Mr. Vilas joined Tristone Capital in February 2007 as Managing Director of the Buenos Aires office. Mr. Vilas has over 25 years experience as an investment banker, most of which dedicated to serving the energy industry in Latin America, having been based in Buenos Aires, Caracas and London. He has been actively involved in M&A, Project Finance, Public Equity, Capital Markets and Structured Finance transactions for the Oil & Gas, Power and Petrochemical sectors. Since 1995, Mr. Vilas has led or been a key participant in teams conducting M&A and Capital Markets transactions for over $10 billion in Colombia, Ecuador, Venezuela, Argentina, Peru, Trinidad & Tobago and Bolivia. Before joining Tristone, Mr. Vilas was Managing Director in charge of the Latin American activities of Scotia Waterous having overseen the establishment and development of that firm's practice since the opening in 2001. Prior thereto, Mr. Vilas was the Managing Director in charge of J.P. Morgan Chase's Energy Group for Argentina. Mr. Vilas is a native Spanish speaker and is fluent in French, Portuguese and Italian, in addition to English. He holds a Degree in Business Administration from the Universidad Católica Argentina, in Buenos Aires, Argentina.

Ms. Carolina Sona joined Tristone in August 2007. She has over 13 years of experience in the oil and gas industry with companies such as AEC, Petrobras, CGC, Repsol and Pioneer. Ms. Sona has a diverse and extensive industry track record, having focused on reservoir engineering, operations, completions, exploitation, development, project evaluation, business development and acquisitions & divestitures. Her experience includes works in Argentina, Ecuador and Venezuela.

Ms. Sona holds a degree in Petroleum Engineering from the Instituto Tecnológico Buenos Aires (ITBA), in Argentina.

Ms. Gowland joined Tristone Capital in February 2007. Prior to joining Tristone she worked for BNP Paribas Asset Management for 7 years as Office Manager and Assistant to Managing Director in charge of Argentina's branch. Prior thereto she worked for C&A Modas S.A. for 5 years, reporting directly to the Chairman & CEO for Argentina. Ms. Gowland gained over 20 years of administrative experience with companies such as Petroquímica General Mosconi, Exprinter Banco and Banco Republica among others.

Mr. Ebbern joined Tristone in September 2002 and is currently Managing Director of Investment Banking.  His transaction experience includes conventional oil and gas, renewable energy, energy infrastructure, energy technology and oil sands.   Previous to investment banking, Mr. Ebbern was a senior oil and gas analyst for 10 years with the most recent position of Managing Director of Research at Tristone.  Prior to being an energy research analyst, he spent 15 years with three Canadian energy companies in roles including exploration geophysics, business development, energy marketing, midstream development, and project financing.

Mr. Ebbern holds a Bachelor of Science degree in Geological Engineering (Geophysics) from Queens University and an M.B.A. from the University of Western Ontario. Mr. Ebbern is a director of Wellspring Calgary (a cancer support centre) and is a volunteer on the Major Giving Committee of the Calgary United Way.

Mr. Vetters joined Tristone as a Managing Director in Investment Banking in July 2005. Prior thereto, he spent nine years at BMO Nesbitt Burns Inc and National Bank Financial Inc. His experience has been focused on the energy sector and includes transactions for oil and gas producers and royalty trusts, oil and gas service companies, electric and pipeline utilities, and mining companies. Mr. Vetters' transactional experience includes leading numerous equity and debt financings, merger and acquisition assignments and reorganizations and several restructuring assignments.

Prior to BMO Nesbitt Burns Inc., Mr. Vetters spent three years with Price Waterhouse with work focused on audit and consulting assignments for oil and gas producers and various non-oil and gas clients. Mr. Vetters is a Chartered Accountant and holds a Bachelor of Business Administration degree.

An original founder of Tristone, Mr. MacInnis focuses on corporate mergers and acquisitions, asset transactional activity, capital raising, and strategic advice for both public and private Canadian energy companies. Mr. MacInnis' transactional expertise and experience includes leading a wide variety of merger and acquisition, asset divestiture, strategic direction, and equity capital financings. Mr. MacInnis was previously an investment banker at a Canadian national investment firm and prior thereto a member of the merchant banking team at an energy focused investment management and merchant banking firm. Mr. MacInnis holds a Bachelor of Commerce degree from Saint Mary's University, a Petroleum Engineering degree from Southern Alberta Institute of Technology, and an M.B.A. degree from the Richard Ivey School of Business at the University of Western Ontario.

Mr. Birchall joined Tristone in June 2004 and is currently an Vice President, Investment Banking. Mr. Birchall holds a Bachelor of Business Administration (Honours) degree from Acadia University where he graduated as a member of the Dean's List and as a University Scholar. Mr. Birchall has passed the Level III test of the Chartered Financial Analyst program.

Mr. Chandrasekaran joined Tristone as an Associate in Investment Banking in September 2006. Prior to joining Tristone, he was with National Bank Financial's Corporate and Investment Banking Division and has also served as an Oil and Gas Analyst for Canadian Natural Resources Ltd. Mr. Chandrasekaran holds a Bachelor of Commerce Cooperative Education degree from the University of Alberta where he graduated with Distinction and as a member of the Dean's List.

Mr. Woitas joined Tristone in May 2005 and is currently an associate in the Investment Banking department. Mr. Woitas holds an MBA from the University of Calgary and a Bachelor of Commerce with specializations in Finance, International Business and Risk Management. Mr.Woitas was also recognized as a four time Academic All Canadian athlete while serving as Co-Captain of the University of Calgary men's hockey team.

Mr. Berg joined Tristone in May 2007 as an Analyst with the Investment Banking group. He completed the Bachelor of Commerce program at the University of Alberta School of Business in 2007, receiving a degree in Honours Finance with First Class Honours. Mr. Berg is currently enrolled as a Level 2 candidate in the Chartered Financial Analyst program.

Mr. Morton joined Tristone's Investment Banking Group in May 2007. Mr. Morton graduated with distinction with a Bachelor of Commerce from Dalhousie University, specializing in Finance. While at Dalhousie he earned Academic All-Canadian honours and was awarded the D.C. Mackay Award for Money Management. He is a CFA candidate in the Chartered Financial Analyst program and has passed the level 1 exam.

Mr. Muldoon joined Tristone's Investment Banking Group in May of 2007. Prior to joining Tristone, Mr. Muldoon worked in Research for an energy focused investment bank and managed his own business.

Mr. Muldoon graduated with Distinction from the Sauder School of Business at the University of British Columbia, with specialization in Finance.

Mr. Osborne joined Tristone in January of 2008, and is currently an analyst in the Investment Banking department. Mr. Osborne graduated from the University of Calgary's, Haskayne School of Business in 2007, with a concentration in Finance. He is currently enrolled as a Level I candidate in the Chartered Financial Analyst program. Prior to joining Tristone, Mr. Osborne managed his own custom home building business, building spec homes in Calgary's inner city.

Mr. Gatto joined Tristone in 2001. Prior to Tristone, Mr. Gatto was a senior geologist at a mid-sized Canadian producer in the Business Development group. Mr. Gatto was responsible for generating and evaluating corporate and asset acquisition opportunities as well as divestiture and rationalization programs. Mr. Gatto has 29 years of experience as a Petroleum Geologist both as an independent consultant and with several Canadian E&P companies. In addition to the diverse Western Canadian exploration and business development background, is project experience in South America, Southern Europe, North Africa, Canadian Beaufort Sea / Mackenzie Valley as well as Unconventional reservoirs.

Mr. Gatto holds a Bachelor of Science degree in Geology from the University of Calgary.

