FOR IMMEDIATE RELEASE

CONTACT: Kristi Ruskuski
kruskuski@oxfordprinceton.com
The Oxford Princeton Programme
116 Village Blvd.
Suite 230
Princeton, NJ 08540
609.524.1122

PRINCETON, NJ - November, 2007: The Oxford Princeton Programme, the world's leading provider of training solutions to the energy, commodities and derivatives industries, has forty-two training days slated in Houston for the first half of 2008 as it looks to address professionals' most immediate commercial mid-to-downstream training requirements.

"We are pleased to offer our most comprehensive curriculum with both bestseller and brand new courses to address the diverse needs of Houston's energy sector," says Jobert Abueva, Global Marketing Director. "Houston remains a priority market for the Oxford Princeton Programme."

All courses are led by expert educators exclusive to The Oxford Princeton Programme who bring a wealth of knowledge into each seminar. Courses consist of a mix of lectures and unique simulation exercises. A certificate is awarded upon successful completion of each course and CPE credits for those requiring accreditation. All courses are to be held in convenient, downtown venues.

• Overview of Physical Crude Oil Trading and Operations (CT)
  28-29 January 2008
  In this introductory workshop, delegates will gain an in-depth understanding of how the physical crude oil trading market works. Besides invaluable exposure to terminology, each delegate will experience all the steps in typical domestic and foreign crude oil transactions. The linkage between new well production, marketing, transportation and storage, and refining to physical trading, both speculatively and as a hedge vehicle, will be explored. Delegates are awarded 16 CPE Credits.

• Fundamentals of Petroleum Refining - A Non-Technical Introduction (FPR)
  30-31 January 2008
  Delegates do not need an engineering degree to understand the fundamentals of petroleum refining! This exciting programme is designed to introduce non-technical oil industry members to the fascinating field of petroleum refining. Attendees will learn how a refinery works and how refinery operations affect global oil and product prices. Delegates are awarded 16 CPE Credits.

• Overview of the Physical Trading of Petroleum Products (PT)
  1 February 2008
  This one-day workshop familiarizes delegates with the key elements of the physical petroleum product trading market. Topics explored include the major product blending pools and specifications, market fundamentals, technical analysis, key trading strategies and the mechanics of trading and operations. Delegates will learn product-trading terminology, as well as get the chance to participate in industry case studies and a product trading simulation. Delegates are awarded 8 CPE Credits.

• Overview of the North American Natural Gas Industry (NANG)
  20 February 2008
  19 May 2008
  This one-day course introduces delegates to the functionality of the natural gas industry and those involved in its operation. Discussion includes physical natural gas, beginning with exploration and concluding with the delivery to the burner-tip. This course uses a historical perspective to explain how the r egulation shaped the current market place and will also introduce financial products used for hedging physical positions. Delegates will become familiar with industry nomenclature and operation of the physical natural gas market place. Delegates are awarded 8 CPE Credits.

• North American Natural Gas Transportation and Storage (NGTS)
  21 February 2008
  20 May 2008
  This course will provide an understanding of the role of pipelines in the natural gas industry and a broad insight to the dynamics that impact the economic decisions facing industry participants. Delegates are awarded 8 CPE Credits.

• Oil Trading Orientation (OTO)
  26-28 February 2008
  This three-day workshop familiarizes delegates with the key building blocks of knowledge for crude oil and petroleum product trading. Topics explored include crude oil quality, product blending and specifications, market fundamentals, technical analysis, key trading strategies, pricing mechanisms and the mechanics of trading and operations. Delegates will learn trading terminology, as well as get the chance to participate in industry case studies and trading simulations. Delegates are awarded 24 CPE Credits.

