Outside Directors

Dennis B. Goldstein - Attorney with over 25 years international business and mining law experience. Formerly Vice President and Corporate Counsel of Homestake Mining Company.

Arnold S. Grundvig, Jr. - President and Chief Financial Officer of A-Systems Corp. Graduate University of Utah and MBA Phoenix University.

Richard Hardman - Leading figure in North Sea exploration since 1969, VP exploration for Amerada Hess 1983-2002 responsible for North Sea discoveries at Val Hall, Scott & S.Arne.

H. Allen Turner - Retired from Devon Energy, Corp. (DVN: NYSE) in 2001 after twenty years as a senior financial executive, including Senior Vice President of Corporate Development.

Inside Directors

David Pierce - President and Chief Executive Officer
Attorney with over 25 years experience in natural resources, securities and international business law.  Graduate of Princeton and Stanford Law School.

Tom Lovejoy - Executive Vice President and Chairman
Over 30 years energy investment banking experience with Dillon Read., Blyth, Eastman Dillon, Paine Webber, and Prudential. Graduate of MIT-BS and Harvard-MBA.

Jerzy Maciolek - Vice President International Exploration
Over 25 years experience as a geophysicist with PGNiG, Gulf Oil Research and as a consultant.  MS in exploration geophysics from the Mining and Metallurgical Academy in Krakow, Poland.