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The Company and its Management

The Company is incorporated in the Republic of Ireland and has two wholly owned subsidiaries: Sandhaven Oil & Gas Limited., a US company (Delaware incorporated), which is to be the owner of mineral leases and a licensed operator of the wells in the US and Sandhaven Securities Limited, which holds strategic investments in listed or unlisted companies.

The corporate and investment business is managed from Zurich, Switzerland, whilst the direct US operations will be managed from Dallas, Texas.

The founding management of the Company are:

Mr Ian Ilsley FCCA, FinstD - Chairman and Finance Director

Ian has over twenty years experience in the trust and offshore management business. Since 1998, Mr Ilsley has, been the Managing Director of Garnham & Co., a Bermudian corporate consultancy/corporate finance business. He has significant experience in the public company arena, having been a director of several U.K. and U.S. listed companies. Ian's professional qualifications ensure that he is in constant update with the ever changing corporate governance, international financial standards and reporting requirements.

Mr. Alfred Robertson - Non Executive Director

Alf has over 30 years experience in the engineering and construction sector of the conventional oil and gas business. He has presided over a number of major world-class energy development projects, which include the first BOOT water supply project in Malaysia in 1987; the offshore installation, hook-up and commissioning of the Mossgas Project facilities in South Africa in 1990; and the largest decommissioning project in the world to date - Shell's Brent Spar in the North Sea in 2000.

He has served as a Consultant in a number of areas and currently has interests in Sudan, the Middle East and the Far East. His skills and experience encompass the complete range of oil and gas related sectors, including drilling, equipment, pipeline design and construction, offshore installation, construction and commissioning.

He holds Directorships in a number of companies in the energy sector in the UK, Africa and the Middle East.