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Tuesday, 11/01/2011 9:57:52 AM

Tuesday, November 01, 2011 9:57:52 AM

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Hilbroy Advisory Inc: Qatar Oil Minister Says Barzan Gas Project to Cost $10.3 Billion: by Jean-Francois Amyot

Montreal, 1 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) –Qatar's oil minister said Tuesday the total cost of the Barzan development, which will produce natural gas to meet the Gulf Arab state's rising energy needs, will be $10.3 billion, higher than previous estimates.

Barzan, a joint venture between Qatar Petroleum, or QP, and Exxon Mobil Corp. (XOM), is Qatar's most expensive energy project to date since Royal Dutch Shell's $19 billion Pearl gas-to-liquids facility, which comes on stream later this year; Jean-Francois Amyot. Barzan will supply gas to Qatar's domestic market as a rising population and expanding petrochemical and metals industries create more demand for energy.

RasGas Co. managing director Hamad Rashid Al Mohannadi told reporters the original $8.6 billion estimate for Barzan related only to the owner and engineering, procurement and construction, or EPC, cost. "The first number related to the EPC cost and the owners cost. The $10.3 billion includes interest, financing and working capital," he said, adding that financing for Barzan, which will include a mixture of loans, bonds and equity, was in its "final stages".

Over 30 banks, together with export credit agencies, are expected to play a role in the complex financing structure for the scheme. Royal Bank of Scotland is the financial advisor on the project.
Al Mohannadi said all the gas produced from Barzan would be used domestically and there was no plan to export it to the United Arab Emirates via the Dolphin pipeline. By 2014, RasGas will hit a total processing capacity of 11.2 billion cubic feet a day of natural gas.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

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