Corporate overview

ATI Petroleum Inc. (ATIP) is a member of ATI group, incorporated in the United States
with its Corporate Headquarters located at 142 Fairbanks Road, Oak Ridge, Tennessee,
USA 37830. ATIP’s Operations Office are located at 299 Trung Kinh Road, Cau Giay
District, Hanoi, Vietnam.

ATIP is an exploration management and Operations Company engaged in negotiating
and managing Production Sharing Contracts (PSC’s) for petroleum and other natural
resources. More specifically, the Company evaluates, performs and/or purchases
geological and geophysical data regarding prospective exploration sites throughout North
America, South East Asia and the African Continent. These sites may include offshore
prospects as well as onshore and the areas may be privately or government owned
properties.

The Company’s initial exploration project entails a Production Sharing Contract (PSC)
between the company and PetroVietnam (PV), for the exploration and production of oil &
gas in Blocks 102 and 106 in the Gulf of Tonkin.

• The Company signed this PSC on January 28, 2000 with an effective operations
date of February 28, 2000. The contracted area includes over 14,000 km2 of shallow
(less than 30 meters deep) offshore territory.

• As part of this PSC, The Company has inherited over 9200 km of 2 dimensional
seismic data and data reduction from past exploration activities conducted by
TOTAL, Idemitsu, and PetroVietnam exploration companies over the past 15 years.
Though this extensive data, the Company has ascertained 10 major oil and gas
prospects.

• On the 8th of January 2003, ATIP signed a “Farm-in” agreement with PETRONAS
Carigali Overseas SDN.BHD. Selling 50% to Petronas who becomes the Operator of
the project.

• On January 9th 2004, “Singapore Petroleum Company” (SPC) acquires from ATIP
10% of blocks 102 & 106 in a farm in Agreement registered with the Vietnam
Authorities.

• On May 17th 2005, SPC acquires an additional 10% participating interest in blocks
102 & 106, Vietnam Production Sharing Contract, consolidating its interest to 20% of
the said PSC.