• Front to Back Office: Trading Controls and Best Practices (FTBO)
  4 March 2008
  This fascinating and interactive workshop will give delegates a thorough understanding of best practice controls to be applied in commodity trading activities. Delegates are encouraged to think about the controls processes applied in their own operations, through interactive group case studies, in order to minimize the chances of similar expensive trading mistakes. Recent trading "failures" will be analyzed. Delegates are awarded 8 CPE Credits.

• Value-at-Risk: The Basics and Beyond (VAR)
  5 March 2008
  Value-at-Risk is the new benchmark for measuring and controlling market risk. Premier trading and marketing companies around the world use Value-at-Risk to maximize profit opportunities and minimize costly positioning mistakes. This one day programme teaches the important aspects of this risk management tool. Delegates are awarded 8 CPE Credits.

• Credit Risk Management (CRM)
  6 March 2008
  This one-day course is designed to build on the foundation established by the concepts covered in the web-based training "Introduction to Credit Risk Management" course. Delegates are introduced to various credit risk derivatives and their functionality in the credit risk mitigation universe. Delegates will leave the one-day course with a portfolio of industry techniques for evaluating, measuring, monitoring, and managing credit risk. Delegates are awarded 8 CPE Credits.

• Tanker Ownership, Chartering and Operations (TD2)
  26-28 March 2008
  Making sound business decisions concerning tanker ownership, chartering, operations and coverage strategies demands a good understanding of the key issues and their potential impact. This basic course covers the crude oil, petroleum products, chemicals and gas transportation sectors, this course also examines the important economic, financial, contractual, environmental and legislative issues when evaluating contract options, chartering and investment strategies, logistics and operating tactics. Delegates are awarded 24 CPE Credits.

• Tanker Ownership and Chartering - Advanced Strategies and Risk Management (TD4)
  31 March - 2 April 2008
  Making sound business decisions concerning tanker ownership, chartering, operations and coverage strategies demands a good understanding of the key issues and their potential impact. This basic course covers the crude oil, petroleum products, chemicals and gas transportation sectors, this course also examines the important economic, financial, contractual, environmental and egislative issues when evaluating contract options, chartering and investment strategies, logistics and operating tactics. Delegates are awarded 24 CPE Credits.

• Fundamentals of Energy Futures (FOEF)
  8 April 2008
  In the fast-paced world of futures, mistakes can be costly. Princeton Energy Programme's "Fundamentals of Energy Futures" allows delegates to experience this fascinating field first hand. This highly interactive workshop is a great introduction to exchange traded futures contracts. Delegates will leave with an in-depth knowledge of futures contracts and markets, specifically those related to energy. Delegates are awarded 8 CPE Credits.

• Options I - Fundamentals of Energy Options (FOEO)
  9 April 2008
  This course allows delegates to experience this fascinating and complex field first hand. Long thought a difficult topic, this course makes options easy! This full day workshop covers everything from premium valuation to advanced trading strategies on exchange traded options. This course is most valuable specifically to those related to energy commodities, including oil, gas and electricity. Delegates are awarded 8 CPE Credits.

• Energy Risk Management (ERM)
  10-11 April 2008
  Understanding and identifying how to limit price risk exposure is a complex task. This two-day course will provide attendees with a forum to maximize hedging efficiencies and limit price risk exposure. Delegates will build a portfolio of industry techniques for managing price risk in today's volatile energy markets. Delegates are awarded 16 CPE Credits.

• Fundamentals of Technical Analysis (TA)
  28-29 April 2008
  Take the mystery out of common technical indicators! Delegates will learn what's behind this analysis technique and how to make it work every time they trade. Understanding and using technical analysis is important to hedgers as well as speculators. Delegates will learn what many of the common indicators are and how the experts use them. Delegates are awarded 16 CPE Credits.

• Fundamentals of Energy Basis Trading (BT)
  30 April 2008
  After learning all there is to know about exchange traded futures and options, traders are always faced with a complex dilemma - Basis. The 'B' word can make or break a successful hedging or trading program. This programme includes timely 'real world' examples to reinforce the application of basis trading concepts and tools. After completing this course, delegates will have a strong working knowledge of basis trading. This knowledge will be put to the test during an exciting trading simulation. Delegates are awarded 8 CPE Credits.

