Confidential

PRE FEASIBILITY STUDY for 60000 M TON PER ANNUM LPG BOTTLING PLANT SETUP, MARKETING & DISTRIBUITION BUSINESS

Oriental Energy Ltd.

September 26, 2012

DISCLAIMER The purpose and scope of this information memorandum is to introduce the subject matter and provide a general idea and information on the said area. All the material included in this document is based on data/information gathered from various sources and is based on certain assumptions. Although, due care and diligence has been taken to compile this document, the contained information may vary due to any change in any of the concerned factors, and the actual results may differ substantially from the presented information. The prospective user of this memorandum is encouraged to carry out his own due diligence and gather any information he considers necessary for making an informed decision.

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EXECUTIVE SUMMARY The government will encourage consumption of liquefied petroleum gas (LPG) instead of piped natural gas to ease the mounting gas crisis across the country. The energy ministry has already asked the LPG firms to increase their import of LPG to meet the gross mismatch between the demands for, supply of, piped gas, especially in households for cooking and light engineering workshops. The government decision to encourage LPG use has come at a time when gas crisis turned acute and the urban residents are struggling for cooking due to insufficient gas supplies and drastic fall in gas pressure. To cope with severe gas crisis the government has stopped giving new gas connections for over a year. Under the present context there is no alternative to encourage LPG use as gas pressure is falling sharply due to rapid growth of consumers; present gas pipeline infrastructure is not adequate to supply sufficient gas to the consumers. Country's gas pipeline infrastructure was built at a time when the consumer base was very low. Since then gas pipelines were not expanded to feed the consumers with additional gas. Officials said the government is also actively considering reduction of duties and taxes on import of LPG and LPG cylinders to boost import and expand its use to ease the mounting gas crisis. At present the private importers have to pay 24.12 per cent import duty that includes - five per cent customs duty, 15 percent value added tax, three per cent advance income tax (AIT) , 2.25 percent ATV and one per cent preshipment inspection (PSI) charge - to import LPG cylinders. This import duty has been reduced to around 12% very recent government announcements. The import duty on LPG is around 12 percent, which includes five per cent customs duty, three per cent AIT , 2.25 percent ATV and one per cent PSI charge. Currently the country consumes around 100,000 tons of LPG every year, mostly by the urban people in district towns and light engineering workshops. The state-owned LPG producer supplies 20 per cent of the market need and private players import the remaining 80 per cent. LPG marketing in Bangladesh was pioneered by state-owned Bangladesh Petroleum Corporation (BPC) in the late 1970s, but with the increasing demand in the mid-1990s the government allowed LPG imports and permitted private entrepreneurs to invest in LPG import, storage and bottling facilities.

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BPC's subsidiary, Eastern Refinery Ltd and natural gas fractionation plant at Kailashtila in Sylhet are the source of indigenous availability of LPG in Bangladesh from where the combined output is around 20,000 tons per annum. Anticipating huge LPG market in the country, several multinationals including leading local companies came forward and made investments in the import facilities, storage tanks and bottling plants during 1999 and 2001. A number of private firms are now engaged in marketing of LPG in Bangladesh that include Totalgaz, Bashundhara, Kleenheat, Jamuna Spacetech and BOC. The country has around 2.0 million domestic gas consumers in respect to 35 million households who consume around 10 per cent of the total gas production and the annual growth rate of this consumption is also 10 per cent (Petrobangla). If the piped natural gas, now being consumed in households, could be diverted to LPG form the government could generate around 2,000 megawatts of electricity out of the conserved gas, a Petrobangla study revealed. At present electricity generation of around 800 mw is being hampered mainly due to gas crisis. Besides, a number of industries are now out of operation due to gas supply shortfall. The country now produces around 1,980 million cubic feet per day (mmcfd) of gas against the demand for over 2,500 mmcfd. Market demand and Government initiatives for setting new LPG plants are highly encouraging. Oriental Energy Limited a private limited company with professionals, strong local marketing and financial base has taken initiative to set up this 30000 M Tons per Annam LPG Bottling plant in Bangladesh.

