People: Crimson Exploration Inc (CXPO.W)

Summary

Name	Age	Since	Current Position
Allan Keel	52	2005	President, Chief Executive Officer, Director
E. Joseph Grady	59	2005	Chief Financial Officer, Senior Vice President
Thomas Atkins	53	2005	Senior Vice President - Exploration
A. Carl Isaac	48	2010	Senior Vice President - Operations
Jay Mengle	58	2010	Senior Vice President - Engineering
Lee Backsen	71	2005	Independent Director
B. James Ford	44	2005	Independent Director
Lon McCain	64	2005	Independent Director
Zhaoxing Ni	55	2010	Independent Director
Adam Pierce	33	2008	Independent Director
Cassidy Traub	30	2009	Independent Director

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Biographies

Name	Description
Allan Keel	Mr. Allan D. Keel is President, Chief Executive Officer, Director Crimson Exploration Inc. Mr. Keel was Vice President/General Manager of Westport Resources, Houston office, during 2004. In this role he was responsible for its Gulf of Mexico operations including acquisitions, development and exploration. In 2003, Mr. Keel served as a consultant to both domestic and international companies in building their presence in the Gulf of Mexico. From mid-2000 until mid-2001, Mr. Keel served as a Vice President at Enron Energy Finance where he worked on private equity transactions and volumetric production payments. From mid-2001 through 2002, Mr. Keel served as President and CEO of Mariner Energy Company (“Mariner”), a majority owned affiliate of Enron. Subsequent to Enron’s bankruptcy and its decision to sell Mariner, Mr. Keel partnered with Oaktree Capital Management in an effort to acquire Mariner. From 1996 until mid-2000, Mr. Keel was Vice President/General Manager for Westport, where he established and built the Gulf of Mexico division. From 1984 to 1996, Mr. Keel was with Energen Resources where he directed the company’s exploration, joint venture and acquisition activities. Mr. Keel was initially appointed to the Board in 2005 by the holders of Series G Convertible Preferred Stock, par value $0.01 per share (the “Series G Preferred Stock”), pursuant to the rights granted the holders of such stock as set forth in the Certificate of Designations for such stock. The majority of shares of Series G Preferred Stock were formerly held by OCM GW Holdings, LLC (“Oaktree Holdings”), an affiliate of Oaktree Capital Management, prior to the conversion of all such preferred stock in December 2009. He received a Bachelor of Science degree and a Master of Science degree in Geology from the University of Alabama and a Masters of Business Administration degree from the Owen School of Management at Vanderbilt University.
E. Joseph Grady	Mr. E. Joseph Grady is Chief Financial Officer, Senior Vice President of Crimson Exploration Inc. Mr. Grady has over 35 years of financial, operational and administrative experience, including over 25 years in the oil and gas industry. Mr. Grady was managing director of Vision Fund Advisors, Inc. (“Vision Fund”), a financial advisory firm which he co-founded in 2001, until its dissolution in June 2008. He was formerly Senior Vice President-Finance and Chief Financial Officer of Texas Petrochemicals Holdings, Inc. from April 2003 to July 2004, Vice President-Chief Financial Officer and Treasurer of Forcenergy Inc. from 1995 to 2001 and held various financial management positions with Pelto Oil Company from 1980 to 1990, including Vice President-Finance from 1988 to 1990. Mr. Grady received a Bachelor of Science degree in Accounting from Louisiana State University.
Thomas Atkins	Mr. Thomas H. Atkins is Senior Vice President - Exploration of Crimson Exploration Inc. Mr. Atkins served as the General Manager—Gulf of Mexico for Newfield Exploration Company where he was employed from 1998 until joining the company. Prior to his tenure at Newfield, Mr. Atkins served in various exploration capacities with EOG Resources and its predecessor companies from 1984 to 1998, including prospect generator, development geologist and finally as Exploration Manager. Mr. Atkins also worked at the Superior Oil Company from 1981 through 1984. Mr. Atkins received a Bachelor of Science degree in Geology from the University of Oklahoma.
A. Carl Isaac	Mr. A. Carl Isaac is Senior Vice President - Operations of Crimson Exploration Inc. Mr. Isaac has more than 20 years of international and domestic experience in the oil and gas industry with previous senior management roles in engineering, operations and risk management. From 2007 to 2010, he was Executive Vice President of Beryl Resources, an oil and gas exploration and production company with operations in the Gulf of Mexico. Prior to joining Beryl Resources, Mr. Isaac served as the operating manager of oil and gas exploration and production for Equitable Production from August 1998 to April 2000, and he has previously served in operations management roles at Westport Resources, Kerr McGee and Enduring Resources. Mr. Isaac received a Bachelor of Science degree in Petroleum Engineering from Texas A&M University in 1987 and has served on its Industry Advisory Board since 2005.
Jay Mengle	Mr. Jay S. Mengle is Senior Vice President - Engineering of Crimson Exploration Inc. He was appointed Senior Vice President—Operations and Engineering on April 1, 2005 and served in that position until May 24, 2010, at which time he was appointed Senior Vice President—Engineering. Mr. Mengle joined the company after serving as the Shelf Asset Manager-Gulf of Mexico for Kerr-McGee Corporation subsequent to its 2004 merger with Westport Resources Corporation (“Westport”). Mr. Mengle was with Westport Resources from 1998 to 2004, where he started Westport’s Gulf Coast/Gulf of Mexico drilling and production operations. Prior to joining Westport, Mr. Mengle also served in various drilling, production and marketing management capacities at Norcen Energy Resources, Kirby Exploration and Mobil Oil Corp. Mr. Mengle received his Bachelor of Science degree in Petroleum Engineering from the University of Texas.
Lee Backsen	Mr. Lee B. Backsen is Independent Director of Crimson Exploration Inc. He is an oil and gas exploration consultant with 47 years experience in the industry holding senior exploration management positions with Burlington Resources Inc., UMC Petroleum Corporation, General Atlantic Gulf Coast Inc., Kerr-McGee Corporation, Pelto Oil Company, Spectrum Oil and Gas Company and Shell Oil Company. From 2004 to 2008, Mr. Backsen was Vice President—Exploration for Andex Resources, LLC, a private oil and gas producing company, and was responsible for sourcing exploration joint ventures. From 2000 to 2009, Mr. Backsen was a consulting geologist for Andex Resources, LLC, Continental Land & Fur Co., Inc., Drilling Risk Management Inc and Grant Geophysical, Inc., for whom he screened exploratory prospects in the Texas and Louisiana Gulf Coast Basins. Mr. Backsen has been re-elected to the company Board each year since his initial appointment. He earned a Bachelor of Science degree and Masters of Science degree in Geology from Iowa State University.
