Mr. James R. Renfro, 49, owner and manager of the companies, has been in the oil business since 1981 with the exception of two years in business school at The University of Chicago obtaining his MBA (Finance) and two years in New York City as an investment banker in the corporate finance department at Dean Witter Reynolds Inc. His oil and gas background includes six years with Exxon Company, USA as an engineer and two years as an energy investment banker with EnCap Investments. Mr. Renfro has been an independent oil and gas operator since 1993.

Mr. Philip E. Hart, 51, consultant, has over 25 years experience managing and optimizing oil and gas operations in California, Texas, Louisiana, Illinois, Florida, Indonesia, Saudi Arabia, Libya and United Arab Emirates. Mr. Hart is currently President and owner of Omega Technologies, Inc. and Excalibur Ventures, Inc., Seabrook, Texas. From 1996 to 2000 Mr. Hart was President of Plains Illinois, Inc., Bridgeport, IL. Plains Illinois Inc. operates over 2,200 active wells with 70 company and contract employees. Mr. Hart earned a B.S. in Mechanical Engineering from Auburn University, Auburn, Alabama.

Mr. John L. Griffiths, Jr., 65, consultant, brings significant engineering expertise to the companies. His experience in the oil business begins in 1954 as a reservoir engineer for ARCO. Throughout the years, he has been involved in most aspects of the oil industry including owner and operator of a drilling contracting company and an oil and gas operating company. Mr. Griffiths educational background includes petroleum engineering studies at Louisiana State University and a B.S. in Mechanical Engineering from Southern Methodist University. Mr. Griffiths is currently providing consulting services for the companies and another small independent oil and gas company.

Mr. Sam Nicholson, 58, provides the accounting and financial controls for the companies. Mr. Nicholson has been in the petroleum accounting industry since the late 1980’s. He has been responsible for financial and operational accounting for both publicly and privately held companies. He is a CPA and received his BBA Accounting in 1978 from the University of Texas at Arlington .