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Board of Directors | Officers

James A. Watt, age 61, became a Director of our Company on April 16, 2007 and our President and Chief Executive Officer on April 17, 2007. Mr. Watt served as the Chief Executive Officer of Remington Oil and Gas Corporation since February 1998 and the Chairman of Remington since May 2003, until Helix Energy Solutions Group, Inc. (NYSE: HLX) acquired Remington in July 2006. From 1993 through 1997, Mr. Watt served as Vice President—Exploration of Seagull E&P, Inc., and from 1991-1993, he served as Vice President—exploration and exploitation of Nerco Oil and Gas. From August 2006 through March 2007, Mr. Watt served as the Chairman and Chief Executive Officer of Maverick Oil & Gas, Inc. (OTC: MVOG.OB). Mr. Watt currently serves on the Board of Directors of Pacific Energy Resources Ltd (TSE: PFE) and Helix. Mr. Watt received a B.S. in Physics from Rensselaer Polytechnic Institute.

Michael R. Keener, 52, has been the principal/owner since January of 2011 of KP Energy, a private company focused on providing Mezzanine Debt, Private Equity and Direct Asset ownership to North American Exploration and Production companies.  From October of 2009 until December of 2010, Mr. Keener served as Managing Director of Imperial Capital, LLC and from February 2003 until October 2009 he served as Principal and Managing Director of Petrobridge Investment, LLC.  Mr. Keener received a B.S. in Business Administration – Accounting from Bloomsburg University and an MBA from Loyola University.

Stephen P. Kovacs, age 42, served as a Managing Director of Strategic Value Partners, LLC where he was employed from 2004 until April 2011.  From 2010 to February 2011 he served on the Board of Directors of NextMedia Group.  Mr. Kovacs received an undergraduate degree from Cornell University, Cum Laude and an MBA from Columbia University.

Dr. Alexander A. Kulpecz, Jr., age 58, is currently managing EP Partner of Pulser Energy, LLP (London) an investment group focused on energy and CEO of Alexander Energy Limited (Houston).  He has served in these positions since 2006, and 2008 respectively.  From 1978 to 1998, Dr. Kulpecz had increasingly more responsible technical and management positions with the Royal Dutch Shell group concluding as Executive Director and Executive Vice President of Shell International Gas and Power.  From 1998 to 2000 he was President of Azurix International.  Dr. Kulpecz received a B.A. and MSC degree in Geology, an MBA from Henley (UK) and a PhD from Imperial College of Science and Medicine, University of London in subsurface petroleum engineering.

Emanuel R. Pearlman, age 51, has served as Chairman and CEO of Liberation Investment Group, LLC, a New York based investment management and financial consulting firm, since 2003.  From 2009 to the present Mr. Pearlman served on the board of Fontainebleau Miami JV, LLC as Chairman of the Audit and Compensation Committee and from 2010 to the present served as Chairman of the Board of Empire Resorts, Inc. From 2006-2010, Mr. Pearlman served on the board of Multimedia Games, Inc. Mr. Pearlman received an A.B. in Economics from Duke University and an MBA from Harvard Graduate School of Business.

Robert A. Schmitz, age 70, has served as Co-Founder of Quest Turnaround Advisors since 2000, an advisory firm serving debtors and creditors of distressed companies.  Mr. Schmitz was the Chief Restructuring Officer of Fontainebleau Miami JV, LLC in 2010 and of WorldSpace Inc. from 2008 to present.  From 2003-2007 he served as non-executive chairman of the board of Premium TV, Ltd.  From 2009-2011 he served on the Board of Sun Times Media Group which was sold to a private group of investors.  Mr. Schmitz received a BA in Economics from the University of Michigan and a SM from the Sloan School of Management at the Massachusetts Institute of Technology. Mr. Schmitz will serve as Chairman of the Board.

Eric R. Stearns, age 54, is currently President, CEO and a member of the Board of Directors of Puckett Land Company, a privately held Colorado energy company.  He has served in this position from July 2011 to present.  Mr. Stearns served from 1985-2009 in ever increasingly responsible technical and management positions with Petroleum Development Corporation concluding as Executive Vice President.  Mr. Stearns received a B.S. in Geology from Virginia Polytechnic Institute and State University.