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PROJECT PROFILE OPPORTUNITY RATIONALE Currently out of 35 million households in Bangladesh, 02 million are connected to natural gas network and the rest are relying on LPG and conventional fuels like coal, firewood, kerosene, etc, which indicate the strong demand for Liquefied Petroleum Gas (LPG) sector. Liquefied Petroleum Gas (LPG) is used as fuel for cooking and heating in some of the garments and textile sectors in Bangladesh. It is also used as fuel in vehicles particularly automobiles in some of the parts in Khulna, Rajshahi areas. Although demand of LPG is persistent throughout the year, supply of LPG from producers (or importers) to distributors and marketing companies has been limited due to import shortfalls, maintenance and overhauling shutdowns, which often creates shortages. Besides that, LPG producers are also limited in numbers and LPG marketing companies need to have a quota of gas to be allocated by the producer. This factor makes LPG business vulnerable in the hands of LPG producers. LPG (Liquefied Petroleum Gas) is the generic name for commercial propane and commercial butane. These are hydrocarbon products produced by the oil and gas industries. Commercial Propane predominantly consists of hydrocarbons containing three carbon atoms, mainly propane (C3H8). Commercial Butane predominantly consists of hydrocarbons containing four carbon atoms, mainly n- and iso butanes (C4H10). They have the special property of becoming liquid at atmospheric temperature if moderately compressed, and reverting to gases when the pressure is sufficiently reduced. Advantage is taken of this property to transport and store these products in the liquid state, in which they are roughly 250 times as dense as they are when gases. LPG has a higher calorific value (94 MJ/m3 equivalent to 26.1kWh/m) than natural gas (methane) (38 MJ/m3 equivalent to 10.6 kWh/m3), which means that LPG cannot simply be substituted for natural gas. In order to allow the use of the same burner controls and to provide for similar combustion characteristics, LPG can be mixed with air to produce a synthetic natural gas (SNG) that can be easily substituted. LPG/air mixing ratios average 60/40, though this is widely variable based on the gases making up the LPG. The method for determining the mixing ratios is by calculating the Wobbe index of the mix. Gases having the same Wobbe index are held to be interchangeable.

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PRESENT CONSUMPTION At present 10 million LPG Cylinder are being consumed by people all over Bangladesh yearly. The total production of local LPG bottling companies is being sold fully every month and there is no closing stock of LPG cylinder. The Government rate per LPG cylinder is 750 Taka but because of increasing demand, the market rate is 1300-1500 taka that the people have to buy LPG cylinder. PRESENT DEMAND AND PRODUCTION The present demand of LPG is 200,000 MT per year in Bangladesh. Two local LPG Plants kailashtilla LPG plant and Eastern refinery, Chittagong from where 20,000 MT LPG obtained and rest 80,000 MT depends on import and bottled by 4 (Four) private LPG companies. The name of 4 (Four) Private LPG company The LP Gas Ltd 20000 M Ton Koilashtila LPG plant 7000 M Ton Bashundhara LP Gas Ltd 36000 M Ton Wesfarmers Kleenheat Elpiji Ltd. 30000 M ton Jamuna Spacetech Joint Venture Ltd. 12000 M Ton Premier L.P. Gas Ltd. (Totalgaz) 30000 M Ton BOC Bangladesh Ltd. LPG cylinder manufacturer T. K. Gas & Gas Cylinder Ltd. Basundhara Steel Ltd. Jamuna spacetek joint venture ltd and Sunderban industrial complex ltd. Expecting lpg companies coming in the market MJL Bangladesh Ltd. 100000 M Ton Orion Lpg Ltd. 30000 M Ton BPC 100000 M Ton License received 22 units and no one on process overall shortage of LPG 100,000 MT per year in Bangladesh at present demand but expecting 20% market growth lead to 0.5 million within 02 years time. 10 million Cylinder consumed all over the Bangladesh per year Public companies produced: 2.1 million cylinders per year and private companies produced 6.4 million cylinders.

