BLUECREST ENERGY - Key Persons

Job Titles:

• Member of the Board of Directors
• Investment Banker

Mr. Gumbiner is an Investment Banker and a Solicitor of the Supreme Court of Judicature of England. He serves as Chairman of The Hallwood Trust, a Monaco and Dallas based family office which operates through its owned and affiliated operating subsidiaries that have for many years specialized in investing in and providing financing to diversified U.S. and U.K. companies. The Trust currently has investments in marketable securities and debt instruments, oil and gas, textile products, protective building systems, real estate investment and development in the United States and radio stations in the UK. Over the last 28 years Mr. Gumbiner has served as Chairman and Chief Executive of companies on the London Stock Exchange, The New York Stock Exchange, The American Stock Exchange and NASDAQ. Mr. Gumbiner today serves as Chairman and Chief Executive Officer of publicly held Dallas-based The Hallwood Group Incorporated, as a Director of BlueCrest Energy Inc, Wisent Energy PLC (formerly Silurian Hallwood PLC), MBI Leasing LLC, Hallwood Resources Poland Inc, Local Radio Company PLC and Damille Investments Limited, a Guernsey closed ended investment company listed on the specialist Fund market of the LSE. He has previously served as Chairman and Chief Executive of New Fulcrum Investment Trust PLC, an Investment Trust listed on The Stock Exchange, London and Chairman of The Local Radio Company PLC listed on The Stock Exchange, London.

Job Titles:

• Member of the Board of Directors
• Member of the Management Team
• Petroleum Engineer

Mr. Johnson is a petroleum engineer and business executive with over 40 years' experience in profitable development and responsible leadership of large U.S. petroleum assets. He grew up in Kenai, Alaska and worked his way through college in various jobs on Cook Inlet offshore oil platforms and on the North Slope. Mr. Johnson held various senior-level management positions for Atlantic Richfield Company (ARCO) including West Coast manager of reservoir engineering where he initiated the innovative Long Beach Unit re-development, adding more than 150 million barrels of incremental reserves. He also managed ARCO's major West Coast acquisition projects and reserve reporting. As ARCO's Eastern U.S. Crude Oil Marketing Manager, he co-managed the largest crude oil selling organization in the United States. As ARCO's Area Engineer for the Gulf of Mexico, he managed the largest offshore enhanced oil recovery project in the world at that time. As a young engineer for ARCO Alaska, he utilized the world's first commercial supercomputer to create the initial Kuparuk full-field development computer simulation and coordinated the early waterflood surveillance plans for Prudhoe Bay. Following his ARCO career, he co-founded Summit Resource Management, a consulting firm providing business/technical management for independent producers, led nationwide crude oil pricing reforms, and testified twice before the U.S. Congress on oil pricing issues. Mr. Johnson holds a BS in Petroleum Engineering from the University of Kansas and an MS in Engineering Management from the University of Alaska, Anchorage. He is a Registered Professional Engineer and serves on the Executive Committee of the board of directors for the Alaska Oil and Gas Association.

Job Titles:

• Member of the Management Team

Mr. Eells has a proven track record with more than 40 years of managing highly successful exploration projects across the North American continent. Prior to his position at BlueCrest, Mr. Eells was the Co-Founder & Executive Vice President of Milagro Exploration, LLC, where he oversaw an $825 MM acquisition and conducted wide-scale proprietary 3D seismic along the Gulf Coast. Earlier, Mr. Eells served as the Vice President of Mission Resources Corp., where he managed the development and drilling of 47 prospects over three years with an 83% success rate. Additionally, Mr. Eells was the North American Vice President of Exploration for El Paso Corp. / Coastal Corp., where he added over 300 Bcf with El Paso and 200 Bcf with Coastal. Mr. Eells has also worked for the following oil and gas exploration and production companies: High Plains Exploration, Lariat Exploration, Houston Oil & Minerals, Diamond Shamrock, and Mobil. Mr. Eells holds both a Bachelor of Science and a Master of Science in Geology.

Job Titles:

• Member of the Management Team

Job Titles:

• Member of the Management Team
• Accounting and Financial Executive

Mr. Sanders is a seasoned accounting and financial executive with significant experience in the oil and gas, financial, and technical services industries over the past 35 years. He was CFO of three NASDAQ listed companies in the U.S., successfully completed two IPOs and raised over $2 billion in both equity and debt in the private and public markets, and worked closely with private equity and venture capital investors. He has extensive experience with start-up businesses, regulatory financial reporting and internal control compliance, strategic planning, mergers and acquisitions, international operations, risk management, corporate governance, and treasury management. He was formerly a partner with KPMG, primarily serving independent oil and gas businesses and family interests, financial institutions, and private equity and hedge-fund firms. Mr. Sanders has a Bachelor of Business Administration in Accounting. He is a Certified Public Accountant, and active member of the American Institute of CPAs and Texas Society of CPAs.

