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PANAMA SUN OIL, S.A., as (the “Company”) is a holding company registered in the Republic of Panama. The principal activities of the Company is to roll-up asset at a discount in the energy sector including but not limited to hydrocarbon field for exploration, exploitation and syndicated development and production via a Farm-Out Agreement to minimize risks. The Company strategy in securing these assets is to evaluate existing or new seismic work as part of its contingent purchase commitment subject to an expert opinion letter. The company has acquired a 6,060,000 acre parcel in the Republic of Paraguay from Parafin Corporation (Symbol: PFNO.OB) and has several other properties under evaluation and/or negotiations for large parcel concessions in proven areas in the USA, Central America and South America.
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Panama Sun Oil, S.A. (PSO) is also securing other strategic assets (various petroleum product allocations) in which it can vertically integrate its Hydrocarbon Production, Sales & Better Field Development. These assets include but are not limited to bulk storage tank farms, expanding existing Joint Venture Marine Loading Terminal in Long Beach California adding several 50,000bbl hot tanks to the existing tank farm, adding asphalt bulk hot storage marine facilities in Honduras and Nicaragua, pipelines, installation of a barrel manufacturing plant for special packaging various petroleum products for export to Asia, China and other customers, simple refinery operations, and seaport facilities and transport (maritime, rail, truck). The company is also considering a Truck Stop Fleet Service Station chain currently under negotiations.
In the meantime the Company is engaging in the resale of refined petroleum products and is in the process to secure a refining contract with an East European, Caribbean and US Refinery to be able to purchase crude oil for processing and delivery.
The Company has established a business relationship with STERLING CAPITAL, LP (Texas, USA Registry) with offices in Los Angeles, CA to assist in the factoring, forfeiting and hedge of the commodities entered into for resale to finance and offset the risk associated with Stock and Futures Market adverse movement.
The Company has elected to operate in the USA by filing as a Controlled Foreign Corporation, as a USA/Commonwealth Holding Company to benefit from the lowest tax base from the US Federal Government and have entitlement to all of the tax incentives associated with this corporate structure having State Registered entities as subsidiaries.
The company has a strong operating emphasis, an international focus and a global workforce with approximately 100 employees.
- Proven team with strong technical, operational and financial abilities;
- Balanced and diversified asset portfolio;
- Exploration is established in America and in other regions within South America;
- Pipeline of multiple development projects;
- Working under Joint Venture with an existing Southern California, USA, Oil Refinery that has been in business for 60 years and processes over 10,000MT per day of various products such as;
- Distillates: Naphtha, Light Distillate Oil (LDO), Light Vacuum Gas Oil (LVGO) & Heavy Vacuum Gas OIL (Cutter)
- Roofing Products: Bulk Type 3, Carton Type 3 & Type 4 (100 lb kegs), Bulk Roofing Saturate & Bulk Roofing Coating
- Paving Asphalt: PG 64-10, PG 64-16, PG 58-22, PG 70-10, SC 800, SC 3000, PSO 60/70 & AC 30
- Custom packaging of Road Bitumen Asphalt PSO 60/70 for export;
- Custom packaging of Roofing Asphalt and products for export;
- Two existing production assets.
Although PANAMA SUN OIL, S.A. assets are spread across four geographic regions (United States of America, Central America, PARAGUAY, and Eastern Europe), the company is predominantly focused on Puerto Rico and United State of America, with Paraguay reserves and United States assets we have big Reserves for supplying big requirements of Crude Oil and refining products to both countries.
PANAMA SUN OIL, S.A. constantly evaluates the cost effective development and acquisition of new and existing exploration and production assets. PSO preference is to take meaningful interests in big reserves to sell or making alliance with such assets, preferably to the big world operators. PSO utilities established relationships with partners, governments and national oil companies to identify and develop opportunities in Green Energy Projects and in Sustainable Renewable Energy Projects World Wide |
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