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GROWING DEMAND In Bangladesh present per capita income $ 692.00 which is increasing at 11.24% yearly basis (source: Bangladesh bank report). Presently people who uses wood or kerosene in urban area, their family consists of 8-10 members, they use wood within the range of 185 kg and in taka 7 taka per kg . The total comes out 185 x 7 = Tk. 1300 (approx.) and kerosene uses 1.5 kg per day and in 30 days =4 5 kg and the total comes out in taka = 45 x 40 = Tk. 1800. The people use kerosene and wood in home uses very hassle and it uses arise fume and pollute environment. In this reason people can use LPG easily and two numbers of LPG cylinders requires in a month. The two numbers of LPG cylinder cost Taka (1100 x 2) = 2200 in a month. The uses of LPG is very convenient as it doesnt produce fumes and it is environment friendly overall and hassle free. So urban people frequently using LPG thus the number of user is increasing day by day. Also sub urban people and Upazila upper income group uses LPG regularly. TRANSPORTATION The road in villages and urban area is being developed day by day. Vehicles can easily go and out among these village and urban area. So transportation of LPG cylinder from plant to urban and village can easily distributed everywhere in Bangladesh. In Bangladesh there are many rivers and canals, so LPG can be transported and distributed easily by river all over the country. GAS RESEREVE & CONSUMPTION - the shortage of house hold energy In Bangladesh there are huge gas shortage is viewed and the life style as well as per capita income of people is growing day by day, therefore LPG is environment friendly energy fuel and people are getting dependable now-adays. There are four companies in private sector are dominating the LPG field in Bangladesh but their supply is not sufficient (only fill up the one fourth of total demand) TOTAL GAS RESERVE - yearly gas consumption Gas reserve recoverable (Probable + probed) = 20.632 TCF Gas production from since exploration = 7.124 TCF Net remaining recoverable gas reserve = 13.507 TCF 2006-2007 yearly gas production and sales = 0.562 TCF Presently per day production = 1980 million cubic feet Shortage 400-500 million cubic feet all over the country

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PROJECT BRIEF

LPG production is a capital intensive business and requires huge investment depending upon the technology and methodology employed for the extraction and processing of LPG. However, LPG Marketing and distribution needs comparatively less investment and can be considered by the Small and Medium scale investors. The proposed project envisages setting up of a LPG Bottling plant, marketing and distributing company which is generally known as LPG
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bottling plant business. LPG marketing and distribution business will setup a bottling plant with storage tanks and filling dispensers. The business facility will hold a 60,000 M Tons of LPG bottling, marketing and distribution from 0,000 imported LPG. MARKET ENTRY TIMING There is specific time for setting up LPG bottling plant, start marketing and distributing activities after receiving license from energy regulatory commission. PROPOSED BUSINESS LEGAL STATUS GAL The legal status of business tends to play an important role in any setup; the proposed LPG bottling, Marketing and Distribution business is assumed to operate on as a private limited company. It is mandatory for an oil or gas company to register as a private limited company. er PROPOSED BOTTLING PLANT & DISTRIBUTION CAPACITY

The capacity of the proposed LPG storage and distribution facilities would be around 1,500 X 2 = 3,000 M Ton, whereas, filling capacity would be about 160 Ton, ton per day (based on 12 hours shift).

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Plant Capacity: 60,000 MT/Year: 60,00,000 Cyl. (12.0 Kg)/Single Shift/Year. Bottling Capacity/Month: 6,000 MT/Single Shift Bottling Capacity/Day: 16,000 Cylinders (12.0 Kg)/Single Shift Products: Bottled and Bulk LP Gas in different pack sizes as:

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Domestic Fuel: Normal Size: 12.0/12.5 Kg/Cylinder, Small Size: 5.0/5.5 Kg/Cylinder, Commercial Fuel: Medium Size: 24.0/25.0 Kg/Cylinder, Kg/Cylinder, b) Large Size: 33.0/40.0/50.0

Bulk Fuel: 8.0/10.0/15.0/20.0 MT LPG in Bulk Tank which would be located at Industrial Clients premises that may be used as LPG Generator Fuel, Gas Cutting Fuel, at some authorized Oil Filling Stations for their Mini Filling Unit and at some multi-storied Apartments for colony fuel etc.

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Portable Mini Filling Station: Specially for Domestic Cylinders, there would have some LPG Road Tanker (Lorry Mounted Bulk LPG) fitted with Filling Machines on board which would stop at some major demanding locations to facilitate from the Clients from their nearest points. Other Products: International Standard Brand Insecticidal Aerosol, Air Freshener, Body Spray, Fragrant etc. PLANT LOCATION