Mr. van Staalduinen has over seventeen years of technical experience in the oil and gas industry. Most recently, Mr. van Staalduinen headed up his own engineering consulting firm focusing primarily on acquisitions. Prior thereto, he was Vice President of a engineering consulting group and Chief Operating Officer of a Canadian oil and gas service company. He previously spent 10 years with a senior Canadian producer in a variety of roles including reservoir engineering, economic evaluations, exploration engineering, as well as acquisitions and dispositions.

Mr. van Staalduinen holds a Bachelor Applied Science degree in Chemical Engineering.

Ms. Smith Low joined Tristone in 2002, from a Canadian oil and gas service company where she served as a Vice President and an Officer. Prior thereto Ms. Smith Low spent 7 years with a senior Canadian E&P company in a number of exploration engineering and research capacities. Ms. Smith Low holds a Bachelor of Science from the University of Calgary.

Mr. Sodero has recently joined Tristone Capital and brings 13 years of work experience. Prior to this appointment, Mr. Sodero was Manager of Reservoir Engineering at a mid-sized, gas-focused Canadian producer. He has also worked as a senior reservoir simulation engineer on international and western Canadian oil projects for a major independent producer. Mr. Sodero holds a Master of Science Degree in Chemical Engineering and a Bachelor of Science Degree in Chemical Engineering from the University of Calgary.

Ms. Kerr joined Tristone in 2002. Prior to joining Tristone, Ms. Kerr was president of a successful consulting company for 12 years, providing support to the oil and gas industry. Prior thereto, she worked as a geologist for several majors. Ms. Kerr holds a Bachelor of Science Degree in Geography from the University of Alberta and a Bachelor of Science Degree in Geology from University of Calgary.

Mr. Marchesin joined Tristone in July 2004. With over 25 years of upstream oil and gas experience in Western Canada, Mr. Marchesin has held technical, consulting and management positions with intermediate to major producers. His diverse engineering experience and knowledge covers the areas of production engineering, operations, completions, exploitation, development, evaluations, and acquisitions and divestitures. Mr. Marchesin holds a Bachelor of Science in Engineering from the University of Alberta, is a registered professional engineer, a member of the CIM and is involved with the Calgary-Chinook Scout Foundation.

Steve Woima joined Tristone in June 2006. Most recently Mr. Woima was VP Exploration of a private exploration company. Mr. Woima has over 14 years of oil and gas exploration experience with primarily junior to major independent exploration and production companies. Mr. Woima has been a successful prospect generator and evaluator with a strong track record of finding oil and gas in Western Canada. Mr. Woima holds a Bachelor of Science degree in Geology from the University of Calgary.

Mr. Keenan joined Tristone's acquisitions and divestitures department in 2007. Prior to joining Tristone, he worked as a simulation engineer for a reservoir engineering consulting company. Mr. Keenan graduated with distinction from Queen's University with a degree in Engineering Physics and is currently finishing his Masters of Engineering degree at the University of Calgary specializing in Multidisciplinary Reservoir Characterization.

Mr. Johnson joined Tristone in September 2003 as an analyst in Investment Banking. In June 2006 he transferred to Tristone's Acquisitions and Divestitures group. Mr. Johnson holds a Bachelor of Commerce with Distinction from the University of Calgary where he specialized in Finance.

Ms. Kennedy has 20 years of experience in the oil and gas industry including several senior Canadian and US exploration and production companies. Prior to joining Tristone in 2004, Ms. Kennedy was a Principal Consultant with Landmark Graphics Canada. Ms. Kennedy holds Bachelor of Science degrees in Geology and Computer Science from the University of Saskatchewan.

Emma O'Marr joined Tristone's Acquisitions and Divestitures group in October 2007 from a private exploration company. Ms. O'Marr has 18 years of exploration experience in the oil and gas industry working primarily as a Geological Technologist for small to intermediate Canadian companies. Ms. O'Marr holds a Bachelor of Science degree in Zoology from the University of Calgary.

Ms Ward joined Tristone in 2004 as an Associate, Acquisition and Divestitures. Ms Ward has 15 years experience as an Operations Technologist with Junior E & P companies and holds a Petroleum Technology Diploma from Southern Alberta Institute of Technology.

Shelly Hopp joined Tristone in 2002. Prior to Tristone she spent eight years with a publicly traded oil and gas service company. Ms. Hopp has developed skills in data management and technical document development. Ms. Hopp is an active volunteer with The Cystic Fibrosis Foundation.

Ms. Vogel joined the Tristone A&D Group in March 2005. She gained experience in the oil and gas industry as an assistant in an oil and gas research firm and in corporate finance. Ms. Vogel has completed both the Geology and Engineering Technician programs at SAIT.

Ms. Wylie joined Tristone's A&D team in 2004. Ms. Wylie brings with her over 13 years of executive assistant experience, 9 years at an advertising agency and has now worked in the oil and gas industry for over 4 years. Ms. Wylie is a Senior Associate on the International Agriculture Committee for the Calgary Exhibition and Stampede. She has served over 8 years on the committee and continues to be actively involved with the Calgary Stampede.

Mr. Vankka joined Tristone in September, 2002 as Managing Director, Institutional Trading. Prior to that, he spent seven years at Peters & Co. Limited, a Canadian energy investment bank. During his time at Peters & Co., the company was one of Canada's most active traders of oil and gas securities. Mr. Vankka was most recently Co-Head, Institutional Trading and preceded that as Principal, Corporate Finance.

Mr. Vankka is a Chartered Accountant and holds a Chartered Financial Analyst designation. He has a Bachelor of Commerce degree with distinction from the University of Calgary.

Mr. Abbott joined Tristone in May 2002 as Managing Director, Institutional Trading. He was previously Vice President - Trading responsible for setting up the institutional trading department at Acumen Capital Partners. Prior to Acumen, Mr. Abbott was an institutional trader at Newcrest Capital Inc. and Peters & Co. Limited. He began his career in Toronto in 1986 and spent 9 years working as an institutional trader for Canagex, McNeil Mantha and Merrill Lynch Canada.

Mr. Abbott holds a Bachelor of Arts degree from the University of Calgary.

Mr. Hilton joined Tristone in May 2006 in institutional sales. Prior to joining the firm, he spent the last three years at Canetic Resources Trust where he was employed as Director, Investor Relations, through its growth from a $400 million market capitalization to approximately $5 billion. He began his career in Canada's oil and gas industry in 1994 with the Petroleum Services Association of Canada, and has also served in senior investor relations capacities at Prudential Steel Ltd. and Enserco Energy Service Co. Ltd., both which were acquired by U.S. competitors. He holds a Bachelor's degree from Mount Royal College.

Before joining Tristone in September of 2002, Mr. Colcleugh ran Duke Energy's power marketing business in the de-regulated Ontario electricity market. Previously, Mr. Colcleugh managed Duke's Canadian energy merchant banking business which focused on investing in oil and gas producers and properties. Before Duke, Mr. Colcleugh spent 2 years with a private boutique merchant banking firm structuring and investing resource flow -through limited partnerships. Prior thereto, Mr. Colcleugh worked at the Investment Funds Institute of Canada.

Mr. Colcleugh holds a Bachelor's degree in Economics and an MBA from the Richard Ivey School of Business at the University of Western Ontario.

Mr. Robinson joined Tristone in October 2003 as Vice President, Institutional Sales. Before joining Tristone, he worked in the institutional sales division of TD Newcrest/Newcrest Capital for four years. Prior to that, Mr. Robinson spent two years working for Loewen, Ondaatje, McCutcheon Ltd., an institutional equity firm.

Mr. Street, MBA, has spent more than 15 years specializing in Canada's oil and gas industry. As an institutional oil and gas research analyst, he gained marketing and finance expertise while a member of two of Canada's most successful oil and gas companies. Prior to joining Tristone, Mr. Street was with Griffiths McBurney Partners. Since 1997, he has been an integral member of Calgary's oil and gas research business. In addition to his work with GMP, Mr. Street has been a director of the Small Explorers and Producers Association of Canada since 1995. Mr. Street became a partner in 1999.

