COMPANY PROFILE

Trans Ocean Gas Inc. is a privately owned company, headquartered in St. John's, Newfoundland and Labrador, Canada. It is located at the National Research Council's Institute for Ocean Technology (NRC-IOT). Trans Ocean Gas was incorporated under the laws of Newfoundland and Labrador in 2001.

The President of Trans Ocean Gas is Mr. Darrell Hawkins, M. Eng. (Naval Architecture). The principal shareholder is Mr. Steven Campbell, P. Eng. Mr. Campbell holds the patent for FRP CNG; licensed exclusively to Trans Ocean Gas Inc.

The three modes of CNG transport patented are marine based, tractor-trailer, and inter-modal refrigerated containment. The innovative solutions provided by Trans Ocean Gas offer the most technically feasible and cost effective methods of transporting natural gas by sea, by road, and by rail.

Verification testing for the certification of FRP pressure vessels is underway with the first prototype test completed on February 10, 2007. Verification testing of numerous full size prototype FRP pressure vessels is scheduled to be complete by the end of 2007. Marine based certification is anticipated during the second quarter of 2008. Road transport certification is anticipated by the end of 2008.

Once certified, Trans Ocean Gas will establish its manufacturing facilities to manufacture its FRP pressure vessels in house. Trans Ocean Gas expects to sanction its first CNG project soon after marine certification is granted. Several potential CNG projects are currently being assessed. Pressure vessel systems will not be sold; only leased.