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Location for setting up LPG bottling & distribution plant at Dangarchar Near Anwar UZ Chittagong river bank of Karnaphuli . This locations has basic infrastructure and facilities required for LPG bottling and distribution plant. LPG Terminal Plant: The company has its own 10.0 Acres commercial Plot with LPG Import floating terminal and 3,000 MT bulk LPG Storage Capacity Storage Tanks. This would be a major import based LPG Terminal in Bangladesh. Depending on the variable international oil market condition, bulk LPG would be imported in 2,500 MT parcel LPG Tanker Vessel mainly from some Asian countries like Malaysia, Indonesia, Singapore, UAE, KSA etc. The LPG Filling Plant would be of European Origin with the latest computer controlled digital technology which would ensure 100% accurate and safe operations. The Plant would be designed, constructed and commissioned as per the latest version international standards. To execute, maintain and operate the plant as per design, there is an efficient management professional team having long experiences at home and abroad. The Plant construction, testing and commissioning is expected to be completed within September 2013 and would start marketing by December 2013. PROJECT COST Total project cost of the LPG Marketing & Distribution business would be approximately USD 24.70 million. Out of this, capital cost of the project is around USD 21.10 Million and remaining will be the working capital. PROJECT INVESTMENT A total of USD 24.70 Million will be required to setup and operate the proposed LPG BOTTLING, Marketing and Distribution business. SECTOR & INDUSTRY ANALYSIS LPG is a derivative of two large energy industries: natural gas processing and crude oil refining. When natural gas is extracted from the earth, it is a mixture of several gases and liquids. Methane, which is sold by gas utilities as natural gas constitutes about 90 percent of this mixture. Of the remaining 10 percent, 5 percent is propane and 5 percent is other gases such as butane and ethane. Before natural gas can be transported or used, the LP Gases (which are slightly heavier than methane, the major component of natural gas) are separated out. Depending on the wetness of a producing gas field, gas liquids generally contain 1%-3% of the unprocessed gas stream. Some LP Gases are also trapped in crude oil. In order to stabilize the crude oil for pipeline or tanker distribution, these associated or natural gases are further processed into LP Gas. Worldwide, gas processing is a source of approximately 60% of LP Gas
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produced. In crude oil refining, the LP Gases are the first products produced on the way to making the heavier fuels such as diesel, jet fuel, fuel oil, and gasoline. Roughly 3% of a typical barrel of crude oil is refined into LP Gas although as much as 40% of a barrel could be converted into LP Gas. Worldwide, crude oil refining is the source for the other 40% of LP Gas supplies although the ratio between gas processing and refining varies among regions. LP Gas production from these sources is a natural derivative. That means production of LP Gas is assured since the primary motive for gas processors and refiners is to produce fuels other than LP Gas but first the LP Gases are produced. Although tied to the production of natural gas and crude oil, LP Gas has its own distinct marketing advantages and can perform nearly every fuel function of the primary fuels from which it is derived. SECTOR CHARACTERISTICS AND OVERIEW LP Gas can be transported, stored, and used virtually anywhere in the world. It does not require a fixed network and does not deteriorate over time. LP Gas is very clean burning and has lower greenhouse gas emissions than any other fossil fuel when measured on a total fuel cycle. Originating mainly from natural gas production, it is also non-toxic and will not contaminate soil or aquifers in the event of a leak. LP Gas is cost-effective, since a high proportion of its energy content is converted into heat. LP Gas can be up to five times more efficient than traditional fuels, resulting in less energy wastage and better use of energy resources. LP Gas is a multi-purpose energy. There are more than a thousand applications, from cooking, heating, air conditioning and transportation, to cigarette lighters and even the Olympic torch. INVESTMENT OPPORTUNITY IN THIS SECTOR This policy aims at increasing LPG supplies, streamlining its distribution at affordable prices, especially to LPG starved areas of the country and promoting healthy competition or growth of LPG market while ensuring minimum safety standards across the Liquefied Petroleum Gas supply chain. To achieve this goal, issues regarding LPG production, LPG licensing, safety standards, pricing, distribution in under developed areas and import of LPG have been addressed in this policy. Prior to the announcement of the above policy, there has been a shortage of LPG particularly during winter when most of the oil refineries shutdown their LPG production operations for annual maintenance. Most of the refineries had a practice to close LPG production at the same time which resulted in severe shortage leading to a consequential increase in price. In order to avoid such situations, now it is mandatory for the oil refineries to announce a schedule of maintenance ensuring a certain level of LPG supply to the market.

