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Eland Oil & Gas PLC (ELA.L)

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Summary

Name Age Since Current Position

Russell Harvey

2015 Non-Executive Independent Chairman of the Board

Olivier Serra

46 2016 Chief Financial Officer, Executive Director

John Downey

Chief Technical Officer

Jay Christison

General Manager - Facilities

Pieter Van der Groen

General Manager - Technical

George Maxwell

2014 Chief Executive Officer, Executive Director

Hilary Azoba

Drilling Manager

Ian Blair

2015 Founder and Strategic Adviser

Edward Cozens

General Manager, Commercial

Bert Dijksman

Exploration Manager

Emmanuel Iwunze

GM Finance

Theophilus Odigie

Operations Manager

Joel Okandeji

Community Relations Manager

Gafar Olagunju

Human Resources & Services Manager

Henry Obi

53 2016 Non-Executive Director

Gregory Stoupnitzky

57 2015 Non-Executive Director

Henry Turcan

42 2015 Non-Executive Director

Biographies

Name Description

Russell Harvey

Mr. Russell Seth Harvey has been appointed as Non-Executive Independent Chairman of the Board of Eland Oil & Gas PLC., with effect from 31 December 2015. Russell has over 40 years of diversified experience in the upstream oil and gas business. He started his career with Philips Petroleum in Texas and Norway and has held executive positions with Kerr McGee Oil, a leading US independent where he was responsible for properties in the UK, Norway and the Middle East. Russell was Managing Director of Lasmo North Sea from 1991 to 1996. Russell has broad international experience, and has experience in the development of a number of startup exploration, production and service companies both in the UK and internationally. Russell has a BSc in Mechanical Engineering from Imperial College and is a member of the Institute of Energy. Russell was appointed to the Board as Independent Non-Executive Director in August 2012.

Olivier Serra

Mr. Olivier Serra is the Chief Financial Officer, Executive Director of the Company. He has over 23 years of energy and oil and gas experience and was most recently an independent advisor to oil and gas companies with SPTEC Advisory, a financing and M&A advisor. Between 2010 and 2015 Olivier acted as CFO and Director of Sea Dragon Energy, a Canadian listed E&P company. Prior to joining Sea Dragon he spent 18 years in investment banking, primarily focused on structured debt products for the energy industry. During this time he was the Head of the Oil and Gas structured debt and acquisition finance department of BNP Paribas, where he supported the growth of Independent Oil Companies.

John Downey

Mr. John Downey is the Chief Technical Officer of the company. John has over 30 years of upstream oil and gas industry experience in a variety of technical, commercial and managerial roles. These cover everything from frontier exploration, through appraisal and development, to mature field production. He is a geologist by background but has also worked as a petroleum economist. He has worked for several companies, holding senior positions at BP, Enterprise Oil, Shell and Dana Petroleum, in Europe, Southeast Asia and East, North and West Africa. John has a BSc in Geology and Geography from Nottingham University and an MSc in Engineering Geology from Leeds University.

Jay Christison

Mr. Jay Christison is General Manager - Facilities of Eland Oil & Gas PLC. Jay has over 30 years of experience in design and construction of oilfield facilities worldwide. Prior to moving to Nigeria, he worked in California, the Middle East and Houston. He spent five years as Country Manager for Paragon Engineering, providing design engineering services to the local petroleum industry and 10 years with Addax in key management roles. Jay brings a proven record of performance in conceiving and executing smaller sized, fit-forpurpose, low cost projects, and a wealth of knowledge of the capabilities of local contractors and vendors in Nigeria. Jay manages the design and construction of the oil producing facilities. Jay has a Masters degree in Mechanical Engineering and has been a registered Professional Engineer in British Columbia since 1974.

Pieter Van der Groen

Mr. Pieter Van der Groen is General Manager - Technical of Eland Oil & Gas PLC. He has 25 years of oilfield exploration and production experience in a variety of technical, operational and management roles. He started his career with Schlumberger as a geologist in London, moving on to become a wireline engineer working in South East Asia and West Africa. After his field work, he trained as a log analyst with Schlumberger in London for multiple clients and was seconded to Exxon in the UK. From Schlumberger, Pieter moved to Amerada Hess initially as a Petrophysicist in the international team, then to technical and management roles. He worked as an expatriate on Hess’s two large onshore joint venture field rehabilitation projects, the Kursenge and Karabagli Field redevelopment project in Azerbaijan and the El Gassi redevelopment project in Algeria. Pieter worked briefly with Gulfsands Petroleum in Syria as Deputy General Manager, preparing for and starting the initial drilling campaign and involved in working up what became the Khurbert East discovery. In Nigeria his experience consists of four years as General Manager of an independent oil company, overseeing onshore development and production in the Niger Delta, before moving to Eland Oil & Gas PLC in Nigeria as Technical Manager and latterly as Chief Operating Officer. Pieter has a geology degree from Auckland University and a Masters degree in Petroleum Geology from the University of Aberdeen.

