemented. Unlike
in the past, Nigerian companies are playing larger roles and gaining
prominence in performance and growth in the competitive and
highly technical energy sector.

At TULCAN ENERGY RESOURCES LIMITED we understand that the

nature of our business requires highly developed Quality Control
Procedures and pro-active work instructions for all our scope of Vision
operations. These are applied in all instances; even when alternative To become a leader among energy companies in
controls are not specified by Clients. These procedures and Nigeria by delivering exceptional value through
instructions detail the sequence of activities required to accomplish innovation, diversification of business activities as
well as commitment to industry best practices. We
project objectives, assign responsibility for their performance and
are committed to remaining relevant in the dynamic
specify the records and documentation to be produced.
energy industry both local and international.

The Company’s quality objectives are to ensure that all operations

are properly planned and performed to achieve the required quality,
within budget and schedule requirements, without unnecessarily
stringent specifications in accordance with contractual and
regulatory requirements and performed correctly the first time to
ensure cost effectiveness and efficiency. Also, we aid the
development of Local content, by ensuring that we secure Mission
mentorship and training for human capacity alongside working with Ÿ Efficient and exceptional Services
local contractors on our projects where applicable. It is essential for Ÿ innovative Solutions
us as an indigenous company to assist in National development in Ÿ Quality Products

any area we can. Ÿ Development and Research

Ÿ Best Practices
Ÿ Adherence to core values and ideals
We are constantly building capacity, with the aim of operating
Ÿ Community and local content development
efficiently in diverse environments and deliver conveniently for our
clients. We constantly review the needs of our clients in order to
optimise our service accordingly. For us, the transfer of trust from
our clients is important for the overall progress of business.

Tulcan Energy
Resources Limited
 At Tulcan, we are laying a solid foundation with core values of
Honesty, Integrity and Hard work. Our experience and access
to International markets enable us add value at every level of
the supply chain - from the purchase of products to the
delivery of the goods to our customers. We have the technical
competence in oil trading, an in-depth knowledge of the local
industry and understand the political agility required for the
business.

We also encourage reasonable pricing for our business

activities, to facilitate the increasing volumes of trades. We
have very cordial relationship with Nigerian banks that have
track records in the financing of marginal fields. With the
above attributes, we believe we are well placed to take
advantage of the emerging opportunities and to continue to
provide exceptional services to our various customers.

Brief on Tulcan Energy Resources Ltd

The company was incorporated in Nigeria in June 3, 2011 as a

wholly owned indigenous company registered under the
Corporate Affairs Commission (RC 957754) Although, Tulcan
Energy Resources Limited as a legal entity is relatively new in
the upstream area of oil and gas business, our core technical
partners have been in the Oil and Gas business in various
capacities for several years, the experience we plan to share
and transfer to our indigenous employees.

Tulcan Energy Resources Limited as a Nigerian Trading

Company is unique because of its partnership with foreign
trading companies, whose core activities are crude oil and
product trading with a geographical emphasis on Africa,
We observe commitment to; Middle East and the Indian Ocean Islands.
- excellence in the delivery of products and services
Tulcan Energy Resources Limited trade cargos of refined
- the creation of work-friendly environment
petroleum products such as AGO, PMS, LPFO, ATK, DPK, LPG
- providing value on the investment of shareholders and lubricating Oil and Gas on a joint venture basis, sharing
- the sustenance of lasting relationship with customers profits. These cargos are sold to various traders and marketers
- operate within the confines of Government regulations in the downstream market on an STS basis.
- give back to the local communities
Also, Tulcan Energy Resources Limited on its own delivers
cargos to tanks, as specified by buyers which consist mainly of
Under the current corporate philosophy, Tulcan Energy Resources Major Marketers and some big independent marketers.
Ltd has been engineered to head towards a relentless pursuit of
excellence, as a means to bringing satisfaction to both existing and In the last 12 months, Tulcan Energy Resources Limited has
potential clients, laying special emphasis and genuine concerns to supplied over 150,000 Metric tonnes of Gasoline and Gas-oil
to the Nigerian Market. In some period, Tulcan Energy
business norms and ethics.
Resources Limited delivered over 50,000 MT of product to
Our philosophy reflects in PRICE shore tanks for its clients as can be seen below.