Mr. Street holds an Honors Bachelor of Arts degree in Business Administration from the Richard Ivey School of Business at the University of Western Ontario.

Mr. Grosky joined Tristone Capital Inc. in March 2002. Prior to Tristone, he was Vice-President, Operations and Chief Compliance Officer at a boutique Canadian Investment firm. Prior thereto, Mr. Grosky spent five years at RBC Dominion Securities and TD Securities in various trading capacities.

Mr. Grosky holds a Bachelor of Arts degree from the University of Calgary and a Fellowship awarded by the Canadian Securities Institute. Mr. Grosky has represented Canada internationally as a member of National Volleyball Team and professionally as a player in the European leagues.

Mr. Bruce joined Tristone in March 2007 as Associate, Institutional Trading. Prior to joining Tristone, Mr. Bruce worked for TD Waterhouse in a retail trading capacity for high value clients. Preceding TD Waterhouse, Mr. Bruce worked as a Proprietary Equity Trader for an international day trading firm. Mr. Bruce holds a Bachelor of Arts degree from the University of Lethbridge and is a candidate in the Chartered Financial Analyst program.

Mr. Rayton joined Tristone as an Investment Advisor with the private client group in November 2005, and has recently moved to the Institutional Sales group. Prior to that, he spent 5 years in the private client division at RBC Dominion Securities Inc. where he specialized in complete portfolio management with a primary focus on the energy industry. Mr. Rayton now focuses exclusively on the global energy sector and is committed to providing our institutional clients with the most comprehensive energy investment advice.

Mr. Rayton has a bachelors degree in Economics from the University of Calgary and holds the Financial Management Advisor (FMA) designation from the Canadian Securities Institute.

Mr. Theal joined Tristone in September 2002 and is responsible for institutional equity research. Prior to Tristone, he was a research analyst at CIBC World Markets Inc. for four years. Prior to CIBC, Mr. Theal was a corporate analyst for a major Canadian integrated oil and gas company. Mr. Theal was previously an officer in the Canadian Navy and is decorated with the Canadian Peacekeeping Service Medal for UN service abroad.

Mr. Theal has a Bachelor's degree, with distinction, in Economics and Political Science from Royal Roads Military College and an M.B.A. degree from the University of British Columbia. Mr. Theal is a Chartered Financial Analyst. He is a member of the Executive Committee of the Calgary Branch of the RMC Club of Canada.

Prior to joining Tristone in 2004, Mr. Feltin was employed as a project management consultant for several senior Canadian oil and gas producers. Mr. Feltin has had various technical roles in the upstream energy industry including production, field operations and reservoir engineering. He has previously acted as an executive member of the Heavy Oil section of the Petroleum Society of CIM.

Mr. Feltin holds a Bachelor of Applied Science in Industrial Systems Engineering and is a registered Professional Engineer with APEGGA. He also holds an MBA from Queen's University with a finance specialization.

Mr. Janzen joined Tristone in September 2007 as an Institutional Research Associate. Prior to joining Tristone, Mr. Janzen worked for 4 years in the upstream portion of a large US integrated Oil and Gas Company in various planning and financial roles. Mr. Janzen holds a Bachelor of Arts in Economics from the University of Calgary and is a Chartered Financial Analyst.

Ms. Lopez joined Tristone in 2004. Her most recent duties include the coverage of the Royalty Trust sector. Prior thereto, Ms. Lopez worked at a Canadian Investment Bank as an Institutional Research Associate with responsibilities in aiding in the coverage of various Oil & Gas Producers and Oil & Gas Service Companies.

Ms. Lopez holds a Bachelor of Commerce degree in Finance and a Bachelor of Arts in Spanish from the University of Calgary. Ms. Lopez is a Chartered Financial Analyst chartholder.

Mr. Rawson joined Tristone in 2003, having gained over 13 years of finance experience from various corporate and corporate advisory roles. Most recently, Mr. Rawson acted as a consultant to the target in a major Canadian M&A transaction, assisting in the conversion of the target into a Trust. Prior thereto, Mr. Rawson held senior roles in corporate development and planning at a senior Canadian producer and a global diversified company, focused on M&A activities. Previously, he worked in investment banking and capital markets for five years at Nesbitt Burns in Calgary and Toronto.

Mr. Rawson holds a Bachelor of Commerce degree with Distinction from the University of Alberta, and an M.B.A with Honors from the University of Chicago.

Mr. Tasdemir joined Tristone Capital in March 2006 to establish research coverage of the Oilfield Service sector. Prior thereto, Mr. Tasdemir spent 10 years as an Oilfield Service analyst for Raymond James & Associates. Mr. Tasdemir previously worked for Zurich Kemper Investments in Chicago, and also served as an analyst on the William C. Conner Investment fund.

Mr. Tasdemir is a graduate of Texas Christian University where he received his degree in finance.

Mr. Cerny joined Tristone in June of 2006. Prior to joining Tristone, Mr. Cerny was an Institutional Research Associate with Peters & Co., specializing in the Oilfield Services Sector. Prior thereto, Mr. Cerny articled with Ernst and Young in the Corporate Audit and Assurance Group.

Mr. Cerny holds a Bachelor of Commerce degree in Accounting from the University of Calgary and a Chartered Accountant designation.

Mr. Knight joined Tristone in September 2004 as a Research Associate. His most recent duties focus primarily on junior oil & gas producers and royalty trusts. Prior thereto, Mr.Knight worked as a junior analyst for a senior Canadian oil and gas producer. Mr.Knight holds a Bachelor of Commerce degree in Finance from the University of Calgary and is a Level II Candidate in the Chartered Financial Analyst program.

David joined Tristone in February 2006 as an Institutional Research Associate. Prior to that, he was employed as a Geologist with a senior Canadian producer, gaining exploration experience with a variety of plays in the Western Canadian Sedimentary Basin. David holds a Bachelor of Science in Geology from the University of British Columbia and an MBA from the University of Victoria.

Mr. Kwan joined Tristone in April of 2007 as an Institutional Research Associate. Prior thereto, Mr. Kwan spent close to 4 years working in various technical roles in the downstream energy sector including operations, process design, and project engineering. Mr. Kwan holds a Bachelor of Science degree in Chemical Engineering, with Distinction, from the University of Alberta and is a registered Professional Engineer in Training with APEGGA. He has also passed all 3 levels of the CFA examination and will be eligible for the Chartered Financial Analyst designation upon completion of the required work experience.

Mr. Mosby joined Tristone Capital in March of 2003 as an Investment Advisor for the Private Client Group. Prior to joining the firm, Mr. Mosby was employed at RBC Dominion Securities where he specialized in the Oil & Gas sector and alternative investments. While at RBC, he built a very successful business offering his clients a wide variety of investment products including portfolio management, life insurance and retirement planning. Mr. Mosby provides access to Institutional Research & Trading as well as various investment opportunities including new issues of both public and private companies and flow-through share offerings to our retail clientele.

Mr. Mosby is also involved in minor hockey in various capacities from coaching to fundraising for local teams and tournaments.

Mr. Dunham joined Tristone Capital in September 2004 as Investment Advisor in the Private Client Group. Prior to Tristone, Mr. Dunham was an Investment Advisor for 3 years with an independent Canadian Investment dealer focusing on the oil and gas sector. Mr. Dunham holds a Bachelors degree in Economics with a concentration in Applied Energy and is currently working towards a designation as a Fellow of the Canadian Securities Institute (FCSI)

Mr. Kehler joined Tristone in May of 2002. Mr. Kehler was Chief Financial Officer of an emerging national investment dealer where he was active in investment banking activities. From 1999 to 2001, Mr. Kehler was the Chief Financial Officer of a telecommunications company in Calgary, focused on mergers and acquisitions. Prior to 1999, Mr. Kehler held various positions over a seven year period with a major international accounting firm culminating in the position of Senior Manager - Corporate Finance.

