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.

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. 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.

Mr. Halaoui joined Tristone in September 2008 as an Institutional Research Associate.  Prior thereto, Mr. Halaoui worked in the upstream segment of a major Canadian integrated oil and gas company in various technical roles.  Mr. Halaoui holds a Bachelor’s of Applied Science in Mechanical Engineering from the University of British Columbia and is a candidate in the Chartered Financial Analyst Program.