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For our foreign investment partners, i.e. the
non-US citizens, a healthy profit to
risk ratio is clearly in the foreground. Due to the uniqueness
of our financing structure, in which provision of capital is spread
between two investor groups, and for completely different reasons,
the risk of the foreign partners is calculable and marginal. (see
also under “The Concept” and “Benefits
and Securities”)

The price/earnings ratio is well
below what most other capital investments can offer. With our PDP
projects, the ratio is between 4 and 6.5, whereas with our recent
Greenwood expansion drilling projects p/e ratio is between
2.5 and 4. Our most recent Greenwood project, in fact, shows a brilliant
initial return of 50%
per annum. AMTEX Oil & Gas Inc. or its partners in Germany and South
Africa are happy to illustrate to you the scenario planning that
provides for returns well above average.

Our foreign participation partners receive financial statements
and their payouts on a quarterly basis.
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