Mr. Kehler holds a Bachelor of Commerce degree from the University of Saskatchewan and has the designations of Chartered Accountant, and Chartered Financial Analyst.

Ms. McRiane joined Tristone in May 2008 as Office Manager & Human Resources Administrator. Prior to joining Tristone Ms. McRiane was at Raymond James for 14 years culminating in her title as Branch Administrator and Executive Assistant, Managing a staff of 85 people. Prior to Raymond James, Ms. McRiane was at McDermid St. Lawrence, a boutique trading firm specializing in Junior Capital Pools and venture trading. Prior thereto Ms. McRiane was at CIBC Wood Gundy as a  Sales Assistant and then as Branch Administrator overseeing a group of 75 employees. Ms. McRiane started her industry experience with First Marathon Securities in 1989 and has called Calgary home for the last 20 years.

Ms. Tsutsumi joined Tristone in January 2007. Prior to joining Tristone, Ms. Tsutsumi was the Manager, Financial Compliance at the Investment Dealers Association of Canada. For almost six years prior to joining the IDA, Ms. Tsutsumi was Chief Financial Officer and Vice President of a Canadian boutique brokerage firm, where she was also involved in investment banking activity. Ms. Tsutsumi obtained her Chartered Accounting designation with Ernst & Young Chartered Accountants in 1994, and commenced her securities industry career at the Alberta Stock Exchange in 1995, where she was responsible for financial and sales compliance, as well as corporate finance regulation.

Mr. Ng joined Tristone in October 2005. Prior to Tristone, Mr. Ng spent five years as a Senior Investigator with the Investment Dealers Association. Prior to that role Mr. Ng was a Compliance Officer with CIBC World Markets and prior thereto was a Registered Options Representative with CIBC Investor Services. Mr. Ng holds a Bachelor of Arts in Economics from the University of Calgary.

Rita Sivadas joined Tristone Capital in May 2002, as Operations Manager. Prior to that, she spent over seven years at Peters & Co Limited with the Syndication & Operation Department.

Ms. Tiberio was one of the first employees at Tristone, joining in September 2000, and bringing with her 20 years experience. Prior to joining Tristone, Ms. Tiberio was Business Manager for Rob Peters' group of companies and Event Planner for Peters & Co. Ltd. From 1995 to 1997 Ms. Tiberio worked with the Investment Banking area of Yorkton Securities assisting in due diligence for company financings and before joining Yorkton she set up the Calgary office for Marleau Lemire Securities.

Lita joined Tristone Capital as a Senior Accountant. She spent 2 years with a transfer agent and registrar company as Account Manager. Prior to that, Lita has 4 years of management consulting experiences with various consulting companies in Singapore. She has also spent 7 years in the area of audit, sales operations and business finance with Compaq Computer. Lita holds a Bachelor of Business Administration (Honours) with a major in Finance and Accounting from Simon Fraser University.

Mr. Vasquez joined Tristone in January 2007 as a Senior Accountant. Prior to joining Tristone Mr. Vasquez worked in several companies in Accounting and Finances fields in North and South America bringing with him more than 6 years of experience. Mr. Vasquez was a Financial Analyst in the National Venezuelan Oil Company (PDVSA), one of the biggest in the world. Prior to that, he was Senior Auditor in Price Waterhouse & Coopers where he worked within many companies in the utilities and energy sector. Mr. Vasquez holds a Bachelor of Accounting from the Catholic University in Caracas Venezuela and a Master in Business Administration with specialization in Finances.

Ms. Lussier joined Tristone Capital in April 2007, and is responsible for corporate branding, marketing and communications. Ms. Lussier brings over 15 years experience in graphic design and corporate communications to Tristone. Prior to joining Tristone, she spent 9 years running her own design and communications firm in Calgary for corporate, education, non-profit, and government sectors. Ms. Lussier obtained a Bachelor of Arts from the University of British Columbia in 1990.

Mr. Topp joined Tristone in March 2008 as Principal of Information Technology. Mr. Topp brings over 16 years of IT experience to Tristone from several industries. Prior to joining Tristone, Mr. Topp served in senior IT roles as a System Analyst for an international Engineering Firm and Infrastructure Solutions Architect with an IT consulting group.

Mr. Williams joined Tristone as a Managing Director in Investment Banking in October 2007. Prior to joining Tristone Mr. Williams spent over eight years with Simmons & Company International. His transaction experience has been focused on advising oil and gas services companies having executed numerous merger and acquisition assignments and financings for clients in the United States and Canada.

Mr. Williams holds a Bachelor of Science degree in Industrial Engineering from Rensselaer Polytechnic Institute and Masters of Business Administration degree from Harvard Business School.

Mr. Goddard joined Tristone Capital Houston office in March 2007. Prior to Tristone, he was an Senior Vice President in Friedman Billings Ramsey's Energy Investment Banking Group. At FBR Mr. Goddard was involved in originating and executing over $2 billion in public and private capital markets and advisory transactions for E&P, midstream, and alternative energy clients. Prior to FBR, he was VP Finance at a small pipeline development company. Prior to that, he worked in the energy investment banking group at CIBC World Markets where he was involved in multiple equity, debt, and advisory assignments for the E&P, oilfield service, and midstream sectors. Mr. Goddard received his B.B.A. in Finance from Southern Methodist University.

Mr. Strand joined Tristone's Houston Investment Banking Group in May 2007. Prior to Tristone, he was an analyst with GulfStar Group, a boutique investment bank focused on sell-side mergers and acquisitions. Prior to GulfStar, Mr. Strand was an analyst in the corporate development group at Oil States International, a diversified oil services company. Mr. Strand attended Indiana University, where he received a Bachelor degree in Finance and was a member of the men's tennis team.

Vebs Vaishnav joined Tristone Capital as an Associate in Investment Banking in April 2008. Prior to Tristone Capital, he worked at RBC Capital Markets as an Oil Services Equity Research Associate. Before that, Mr. Vaishnav worked at JPMorgan in their Oil Services Corporate Banking group.

Mr. Vaishnav holds a Masters in Business Administration degree with concentration in Finance from University of Houston.

Mr. Bilger began his oil and gas career with Marathon Oil after earning a BSBA degree from the University of Missouri and an MBA from Northwestern University's Kellogg Graduate School of Business. He was Executive Vice President, CFO and Director of Samson Investment Company from 1999-2001 and held the same title with Ashland Exploration from 1987-1998. Mr. Bilger was Director of Acquisitions for Apache Corporation from 1984-1987. He has directed the negotiations and closings of more than $12 billion of acquisitions and divestitures during his career.

Mr. Bilger is a member of IPAA and its Business Development and CFO Roundtables, as well as being a member of TIPRO, the Houston Producers' Forum, and on the Board of Directors of IPAMS.

Mr. Redfield joined Tristone in May 2004, with over 14 years of petroleum engineering, finance and acquisition and divestiture experience in the oil and gas industry. Prior to joining Tristone, Mr. Redfield founded and co-managed Wells Fargo Energy Advisors having closed over $550 MM in transaction during his three year tenure. Mr. Redfield spent three years with GE Capital where he gained experience associated with oil and gas equity and debt financing. From 1990 to 1998, Mr. Redfield acted as a senior member of BP Amoco's Acquisition and Divestment Group closing over $1.1B in transactions. Prior to getting an MBA, Mr. Redfield worked for Chevron USA and Kaiser Francis Oil Company in various petroleum engineering roles.

