TANK CLEANING  
                     
ASSUMPTIONS:     YEAR 1   YEAR 2   YEAR 3   YEAR 4  
Tanks Available     2   2   2   2  
Going rate per tank                      $1,200,000   $1,200,000   $1,200,000   $1,200,000  
$ Rate= N118 118                  
                     
PROJECTED INCOME STATEMENT ON TANK CLEANING                    
                     
      YEAR 1   YEAR 2   YEAR 3   YEAR 4  
      NAIRA   NAIRA   NAIRA   NAIRA  
BALANCE B/F         14,017,010   57,294,990   177,076,800  
                     
CASH INFLOW                    
                     
Tank Cleaning Income     283,200,000   283,200,000   283,200,000   283,200,000  
                     
                     
Total Income     283,200,000   297,217,010   340,494,990   460,276,800  
                     
                     
                     
CASH OUTFLOW                    
Lease Payment     77,545,390   77,545,390   77,545,390   77,545,390  
                     
Equity Contribution     106,000,000              
                     
Manager Operator Fee:     58,637,600   58,749,600   58,872,800   60,226,080  
                     
                     
Insurance cost     18,000,000   18,000,000   18,000,000   18,000,000  
                     
Technical Management Fee     9,000,000   9,000,000   9,000,000   9,000,000  
                     
TOTAL OUTFLOW     269,182,990   163,294,990   163,418,190   164,771,470  
                     
BALANCE C/F     14,017,010   57,294,990   177,076,800   295,505,330