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Natural gas pipe lines

LPG LICENSING Any company willing to bottling, distribute and market Oil and Gas needs to obtain a license from Bangladesh Energy Regulatory Commission (need clearance from energy ministry, BPC, explosive department, environment department etc. ) proposed LPG marketing and distribution business. PRODUCT PRICING During the study of LPG industry, it was observed that product price for LPG determined by BPC and Private LPG companies. Usually BPC price stable and private LPG price change in context to LPG international price. DEMAND Khulna, Rajshahi and Barishal division, rural and sub urban areas and where natural gas connection not established use LPG as their cooking fuel, Auto gas. Small and medium industries use LPG in boiler for heating requirements. ENVIRONMENTAL AND PROTECTIONS ASPECTS LPG is much cleaner than diesel. The dirty black smoke that we see coming from diesel vehicles is particulates a known cause of sickness and deaths. By
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replacing a diesel engine with an LPG powered equivalent, over 90 percent of this particulate matter can be eliminated. LPG powered vehicles emit significantly fewer greenhouse gases and other pollutants than petrol-powered equivalents. LPG typically has around 20 per cent less ozone forming potential (a measure of the tendency to generate photochemical smog),between 10 and 15 per cent lower greenhouse gas emissions and only one fifth air toxics emissions. LPG delivers clear environmental benefits over diesel and petrol. Recent independent automotive tests submitted to the Department for Transport have shown that LPG emits: 120 times less particulate matter compared to diesel; less than half the NOs of petrol and less than one twentieth the NOs of diesel; and 17 per cent less CO2 compared to petrol and 2 per cent less CO2 compared to diesel, on a well to wheel basis LPGs impact on the environment in the unlikely event of a spillage is minimal as propane is lighter than water. It therefore readily disperses without combustion and with no contamination of water courses or surrounding land unlike petrol or diesel where spillage is a major environmental concern.

PRODUCT/PROJECT STANDARDS AND COMPLIENCE ISSUES Rules and regulations which govern any explosive material also apply on LPG. Its transportation, storage, construction of storage facility, filling of cylinders and their transportation, etc. all need to be carried out according to the standards and specifications provided by the explosive department, government of Bangladesh. For LPG business, a license will be required from explosive department of the concerned area. MARKET INFORMATION Currently there are 07 LPG bottling, marketing and distribution companies operating in Bangladesh. Among them 02 are public owned company and rest 05 are private owned. 2.1 million LPG cylinders sold by public companies and 7.9 million by private companies.

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PRODUCTION PROCESS OF LPG There are three methods for the production of LPG: Extracted from natural gas: By product of Oil refining process: Produced during Oil refining process.

However, it should be noted that from natural gas, LPG can only be extracted from the points where propane and butane is mixed with the natural gas in certain quantity. In the following lines production/extraction process of LPG from natural gas has been elaborated. The patented AET Process LPG Recovery Unit technology utilizes non-cryogenic absorption to recover C2+ or C3+ natural gas liquids (LPGs) from natural gas streams. The absorbed LPGs in the rich solvent from the bottom of the LPG absorber column are fractionated in the solvent regenerator column which separates LPGs overhead and lean solvent produced at the bottom. After heat recuperation, the lean solvent is pre-saturated with absorber overhead gases. The chilled solvent flows in the top of the absorber column. The separated gas from the pre saturator separator forms the pipeline sales gas. Depending upon the economics of ethane recovery, the operation of the AET LPG plant can be switched on-line from ethane plus recovery to propane plus recovery without affecting the propane recovery levels. The AET LPG plant uses lighter lean oils. For most applications, there are no solvent make-up requirements. AET can design retrofits for heavy lean oil facilities. Production Process Flow Diagram

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RAW MATERIAL REQUIREMENT The only raw material for the LPG marketing and distribution business would be LPG. For the proposed project, about 150 to 160 M Tons of LPG will be required as raw material on daily basis . The requirement of LPG would increase by 10% annually with an increase in supply with the same proportion. TECHNOLOGY OPTIONS For a LPG storage and distribution plant, technology options are important while selecting filling equipment, storage tanks and filling pumps. LAND AND BUILDING REQUIREMENT SITE DEVELOPMENT LPG Plant is sophisticated and requires fool proof system, because Liquefied Petroleum Gas is flammable and during site development, prescribed instructions for fire extinguishment systems must be complied with. Qualified Consultant Engineers shall be engaged for preparing structural drawings for LPG site. LAND REQUIREMENT FOR PLANT In order to comply with structural standards prescribed by the explosive department and provisioning for the future expansion in the storage capacity, a minimum of 05 Acre area would be required for the proposed LPG setup. CIVIL CONSTRUCTION The LPG storage and distribution site can be divided into following areas: Administration block/Office area LPG dispensing/filling area LPG supply taking area LPG Storage Tank

Administration block will consist of about 800 square feet area which will be used for accounts, administration and other official purposes. LPG dispensing/filling area will be used to fill cylinders. 1200 cylinders could be filled in one hour automatically.