• Aviation Fuels: Supply, Economics and Trading (AV1)
  6-8 May 2008
  This three-day workshop provides an overview of the economics of the aviation fuels market. The course covers the key building blocks of knowledge for anyone needing to understand the jet fuel and aviation gasoline markets. Topics explored include the basics of aviation fuel production and refining processes, aviation fuels quality and specifications, supply and logistics, market fundamentals of supply and demand, jet fuel trading, pricing mechanisms, contracts and the management of price risk. Delegates will get the chance to participate in industry case studies and trading/pricing simulations.

• Overview of the North American Electric Power Industry (ET)
  21 May 2008
  Deregulation of the electricity marketplace continues to be a controversial topic. During this period of historic and rapid change, there is much to learn. This one-day event is a combination of presentation and trading simulations. Delegates are awarded 8 CPE Credits.

• Overview of the Global LNG Industry (LNG)
  22 May 2008
  Want to take the mystery out of LNG? If so, this course will discuss all facets of LNG from the exploration of natural gas to the ultimate pricing to the end-user. Designed as a course to introduce participants to both the technical and commercial aspects of the LNG marketplace, attendees will garner a better appreciation for LNG both as a fuel and a competitor to traditional natural gas. From this participants will better understand the current and future impact of LNG as a tradable cargo and not just another mechanism for delivery of natural gas. Delegates are awarded 8 CPE Credits.

• Principles of International Oil Trading (TR0)
  4-6 June 2008
  This course covers the basic principles of international oil trading, and the allied fields of supply, transportation and refining. Through the medium of a case study, delegates will address day to day problems, and will understand the relevant commercial driving forces in this area. Delegates are introduced to the key elements affecting the international market of oil trading. Crude valuation, ocean tanker transport and freight are explored together with a basic overview of terminals and pipelines. The structure of a refinery will be explained in the context of the need to produce marketable products. Aspects of product quality will be covered together with the key refining processes needed to achieve them. Delegates are awarded 24 CPE Credits.

• The Synergies of Refining, Trading and Supply (TRR)
  9-12 June 2008
  This advanced course is designed to provide delegates with a thorough understanding of the latest business techniques and refining technologies available to the oil supply, trading and refining industries. In addition, this course highlights how the activities of these sectors may be optimized and synergized to maximize overall profitability. Through a variety of case studies, delegates will learn the principles of refinery planning and economics along with basic principles and techniques involved in trading and supply. Delegates are awarded 32 CPE Credits.

• Options II - Options Pricing and Applications (OPA)
  11 June 2008
  Options are a growing part of energy hedging and speculating, and understanding how they work allows any trader to make better choices in using them. Once the basics are mastered through Options I - Fundamentals of Energy Options course, delegates can learn how to take advantage of fast-changing markets to get the most out of option positions with this course. This full day workshop not only extends the understanding of option dynamics, but also allows delegates to practice these skills through a unique trading simulation. Delegates are awarded 8 CPE Credits.

• Options III - Option Strategies (OS)
  12 June 2008
  One of the most powerful tools available to hedgers options are also the most difficult to master. Delegates learn how to apply complex combinations of calls and puts in order to hedge specific risks and take advantage of market expectations. With a unique trading simulation, attendees will master directional and market-neutral trading strategies, as well as the application of complex strategies. Delegates will also learn to match specific risk exposures and market expectations with complex strategies. Delegates are awarded 8 CPE Credits.

Full course summaries as well as a complete 2008 course listing are available at www.oxfordprinceton.com.

For all inquires on these courses or The Oxford Princeton Programme's wide array of training options, please contact Kristi Ruskuski at +1 (609) 524-1122 or via email kruskuski@oxfordprinceton.com.