Mr. Nicol joined Tristone Capital in September 2005 to build the international research, sales and trading capabilities in London. Prior to joining Tristone, Mr Nicol was Global Sector Director for Oil and Gas at ABN AMRO from 1999 to 2005, where he led the oil research into one of the top-rated teams in London. Previously Mr Nicol was Head of European Oil Research at Goldman Sachs (1993-1999) and S.G. Warburg 1988-1993. Mr. Nicol has extensive experience in oil industry privatisations including PetroChina, Petrobras, Repsol, ENI and Total and corporate transactions in the UK E&P sector involving Enterprise Oil, Lasmo and Ultramar. Prior to entering the financial community Mr. Nicol spent 6 years working for the British National Oil Corporation in a variety of commercial roles.

Mr. Pierce joined Tristone in May 2004 and is responsible for institutional equity research. His most recent duties include coverage of international companies out of the UK office. More recently he worked as a wellsite geologist over a period of five years for numerous companies across the Western Canadian Sedimentary Basin on a contract basis. Prior thereto, Mr. Pierce worked for three years across North and Latin America as a geologist in the mining and exploration industry.

Mr. Pierce holds a Bachelor of Science degree in Geology from the University of Victoria, and an M.B.A. from the University of Toronto.

Mr. Mirzai joined Tristone in May 2006 and is responsible for institutional equity research, covering international companies out of the London office. After a brief period with Texaco assisting the Joint Interest Properties team in Aberdeen, he worked within the Investment Funds industry as a fund accountant over a period of six years for several companies in Dublin, Luxembourg & Edinburgh. Mr. Mirzai holds a Bachelor of Science degree with Honours in Petroleum Geology and a M.Sc. from the University of Aberdeen, Scotland.

Mr. Van Erp joined Tristone in January 2007 as an Equity Analyst in the Institutional Research Department and is responsible for institutional equity research, covering international companies out of the London office. After a brief period with Shell Hydrogen as a business development analyst for Asia in Amsterdam he joined INTEC Engineering as a Offshore Pipeline and Marine Terminal Engineer in Delft. Mr. Van Erp holds a Bachelor of Engineering degree with Honours in Technology and Management of the Professional University of Amsterdam and a M.Sc. from the University of Aberdeen, Scotland.

Mr. Wilson joined Tristone in November 2007 and is responsible for institutional equity research covering international companies out of the London office. Mr Wilson started his career as a Wireline Logging Engineer with Western Atlas in Saudi Arabia and subsequently worked for nine years in technical and commercial roles for Baker Atlas Logging Services around the Middle East, The Netherlands and Norway.

Mr. Wilson  holds a Bachelor of Engineering degree from the University of Manchester, holds Chartered Engineer Status with the Institute of Materials, Minerals and Mining and completed an M.B.A. from INSEAD in 2007.

Ms. Loppacher joined Tristone in August 2007 as an Institutional Research Associate. Prior to that, she obtained her Masters of Financial Economics from the University of Oxford. Ms. Loppacher also holds a Bachelor of Commerce with a major in Finance from the University of Saskatchewan.