Corporate Overview

ATIP:  Focus on Africa for an Oil-Hungry World.
ATIP is committed to satisfying world demand for oil.
The future of world oil is in Africa.
ATIP is committed to acquiring African oil and gas reserves. 

As the world becomes more desperate for oil, Africa is emerging as the best location for discovering untapped reserves.  Exploration for and production of oil and gas are  now booming regardless of higher costs, and enjoying highest priority in any oil companies whether international or domestic.  

Two superpowers, America and China, have a strong presence on the continent.  Oil sourcing is very important for continued growth of the U.S. economy.  Fifteen percent of U.S. imports now come from Africa.  At the same time, China has invested billions in infrastructure in exchange for oil and gas resources.  Both countries see Africa as a safe alternative to volatile Middle Eastern supplies. 

ATIP has taken note of this clear trend and has molded its oil and gas strategy to fit world demand.  That is why we currently have a strong presence in Africa, including countries where we are acquiring up to 1 billion of barrel in reserves.  There are numerous well-known oil companies vigorously launching exploration and production programs in the same areas we are in Africa:  Royal Dutch/Shell, BP, Total, CNOOC, to name a few. 

ATIP holds production sharing contracts in five major blocks (Vietnam, Tunisia, Cote d'Ivoire) and has ongoing government negotiations for seven other blocks (Congo, Guinea-Bissau, Ghana, Cambodia).  The blocks range in size from 4,000 sq. km to 7500 sq. km, totaling nearly 100 oil and gas prospects. 

ATIP is a public company on the NYSE/Euronext, trading under the code “MLATP”.  The Company has invested $30 million of its own cash and has obtained $40 million in financing from strategic partnerships. 

An independent study of the blocks surrounding those held by ATIP in various countries draws the conclusion that production in these fields would represent 133 million barrels of oil, which is equal to $8 billion at a conservative cost of $60 dollars per barrels.