BOARD MEMBERS

Mr. Michael Bonte-Friedheim

(Non-Executive Chairman)

Mr Michael Bonte-Friedheim brings a wealth of expertise and experience in the energy sector to the company. He has over 15 years experience in the Investment Banking Industry, during which he focused primarily on the European Power and Energy Sector. Most recently, he was a Managing Director in Goldman Sachs' Energy and Power Team in the European Investment Banking Division. He previously worked in Morgan Stanley’s European Power and Utilities Team and, before that, at Credit Suisse First Boston. He left Goldman Sachs in August 2006. His experience includes multiple M&A, equity and debt transactions in the sector. Mr. Bonte-Friedheim has worked extensively with Italian energy and power companies. Mr. Bonte-Friedheim is the chairman of the Remuneration committee and also a member of the Audit committee.

Mr. Sergio Morandi

(Chief Executive Officer)

Mr Morandi has 27 years experience in oil & gas exploration, operations management and the acquisition, processing and interpretation of seismic data. He has worked at ENI, Coparex, ELF, Enterprise Oil, Shell Italia E&P and Shell International E&P.  From 1997 to 2003, he was a lecturer of Applied Seismology at Basillicata University in Italy and in 2002 and 2003 he was a Board Member of the Italian National Upstream Association (Associazione Mineraria Italiana).

Mr. Anthony Trevisan

(Executive Director)

As a founding director and shareholder of Mediterranean Oil & Gas, Mr. Trevisan was responsible for acquiring the Italian, Tunisian and Maltese assets and the Company’s IPO. He has over 20 years' corporate experience in financing, M&A and the restructuring of industrial, petroleum and mineral resources companies, including the establishment from start up of substantial operating businesses, public offerings and the listing of companies valued at over $1 bn. Has held senior executive positions in listed public companies with a wide range of interests including petroleum, mining, industrial and high technology interests such as Arabex Petroleum (Rubiales Petroleum Discovery), Callina NL (petroleum workover project at Komi Oil Field, Russia), Trident Petroleum Joint Venture with Conoco (now Conoco Phillips) in Papua New Guinea, Aqua Vital (Australia) Ltd (now owned by Coca Cola), amongst others.

Mr. Salvatore Russo

(Non-Executive Director)

Mr Russo holds a degree in Chemical Engineering and he began his career with Mobil (USA). In 1981 Mr Russo joined ENI S.p.A (State Energy Board). As director of Group Strategy and Planning he contributed to the entire re-organisation of the ENI Group and also participated in the privatization of ENI. Over a period of some twenty years Mr Russo has held very senior positions on the Boards of some of Italy's largest corporations including amongst others Chairman and CEO Saipem S.p.A, Chairman and CEO Snam S.p.A, Chairman and CEO Snam Rete Gas S.p.A (ENI Group), Currently Chairman and CEO EnerTAD S.p.A. In addition he has served on the Boards of Directors of a number of companies including Agip, AgipPetroli, EniChem and Italgas.

Mr. Peter R. Clutterbuck

(Non-Executive Director)

Broad exploration, development and production experience in the USA, North Sea, former Soviet Union (FSU), Latin America, Middle East, Africa and Asia. After a successful 15-year fast track career with the BP Group, managed independent oil companies for over 20 years. Has founded and developed, or turned around, many businesses still in successful operation. CEO of Toronto listed EastCoast Energy, operator of a large gas development in East Africa, and on the Board of AIM listed Meridian Petroleum. Founded and managed AIM listed Northern Petroleum. Has an Honours Masters degree in Engineering from Cambridge University, and has served on the Board of the London section of the Society of Petroleum Engineers since 1998. Mr. Clutterbuck is the Chairman of the Audit committee and also a member of the Remuneration committee.