NASDAQOTC BB Symbol: BWMS

v In February 2008, a group of private investors:

 ü Changed the name of the Company to Blackwater Midstream
 Corp. (OTC Symbol: BWMS),

 ü Appointed a new Board of Directors,

 ü Appointed a new Management Team :

  Michael Suder - Chief Executive Officer

  Dale Chatagnier - Chief Operations Officer

  Francis Marrocco - Chief Commercial Officer

 ü Designated a business objective to develop and operate
 independent bulk liquid storage terminals.

 

v Blackwater’s management team has collectively over 50 years
 experience developing, building and expanding independent
 liquid terminal facilities.

v Management has consistently demonstrated their ability while
 with Delta Terminal Services, Kinder Morgan, LBC, and Canal
 Barge to acquire underperforming assets, improve the acquired
 facility operations, and greatly increase the financial
 performance of the assets (e.g. terminal locations at Harvey,
 LA; Cincinnati, OH; Baton Rouge, LA; Staten Island, NY;
 Chicago, IL).

v Management has extensive relationships with major customers
 (e. g. petroleum refiners, chemical manufacturers, and product
 traders & brokers) and a proven track record of securing long
 term contracts for terminal and ancillary services.
 
 

 MANAGEMENT TEAM

v Midstream terminal assets offer an attractive, low risk
 opportunity to invest in the petroleum, chemical and
 agricultural products sectors without taking commodity
 price risk.

v The Lower Mississippi/ Gulf Coast region of the United
 States has a chronic shortage of terminal storage for oil,
 refined products, agricultural and chemical liquids.

v Storage assets typically have high operating margins, in the
 60-65% EBITDA margin range.

v Third-party terminalling businesses are generally
 independent operations that support many different
 commercial customers including refiners, blenders, traders
 and marketers.

v Income is derived from tank leasing, operational charges
 associated with blending services and throughput charges for
 receipt and delivery options.

v Bulk liquid terminals store a range of products including
 crude oil, bunker fuel, gasoline, distillate, diesel, jet fuel,
 chemicals, agricultural products, bio-diesel.

v The importance of bulk terminal facilities in the refined
 product segment supply chain has grown significantly
 over the past decade as the nation’s product supply
 patterns have become increasingly more complex.

The facility consists of:

v 26.5 acres, which includes up to 5 acres of expansion
 capability,

 54 Tanks - ranging in size from 4,700 to 102,000 barrels ,

 Total Facility Capacity: 902,000 barrels,

 Current Leased Capacity approx. 714,000 barrels,

  for a current utilization rate of 78%.

v As of December 2008, the terminal had gross revenues of
 $2.4 million per year.

v As of April, 2010 and upon completion of the third new
 tank, contracted revenues have been increased to
 annualized rate of $5.6 million.

vBlackwater has recently announced a facility
 expansion that includes three 50,000 barrel tanks =
 $1,750,000. First two tanks were completed in
 February 2010, the third will be on line by April
 2010.

vConstruction of a Mississippi River

 ship dock=$2,500,000. Scheduled

  completion April 2010.

v2010 Revenue budget is $6.3 million with an
 EBITDA budget of $4.350 million.

v2010 - 2011-Further expansion possible on 5 acres
 for approximately 300,000 barrels of storage -
 estimated capital cost is $4,500,000 for Phase II
 expansion.

Marketing Strategy:

vTo specific industries and products that require value
 added services at a site that is well positioned
 geographically in their supply chain.

vThis years growth has been based on the facility’s
 strengths, which are the size of the tanks, and the
 modal flexibility available at the site.

vThe marine, rail, and truck product handling
 capabilities attract the following industries:

  Vegetable Oils

  Commodity Chemicals

  Drilling Fluids

  Specialty Chemicals

  Molasses Products

  Petroleum Products

vIn the current environment of scarce storage
capacity and availability in the Gulf Coast region, the
opportunity exists for Blackwater Midstream to
grow:

ü Efficiently within the Westwego, LA
 terminal fence line.

*Does not include BWMS overhead or debt service

vBlackwater’s “roll-up” strategy is to acquire
 underperforming, non-strategic, niche terminalling
 assets which will enable the Company to build a
 diversified asset base and mitigate business risk.

v Blackwater has announced a second acquisition for

  a 160,000 barrel terminal in Brunswick, Georgia

 that is expected to close within the first quarter
          2010.

*The forecasted projections presented
contain forward-looking statements that
are based on management’s expectations,
estimates, projections and assumptions.
Forward-looking statements are made
pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act
of 1995, as amended. These statements
are not guarantees of future performance
and involve certain risks and uncertainties,
which are difficult to predict. Therefore,
actual future results and trends may differ
materially from what is forecast in forward-
looking statements due to a variety of
factors.