minnow involved with 3rd biggest oil co in wor

AKW has just relisted yesterday after being off the market for quite some time, wilst they were delisted they have tied up with vitol via a strategic alliance aswell as getting one of vitols directors on the board.
They have also just signed up Don Telford who recently served as Chief Operating Officer of Asciano Ltd. Prior to then, he was CEO of Pacific National Ltd. Since 1990, he has also held senior management positions with Toll Holdings Ltd, TNT Logistics and Mayne Nickless.

Currently trading at 28c with 36c per share in NTA something big is just around the corner for this co.


Vitol turned over $190US billion in 2008 they were founded in 1966, the Vitol Group operates worldwide, and along with Glencore and Gunvor, is one of the world's top three crude oil traders.

The company ships more than 200 million tons of oil per year.

Vitol's main operations are based in Geneva, Houston, Singapore and London and in addition to the global crude and product trading businesses, the company has a growing presence in the natural gas, power, emissions and bio-fuels markets.

Vitol has interests in various oil storage terminals and exploration and production projects worldwide. The latter includes ownership of Arawak, with production in Russia, Kazakhstan and Azerbaijan, shareholding in Galoc in the Philippines and exploration assets in Congo and Ghana.

Vitol Terminals Group has an asset value in excess of $1 billion and planned capacity approaching 6 million cubic metres in 4 continents by 2010.

Current key locations include Amsterdam and Europoort in the Netherlands, and a 49% share of the Ventspils terminal in Latvia.

In addition to offices in Dubai and Bahrain, Vitol's key strategic asset in the Middle East is the Fujairah Refinery Company Limited (FRCL), which operates an 82,000 barrel per day refinery and a 461,000 cubic metre tank farm.




ARTURUS CAPITAL AND VITOL ANNOUNCE STRATEGIC ALLIANCE
ARTURUS COMPLETES AUD$6.425 MILLION NOTE PLACEMENT
Arturus Capital Limited (“Arturus Capital”), a general investment company which currently holds
interests in mining and gas projects, today announced it had agreed a strategic alliance with Vitol,
Inc. (“Vitol”), a leading international energy trading company.
The strategic alliance will enable Arturus Capital and Vitol to work together to identify investment
opportunities in the oil and gas sector for Arturus Capital.
Arturus Capital and Vitol have already identified a number of opportunities, and the parties
believe there is the potential for one of those opportunities to be advanced significantly in the
near term.
A joint working committee comprising Arturus Capital and Vitol executives will be formed to
evaluate opportunities and coordinate the parties’ efforts.
Michael J. Bertuccio, of Vitol, has been a director of Arturus Capital since September this year.
Mr Bellman said, “We are delighted to form this strategic partnership with Vitol, and we welcome
the opportunity to benefit from their extensive contacts and market intelligence as we seek to
build our investment pipeline. This alliance builds on our existing strong relationship with Vitol.”



New Director Appointment – Mr Don Telford
The Arturus board is pleased to announce the appointment of a new non executive director
commencing on Tuesday, 10 November 2009.
Mr Don Telford
Mr Telford is a senior corporate executive with many years experience particularly in the
fields of logistics and supply chain management; transport management; port operations;
and industrial relations.
He has most recently served as Chief Operating Officer of Asciano Ltd. Prior to then, he
was CEO of Pacific National Ltd. Since 1990, he has also held senior management
positions with Toll Holdings Ltd, TNT Logistics and Mayne Nickless.
In commenting on the appointment, Arturus Chairman Wayne Bellman said he was
delighted to welcome Mr Telford on to the Board, and looked forward to him making a
significant contribution based on his broad experience as a senior corporate executive.