The Company started business by providing fuels and lubricants to vessels such as tankers, fishery boats, and reefer vessels.The Company’s customers were domestic and international. The Company supplied fuels as highspeed diesel oil, fuel oil, andlubricants. So, each type of marine vessel has different fuel and lubricant requirements.The company also provides services in the provision of food, raw materials and other services. For employees in oil and gasdrilling both in the sea and on land (Supply Management). Because the company has a customer group that is a supply & service boat and passenger ship, crew boat. Therefore, the company sees the opportunity to provide food, cleaning service and laundry service(Catering and Service) for oil and gas drilling staff. To provide services that cover the needs of this group of customers.The company has invested in Pan Orient Energy (Siam) Limited ("POES") in the proportion of 49.99% of the total issued and paid-upshares of POES. Which is a petroleum and natural gas production and exploration company on land in Thailand and possessing the concession block L53/48, located at Kamphaeng Saen district Nakhon Pathom. Which has a petroleum production period of up to 20 years.The investment in business with POES, which related with the currentbusiness, enablingthe company to learn and experience from the exploration, production and distribution petroleum business, which leads to the long-term concession rights.The Company has a major shareholder, Nathalin Co., Ltd., which owns 45.04%. The Company is a subsidiary of Nathalin CompanyLimited (“Nathalin”). Nathalin Group’s business is associated with oil transportation by vessel. Nathalin Company Limited has provided oil transport by sea for more than 30 years. The Company is the only company in Nathalin Group to run fuel sale business.Nathalin has an anti-competition agreement with the Company in order to confirm that Nathalin, whose business, conflict-prone personnel, and relevant persons, according to the Announcement of the Securities and Exchange Commission on the Definitions in theAnnouncements Concerning Issuance and Sale of Stocks, will limit its business and agrees not to run business or control over legal persons whose business is similar to and/or is competitive against the Company’s current supply management business, includingnew business in the future. Nathalin will notify and monitor its conflict-prone and relevant people to ensure they are aware of and comply with the agreement. The agreement sets forth penalty against Nathalin should it be violated.
The Company started business by providing fuels and lubricants to vessels such as tankers, fishery boats, and reefer vessels.The Company’s customers were domestic and international. The Company supplied fuels as highspeed diesel oil, fuel oil, andlubricants. So, each type of marine vessel has different fuel and lubricant requirements.The company also provides services in the provision of food, raw materials and other services. For employees in oil and gasdrilling both in the sea and on land (Supply Management). Because the company has a customer group that is a supply & service boat and passenger ship, crew boat. Therefore, the company sees the opportunity to provide food, cleaning service and laundry service(Catering and Service) for oil and gas drilling staff. To provide services that cover the needs of this group of customers.The company has invested in Pan Orient Energy (Siam) Limited ("POES") in the proportion of 49.99% of the total issued and paid-upshares of POES. Which is a petroleum and natural gas production and exploration company on land in Thailand and possessing the concession block L53/48, located at Kamphaeng Saen district Nakhon Pathom. Which has a petroleum production period of up to 20 years.The investment in business with POES, which related with the currentbusiness, enablingthe company to learn and experience from the exploration, production and distribution petroleum business, which leads to the long-term concession rights.The Company has a major shareholder, Nathalin Co., Ltd., which owns 45.04%. The Company is a subsidiary of Nathalin CompanyLimited (“Nathalin”). Nathalin Group’s business is associated with oil transportation by vessel. Nathalin Company Limited has provided oil transport by sea for more than 30 years. The Company is the only company in Nathalin Group to run fuel sale business.Nathalin has an anti-competition agreement with the Company in order to confirm that Nathalin, whose business, conflict-prone personnel, and relevant persons, according to the Announcement of the Securities and Exchange Commission on the Definitions in theAnnouncements Concerning Issuance and Sale of Stocks, will limit its business and agrees not to run business or control over legal persons whose business is similar to and/or is competitive against the Company’s current supply management business, includingnew business in the future. Nathalin will notify and monitor its conflict-prone and relevant people to ensure they are aware of and comply with the agreement. The agreement sets forth penalty against Nathalin should it be violated.
The Company started business by providing fuels and lubricants to vessels such as tankers, fishery boats, and reefer vessels.The Company’s customers were domestic and international. The Company supplied fuels as highspeed diesel oil, fuel oil, andlubricants. So, each type of marine vessel has different fuel and lubricant requirements.The company also provides services in the provision of food, raw materials and other services. For employees in oil and gasdrilling both in the sea and on land (Supply Management). Because the company has a customer group that is a supply & service boat and passenger ship, crew boat. Therefore, the company sees the opportunity to provide food, cleaning service and laundry service(Catering and Service) for oil and gas drilling staff. To provide services that cover the needs of this group of customers.The company has invested in Pan Orient Energy (Siam) Limited ("POES") in the proportion of 49.99% of the total issued and paid-upshares of POES. Which is a petroleum and natural gas production and exploration company on land in Thailand and possessing the concession block L53/48, located at Kamphaeng Saen district Nakhon Pathom. Which has a petroleum production period of up to 20 years.The investment in business with POES, which related with the currentbusiness, enablingthe company to learn and experience from the exploration, production and distribution petroleum business, which leads to the long-term concession rights.The Company has a major shareholder, Nathalin Co., Ltd., which owns 45.04%. The Company is a subsidiary of Nathalin CompanyLimited (“Nathalin”). Nathalin Group’s business is associated with oil transportation by vessel. Nathalin Company Limited has provided oil transport by sea for more than 30 years. The Company is the only company in Nathalin Group to run fuel sale business.Nathalin has an anti-competition agreement with the Company in order to confirm that Nathalin, whose business, conflict-prone personnel, and relevant persons, according to the Announcement of the Securities and Exchange Commission on the Definitions in theAnnouncements Concerning Issuance and Sale of Stocks, will limit its business and agrees not to run business or control over legal persons whose business is similar to and/or is competitive against the Company’s current supply management business, includingnew business in the future. Nathalin will notify and monitor its conflict-prone and relevant people to ensure they are aware of and comply with the agreement. The agreement sets forth penalty against Nathalin should it be violated.