George Maxwell

Mr. George Walter Mitchell Maxwell is Chief Executive Officer, Executive Director of Eland Oil and Gas Plc. since September 2014. George has over 20 years of oil industry experience in both the producing and service/ manufacturing arena. He was Business Development Manager for Addax and, prior to this, Commercial Manager in Geneva. George joined Addax in 2004 and held the General Manager’s position in Nigeria, responsible for finance, fiscal and commercial activities. Prior to this, George worked with ABB Oil & Gas as vice president of finance based in the UK with responsibilities for Europe and Africa. He held a similar position in Houston, from where the organisation ran its operations in 10 countries. George was Finance Director in Singapore for Asia Pacific and Middle East, handling currency swaps and minimising exposures during the Asian financial crisis of the late 1990s. George graduated from Robert Gordon University in Aberdeen with a Masters in Business Administration.

Hilary Azoba

Mr. Hilary Azoba is the Drilling Manager of the company. Hilary is a versatile Petroleum Engineer and Petroleum Projects Development Manager with 27 years’ experience working for major energy companies (Shell, Schlumberger, & ConocoPhillips) in Nigeria, Oman, Gabon, UK, USA, Russia, and Canada among other countries. Holds Bachalor of Eng. (Mechanical Engineering, 1st Class Honours 1984) from the University of Nigeria Nsukka and MBA from the University of Phoenix Arizona (USA). He is a registered professional engineer in the Province of Alberta Canada and Member Society of Petroleum Engineers. His career experience centred around designing and delivering development and exploration wells on land, desert, arctic, swamp, and offshore environments, with stints in production facilities operations and maintenance and safety. Recent work includes successfully engineering, supervising and managing drilling and completions operations for intermediate E&P operators in Nigeria.

Ian Blair

Mr. Ian Leslie Blair was Chief Executive Officer, Executive Director of Eland Oil and Gas Plc. He has over 30 years of upstream oil and gas industry experience, most recently with Addax. He spent 13 years with Addax in Nigeria and Kurdistan holding a wide variety of senior executive positions in the UK, Spain, Libya, Vietnam, India, Nigeria, Kurdistan and Dubai. In 2006 Les assumed the position of General Manager of the operating company for the giant Taq Taq Field in Kurdistan and in 2008 became Managing Director of Addax Petroleum Middle East Limited based in Dubai. Prior to joining Addax in Nigeria, Les held Country Manager positions with Enterprise Oil and British Gas in South East Asia. Les graduated from the University of Aberdeen in Finance & Economics and is a Fellow of the Association of Chartered Certified Accountants. Les stepped down from the Board as Chief Executive Officer in September 2014 to assume the new role of Strategic Adviser to the Company based in Nigeria.

Edward Cozens

Mr. Edward Cozens is Manager - Corporate Finance & Investor Relations of Eland Oil & Gas PLC. Edward joined Eland from GDF Suez E&P UK where he was a business analyst working in the Business Development team. Prior to working in E&P, Edward began his career in the City. He has four years’ Corporate Finance and Broking experience having worked at Allenby Capital and Matrix Group. Edward was part of Matrix’s successful oil & gas franchise and was involved with numerous corporate actions and fundraisings for both private and public E&P clients. Edward graduated from Loughborough University with a degree in Banking, Finance and Management.

Bert Dijksman

Mr. Bert Dijksman is Exploration Manager at Eland Oil & Gas PLC. Bert has over 38 years of international energy industry experience and joined Eland Oil & Gas some two years ago. Bert started with Shell International E&P in 1977 working in various exploration roles in Africa, Oman, the North Sea and South America, where he was directly involved in the discovery of the giant Camisea gas field. In 2001, Bert joined Maghreb Petroleum Exploration, Morocco where he evaluated several inland basins and shallow offshore tracts before moving to Staatsolie Maatschappij Suriname NV in 2003, again as an Exploration and Contract advisor and was responsible for the full exploration cycle. Several additional fields were discovered reversing the then declining production into a healthy increase of over 50%. From 2000 to 2008 Bert advised the Namibian State Oil company Namcor. Bert joined PanTerra Geoconsultants BV in 2006 and since 2010 he has been closely involved in the evaluation of Eland’s OML 40 licence. Bert has a MSc in Geology from the University of Utrecht and obtained a PhD at the Utrecht University in 1977.

Emmanuel Iwunze

Mr. Emmanuel Ikechukwu Iwunze is the General Manager - Finance of the company. Mr. Emmanuel Ikechukwu Iwunze, is a Chartered Accountant of 30 years cognate experience. Emmanuel’s working experience spanned across Financial and Accounting Organizations and Oil and Gas. He started his career with Deloitte Group and thereafter worked with Coopers and Lybrand, Inlak Group, Shell Petroleum Development Company of Nigeria Limited, Pan Ocean Oil Corporation as Finance Manager, Amni International Petroleum Development Company Limited as General Manager, Finance and PriceWaterhouse Coopers as a Consultant before joining Elcrest E & P Nigeria Limited as General Manager, Finance. Emmanuel attended many training courses, seminars and conferences both locally and overseas. He has B.Sc. (Hons) in Political Science, M.Sc. in Banking and Finance. He is a Fellow, Institute of Chartered Accountant, Associate Member, Chartered Institute of Taxation of Nigeria and Fellow of the Institute of Credit Administrators.