P ~ passion (dedication) We are currently in the process of building a bulk storage

R ~ responsibility (sense of duty) facility for petroleum products in Calabar, Cross Rivers State.
This will greatly enhance our capacity as a trading company.
I ~ innovation (exploring new frontiers)
C ~ care (empathy) In summary, Tulcan's areas of business focus are as follows.
E ~ excellence (distinction) -Term/Spot Contract purchase of Nigerian Crude Oil and semi

www.tulcanenergy.com
Services
Market Trend and Trade Feasibility -

Tulcan Energy Resources is a reputable Nigerian Oil and Gas company that

focuses on all aspects of the Oil sector such as the upstream, midstream and

downstream. Procurement and equipment leasing are viable and credible

ventures of our upstream services. We are recognised for our piping construction,

design and development, as well as efficient transportation of crude and storage.

It is inexorable to state that we are also swift with the supplies of petroleum

products to end-users such as PMS, DPK, AGO etc.

Marine Services and Equipment -

We are into the provision of Barges, Anchor Handling vessels, Tugboats, Crew

Boats and state-of-the-art supply vessels to provide specialized and general

services in support of operations in the oil industry. Such services include the

provision of survey Boats, Crew Boats, Work Boat, Chase Boats, and Diving

Support Boat. The company also specializes in ownership and operation of fast

support intervention vessels (FSIV) as the deep sea water extension of Nigeria Oil

exploration dictates the need for such vessels. Supporting the oil and gas industry

in the quest to find and develop new offshore energy resources. In addition to

transporting drilling materials, supplies and personnel to offshore facilities, we

move and position drilling structures. With a modern and technologically

advanced fleet, we provide a full range of services, even in the most difficult

environments.

Distribution Planning & Storage -

At Tulcan Energy, we have experts and consultants who can optimise business

operations using tactical planning tools for clients' entire supply chain. Goods and

products flow daily from supplier to manufacturer, manufacturer to distributor

and finally from distributor to customers. It is imperative to plan, implement and

control the efficient, effective flow and storage of goods, services, and related

information from their point of origin to the point of consumption for the

purpose of satisfying customer requirements.

Tulcan Energy
Resources Limited
Sourcing & Importation -
There is always the need to obtain some raw material and other products not locally
produced. Tulcan has the appropriate mechanisms to legally source for products and
services from the international markets leveraging on the working relationships with
its partners.

International Trade Administration -

With support from the appropriate agencies, Tulcan is involved in the promotion and
distribution of non-agricultural goods and merchandise, especially in international
markets.

Trucking
Tulcan Energy Resources has access to well-conditioned heavy-duty trucks, which are
readily available to transport products to every part of the country. These trucks have
sophisticated tracking systems which enables us gain information of their location at
any particular point in time.

Products and Services Feedback - We have the capability to deploy effective feedback
mechanisms to obtain clients' perception of our products and services. Our goal is to
keep all clients satisfied at all times, hence it is important to understand their needs
and expectations. This makes us the preferred choice for most clients.

Performance Assessment - At Tulcan, critical evaluations are carried out of both

products and services in a bid to offer better delivery and gain competitive market
advantage. Assessments are done to know where to 'plug the leaks' and optimise
business operations/control towards customer satisfaction.

Consultancy
Project Review - At Tulcan, we have well-trained staff who conduct skilled assessment
of the status of projects, both new and on-going, at any particular point in time. We
also offer professional advice to clients as regards the time, scope and cost of projects.
We firmly believe every stage in a project lifecycle is critical, from initiation to closing.
Our experts use sophisticated tools to track project deliverables, mitigate/control risks,
resolve any issues and ensure the project is running according to schedule.

Operations and Strategy - With extensive experience in the business environment,

Tulcan Energy is poised to help clients strike the balance between business strategy
and operations management thus enabling significant improvements in business
performance.

Business Development/Management - We, at Tulcan, believe business development is,

rather than a hodgepodge of hunches, ideas or feelings, a deliberate and strategic
process aimed at the creation of long-term value for clients and organizations as the
case may be. We take your ideas and incubate them, giving it lasting expressions. We
have what it takes to erect formidable structures from latent concepts/ideas. We nurse
business seeds to maturity. We call it Business Instinct.
www.tulcanenergy.com
To deliver quality and exceptional service to our customers through continuous
innovation and best practices thus maximizing value for our shareholders

Products
Automotive Gas Oil (AGO)
Automotive Gas Oil (AGO) also known as diesel is a complex mixture of hydrocarbons
produced by mixing fractions obtained from the distillation of crude oil with brand-
specific additives to improve performance. AGO is ideal for road vehicles (trucks, buses,
vans, and cars) powered by diesel engines. It can also be used to power generators.

