CEO of Noreco since July 2005. Holds over 27 years of experience from the oil industry and was previously the managing director for BP Norway. Has held positions as Business Unite Leader for Russia and Kazakhstan for Arco, and president for CIS and North Africa Regions Reservoir Engineering. Holds a Bachelor of Science degree in Petroleum Engineering from University of Wyoming. Kerr is an American citizen and resides in Jørpeland, Norway.

Scott Kerr holds 1 694 340 shares.

Has been with Noreco since Sept 2005. Holds a Master of Science degree in Marine Geology from the University of Bergen and over 25 years of exploration experience. Has previously held various exploration positions, including executive vice president for business development in Aker Kværner Geo. Seland is a Norwegian citizen and resides in Stavanger, Norway.

Reinert Seland holds 1 144 531 shares.

Jan Nagell joined Altinex in May 2004. He has 25 years’ experience within the Norwegian and international offshore industry, and has worked in all phases of the oil business, from exploration, construction to production. He gained a Master’s Degree in Business and Economics from the Norwegian School of Management (BI) in 1984. Nagell is a Norwegian citizen and resides in Bærums Verk, Norway.

Jan Nagell holds 59 550 shares.

Synnøve Røysland joined Altinex in September 2006. She has 18 years' experience in drilling; 2 years as field manager. For more than 10 years, Synnøve worked as drilling supervisor and superintendent in the North Sea - mainly with Norsk Hydro in Norway and also with DONG in Denmark. She has also been managing drilling projects in Egypt, Namibia and UK. Synnøve gained an MSc in Petroleum Technology from Stavanger Technical University in 1988. Røysland is a Norwegian citizen, and resides in Virum, Denmark.

Synnøve Røysland holds 15 948 shares.

Was business development manager, since Jan 2006. Holds over 25 years of commercial experience and previous positions include Business Development /A&D manager for BP Norway, commercial manager for Amoco Norway in addition to key positions across the upstream value chain in Norway and internationally. Holds a Msc of Business and Administration. Olsen is a Norwegian citizen, and resides in Stavanger, Norway

Thor Arne Olsen holds 1 284 734 shares.

Stig Frøysland joined Altinex Oil in August 2007. Stig has 20 years’ E&P experience from Norsk Hydro both in Norway and internationally where he held various senior HSE-management positions related to drilling, operations and production. In addition, he has been involved in strategic and tutorial work related to company-culture building and quality. Stig has a Diploma in HSE from Loughborough University, a degree from the Norwegian Police University College and studies in Law from Bergen University. Frøysland is a Norwegian citizen, and resides in Bergen, Norway

Stig Frøysland holds 57 019 shares.

Joined Noreco as HSE and Engineering Manager in Dec 2005. Took over current position in Sept 2007. Has more than 15 years experience in various subsurface, and has held various leadership positions in subsurface in BP, leading position in business management in Amoco, subsurface manager for Valhall and reservoir engineer in the Hod fields. Holds a MSc in Petroleum Engineering. Martinsen is a Norwegian citizen, and resides in Stavanger, Norway.

Rune Martinsen holds 983 085 shares.

Joined Noreco in Oct 2006. Holds over 13 years of various drilling operations and technology positions, including drilling manager for BP, project general manager Valhall Flank Development for Amoco, chief drilling engineer for Statoil in the North Sea. Holds a Bachelor of Science in Petroleum Engineering from the University of Stavanger. Borrevik is a Norwegian citizen, and resides in Stavanger, Norway

Birte Noer Borrevik holds 146 062 shares.

Mr. Gjelsvik joined Noreco in January 2006. Prior to joining Noreco, he held various positions in BP, including Business Development Analyst and Business Planning and Performance Management Team Leader for BP Norway. He holds approx 10 years of experience in the oil and gas industry. Mr. Gjelsvik holds a Master's degree in Business Administration, Strategic Management from the Norwegian School of Economics and Business Administration from 2004, as well as a Master's Degree in Science, Chemical Engineering from the Norwegian University of Science and Technology from 1996. Gjelsvik is a Norwegian citizen, and resides in Stavanger, Norway.

Einar Gjelsvik holds 85 205 shares.