Mr. Bievenour has over 30 years of experience in seismic acquisition and processing. Prior to joining BlueCrest, Mr. Bievenour served as Chief Geophysicist for Milagro Exploration LLC where he led their staff of geophysicists in all geophysical analysis, interpretation, seismic processing and data acquisition for the company. Mr. Bievenour served as an exploration geophysicist for Mission Resources, Inc. and then continued with Petrohawk, Inc. after its acquisition of Mission in 2006. While at Mission Resources, Inc., he was principally responsible for mapping and identifying the Lions Prospect in Goliad County, Texas which led to the discovery of Lions Field. Mr. Bievenour has also worked as a geophysicist with increasing levels of responsibility for Coastal Oil & Gas, Cities Service/Occidental, American Coastal Energy, and Hunt Oil Company. He has multiple credited discoveries in the Wilcox, Vicksburg, and North Louisiana Cretaceous Formations. Mr. Bievenour attended the United States Air Force Academy for two years and then transferred to Cornell University where he earned a Bachelor of Science degree in Geology.

Job Titles:

• General Partner
• Managing Member
• Member of the Board of Directors

Mr. Israel is a managing member of the General Partner, a managing member of the Manager and a member of the Investment Committee of One Stone Holdings, LP, the largest and controlling shareholder in BlueCrest Energy Inc. Mr. Israel was a Partner at Compass Advisers, LLP, a transatlantic strategic advisory and private investment firm with offices in New York, London and Shanghai. During his time at Compass, Mr. Israel was the head of the firm's energy practice. He has been involved in a wide range of energy related engagements, principal investments and corporate finance, including exclusive advisory to Lukoil on the formation of its strategic relationship with ConocoPhillips. Prior to joining Compass in May 2000, Mr. Israel was Head of the Energy Department of Schroder & Co. Inc., where he advised companies in all segments of the energy industry. Notable assignments include Conoco Inc. management on its separation from Dupont Inc., which resulted in the largest IPO completed, to that date, in U.S. history. Mr. Israel has initiated and been a principal in a number of energy related investments including Venture Production Company, Brasoil Do Brasil, Hart Energy, Canyon Offshore Company and Suelopetrol C.A. Currently, Mr. Israel is also a Director of Brasoil do Brasil, an independent E&P company based in Brazil; W&T Offshore, an exploration and production company operating exclusively in the U.S. Gulf of Mexico; Suelopetrol C.A., a Venezuelan company engaged in seismic data gathering and exploration for oil and gas; Hart Energy Publishing, a trade publishing company covering the energy sector; API, Inc. a company which manufactures secure equipment for U.S. and foreign government agencies. Mr. Israel holds an MBA from Harvard Business School and a BA from Middlebury College. He speaks Spanish and French and served in the U.S. Peace Corps in Latin America and West Africa.

Job Titles:

• Member of the Board of Directors

Mr. McKee served 37 years with ConocoPhillips and Conoco, Inc., including the last 10 years as Executive Vice President over worldwide Exploration and Production (1992-2002) and a member of the Conoco Management Committee. His early positions included drilling engineer, rig supervisor worldwide (mostly floaters), drilling manager, and Production Manager in the UK, Middle East and the U.S. He was promoted to a regional E&P manager in the U.S. with responsibility for, among other things, construction of the Milne Point project on Alaska's North Slope, followed by the positions of VP of E&P Technology and VP of Conoco Europe. During the last 10 years of his Conoco tenure, he successfully led the company into Venezuela, Indonesia, Vietnam and Russia, while moving Conoco's upstream business from a mid-pack player to one widely recognized as the best in the business. He integrated Conoco's and Phillips' upstream functions starting in 2001 and then retired from ConocoPhillips in 2003. Immediately following his Conoco retirement, he accepted an appointment by U.S. president George W. Bush as the Senior Advisor to Amb Bremer and the Iraqi Oil Ministry to lead the highly successful reconstruction of the Iraqi oil sector following the invasion of Iraq and subsequent ouster of Saddam Hussein. He later became the non-executive Chairman of Enventure Global Technologies (50/50 joint venture between Shell and Halliburton), from which he retired in 2009. He served on the board of directors of Parker Drilling until 2013. He is currently serving as a director of QEP Resources (NYSE: QEP), Post Oak Bank, Colorado School of Mines Foundation, and BlueCrest Energy. He holds a BS in Petroleum Engineering from the Colorado School of Mines and a Master of Science in Industrial Management from the MIT Sloan School.