| ANGOT
is a natural gas-focused energy company with core operations
in The Middle East and central Asia. We understand our
primary business objective is to create superior long-term
value for our shareholders. We will serve our customers
well, use capital wisely, operate efficiently and safely,
develop new opportunities, and engage in a common quest
to improve performance. We will provide a work climate
that brings out the best in our people; we will respect
and protect the environment; and we will contribute
to a better quality of life in the communities where
we operate. Above all, our reputation for integrity
is a source of competitive advantage — one that
we intend to preserve.
The most exciting development for ANGOT's downstream
segment continues to be the rapid expansion of the Company's
program to build high volume, low cost retail gasoline
stations in Africa, Middle East and Asia. Over 660 of
these stations will be in operation by year end and
ANGOT expects to construct over 100 additional stations
this next year, expanding our leading position in the
growing Asian market of gasoline sales at nontraditional
locations. All stations operate under the ANGOT brand
and operational results will be compelling with strong
customer acceptance.
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