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Power sources

Operations at Cherokee Basin

Black Gold Natural Resources PLC announced that they have agreed to enter into an agreement with Foster Oil & Gas to acquire approximately 8,000 acres in the Cherokee Basin of southern Kansas including all production and all oil and gas properties and related mineral rights.

Foster Oil & Gas will be the operator for the project, which is currently producing approximately USD 175,000 per month. After reworking some of the wells and developing two additional wells, income is expected to increase up to USD 625,000 per month.

This acquisition will create an excellent base for Black Gold Natural Resources PLC, since these wells are expected to keep producing for at least forty (40) years. With an additional investment Income should increase by an additional USD 215,000 per month.

Foster Oil & Gas has a business plan showing the opening of several hundred new wells over a fifteen (15) year period as operating manager for Black Gold Natural Resources PLC.

Black Gold Natural Resources PLC is an independent natural resource company focused on the exploration and development of prolific oil and gas properties and valuable timberlands, as well as supplying oil field services, drilling equipment and international oil refining.

8-1-08

August ’07 - Infrastructures

Contract to provide engineering, procurement and construction management services

Fluor Corporation announced that it was awarded a contract to provide engineering, procurement and construction management services to build utilities and off-sites for the Grupa LOTOS Comprehensive Technical Upgrade Program in Gdansk, Poland. Fluor’s Gilwice, Poland, office, will execute the project.

The contract value for Fluor is more than EUR 200 million (USD 275.3 million) and was booked during second quarter 2007. Grupa LOTOS is Poland's second-largest oil refiner and retailer.

"This project enables Grupa LOTOS to comply with the EU requirements concerning the quality of diesel oils, which will be in force as of 2009," said David Seaton, Fluor Energy & Chemicals group president. "Fluor is perfectly positioned to deliver these services to Grupa LOTOS and all of our clients. With this project Fluor Gilwice will expand its reputation for providing quality engineering, procurement and construction management work."

The scope of facilities covers the new tank farm, interconnections, LPG washing unit, revamping of LOTOS high voltage power distribution system, infrastructure, revamping of water systems and other outside battery limits units.

Initial project work has begun and construction is slated to begin in February 2008 with a February 2010 completion. The budget exceeds half million man-hours. Fluor offices in Gliwice and Haarlem, The Netherlands, will perform Engineering and procurement services. From 1995-'98 Fluor Gliwice and Haarlem performed a similar job for Grupa LOTOS.

The contract is under execution as part of the development strategy of Grupa Kapitalowa LOTOS S.A. which provides for the construction of utilities and off-sites under the Comprehensive Technical Upgrade Program. The program objective is to increase the throughput capacity of the Gdansk refinery by approximately 75 percent, to 10.5 million tons of crude oil annually, with a higher conversion ratio.

Fluor Corporation provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance, and project management. Headquartered in Irving, Texas, Fluor had revenues of USD 14.1 billion in 2006. •

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