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.