This is an example of a 5000bpd Refinery and what can be done to make it a real.

1. Modular Refinery Funding
“PITCH” Presentation
GENERIC EXAMPLE
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2. 5,000Bpd Modular Refinery and
Tank Farm
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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.

3. Sample letter from
funding source.

4. 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
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5. 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
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6. 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
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7. Target market
prospects
Nigeria
Kerosene
Diesel
170,000,000 Population
Naphtha – World Market
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8. Supply & Demand Nigeria
During 2014 there was an estimated
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.
Refined Products Import Estimates
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9. 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
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10. Funding needed
Purchase Refinery - $8.3mUSD
Construct Tank Farm
Civil Works - $25mUSD
Deployment Capital - $6.7mUSD
$40M
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11. Potential Sales channels
 Domestic Petroleum Products Distribution
 Product Storage
 IOC, NOC
 Trucking and Vessel
 Export products as requested
 Develop Retail Outlets
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12. Marketing activities
 Increase Business Development Staff
 Work with surrounding depots
 Develop Retail Outlets
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13. Marketing - Savings
Your Company will not incur the following fees that the importer are charged.
Source PPPRA – as of 3/3/2016
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14. 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.
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15. 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.
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16. 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
Potential Timeline
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17. Partners and resources
Vfuels
VFuels Designs, Engineers, and
Fabricates Modular Topping
Plants, Modular Refineries, and
Modular Gas Plants
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Limited
Advisory firm that specializes in
helping small to mid-size Oil
and Gas companies in Nigeria.
Focus on internal operations
and funding.
Nationwide Group
As International Fund Providers, we
specialize in creating custom
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.
EPC TBD
Funding option will determine
the EPC Company that will
manage and construct the tank
farm.
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.
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18. Financial projections
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Following based on 5,000 bpd at $55 per Barrel

19. Cash Flow Projection
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20. Balance Sheet Projection
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21. Profit and Loss Projection
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22. Projected Financing
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23. Projected Direct Cost
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24. Projected Revenue
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25. Conclusion
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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