Mr McClelland's Speech at the Southern and Central African Downstream Conference
Introduction
Good morning and thank you for this opportunity to present the Sapia view point on various important issues currently facing the industry and, indeed, South Africa.

I would like to say, Minister, how very much SAPIA appreciate your being here today. Not only that, but also your giving the time in a very busy schedule to write the foreword to our Annual Report.

THE MINISTER'S SPEECH AT THE LAUNCH OF THE SAPIA ANNUAL REPORT
Mr Dennis Poole,
Mr Colin McClelland,
Ladies and Gentlemen.

It is an honour and indeed a privilege for me to have been invited to participate in this, the launch of SAPIA's Annual Report.

Sales of major petroleum products in South Africa increased by 2,0% in the second quarter of 1997 as compared to the second quarter of 1996, the South African Petroleum Industry Association announced today.

Major petroleum product sales in South Africa increased by 1,3% in the first quarter of 1997 as compared to the first quarter of 1996, the South African Petroleum Industry Association announced today.

Major petroleum product sales in South Africa grew by 5,9% in 1996 as compared to 1995, the South African Petroleum Industry Association announced today. This compares with growth of 5,3% for 1995 over 1994.

Major petroleum product sales in South Africa grew by 6,4% in the third quarter of 1996 compared to the equivalent quarter in 1995, the South African Petroleum Industry Association announced today.

Major petroleum product sales grew by 6,1% in the second quarter of 1996 compared to the equivalent quarter in 1995, the South African Petroleum Industry Association announced today.

Major petroleum product sales grew by 6% in the first quarter 1996, compared to the equivalent period in 1995, the South African Petroleum Industry Association announced today.

The South African Petroleum Industry Association (SAPIA) wishes to express its concern at the misleading article on the introduction of unleaded petrol which appeared in Business Report, 14 June 1995.

Prevail Energy (“PE”), a private international oil & gas E&P company based in Montreal, announces that it has appointed Calgary based petroleum consultant firm, DEGOLYER AND MACNAUGHTON CANADA LIMITED, in order to undertake a full scope study of its oil and gas interests in Congo-Brazzavi

Prevail Energy (“PE”), a private international oil & gas E&P company based in Montreal, announces that SNPC, the national oil company of the Republic of Congo (Brazzaville) has taken delivery of the first of two land rigs that will be dedicated for drilling operations on the Mengo-Kundji-

Prevail Energy (“PE”), a private international oil & gas E&P company based in Montreal, announces that on August 20th 2007, it signed a “Protocole d’Accord” (the “MOU”) with SNPC, the national oil company of the Republic of Congo (Brazzaville).

Svenska Petroleum Exploration has signed an agreement with Occidental Petroleum Corporation regarding the purchase of Oxy’s West African oil exploration assets in Nigeria, Angola and Guinea Bissau.