Mr. Redfield holds a Bachelor of Science degree in petroleum engineering from The University of Tulsa and a M.B.A. in Finance from The University of Texas.

Mr. Simon brings to Tristone 24 years of experience in the upstream sector of the oil and gas industry. Over the last 16 years, he has specifically focused on the acquisition, development and divestiture of oil and gas properties. Mr. Simon has since managed more than $1.8 billion in transactions. Prior to joining Tristone, he was a principal with Grey Horse Energy Partners, LLC. He has also served as Chief Investment Officer of JMI Energy Associates I, LLC, where he coordinated the company's acquisitions. Prior to JMI, he was Executive Vice President of Fleet Energy, LLC, which was formed as a management buyout of Destec Energy, Inc.'s natural resource assets. Mr. Simon managed the acquisition and divestiture of natural gas reserves at Destec Energy, Inc. where he became Vice President of its oil and gas subsidiary. He began his career as a Petroleum Engineer with ARCO Oil and Gas Company, Inc.

Mr. Simon received a B.S. in Petroleum Engineering from Texas A&M University in 1983 and a MBA from the University of Texas at Austin in 1991. He is a member of the Society of Petroleum Engineers and the Houston Producers' Forum. He currently serves on the Board of Directors and is an ex-President of The Periwinkle Foundation, a non-profit organization that provides camping and recreational programs to children that are patients at Texas Children's Cancer Center.

Mr. Cox has more than 25 years of oil and gas technical experience, focused on reservoir engineering studies in the U.S. and internationally. He began his career with Exxon in 1981 upon graduation from Louisiana State University. During his nine years with Exxon, he was a Reservoir Engineer, a Drilling Engineer, and finally a Senior Staff Engineer for the Reservoir Technology New Ventures Group. Mr. Cox joined Netherland, Sewell & Associates, Inc. in 1990, holding the position of Senior Vice President where he successfully managed and oversaw integrated reserve and resource studies, including oil and gas property appraisal, reserve certifications and resource assessments. He is a Registered Professional Engineer in Texas.

Jerry Gips has over 38 years of experience in the oil and gas industry including employment at Texaco and Bartling Oil Company.  In 2000 he joined Tristone Capital after working 18 years as a consulting geologist.  Since 1997 he has worked on A&D projects with experience in most major producing basins including the Rocky Mountain, Permian and Panhandle, as well as in the Gulf Coast, Oklahoma, Texas, Louisiana, Mississippi, Alabama and offshore Gulf of Mexico.

Mr. Gips was awarded a patent for the use of CO2 to recover hydrocarbons from groundwater.  He has a Bachelor of Science degree in Geology from the University of Texas, is a licensed geologist in the State of Texas and is an active member of AAPG, HGS, the Houston Producer’s Forum and West University Rotary Club.

Mr. Hopkins brings over 25 years of diversified experience in all phases of the E&P business. He began his career as a petroleum engineer with Houston Oil and Minerals Corporation in 1976, and later held various technical and management positions with Tenneco Oil and Apache Corporation. In 1996 he joined Enervest Management Co. where he was Division Manager and later Sr. VP of Operations, leading the successful assimilation of over $125 million in acquisitions. Most recently, Mr. Hopkins served as Vice President - Acquisition Evaluations with Xpronet Resources, where he led the acquisition evaluation efforts for that company from 2001-2002. Mr. Hopkins also worked as an independent petroleum consultant for various E&P clients.

Mr. Hopkins earned a B. S. in Petroleum Engineering with honors from the University of Texas at Austin in 1975, and is a Registered Professional Engineer in the State of Texas. He is a member of the Society of Petroleum Engineers, Houston Producers' Forum, and Houston Chapter of API.

Mr. McNichol joined Tristone Capital in 2006. Mr. McNichol has 25 years of varied experience in the E&P industry. Prior to joining Tristone, Mr. McNichol was a partner in Hite, McNichol & Associates, Inc., an established engineering consulting firm in Houston. As a consultant Mr. McNichol's clients included major E&P companies, independents, financial institutions, law firms and large landowners. He has over 15 years experience in acquisitions and divestitures including marketing assets for clients, advising buyers, evaluating exploration ventures and issuing fair market value opinions. Mr. McNichol began his career with Amoco Production Company as a production and reservoir engineer with an emphasis on tight gas sands and secondary recovery. In 1989, Mr. McNichol joined Cox & Perkins Exploration as lead reservoir engineer with a focus on Gulf Coast and Austin Chalk exploration. Mr. McNichol later joined the consulting firm that was predecessor to Hite, McNichol & Associates, Inc. and was named partner in 1999.

Mr. McNichol earned a B. S. in Geological Engineering from Michigan Tech in 1981. He continued his education with Amoco in-house training and business studies at University of Houston. He is a member of the Society of Petroleum Engineers, the Houston Producers Forum and is a past officer of the Society of Petroleum Evaluation Engineers. Mr. McNichol is Registered Professional Engineer in the State of Texas.

Mr. Perley joined Tristone in May 2004. Mr. Perley has over 20 years of economics and acquisition and divestiture experience in the oil and gas industry. Prior to joining Tristone, Mr. Perley founded and co-managed Wells Fargo Energy Advisors having closed over $550 MM in transaction during his three year tenure. From 1990 to 2000, Mr. Perley acted as a senior member of BP Amoco's Acquisition and Divestment Group closing over $1.8 B in deals. Earlier in his career at Amoco, Mr. Perley held various financial analyst positions including treasury and economic evaluation of international projects since 1982.

Mr. Perley holds a Bachelor of Arts degree in Economics from Princeton University and a MBA from The Wharton School of Business.

Tom Andreen joined Tristone Capital in February 2003, and has more than 30 years of experience in petroleum engineering activities. Prior to joining Tristone Capital, Mr. Andreen worked in various aspects of drilling, production and reservoir engineering. His experience includes analysis of conventional oil and gas properties, as well as expertise in non-conventional assets including coal bed methane, shale gas, tight gas, waterfloods, and CO2 floods. While at Tristone Capital, Mr. Andreen has worked numerous areas and has expertise in the Mid-Continent, Permian, Gulf Coast, South Texas, East Texas, North Louisiana and Rocky Mountains.

Mr. Andreen is a registered professional engineer in the State of Texas and a member of the Society of Petroleum Engineers. He graduated from the University of Texas at Austin in 1978 with a Bachelor of Science degree in Petroleum Engineering.

Jim Coe started his career in the petroleum industry in 1970 as a reservoir engineer. Mr. Coe has analyzed natural drive reservoirs, waterfloods, miscible floods and is experienced with field development in both conventional and low permeability reservoirs. His experience includes most geologic environments, including deltaic, shoreline, continental, shallow water, deep water, and thrust belts as well as a variety of geographic locations including the Gulf of Mexico, Rocky Mountains, Southeast U.S., West Texas, Canada, North Sea, South Africa and Venezuela.

Mr. Coe joined Tristone Capital in 2006. He has a BS in Petroleum Engineering from Texas A&M University and is a member of the Society of Petroleum Engineers.

Doug Cowan joined Tristone Capital in 2005. He has over 35 years of domestic oil and gas experience which includes 20 years with Pennzoil and Total. He later worked as an independent consultant and served as Regional Exploration Manager (Enstar) and has participated in drilling over 1,000 wells in his career.

Mr. Cowan has worked East Texas, North Louisiana and the Gulf Coast producing trends as a geologist and geophysicist in exploration, lease sales, prospect generation, development drilling, unconventional reserves analysis and A&D. He also has exposure to the Ft. Worth, Anadarko, Arkoma and Williston basins. Mr. Cowan is fluent in Geographix, Kingdom and Petra.