B. James Ford	Mr. B. James Ford is Independent Director of Crimson Exploration Inc. Mr. Ford is a Co-Portfolio Manager and Managing Director of Oaktree Capital Management. Before joining Oaktree Capital Management in June 1996, Mr. Ford was a consultant with McKinsey & Co., and a financial analyst in the Investment Banking Department of PaineWebber Incorporated. He currently serves as a director of EXCO Resources, Inc. (“EXCO”), and Cequel Holdings. Mr. Ford serves on the Board for several privately-held companies in which Oaktree Capital Management has invested. He also serves as an active member of the Children’s Bureau Board and as trustee of the Stanford Graduate School of Business Trust. Mr. Ford was initially appointed to the Board in 2005 by the holders of Series G Preferred Stock pursuant to the rights granted the holders of such stock as set forth in the Certificate of Designations for such stock. The majority of shares of Series G Preferred Stock were formerly held by Oaktree Holdings prior to the conversion of all such preferred stock in December 2009. He earned a Bachelor of Arts degree in Economics from the University of California at Los Angeles and a Masters of Business Administration degree from the Stanford University Graduate School of Business.
Lon McCain	Mr. Lon McCain is Independent Director of Crimson Exploration Inc. Between July 2009 and August 2010, Mr. McCain served as the Chief Financial Officer and Executive Vice President of Ellora Energy, Inc, an independent oil and gas exploration and production company. Before joining Ellora Energy Inc. in 2009, he previously served as Vice President, Treasurer and Chief Financial Officer of Westport, a , publicly traded exploration and production company, from 2001 until the sale of that company to Kerr-McGee Corporation in 2004. From 1992 until joining Westport, Mr. McCain was Senior Vice President and Principal of Petrie Parkman & Co., an investment banking firm specializing in the oil and gas industry. From 1978 until joining Petrie Parkman, Mr. McCain held senior financial management positions with Presidio Oil Company, Petro-Lewis Corporation and Ceres Capital. He currently serves as a director of the publicly held Cheniere Energy Partners L.P. and Continental Resources Inc. Mr. McCain was an Adjunct Professor of Finance at the Daniels College of Business of the University of Denver from 1982 to 2004. Mr. McCain has been re-elected to the company Board each year since his initial appointment. He received a Bachelor of Science degree in Business Administration and a Masters of Business Administration/Finance from the University of Denver. Mr. McCain provides the company Board with investment and financial experience in the oil and gas industry as well as accounting and audit experience. He also provides leadership skills, corporate governance and knowledge of the company business environment, which he has gained through his long career in the oil and gas industry. Mr. McCain brings years of public company management and board experience, including serving on audit committees of various energy and energy-related companies.
Zhaoxing Ni	Mr. Ni Zhaoxing is Independent Director of Crimson Exploration Inc. He established ACEC, a company focused on investment in oil and gas exploration projects and companies in the U.S. In 1992, Mr. Ni founded ACEC’s parent company, Shanghai Zhong Rong Property Group, Ltd. (“Zhong Rong Group”), a private multi-faceted Shanghai-based company with operations in real estate, energy, mining, commercial property management and financial investments. Mr. Ni currently serves as Chairman and Chief Executive Officer of both Zhong Rong Group and ACEC. He also serves as an as a Member of the World Trade Center Association, Vice-Chairman of the World Eminence Chinese Business Association, and Deputy Director of the Market Committee of China General Chamber of Commerce. Mr. Ni was initially appointed to the company Board in 2010 by ACEC in its capacity as holder of the company Series I Preferred Stock pursuant to the rights granted the holders of such stock as set forth in the Certificate of Designations for such stock. All of the shares of Series I Preferred Stock were formerly held by ACEC prior to the conversion of all such preferred stock in December 2010. Mr. Ni earned a Master’s degree in Archaeology at the Central Academy of Fine Arts in China.
Adam Pierce	Mr. Adam C. Pierce is Independent Director of Crimson Exploration Inc. He is a Senior Vice President of Oaktree Capital Management. Prior to joining Oaktree Capital Management in 2003, he was an investment banker with J.P. Morgan Chase & Company. Mr. Pierce does not serve on any other boards of directors of a publicly traded company. Mr. Pierce was initially appointed to the company Board in 2008 by the holders of the company Series G Preferred Stock pursuant to the rights granted the holders of such stock as set forth in the Certificate of Designations for such stock. The majority of shares of Series G Preferred Stock were formerly held by Oaktree Holdings prior to the conversion of all such preferred stock in December 2009. Mr. Pierce has been re-elected to the company Board each year since his initial appointment. Mr. Pierce received a Bachelor of Arts degree in Economics with a focus on Business Administration from Vanderbilt University. Mr. Pierce provides the company Board financial market insight through his experiences in the investment banking industry. As a director of several private companies, Mr. Pierce brings to the company Board leadership skills including investment and financial experience, and experience analyzing risks and strategy for energy investments.
Cassidy Traub	Mr. Cassidy Jahn Traub is Independent Director of Crimson exploration Inc. Pursuant to a resolution adopted by the company Board, which increased the number of board members to a total of six directors. Mr. Traub is a Vice President of Oaktree Capital Management. Prior to joining Oaktree Management in 2005, Mr. Traub served as an Analyst at UBS Investment Bank, from July 2003 to July 2005, where he was involved in various aspects of mergers and acquisitions, leveraged buyouts, initial public offerings and debt financings. Mr. Traub does not service on any other boards of directors of a publicly traded company. Mr. Traub was re-elected to the company Board in 2010. Mr. Traub received an A.B. degree in Economics with an emphasis in Finance from Princeton University. Mr. Traub provides the company Board experience in finance and investment banking as well as strategic insight.

