Divisions

Mid-Continent is a major supplier of a comprehensive range of products and services for Oil & Gas, Shipbuilding & Offshore Fabrication, Petrochemicals Plants, Marine and Environmental Waste Treatment.

We have been involved in the distribution of a wide range of equipment and spares, including provision of support services. The products we distribute range from drilling equipment and spares, drilling consumables, handling tools, general hardware, safety equipment, production equipment & accessories, pipeline products, meters & gauges and special steel products.

The group supplies Oil Country Tubular Goods (OCTG) to the oil and gas industry; plus we also supply line pipes for the transmission of oil and gas, and also drill pipes which are specially manufactured for rotation in the drilling of the well. We have been in the distribution of tubular products for many years and have enjoyed the support of blue-chip companies such as Metal One Corporation, Mitsubishi Corporation, Nippon Steel Corporation, Sumitomo Metal Industries Ltd and JFE Steel Corporation.

In 1994, the business was expanded to the provision of solids control services and environmental & waste management services to the oil & gas, marine, oil refinery and construction industries. Today, using state of the arts solids control centrifuges we provide drilling fluids systems such as Solid Removal, Barite Recovery and Cutting Wash to our customers backed up with our service center in Singapore and highly trained engineers throughout the region and further a field.

For more information, please visit www.mid-continents.com.

In October 2006, Magnus Group acquired 75% equity interest in Songyuan Yongda Oilfields Exploration and Technology Co.Ltd. (Yongda). Yongda is a PRC-based oil and gas company engaging in the development of oilfields and production of crude oil in Jilin Province in the Peoples Republic of China (PRC). It was granted a 20 years exclusive right in 1999 by China National Petroleum Corporation (CNPC) to develop 17 sq km of oilfields located in the Jilin Province, China. CNPC has certified that the oilfields contain proven reserves of approximately 43 million barrels of crude oil. This acquisition has made Magnus the first Singapore listed company to own producing oil concessions in China.

Yongda is involved in all facets of oilfields development and production of crude oil, oilfields exploration, delineation and development wells, the construction of production facilities and the production and sale of crude oil exclusively to CNPC at an average market price as quoted in the Minas Crude Oil Price.

APAC Coal has a 30 Year Concession to explore for coal over a 23,124 ha parcel of land in East Kalimantan, Indonesia. A JORC compliant resource of 18.2 million tonnes defined as geological conceptual estimates at the tenement has been identified which is expected to form the basis of an initial mining operation. This resource occurs within a very small area of the Concession (3.8%) with over 90% of the Concession yet to be explored to any significant degree. Kalimantan is the principal coal producing region of Indonesia, the world's 7th largest coal producer.

APAC Coal is a subsidiary of Singapore listed Magnus Energy Group, which operates in the upstream petroleum and coal business. Its core focus is petroleum, coal production, low-risk exploration and field development. Magnus has committed to providing a low cost Management and Finance Team in the initial phase of the development of APAC Coal Limited.

For more information, please visit www.apaccoal.com.