Previously Mr. Hill was founder, President and CEO of Valkyries Petroleum Corp., a publicly traded oil and gas company which was the subject of an $800 million takeover. Mr. Hill previously served as General Manager of Lundin Oil AB's operations in Malaysia and Sudan. Mr. Hill has over 25 years experience in the oil industry including international new venture management and senior exploration positions at Occidental Petroleum and Shell Oil Company. In addition, Mr. Hill was a senior director of Tanganyika Oil which was the subject of a $2 billion takeover by Sinopec. His education includes a Master of Science degree in Geology and Bachelor of Science degree in Geophysics from Michigan State University as well as an MBA from the University of St. Thomas in Houston.

Mr. Kabra has over 24 years experience in the oil industry including senior operational and international new venture management positions at Addax Petroleum, Lundin Oil and International Petroleum. He is a Chartered Accountant from India and has a Bachelors degree in Law from the University of Delhi, India. He has also completed his LLM in Petroleum Law and Policy from the University of Dundee, UK. Prior to his joining ShaMaran Petroleum, Mr. Kabra was working as the General Manager Kurdistan in Addax Petroleum and was involved in the development of the Taq Taq field. He was also the director of Taq Taq Operating Company Limited, the operator of the Taq Taq / Kewa Chirmila PSC in Kurdistan.

Mr. Bailey is a Chartered Financial Analyst with a Bachelor of Commerce degree from the University of Calgary. He has worked in the energy investment business, specifically investment banking for the past 19 years. Mr. Bailey was a Managing Director of Network Capital; prior thereto he was a Managing Director of Corporate Finance at Peters & Co. Limited, a Calgary based investment firm specializing in oil and gas. He is the founder of, and has organized, the initial public offerings for a number of oil and gas exploration, production and oilfield services companies. Mr. Bailey has assisted in many growing and start-up oil and gas companies by providing advisory services, primarily for mergers and acquisitions. Mr. Bailey presently is President and CEO of Fortress Energy Inc. and also serves on the Board of Directors for Africa Oil Corp., Phoenix Technology Income Fund and Crystal Lake Resources.

Mr. Schneiter is a graduate of the University of Geneva were he obtained a degree in Geology and a masters degree in Geophysics. Since 1993 Mr. Schneiter has worked within the Lundin Group of Companies and is currently Executive Vice President and Chief Operating Officer of Lundin Petroleum AB. As COO, he leads an experienced team of oil and gas professionals who are responsible for Lundin Petroleum's worldwide exploration and production operations. Over the years, Mr. Schneiter has been instrumental in the discovery of several major oil fields for the Lundin Group, including, among others, in Libya, Sudan and Malaysia. Mr. Schneiter also serves on the Board of Directors for Enquest PLC.

Mr. Guidry has over 25 years experience in the oil and gas industry at senior management levels. Mr. Guidry has an extensive background and proven track record in international petroleum development and project execution. A Petroleum Engineer by training, he is an Alberta-registered Professional Engineer with expertise in diverse environments ranging from deep-water West Africa and the Gulf of Mexico, South American rainforests to the deserts of the Middle East. Most recently, Mr. Guidry was President of Tanganyika Oil where he led the company from an early stage oil development project in Syria to a $2 billion takeover by Sinopec International Petroleum in late 2008. Mr. Guidry is currently President and CEO of Orion Oil and Gas Corporation.

Mr. Edgar has been active in public markets for over 25 years. A graduate of the University of British Columbia law school, Mr. Edgar practiced corporate and securities law in Vancouver for 16 years before retiring in October 1992 to establish Rand Edgar Investment Corp., an investment/banking, venture capital company in the business of providing early stage venture capital to high growth companies and in providing advisory services concerning corporate structuring, finance, business strategies, private and public securities offerings and relations with regulatory authorities, lawyers, accountants and technical consultants. Mr. Edgar serves on the Board of a number of public companies.