Basic Compensation

Name	Fiscal Year Total
Allan Keel	2,500,210
E. Joseph Grady	1,457,780
Thomas Atkins	696,279
A. Carl Isaac	893,458
Jay Mengle	675,349
Lee Backsen	--
B. James Ford	--
Lon McCain	--
Zhaoxing Ni	--
Adam Pierce	--
Cassidy Traub	--

As Of 30 Dec 2011

Options Compensation

Name	Options	Value
Allan Keel	12,150,000	0
E. Joseph Grady	4,050,000	0
Thomas Atkins	1,150,000	0
A. Carl Isaac	0	0
Jay Mengle	1,350,000	0
Lee Backsen	0	0
B. James Ford	0	0
Lon McCain	0	0
Zhaoxing Ni	0	0
Adam Pierce	0	0
Cassidy Traub	0	0

Insider Trading

Name	Shares Traded	Price
MENGLE JAY S	3,695	$3.03
ISAAC ANTHONY CARL	1,498	$3.13
NI ZHAOXING	23,735	$0.00
BACKSEN LEE B	23,735	$0.00
MCCAIN ELLIS LONNIE	23,735	$0.00
JANSEN PAUL FRANCISCUS	10,400	$0.00
GRADY E JOSEPH	3,966	$3.22
MENGLE JAY S	52,000	$0.00
ATKINS THOMAS H	3,031	$3.22
ISAAC ANTHONY CARL	1,936	$3.22
MENGLE JAY S	2,513	$3.22
ISAAC ANTHONY CARL	1,936	$3.22
KEEL ALLAN D	107,000	$0.00
THOMAS JOHN ANTHONY	24,000	$0.00
ATKINS THOMAS H	52,000	$0.00
GRADY E JOSEPH	65,000	$0.00
ISAAC ANTHONY CARL	53,000	$0.00
MENGLE JAY S	3,750	$3.19
GRADY E JOSEPH	9,505	$3.19
ISAAC ANTHONY CARL	4,898	$3.19
ATKINS THOMAS H	4,331	$3.19
ATKINS THOMAS H	3,610	$3.23
MENGLE JAY S	1,488	$4.43
ATKINS THOMAS H	1,268	$4.43
ISAAC ANTHONY CARL	3,306	$4.85

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People: Crimson Exploration Inc (CXPO.W)

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Summary

Biographies

Basic Compensation

Options Compensation

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