Board of Directors

John Laurie Hunter, Chairman and Chief Executive Officer

Mark Field Weller, Chief Operating Officer

Mark Weller, aged 61, has been with the Company since 2008, after serving five years as President of a small independent Texas oil company. He has over 39 years of oil industry experience with an extensive background in domestic and international oil and gas development (both onshore and offshore drilling and production operations), including 15 years direct involvement with the design, initiation and operation of heavy oil steam flood projects in California. Mr. Weller has previously worked with Texaco and Getty Oil in a variety of positions throughout the United States and worked internationally developing projects in West Africa. Mr. Weller has a Bachelor’s degree in Mechanical Engineering from the University of California, Davis.

Andrew James Morris, Non-Executive Director

Andrew Morris, aged 43, is the founder and Managing Director of Persistency Capital LLC. He focuses on value investing and deal structuring across a broad geographical and sectoral spectrum. Prior to establishing Persistency Capital, Mr. Morris spent 15 years in the financial services industry, most recently as a Director of the Financial Services Risk Management practice of Ernst & Young, advising a broad range of organizations in enterprise risk management. Mr. Morris currently sits on the board of a number of private companies, ranging from early stage resource companies to emerging technology companies. Mr. Morris holds a BSc (Hons) degree in Mathematics from Bristol University and is a member of the Institute of Chartered Accountants in England and Wales.

Ian Colin Orr-Ewing, Non-Executive Director

Ian Colin Orr-Ewing, aged 70, is a natural resources consultant for Blakeney Management, a fund management company specializing in advising on investment in Africa and the Middle East, with whom he has been associated since 1994. He has over 40 years of oil industry experience with an extensive background in domestic and international oil and gas development, including both onshore and offshore drilling and production operations. Mr. Orr-Ewing has served on the boards of several oil companies, including Stratic Energy Corporation (a Canadian oil company), and is currently on the board of Vatukoula Gold Mines Plc (formerly River Diamonds, a Fijian Gold Mining company), which is listed on AIM and Bacanora Minerals (a TSX quoted company). Mr. Orr-Ewing has a Bachelor’s degree in Geography from Oxford University.

Ian Christopher Simon Barby, Non-Executive Director

Ian Barby, aged 67, practiced as a Barrister before joining Warburg Investment Management Ltd in 1985, subsequently becoming a vice chairman of Mercury Asset Management plc and latterly, until 2003, a managing director of Merrill Lynch Investment Managers. He is currently chairman of Invesco Perpetual UK Smaller Companies Investment Trust plc and Ecofin Water and Power Opportunities plc, as well as being a director of BlackRock World Mining Trust plc, Schroder Income and Growth Fund plc, Pantheon International Participations plc and SR Europe Investment Trust plc. Mr.Barby holds an M.A. in History & Law from Cambridge University.

John Alexander van der Welle, Non-Executive Director

John van der Welle, aged 56, was a director and Chief Financial Officer of Canadian listed Stratic Energy Corporation until November 2010. Mr. van der Welle is currently a non-executive director of Groundstar Resources Limited (a Canadian listed oil company) and has extensive senior business and financial experience in the oil industry. Prior to joining Stratic Energy Corporation he was Managing Director and Head of Oil & Gas at the Royal Bank of Scotland. After qualification as a chartered accountant at Arthur Andersen & Co., Mr. van der Welle joined UK listed Enterprise Oil plc in 1984. He had a number of business development and finance roles there, and was Group Treasurer from 1993 until 1995 following which he joined UK listed Hardy Oil and Gas plc as Finance Director. He subsequently became Finance Director of UK listed Premier Oil plc, and then a director and Chief Financial Officer of First Calgary Petroleums Ltd (a Canadian listed oil company). Mr. van der Welle holds a BSc (Hons) degree in Electronic Engineering from Southampton University, and is a member of the Institute of Chartered Accountants in England and Wales, the Association of Corporate Treasurers and the Chartered Taxation Institute.