American Biofuels Inc C.ABS.H

"KNOWLEDGE" IS KEY TO SUCCESSFUL INVESTING

[711666]

SOURCE OF INFORMATION: https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00008732 TransAmerican Energy Inc. Aug 31 2006 Audited annual financial statements - English _____________________________________________________________________ Greystone Operating Inc. (“Greystone”), a wholly-owned subsidiary of Odyssey Petroleum Corp. (“Odyssey”) (ODETSX-V), a company with two common directors, is the operator for all of the properties held by the Company in Louisiana. During the current year, the Company paid or accrued $112,703 to Greystone relating to well operating and development costs. As at April 30, 2006, $112,703 is included in accounts payable to Greystone. Odyssey Petroleum (US) Inc. (“Odyssey (US)”), a wholly-owned subsidiary of Odyssey, is the operator for all of the properties held by the Company in Mississippi. During the current year, the Company paid or accrued $539,392 to Odyssey (US) relating to well operating and development costs. As at April 30, 2006, $101,932 is included in accounts payable to Odyssey (US) and $75,000 was advanced to Odyssey (US) for future development costs. Louisiana Department of Natural Resources (Greystone Operating Inc.) https://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_orgad?p_orgid=G165 Organization Officers Officer Name Title JOE DEVRIES PRESIDENT GILBERT TALAFUSE MANAGING DIRECTOR Organization Red Flags Effective Date End Date Warning Status Warning Description 02/13/2008 F FINE-CIVIL PENALTY HAS BEEN ISSUED 01/27/2003 03/03/2003 F FINE-CIVIL PENALTY HAS BEEN ISSUED 07/15/2004 09/23/2004 I ILLEGAL MOVEMENT 01/23/2004 06/11/2004 S FORM R-4 SUSPENDED FOR PRODUCTION AUDIT DISCREPANCIES