Mr. Cowan has a BA in Geology from Trinity University, 2 years of graduate school at New Mexico Tech and is a member of the American Association of Petroleum Geologists, International Association of Mathematical Geologists, Society of Petrophysicists and Well Log Analysts, Canadian Well Logging Society and the Houston Geological Society.

Terry Davidson has 35 years of diversified experience in all phases of petroleum geology. Prior to joining Tristone Capital in 2006, he worked for El Paso/Coastal Corporation, Western Geophysical, American Trading and Production, Comexco and C&K Petroleum. His experience includes exploration plays, field development and property A&D, detailed structural and sand trend mapping, and production type maps utilizing subsurface and geophysical methods.

Mr. Davidson is a registered Professional Geologist with the State of Texas. He has a BS in Geology from the University of Houston and a MAG in Resource and Environmental Management from Southwest Texas State University. He is a Certified Petroleum Geologist through the American Association of Petroleum Geologist and the American Institute of Professional Geologist and an active member of the Society of Exploration Geophysicist and the Houston Geological Society.

Robin Gaines joined Tristone Capital in March 2007 and has 14 years of experience in the oil and gas industry. Prior to joining Tristone Capital, Ms. Gaines spent 11 years at Netherland, Sewell & Associates, Inc. as a Petroleum Analyst Coordinator where she specialized in the management and development of economic models for US and international oil and gas properties, database manipulation and technical document generation, editing and standardization.

Ms. Gaines graduated with honors from Louisiana State University with a Bachelor of Science degree in Mathematics.

Philip Pavlich joined Tristone Capital in August 2005 and has 29 years experience in petroleum engineering. Prior joining Tristone Capital, Philip worked at Tri-Union Development and Atasca Resources as a reservoir and operations engineer. His assignments included projects with secondary recovery operations, identifying A&D related upside opportunities, and implementing drilling and workover projects. While at Tristone Capital he has been the lead engineer on assignments in the Rockies, Oklahoma, Permian Basin, Panhandle, Gulf Coast, and offshore Gulf of Mexico.

Mr. Pavlich is a registered professional engineer in Texas and a member of the Society of Petroleum Engineers. He has a bachelor’s degree in Petroleum Engineering from the University of Texas and an MBA degree in Finance from the University of Houston.

Jane Reiss has 37 years experience as a Petroleum Geologist in exploration and development geology and geophysics. She has worked as a senior geologist for Tristone Capital since June of 2003. Ms. Reiss has worked in both technical and management positions with major and independent oil and gas companies. Her responsibilities have included prospect generation, field development, reserve calculations, wellsite evaluation, seismic acquisition and interpretation, oil and gas expert witness testimony, and A&D. Ms. Reiss has worked A&D in the onshore and offshore Gulf Coast, East Texas, South Texas, Anadarko Basin, Texas Panhandle and Permian Basin.

Ms. Reiss is a certified professional geologist in the State of Texas and a member of numerous professional societies. She has a Bachelor of Science degree in Geology from Indiana University.

Mrs. Synnott joined Tristone in June 2007. Mrs. Synnott has over seven years of experience in acquisition and divestiture transaction execution. Prior to re-joining Tristone, Mrs. Synnott was an Associate at LaSalle Corporate Finance, where she focused on sell-side transaction advisory across multiple industries, and, prior to that, she was an Associate with Wells Fargo Energy Advisors, where she focused on oil and gas property divestitures. Mrs. Synnott began her career as a Financial Analyst at Enron Corp. Mrs. Synnott earned a Bachelor of Arts degree in Economics from Vanderbilt University. She is a member of the Junior League of Houston and is a DePelchin Children's Center Volunteer.

Jim Zavitsky has 21 years oil and gas experience. He has been with Tristone Capital since March of 2000. Mr. Zavitsky has previously worked for Amoco Production Company in a variety of assignments including both conventional (primary and secondary) and enhanced recovery projects (CO2 Flooding). Mr. Zavitsky has worked A&D in most major basins including the Rocky Mountain, Mid-Continent, Permian, Panhandle, and Gulf Coast as well as a number of coalbed methane packages in the Powder River and Cherokee Basins.

Mr. Zavitsky is a registered professional engineer and a member of the Society of Petroleum Engineers. He has a bachelor degree in Chemical Engineering from the Pennsylvania State University.

Doug Rogers joined Tristone Capital in 2008 after working five years for ExxonMobil as a reservoir engineer.  He worked a variety of assignments and gained experience including reserves analysis, field development and economics, lease negotiation, and scoping-level simulation.  Assignments were in south Texas, California, and various locations onshore and offshore in the Middle East and Eurasia.

Doug earned a Bachelor of Science degree in Chemical Engineering from Brigham Young University in 2003.  In 2008 he graduated from the University of Texas with a Masters degree in Business Administration.

Mr. Cossich joined Tristone Capital in September 2007. Mr. Cossich is a 2007 graduate of Washington & Lee University, where he earned a Bachelor of Science degree in Business Administration.

Ms. Fox joined Tristone in February 2006. Ms. Fox is a 2005 graduate of Louisiana State University, where she earned a Bachelor of Science degree in Psychology with a Minor in Business Administration. She is a member of the Houston Producers' Forum.

Erin Pleva joined Tristone Capital in October 2007 after working at Netherland, Sewell & Associates, Inc. as a Petroleum Analyst. Prior to that, she was employed with Duke Energy North America, where she provided custom weather forecasts to traders. Ms. Pleva is a 1998 graduate of Texas A&M University where she earned a Bachelor of Science degree in Meteorology.

Ms. Yuen joined Tristone Capital in November 2007. Ms. Yuen is a 2007 graduate of The University of Texas at Austin, where she earned a Bachelor of Arts degree in Economics.

Ms. Bednarz joined Tristone Capital in November 2007. Ms. Bednarz is a 2007 graduate of the University of Texas at Austin, where she earned a Bachelor of Science degree in Corporate Communications.

Robert Mendiola joined Tristone Capital in August 2005. He has 13 years experience in domestic and international geological mapping. Prior to joining Tristone Capital, he worked at First Seismic Corporation as a GIS Technician and Technical Illustrator. His assignments included marketing seismic data packages and data management. His software skills include GeoGraphix, Petra, ArcGIS and SMT.

Andrea Richardson joined Tristone Capital in January 2008. Ms. Richardson is a 2007 graduate of The Art Institute of Houston, where she earned a Bachelor of Fine Arts degree in graphic design.

Jill Botkin joined Tristone Capital in September 2008. Mrs. Botkin has more than 15 years experience in desktop publishing and spent the last 8 years as a Lead Presentation Specialist at Goldman Sachs.

Mrs. Botkin holds a Bachelor of Science degree in Newspaper Journalism from Kent State University.

Ms. McMahan joined Tristone in 2007 as an Executive Assistant in the Investment Banking Group. Prior to joining Tristone she was the office manager at Arctas Capital Group working closely with the Managing Directors/Co-Founders of the firm.

Mr. Davis has 28 years of industry experience both with Buy and Sell side institutions. He was also a AVP at Merrill Lynch with primary analyst coverage of the Domestic E&P companies from 1981-1984. Mr.Davis also served as a Managing Director/Partner for Warburg Pincus (now CSAM), Beck Mack and Oliver, and Cowen (now TCW) both as an analyst with primary energy coverage and portfolio manager. Mr. Davis was a SVP at Trust Company of the West on the small cap value team. He further managed 1988's #1 performing closed-end mutual fund, Counsellors Tandem Fund, as rated by the Lipper Survey. Prior to joining Tristone in January 2007, he was an institutional salesman for Petrie Parkman, a US-based energy boutique firm from 2001 to 2006.

Mr. Davis was a past member of National Association of Petroleum Investment Analysts (NAPIA) and the Oil Analyst Group of New York. Mr. Davis graduated from Bowdoin College with a degree in Mathematics and Geology in 1979.