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FINANCIAL ANALYSIS & KEY ASSUMPTIONS The project cost estimates for the proposed LPG Bottling, Marketing and distribution business have been formulated on the basis of discussions with industry stakeholders and experts. The projections cover the cost of land, Plant, machinery and equipment including office equipment, fixtures etc. Specific assumptions relating to individual cost components are given as under. LAND & BUILDING Land for setting up the proposed LPG Production & Distribution unit would be purchased which will cost around USD 02 million. For the site development, construction of landing Jetty etc all civil related works approximately USD 03 million will be required, which has been assumed to be depreciating at 10% per annum using diminishing balance method.

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PROJECT BRIEF Plant location Plant capacity : : Chittagong 60000 M Ton per year 1200 Bottle of 12 kgs per hour filling 4.8 million bottles of 12 kgs per year Minimum 05 acres 1500 X 2 = 3000 M Ton Thailand, Malaysia, Indonesia, Singapore, UAE, KSA etc.

Land requirement LPG Storage capacity Source of LPG

: : :

Project cost : Land Cost Bottling plant Storage tank, piping, pump and related feeding equipments LPG cylinders 100000 units : : : : USD 2.00 million USD 4.50 million USD 8.80 million USD 2.90 million USD 3.00 million

Construction and related civil works : including office, bottling plant shed, jetty and LPG landing facilities from LPG Tanker etc. Import of LPG Working capital : : TOTAL ESTIMATED COST :

USD 3.00 million USD 0.50 million USD 24.70 million

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RETURN ON INVESTMENT Revenue Revenue of each 12 kgs cylinder (Dealer price) Cost of LPG for each 12 kgs cylinder Marketing, Transporting cost Bottling, electricity and related cost Sub total : USD 16.00 USD 11.20 USD 01.10 USD 00.15 USD 12.45 Expenditure

Gross profit : USD 03.55 Per unit lpg bottle Production Capacity : 4.8 million LPG cylinders of 12 kgs size : Gross profit at different level capacity of 4.8 million bottles per year million USD 50% 08.52 Return to investment 3.87 years 60% 10.22 2.42 years 70% 11.93 2.07 years 80% 13.63 1.81 years

Saudi Aramco LPG Prices : YEAR 2012 2012 2012 2012 2012 2011 2011 2011 2011 2011 2011 2011 2011 MONTH May April March February January December November October September August July June May PROPANE US$ 810 990 1230 1010 850 770 750 735 790 835 815 855 945 BUTANE US$ 895 995 1180 1040 910 820 810 815 865 885 855 925 995
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OWNERS WITHDRAWAL It is assumed that the owner will draw funds from the business once the desired profitability is reached from the start of operations. The amount would depend on business sustainability and availability of funds for future growth. BOTTLENECK IN LPG SECTOR Govt. and Private LPG companies cannot meet the growing demand of household customers, therefore capacity is increasing mathematically but peoples demand growing geometrically .Therefore market price in the peak season 1200 to 1500 taka per cylinder but company sales rate 1150 to 1250 taka per cylinder. Public LPG producer cannot supply adequate LPG to customers. LPG price increasing in international market, so local supply price always changing. CONCLUSION Due to lack of natural gas production and future availability shortage Bangladesh government banned household natural gas connection for cooking in the future. Thousands of apartments are ready to use for pipe line gas connection. Now these housing sectors will use LPG for cooking purposes. Estimated gas exploration and availability of natural gas by Petro bangle is not significant and assumed shortage another 05 years unless any miracle happened. Mean time demand for gas as cooking , small and medium industries and commercial units increasing tremendous rate of more than 20% per annum. In this respect setting up a LPG bottling plant, marketing and Distribution Company seems encouraging.

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