Monday, May 21, 2007

Aschmoun (UK) Limited

Industry: Mining

Main business locations: Russian Federation, UK, North America

Registered Address:
Geneva Place, Waterfront Drive,
PO Box 3469,
Road Town, Tortola
British Virgin Islands

Barclays Bank Plc, London, UK
EFG Group Bank, Geneva, Switzerland

Howard & Howard (UK)
Davies Bagambiire & Associates (Canada)

Joint venture participants:
- Aschmoun (UK) Limited, (Asset Management), 50%
- JSC Neftegasprom, (Licenses Holder), 15%
- Auriga Developments Limited, (Fund Management), 10%
- International Fuel Concepts UK Ltd., (Commercial Operations), 5%
- Petrogas Energy LLC, (Project Management), 5%
- PromTorgInvest LLC, (Social Development), 5%
- Local Government(s), (Regional), 10%

About the BVI company:
The BVI-registered Aschmoun (UK) Limited is working in the Minerals and Natural Resources sectors of the Russian Federation. Each of the associate companies included in the alliance specializes in various sectors of business, especially in the development and exploitation of oil and gas, minerals and natural resources.

Aschmoun Ltd. maintains representative offices in London and Toronto, to support and co-oprdinate associate companies registered in England and Wales. The Company has strong relationships and interests in numerous regions of the Russian Federation.

Currently the Company has an estimated market value of approximately $750 million; these funds are planned to be invested into the projects in Russia and North America, as well as in other associate company activities through Auriga Developments Limited.

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