Company Overview Maple Energy is an integrated independent energy company with assets and operations in Peru. It engages in numerous aspects of the energy industry, including (i) exploration and production of crude oil and natural gas, (ii) refining, marketing and the distribution of hydrocarbon products, and (iii) the development of an ethanol project. By utilising its strategic asset base, technical expertise, project management skills, and strong customer and government relationships, Maple Energy has established itself as one of Peru's leading integrated energy companies. Maple Energy's operations are conducted and revenues are generated through its wholly-owned subsidiaries. Maple's principal operations consist of the following: • Crude Oil Production. Operator and holder of 100% working interests in its crude-oil producing properties, Blocks 31-B, 31-D and 31-E • Refining, Marketing and Distribution Operations. Operator of the Pucallpa Refinery and Sales Plant, which has capacity to refine up to (i) 3,400 barrels per day of crude oil producing Residual 5 fuel oil, (ii) 3,000 barrels per day of crude oil producing Residual 6 fuel oil or (iii) 4,100 barrels per day of natural gasolines. This plant also includes sales and distribution operations in the central Peruvian jungle, central Peruvian highlands and Lima regions • Ethanol Project. Project developer and major shareholder in an estimated US$ 254 million ethanol project located in the Piura Region on the northwest coast of Peru • Oil and Gas Exploration. Significant exploration opportunities through a: - 100% working interest in Block 31-E, containing the San Roque and Cashiboya Deep prospects and and the new shale gas opportunity; and - 33.77% working interest in the Aguaytía Deep Prospect in Block 31-C For the year ended 31 December 2008, on a consolidated basis, Maple Energy generated revenue of approximately $ 95.3 million. Since beginning activities in Peru in 1992, Maple Energy's management and operational team has established a successful track record through commissioning and successfully operating various energy projects, including the development and operation of the Aguaytía Project, the operation of the Pucallpa Refinery and Sales Plant, and the successful production of crude oil and natural gas from certain of its existing leasehold interests. Maple Energy continues to seek opportunistic and strategic growth opportunities to expand its presence in the Peruvian energy sector as evidenced by its ongoing exploration activities and the development of the Ethanol Project.