PETROLAMA ENERGY CANADA

A company PETROLAMA ENERGY CANADA based in Calgary specialising in the physical trade, storage, treatment and transport of crude oil from Western Canada to the North American market was established in 2011. In December 2012, the company agreed to purchase the assets of Tombstone Energy Solutions Ltd. as well as novated various business contracts and together with 200 rail cars fleet expanded its business activities in purchase, sale and transportation of propane, butane and condensate. In June of 2013, the company put into operation a new blending facility connected to the Enbridge Pipeline in Saskatchewan with a capacity of 18 000 barrels per day. In September 2014, the shareholders of the company approved investment into the new blending facility with a capacity of 18 000 barrels per day with the planned commissioning in 4th quarter of year 2015. The activities of LAMA ENERGY GROUP on the Canadian market are one of the most successful investments of the group with constantly increasing return on investment currently exceeding 50 % p.a. (per year).