Mr. Racanelli joined Tristone in January 2007 as Vice President & Director, Institutional Trading. Prior to Tristone, Mr. Racanelli was Head of Institutional Trading at energy boutique Petrie Parkman and Co. Before Petrie Parkman, he spent seven years on the floor of the New York Stock Exchange trading for Credit Suisse First Boston and Morgan Keegan and Co. Mr. Racanelli holds a Bachelors of Science degree with an emphasis in management from the University of Northern Colorado.

Ms. Acierno joined Tristone in January 2007. Prior to Tristone, she spent ten years as an institutional salesperson and equity sales trader with Petrie Parkman & Co., a well-respected energy boutique. In all she has over 20 years of energy-related experience including Vice President of Investor Relations for Basin Exploration and was a member of Apache Corp.'s Investor Relation's team. She began her career as a research assistant for the E&P sector at PaineWebber.

Mr. Chewning joined Tristone in January 2007 as Vice President, Institutional Trading. Before joining Tristone, Mr. Chewning was an equity sales trader with energy boutique Petrie Parkman & Co. in Denver, Colorado. Prior to that, he was a Vice President with Morgan Keegan & Co. on the floor of the New York Stock Exchange, where he worked for six years. Before that, he was employed by HSBC Securities for one year, also at the NYSE. Mr. Chewning began his career working for OppenheimerFunds Inc. in New York, where he worked for four years on the sales desk. Mr. Chewning holds a Bachelor of Science Degree from Seton Hall University.

Mr. Ulrich joined Tristone in July 2007 as Associate, Institutional Sales. For 5 years, prior to Tristone, Mr. Ulrich was an institutional salesperson and operations manager at Petrie Parkman and Co., a well respected energy boutique. Before Petrie Parkman, he worked at Janus Capital as an investment specialist. Mr. Ulrich holds a Bachelor of Science degree in Accounting from Metropolitan State College of Denver.

Mr. Busnardo joined Tristone Capital in January 2007 to establish institutional research coverage of the U.S.-based small/mid-cap E&P group. Prior to joining Tristone, he spent six years as a research analyst at Petrie Parkman & Co. covering the small/mid-cap E&P group with an emphasis on activities in the Rockies. While at Petrie Parkman, Mr. Busnardo increased the size of his coverage group from eight companies to eighteen and maintained this level of coverage while losing ten additional companies through merger transactions. Prior to Petrie Parkman, Mr. Busnardo worked in various accounting, finance and investor relations positions with Barrett Resources over six years. Mr. Busnardo holds a Bachelor of Science degree in Accounting (minor in Finance) from Metropolitan State College of Denver. He is a member of the National Association of Petroleum Investment Analysts (NAPIA).

Mr. Chow joined Tristone Capital in July 2007 and is responsible for institutional equity research coverage of the U.S. independent refining and integrated oil and gas companies. Prior to Tristone, Mr. Chow spent five years as a senior research analyst for Merrill Lynch and Petrie Parkman & Co. covering the U.S. independent refiner group. Prior to his analyst positions, Mr. Chow worked in investment banking at Houlihan Lokey Howard & Zukin for three years and various financial positions at ARCO for five years.

Mr. Chow holds an M.B.A. from the University of Michigan and a Bachelor of Science degree in Civil Engineering from the University of Texas.

Mr. Syed joined Tristone Capital in January 2007 as Vice President and Director to initiate the company's oilfield services research practice in the United States. He joined Tristone from Petrie Parkman & Co. where he had started the oilfield services research practice for the firm in 2002. For his 2006 research coverage, Mr. Syed was ranked number four amongst all analysts and first amongst oilfield services analyst for earnings forecast accuracy by StarMine and Forbes. Mr. Syed has been affiliated with the oil and gas industry for over twenty years, first as a wireline field engineer with Schlumberger oilfield services, and later as an equities analyst with Deutsche Bank and JP Morgan Securities. At Schlumberger, he provided formation evaluation and testing services in the Middle East to some of the largest oil and gas companies in the world. At Deutsche Bank and JP Morgan Securities, Mr. Syed provided equity coverage on a number of domestic, European and South American oil and gas companies.

Mr. Syed received a M.B.A degree from Yale University and a B.S. degree in Engineering from the University of Engineering & Technology, Lahore, Pakistan. He is an active member of the National Association of Petroleum Investment Analysts.

Mr. Magner joined Tristone Capital's Denver office in January 2007 and is responsible for providing institutional equity research coverage of the Large and Mid-Cap U.S. independent E&P companies. Prior to Tristone, he spent five years with Petrie Parkman & Co. providing research coverage of the Mid-Cap U.S. E&P sector and maintaining the firm's natural gas macroperspective. Prior thereto, Mr. Magner worked seven years in equity research with various firms on both the sell-side and the buy-side.

Mr. Magner holds a Bachelor of Science degree in Business Administration, cum laude, from the University of Colorado at Boulder and a Masters of Science in Finance degree from the University of Denver. Mr. Magner is a Chartered Financial Analyst charterholder.

Mr. Buller joined Tristone Capital in February of 2007 as a Research Associate. Prior to Tristone, he was employed by First Albany Capital where he served as a Research Associate focusing on the small and mid-cap U.S. E&P sector. Mr. Buller holds a Bachelor of Science degree in Business Finance, cum laude, from the University of Denver.

Mr. Dolsen joined Tristone Capital in July of 2007 as an Institutional Research Associate. His most recent duties include coverage of the U.S. independent refiners. Prior to Tristone, he was employed by Merrill Lynch and Petrie Parkman & Co., specializing in the downstream sector and integrated oils. Prior thereto, Mr. Dolsen worked as an analyst with a high yield and distressed debt fund manager, specializing in the energy and autos sectors.

Mr. Dolsen earned a Bachelor of Arts degree in Economics from the University of Colorado at Boulder.

Mr. McCormick joined Tristone in January 2007 as a Research Associate. His most recent duties include research focused on the Oilfield Services Sector. Prior to joining Tristone, Mr. McCormick was a Research Associate with Petrie Parkman & Co., specializing in the Oilfield Services Sector. Mr. McCormick earned a Bachelor of Science degree in Business Finance with a Minor in Economics from Montana State University.

Mr. Wren joined Tristone Capital's Denver office in March 2007 as an Institutional Research Associate. His most recent duties include research focused on U.S. independent E&P companies. Prior to Tristone, Mr. Wren spent three years with Stifel Nicolaus as a research associate covering the Media sector.

Mr. Wren holds a Bachelor of Science degree in Financial Mathematics and Statistics, with honors, and a Bachelor of Arts degree in Economics, with honors, from the University of California, Santa Barbara. Mr. Wren has completed the Series 7, 66, 86 and 87 licensing exams and is currently a Level III Candidate in the Chartered Financial Analyst program.

Mr. Hines joined Tristone Capital's Denver office in June 2007. Prior to Tristone, he was the Financial and Operations Principal as well as Chief Compliance Officer for Petrie Parkman & Co. for sixteen years. In addition, Mr. Hines also spent over 20 years in the energy and securities industries in various financial and accounting positions.

Mr. Hines holds a Bachelor of Science degree in Accounting from the University of Colorado and is a Certified Public Accountant.

Mr. Stephenson joined Tristone in March 2007. Prior to joining Tristone Capital he worked at JPMorgan Chase in Investment Banking as a Senior Associate in Syndicate Originations in New York for almost two years, and prior to this as a Sales/Trade support analyst in Domestic Institutional Trading at Lehman Brothers in New York.

Mr. Stephenson holds an M.B.A. in Finance from the State University of New York at Oswego in 1997.