Premium Motor Spirit (PMS)

Premium Motor Spirit (PMS) is one of the products of fractional distillation of
petroleum. PMS is mainly used as a fuel for light road vehicles (cars, motorbikes and
small vans).PMS (gasoline) or 'petrol' has a little different composition and chemical
characteristics which is used for the adulteration of the product.

Low Pour Fuel Oil (LPFO)

Low Pour Fuel Oil (LPFO) is one of the products in the fractional distillation of crude oil.
Fuel oil is used to run broilers in many industries especially textile and cement
manufacturing industries.

Dual Purpose Kerosene (DPK)

Dual Purpose Kerosene (DPK) kerosene is a very versatile product. When in a very pure
state and is used to power jet-engine aircraft (jet-fuel) and some rockets, it is known as
Aviation Turbine Kerosene (ATK). It is also used as a domestic fuel for lamps, stoves,
cookers, and the likes, when the product can be adapted for use for both purposes, it is
known as Dual Purpose Kerosene (DPK).

Liquified Petroleum Gas (LPG)

Liquified Petroleum Gas (LPG) is a gas liquefied by compression, consisting of flammable
hydrocarbons, as propane and butane.LPG is a flammable mixture of hydrocarbon gases
used as a fuel in heating appliances and vehicles, and increasingly replacing
chlorofluorocarbons as an aerosol propellant and a refrigerant to reduce damage to the
ozone lay.

Lubricating Oil and Greases

Lubricating Oil and Greases lubricating grease consists of base oil, performance additives
and a thickener which forms a matrix that retains the oil in a semisolid state. Most
grease thickeners are soaps, i.e. lithium, calcium, or aluminium soap. Grease is the most
widely used lubricant for roller bearings and low velocity applications.

Tulcan Energy
Resources Limited
Technical Competence

In our bid to offer exceptional services, TULCAN ENERGY has established strategic partnership/alliances with the

following companies:

We have a strong alliance with BHP Engineering & Construction, LP which was established in 1983 at Corpus Christi,

Texas. The Venezuela office was opened for business in 1990 followed with the Victoria office in 1992, Bayport

Alliance operation (2003), Lagos Nigeria office (2004), Houston Texas office (2010), Dubai UAE office (2010). There are

operation offices in Venezuela, the Philippines, Wyoming, New Jersey, Florida, Arizona, Ohio, Mexico, Equitorial

Guinea, Ghana etc. Annually, the company had been able to execute projects to the tune of USD 250MM, with the

majority of it in the upstream production, chemical, refining, power, military, metals and Municipalities.

The Philosophy of Our partners are:

-Provide Solutions

-Full Engineering Disciplines & Specialised Skills

-Fully Automated Design Capabilities

-Flat Organization - Task & Customer Oriented

-True Empowering of Employees

-Stable Staff offers known as Quality &Continuity

-Active Community Support

Among the typical projects executed by the company are the following:

-Oil and Gas Geology Study and Reserve Estimation

-Oil and Gas Field Development and Production Facilities

-Chemical Processing Facilities

-Food Grade Production Facilities

-Electrical Power Generation

-Bulk Chemical Storage Facilities

Tulcan Energy
Resources Limited
Other Partners include:

PENSPEN LIMITED
Penspen is a leading independent group of companies providing Studies, Engineering, Project
Management, Operations and Maintenance and Integrity services to the Oil and Gas Industry for
pipelines, transportation, storage and production facilities, both Onshore and Offshore. The Penspen
Group has provided engineering and management services to the oil and gas industry worldwide for
over 55 years. Penspen offers truly independent, best practice service. Penspen also provides a wide
range of Operations and Maintenance Services to oil and gas producing fields and platforms, storage
facilities, pipelines and pressure and flow measuring stations.

BARAN GROUP
The Baran Group Ltd. is a global provider of engineering, technology and construction solutions. The
Company offers fully integrated project services, from feasibility studies and planning, detailed
engineering, procurement, construction management, technology development up to complete
turnkey project and facility management. The Baran Group serves a broad range of markets through
five professional divisions: communications, industry, civil engineering, semiconductors and
technology and services.

JP KENNY
J P Kenny is one of the world's largest and most innovative pipeline and subsea engineering and
management contractors, with over 30 years' experience. J P Kenny's delivery success is based on
building and evolving expertise in core business areas and sustaining a proactive culture within
teams.

