Modular Refinery Funding

“PITCH” Presentation

GENERIC EXAMPLE

WRENConsultingLimited
This is an example: Modular Refinery can be between 5,000 and 20,000 bpd. This
presentation is showing you just what a 5,000 bpd refinery could profit your
company.

5,000Bpd Modular Refinery and

Tank Farm

WRENConsultingLimited
Sample letter from
funding source.
Project Highlights
 Phase 1 Started with Technical Partner
 Owner 5 Hectares of land - example
 $40mUSD Funding Need
 Off taker – List your IOC or Blue Chip
 5,000bpd Refinery – Tank Farm
 Location on the Refinery

WRENConsultingLimited
Problems worth solving
 Increase Nigeria's Refinery Capacity
 Competitive Prices Refined Products
 High Quality Products to Market
 Adding Value Nigeria's Oil Industry
 Create Employment Opportunities

WRENConsultingLimited
Our solutions
 5,000bpd Refinery and Tank Farm
 Align with Nigeria's Specs Low Prices
 Minimum Impact of Local Environment
 - During Construction and Operation
 Supply Local Business and Poplulation

WRENConsultingLimited
Target market
Naphtha – World Market
Kerosene
Diesel
Nigeria
prospects
170,000,000 Population

WRENConsultingLimited
Supply & Demand Nigeria
During 2014 there was an estimated Refined Products Import Estimates
shortfall in Nigeria’s production of
refined products for 271,2000bpd PMS,
44,100bpd HHK, and 101,400bpd AGO.

Your Company is seeking to refine only

5,000 bpd of crude oil, there is sufficient
Demand for the refined products.

WRENConsultingLimited
 Competitive landscape
Competitors(Imported) How our solution is better

Refined Products Questionable Specs Self Refined Products

Tanker Contamination During Shipping Higher Quality and with no exposure

Search for Offtaker Easier access to Market

Higher Prices Competitive Prices

Landed Cost $376 per MT No Landed Cost

Port Congestion Decentralized

WRENConsultingLimited
Funding needed $40M
Purchase Refinery - $8.3mUSD
Construct Tank Farm
Civil Works - $25mUSD
Deployment Capital - $6.7mUSD

WRENConsultingLimited
Potential Sales channels
 Domestic Petroleum Products Distribution
 Product Storage
 IOC, NOC
 Trucking and Vessel
 Export products as requested
 Develop Retail Outlets

WRENConsultingLimited
Marketing activities
 Increase Business Development Staff
 Work with surrounding depots
 Develop Retail Outlets

WRENConsultingLimited
Marketing - Savings
Your Company will not incur the following fees that the importer are charged.
Source PPPRA – as of 3/3/2016

WRENConsultingLimited
Off taker Agreements
When it comes to obtaining funding this is one of the critical areas that must
be addressed with urgency. If you don’t have agreements(LOI or Contracts)
with a IOC or Blue Chip it will be very hard to get Foreign Funding.

WRENConsultingLimited
Crude Supply
60% of the supply of crude will becoming from NNPC, and is guaranteed by the
Government. When a client obtains the LTE from DPR the agreement confirms
the supply of 60%. 35 Billion barrels in a overwhelmingly large hydrocarbon
reserve in Nigeria.

The reaming 40% of the needed crude will becoming from ____________

This is another critical issue that must be addressed to ensure funding.

WRENConsultingLimited
Potential Timeline
Date Timeline

March 15, 2016 Phase 1 Technical Partner Completed

May 16, 2016 Funding Received from WREN Option

June 6, 2016 Phase 2 - Fabrication Begins and Construction

April 24, 2017 Refinery Arrives in Nigeria

June 12, 2017 Refinery Operational

WRENConsultingLimited
 Partners and resources
Engage with WREN and we bring a full solution – Refinery Technical
Partner, EPC(Tank Farm) Partner, and Funding Partner.

We blocked the names of the companies on this slide.

EPC TBD
Funding option will determine
the EPC Company that will
manage and construct the tank
farm.
Vfuels WREN Consultimg
Limited
Advisory firm that specializes in
Nationwide Group VFuels Designs, Engineers, and helping small to mid-size Oil
Fabricates Modular Topping and Gas companies in Nigeria.
As International Fund Providers, we Plants, Modular Refineries, and Focus on internal operations
specialize in creating custom Modular Gas Plants and funding.
tailored finance solutions based on
the specific needs of our clients.
Nationwide Finance works with the
largest lending institutions and
Export Credit Agencies (EAC) across
the globe. As well as, a proprietary
network of boutique banks, private
finance institutions, and equity
firms.

WRENConsultingLimited
Financial projections
Following based on 5,000 bpd at $55 per Barrel

WRENConsultingLimited
Cash Flow Projection

WRENConsultingLimited
Balance Sheet Projection

WRENConsultingLimited
Profit and Loss Projection

WRENConsultingLimited
Projected Financing

WRENConsultingLimited
Projected Direct Cost

WRENConsultingLimited
Projected Revenue

WRENConsultingLimited
Conclusion
The slides were based on a 5,000 bpd refinery at $55 per barrel, and you
could see that the profit per year was over $43mUSD. Take the same
projections at $35 per Barrel the profit margin will be greater because the
refined products here in Nigeria are still high.

If you are in a position to consider such a project please feel free to

contact the Senior Partner of WREN Consulting Limited at
ritch.wingo@wren-consulting.com or call 08034192892

WRENConsultingLimited