Subject: Clarifications Regarding LOI and Drilling Rigs Documents
From: "[email-masked]" <[email-masked]>
To: "[email-masked]" <[email-masked]>
Date: Wed, 12 Mar 2025 13:28:18 +0000

Dear Sir,
Thank you for your LOI for Heavy Crude Oil. Please find the attached RECAP for your reference.
Regarding the drilling rigs documents, there are some issues that need to be clarified. Kindly review the following points and provide the necessary details:

  1.  Please provide the license of SINOOCEAN TRADING L.L.C.
  2.  Kindly share the ownership documents of the drilling rigs along with the value estimation report.
  3.  Could you confirm if you have any relationship with the company "Sino Ocean Petroleum Capital Limited"?
  4.  The ownership section of the drilling specifications states that the owner is "SASAC." Could you clarify how you plan to proceed with the payment for this rig under SASAC’s ownership?
  5.  It appears that the rig is still under construction. How do you intend to sell the rig if its construction is not yet completed and it has not been tested?

We appreciate your prompt response to these queries. Please let us know if you require any further clarification.
Best regards,
Growth Trading Co., Limited
Commercial Manager