SIRIUS GROUP
Sirius Group is one of Africa's fastest growing energy groups with interests in oil and gas; power
generation, real estate, shipping, and financial services. Sirius Group is driven to provide excellent
products and services that break existing barriers in the sectors we operate in. Sirius has active trade
and service presence in sub-Saharan Africa. Sirius Group Nigeria carefully reviews challenges to
ensure that they provide informed energy support services and anticipate product and service
excellence that will adequately meet demand, budget and prevalent market trends. Sirius group is
one of the Africa fastest growing groups with oil and gas, power generation and shipping services
with active trade execution in sub-Saharan Africa.

CAKASA NIG. COMPANY LTD

Cakasa (Nigeria) Company Limited was incorporated in 1974 to provide engineering, procurement,
and construction (EPC) services to the Nigerian oil, gas, and industrial infrastructural clients. A
trailblazer in the country's oil and gas sector. Cakasa integrates and leverages the collective
intellectual capital of employees. Cakasa's has over 33 years of EPC expertise, promotes
collaboration and provides a systematic way to capture, share, and reuse the knowledge to provide
cost-effective, intelligent solutions in a timely manner.

ATTENTION ENERGY
Attention Energy is an independent energy company in Nigeria with interests in oil and gas, power
generation, real estate, shipping and financial services. Attention energy operates in the provision of
excellent products and services. Our partnership provides a relentless pursuit for excellence as
means to meet customer's requirement in chosen industries of operation.

INTERNATIONAL PARTNERS:

Penspen Limited (UK)

Baran Group (Isreal)
JP Kenny (USA)

Tulcan Energy
Resources Limited
TULCAN Energy Resources Limited has identified a number of specific
policies that are needed to ensure its success as an E&P company.
Considering the evolutionary nature of E&P business line, it is planned
that new policies and guidelines will be established as the organization
transforms from its current new entrant to a full operating company.

Our policies are based on a guiding principle deriving from a statement

of how we need to do the things right, in a sensible, achievable and
practical manner. Some aspects of our policies are inspirational in
nature, almost visionary. They define how we would like to be, and
how we aspire to be seen by all our stakeholders.

Health Safety & Environment

At Tulcan Energy Resources Limited, we have a firm belief in upholding
all company policies. We have enshrined these policies in all we do,
ranging from health and ethics to safety and security, as well as
community relations. We strive to render services of consistently high
quality and standards at all times.

At Tulcan, we maintain a cordial relationship with various host

communities as well as our immediate environs. We believe in giving
back to local communities, aiding development and harmonious co-
existence among people of different tribes and cultures. It is our policy
to promote and encourage awareness of and to preserve and protect
the environment.

We consult environmental quality control experts to conduct regular

environmental assessments. We vigorously pursue the safety of all
staff, inculcating accident prevention programmes and constant
security checks. Please find below our downloadable HSE Management
Plan.

www.tulcanenergy.com
Management

Adiatu Adeyemi
CEO - Mr. Adiatu's at various times demonstrated excellence in service delivery and
process management. He has a first degree in Industrial Chemistry and Masters in
Business Administration from LAUTech. He is also a member of the board of
directors of other companies in Nigeria

Larry Gbadebo
EXECUTIVE DIRECTOR - He has over 20 years experience in the downstream sector
of the Nigeria oil industry. During this time he has handled responsibilities that span
from operation, bridging, coordination to sales and marketing. He has Masters in
Business Administration in Management (Esut Business School, Lagos) and Masters
of Science in Political Science from the University of Lagos.

Dr Adebayo Chris
DIRECTOR - Dr Adebayo Chris is an astute businessman and an entrepreneur. His
vast business interest span from construction to Marine logistics and downstream
activities. He currently sits on the board of three companies that include Tulcan
Energy Resources Ltd

Josiah Samuel
DIRECTOR - He is the group managing director of COSCHARIS Group with over two
decades in top management position. He seats aboard other multinational
companies and his topnotch management disposition has distinguished him as a
lifetime achiever.

Tulcan Energy
Resources Limited
Correspondence

Megamound Buliding Suite 4,

14B Muri Okunola Street,
Victoria Island,
Lagos State - Nigeria

Tel: +234 (0) 1-8429432

Fax: +234 1 7307552

Mail: info@tulcanenergy.com

www.tulcanenergy.com