Petrotesting Colombia S.A.

completed

Petrotesting Holding Limited is a holding company registered in the British Virgin Islands (“BVI”). Petrotesting Holding is comprised of five companies: Petrotesting Colombia S.A. (oil and gas exploration and production company), Colregistros Ltda. (oil services company), Sumprocol Ltda. (distribution company, predominantly of lubricants), Petrotesting Drilling S.A. (oil and gas drilling services company) and Petrofood Services Ltda (food supply company for petroleum industry workers). Collectively these companies are known as the Petrotesting Group. Additionally, there is Petrotesting Carbon Ltda (coal mining company), which is not held by Petrotesting Holding Limited, but part of the Petrotesting Group. The dominant company is Petrotesting Colombia S.A (“PTC”), founded September 2, 1985, which is where IFC resources will be focused. PTC is a local Colombian company which defines it business niche as small and medium fields. Since inception PTC has grown into a highly regarded company with 14 E&P assets spread throughout Colombia’s main hydrocarbon basins.The project involves both the strengthening of the financial position of Petrotesting Colombia S.A. and supporting the adoption of best practice corporate systems (such as those related to governance, environmental, social, community programs and accounting) to enhance the future growth potential of the company.