Board of Directors
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Graeme Phipps
Position: Non-Executive Director

Mr. Phipps has over 30 years of oil and gas experience with Exxon, CanOxy/Nexen, and PetroCanada. Most recently, in 2005, he was employed as Executive VP of PetroKazakhstan and was preparing to become President and CEO of this company when it was successfully sold for US$4.2 billion in late 2005 to China National Petroleum Corp. Mr. Phipps sits on the boards of several listed companies and is President and CEO of CEP International Petroleum Ltd.