PT. DESCO ASIA ENERGY Co Indonesia

First of all we would like to convey our gratitude to all who have assited Desco Asia Energy Co. In our 3 years progress since 2002. Since its founding in 2002, Desco Asia Energy Co. Has made great strides to become a regional energy trading agency. We plan to make even greater enhancements during the 21st century, with our continued commitment of providing quality mineral and energy trading agency services. In order to prevail as one of the top regional trading agency in the Indonesia and Asean region, we will continue to focus on the diversification of service offered to you, our valued customers. We are confident that we can better serve you needs in this new millennium with increased our vision, to have the highest standards of commitments and integrity in order to deliver the highest degree of excellence in service to all our customers. And our mission, to set lead and maintain the highest industry standards in providing our customers the very best financial solutions and protection in efficient, innovative, effective and professional manner. Our development over the past year has proven to raise the quality of services that we offer. In 2004, we expanded our service coverage to coal minning, crude oil and oil products trading agency, small medium crude oil exploration. In coal minning we have contracts of sales and coal agreements with four producing company in sumatra and kalimantan island. In 2004, revenues from coal totalled US $51, 84 million. 76% of revenues were generated from domestic sales. In crude oil and product oil trading, with the increase world price of crude oil and oil products, we will be to able make development products of oil trading agency in domestic marketWe once again convey our deepest gratitude to all who support and trust us.