Ms. Shelton joined Tristone in 2007 as the Business Manager of the Denver office. Prior to joining Tristone she worked in the administrative department of Petrie Parkman & Co. for four years. Ms. Shelton worked closely with the Chairman and CEO and provided accounting, back office and front office support.

Mr Ashby-Rudd joined Tristone Capital in September 2005 as Executive managing Director of International Operations. Prior to joining Tristone, Mr Ashby-Rudd managed the London operations of Waterous & Co between 2002 and 2005 and was responsible for expanding the business threefold over this time period. Before joining Waterous, Mr Ashby-Rudd spent 12 years working in Energy investment Banking, initially for Dresdner Kleinwort Benson and then at Citigroup. Mr Ashby-Rudd has focused throughout his career on the international E&P sector and has significant international experience having worked in Russia, Eastern Europe, the Far East and North America. During this time he has lived in Hong Kong, Australia and the USA which has provided him with a unique insight into the international E&P sector and a diverse international contact base.

Mr Shafiq joined Tristone Capital in September 2005 as Director, Investment Banking. Mr Shafiq joined Tristone after three years with Waterous & Co, where he was a Director responsible for international acquisitions and divestment transactions. Prior to joining Waterous, Mr Shafiq worked for Dynegy Trading in the UK where he was responsible for origination in the European gas markets and acquisitions in the UK gas and power market. Mr Shafiq started his career with Mobil in Europe where he worked for thirteen years in various functions including production and reservoir engineering and commercial roles.

Mr Shafiq holds an honours degree in Nuclear Engineering from Manchester University, a masters Degree in Petroleum Engineering from Heriot-Watt University and an MBA from London Business School.

Mr Morgan joined Tristone Capital in July 2006 as a Director of Investment Banking. Prior to joining Tristone, Mr Morgan worked at Williams de Broe, providing corporate finance and corporate broking services and advice to companies in the natural resources sector, working on transactions including IPOs, fund raisings, disposals and other M&A based activity. Previously to this, Mr Morgan worked at HSBC Investment Bank as a member of the Growth Companies team providing capital markets and M&A advice to a portfolio of retained clients. Mr Morgan qualified as a Chartered Accountant at PwC and graduated in Classics from Exeter University.

Mr. Beltgens joined Tristone as an Associate in the Investment Banking department in May 2007. Previously he worked in the global equity research group as a discretionary asset manager. Mr. Beltgens holds an MBA (Dean's list) from the University of Toronto, and a Bachelor of Science (with distinction) from the University of Victoria. He is currently enrolled in the Chartered Financial Analyst program.

Mr. Smith joined Tristone's Investment Banking Group in February 2005. He holds a Bachelor of Business Administration with Computer Science degree from Acadia University. Mr. Smith earned Academic All-Canadian honours and was awarded the Cox Medal & Cup, which is awarded annually to the most representative male student on the basis of excellence in intercollegiate athletics, other extracurricular activities and scholarship.

Mr. Smith has passed the Level III exam of the Chartered Financial Analyst program.

Mr. Colegrave joined Tristone's Investment Banking Group in March 2008. Prior to this, Mr. Colegrave worked for CIBC World Markets, initially on the European Graduate programme, where he gained extensive experience in all front offices, and subsequently he was promoted to an analyst for the Energy group within the Mergers & Acquisitions department. Mr. Colegrave began his career with Barclays Private Clients International as an Investment Manager.

Mr. Colegrave holds a Bachelor of Science degree in Banking & International Finance from Cass Business School, UK during which he was awarded and completed a one year scholarship at the University of Illinois, USA.

Mr. Llamas joined Tristone Capital in September 2005 as Managing Director, Acquisitions and Divestitures, with responsibility for international A&D transactions. Mr. Llamas joined Tristone after five and a half years with Waterous & Co, where he was a Managing Director of the London operation. Mr. Llamas has led acquisition and divestment projects located in the North Sea, the Middle East, North Africa, West Africa, Onshore Europe,Latin America and South East Asia. Prior to working in the A&D advisory sector, Mr. Llamas gained 14 years of technical experience with Shell, where he held a variety of geological and geophysical roles in both exploration and development teams and as the Lead Geoscientist at a 3D visualization centre located within Imperial College, London University serving both academia and the oil and gas industry.

Mr. Llamas holds an honours degree in Geology and Biology and a Master of Science degree in Sedimentology, both from the University of London.He is a member of the PESGB (Petroleum Exploration Society of Great Britain) and the EPNG (European Petroleum Negotiators Group).

Mr Bakker joined Tristone Capital in October 2006 as a Director of Acquisitions and Divestitures. Mr Bakker has gained over 20 years of international technical and commercial experience. He worked for Shell in Turkey, The Netherlands, Oman and the United Kingdom in a variety of functions in geology, geophysics and acquisitions & divestitures.

Mr Bakker holds a Master of Science degree in Geology from the University of Amsterdam, The Netherlands. He is a member of the Petroleum Exploration Society of Great Britain (PESGB), the Society of Petroleum Engineers (SPE - London Section) and of the European Petroleum Negotiators Group (EPNG). Until end 2007 Mr Bakker was a non-executive Director and board member of the Richmond Fellowship Employment and Training (RFET), part of the Richmond Fellowship Group, one of the biggest providers of mental health care in the United Kingdom.

Ms McAleer joined Tristone in October 2007 as Data Room Administrator for Acquisition and Divestitures. Ms McAleer has 13 years of experience in the oil and gas industry with Shell, based in Aberdeen, delivering multiple data rooms for the A&D team. Ms McAleer has an extensive industry track record delivering data rooms for mature assets as well as exploration opportunities. Assets divested include Kittiwake, Auk, Fulmar, Tern, Eider, Cormorant, Montrose, Arbroath and Curlew in the North Sea. Ms McAleer also has led data rooms internationally for opportunities in Norway and the Netherlands, and has transaction process experience in Egypt, Hong Kong and the Gulf of Mexico.

Ms McAleer holds a Diploma in Business Administration.

Mr. Chunara joined Tristone Capital in April 2007 as Associate, Acquisitions and Divestitures. Mr. Chunara joined with over 6 years of experience in both the upstream and downstream segments of the Oil & Gas industry. Prior to starting at Tristone, Mr. Chunara was employed as a Reservoir Engineer working on a number of North Sea assets for Total in Aberdeen. He also has experience in Reservoir Engineering with ConocoPhillips and worked for a year as a Process Engineer for Foster Wheeler Energy, working on the design of a downstream facility in Saudi Arabia.

Mr. Chunara holds a Master of Science degree in Petroleum Engineering from Imperial College, London and a Bachelor of Engineering degree in Chemical Engineering from University College, London. He is also a member of the London section of the SPE (Society of Petroleum Engineers).

Mr. Urquhart joined Tristone Capital in June 2007 as Associate, Acquisitions and Divestitures. Mr. Urquhart joined Tristone after three years with Pengrowth Corporation where he was a Reservoir Engineer responsible for evaluation and execution of development opportunities in their western Canadian assets. Mr. Urquhart started his career with Schlumberger Canada where he was a Field Engineer in their Well Services division. Mr. Urquhart holds a Diploma in Engineering from St. Francis Xavier University, a Bachelor of Science in Mechanical Engineering from Dalhousie University, and is a MBA candidate at the University of Calgary. He is also a member of the Canadian section of the SPE (Society of Petroleum Engineers).

Mr. Lesser joined Tristone Capital in June 2006 as Managing Director, Institutional Sales. He joined from UBS, where he was Director, European energy equities. He spent the previous eight years in the oil and gas equity research team. His team became Europe's number one oil and gas research team (Reuters, Exte, etc), and was voted the number one equity team across any industry in Europe. Mr. Lesser's expertise is in mid-cap equities, and with hedge funds and global investors. Mr. Lesser holds a Masters degree from Cambridge University.

Dr. Gr