FOR IMMEDIATE RELEASE

Mt. Airy, Louisiana – Pin Oak Holdings, LLC (“Pin Oak” or the “Company”) announced today that it has closed on a $100 million equity investment led by Dauphine Midstream, LLC (“Dauphine”) and Mercuria Energy Group Ltd. (“Mercuria”), a global energy and commodity group. Pin Oak initiated construction on a petroleum and chemicals storage terminal called Pin Oak Terminals located in Mt. Airy, Louisiana that is expected to be operational by June 2017. With this investment , the Company will be able to build an independent logistics hub as well as acquire and develop additional midstream assets in North America.

“This in vestment from Dauphine and Mercuria represents a strategic milestone for Pin Oak that provides the necessary capital to build and grow our first terminal while looking to expand into other areas,” said Mike Reed, Chief Executive Officer of Pin Oak. “Together with our equity partners, Dauphine and Mercuria , we will be constructing and operating a terminalling business that will meet customer and industry needs as an independent midstream company . We will provide all our customers with premier service s on the Eastern Gulf Coast while adhering to the highest safety and environmental standards . Pin Oak will be a key hub and will add much needed storage and logistics capabilities to help meet the rising market demand of one the largest refining and producing complexes in the world.”

“As the original sponsor of the Company we found an excellent partner to build out Pin Oak’s terminalling business ,” said Harris Ziskroit, Chief Investment Officer of Dauphine. “The entire Pin Oak team is focused on not only working with its equity partners but also with the residential community of St. John the Baptist Parish , the Port of South Louisiana, and the St. John the Baptist government to ensure the project is a success on every level.”

This investment closely align s with Mercuria’s commitment to innovative solutions for small to medium energy firms in North America. Mercuria continues to expand its relationships with local firms to ensure volume flow and access to competitive markets. “This is a significant U.S. terminal company investment and we are confident that Pin Oak will build an independent, world -class company to meet the market’ s needs,” said Brian Falik, Chief Investment Officer of Mercuria. “We believe the Lower Mississippi River will continue to grow in importance in the U.S. commodity landscape, and we look forward to our partnership with a top quality operator like Pin Oak.”

About Pin Oak

Pin Oak is a midstream company and is constructing a liquid and chemicals storage terminal, Pin Oak Terminals, on 431 acres along the Mississippi River in Mt. Airy, Louisiana. Pin Oak Terminals provides its customers with complete optionality through ship, pipeline, truck , and rail access. It will serve North America’s growing crude, refined product, and chemical industries and is strategically located next to major supply networks, demand centers, and export markets . Pin Oak will look to expand its footprint through the development and acquisition of additional terminals throughout North America.

About Dauphine

Dauphine is a portfolio company of Pelican Advisors, LLC and is focused on the development, acquisition, and operations of midstream assets throughout the world.

About Mercuria

As a leading energy and commodities group, Mercuria is primarily focused on energy, and is present all along the commodity value chain with activities forming a balanced combination of commodity flows and strategic assets. More than 1,000 people are operating from offices worldwide to sustain the Group’s extensive business reach with their market knowledge, diversity, and experience. In 2014, Mercuria completed the acquisition of the physical commodities trading unit of JPMorgan Chase & Co. China National Chemical Corporation (ChemChina), one of China’s largest chemical companies, completed a strategic investment in Mercuria in 2015.

Pin Oak Contact: Tricia LeBoeuf (985) 210-1263