Theophilus Odigie

Mr. Theophilus O. Odigie is the Operations Manager of the company. Theophilus O.Odigie holds B.Sc. (Hons) in Instrumentation and Systems Engineering obtained in 1980 from Teeside Polytechnic now Teeside University, Middlesbrough in UK. He has over thirty four years post graduation working experience which spans the Power, Steel, Glass, Oil and Gas industries. His technical competence includes Surface facilities Engineering, Maintenance, Operations, Safety Incident Investigation, Technical Auditing and Emergency Response. He is a registered and Certified Engineer. A certified Occupational Health practitioner. A trained Environmental Management System auditor. His last job was with Shell Petroleum Development Company of Nigeria for about twenty two years. The last position held was Operations Manager for Swamp West.

Joel Okandeji

Mr. Joel Okandeji is the Community Relations Manager of the company. Mr. Joel Okandeji is a seasoned community relations adviser with over 24 years experience in the oil and gas industry working for the Shell Petroleum Development Company of Nigeria. He worked in various roles for SPDC such as community interface coordinator, government relations advisor, security advisor, and head of the public relations section. Joel is a highly respected indigene of the Niger Delta. His vast experience has provided him with an in-depth understanding of security and community issues in Niger Delta, especially the Western Swamp region. Joel attended many training course on public relations, community and security both locally and overseas. He has a B.Sc. in Political Science/Sociology and Anthropology. He is a member of the Nigerian Institute of Public Relations having held the position of the Chairman in the Delta state chapter from 2010 to 2015.

Gafar Olagunju

Mr. Gafar Olagunju is Human Resources & Services Manager of Eland Oil & Gas PLC. Gafar has over 40 years of diversified experience in the upstream oil and gas business covering production, drilling, completion and workover, logistics, administration, human resources, community relations, security and services in both onshore and offshore operations. He started his career with Elf Petroleum Nigeria. Gafar subsequently worked with Mobil Producing Nigeria as Senior Operations Engineer before moving to Ashland Oil Nigeria Company / Addax Petroleum Development (Nigeria) where he worked in various senior managerial positions. He had been deployed to work in France and Switzerland and attended many international training conferences and seminars. Gafar has a degree in Mechanical Engineering from the University of Lagos and a Diploma in Petroleum Engineering from the French Institute of Petroleum, Paris.

Henry Obi

Mr. Henry Awele Obi serves as Non-Executive Director of the Company. He has over 15 years' experience in private equity sector and is currently a Partner and Chief Operating Officer at Helios Investment Partners LLP ("Helios") where he responsible for its operations and serves on Helios' Equity and Credit Investment Committees. Prior to joining Helios in 2006, Henry was a Partner at Aureos Advisers Limited where he was responsible for monitoring the performance of the firm's funds in Africa and Central America and their compliance with investment policy. Prior to Aureos, Henry worked for Actis, CDC Group Plc and Dynegy, a US energy trader. Henry holds a BSc. Architecture and MSc. Architecture from University of Nigeria, a B.Arch. from University of Nottingham and an MBA in Finance from the London Business School. He sits on the Boards of Maris Capital Limited and the Africa Venture Capital Association. He also served as Chairman of the Africa Regional Advisory Council of Emerging Market Private Equity Association. He received Private Equity Africa's Outstanding Leadership Award in 2014 for his commitment to advancing the cause of private equity in Africa.

Gregory Stoupnitzky

Mr. Gregory Alexis Stoupnitzky serves as Non-Executive Director of the Company. Gregory has over 25 years of Investment Banking experience in the natural resources and related sectors. He has held within the last five years, the following directorships or partnerships: - Current: CIS Capital LLC, Graduate School of International and Public Affairs, Columbia University. Within the last five years: Azonto Petroleum Limited Rialto Energy Ltd., Pace Financial Services Vioco Petroleum Limited, Center for Energy, Marine Transportation and Public Policy, Columbia University. He held senior positions with Bear Stearns and Morgan Stanley and more recently, he worked with CIS Capital and Renaissance Capital providing advisory services to small companies and institutions involved with oil and gas in geographies including Sub-Saharan Africa. Gregory has a BA and an MA from Columbia University.

Henry Turcan

Mr. Henry Arthur John Turcan is Non-Executive Director of the Company. Mr. Turcan has worked in the financial services sector since 1996, with a focus on equity capital markets. In 2006 he established Novum Securities, an independent stockbroking business focused on UK-listed securities. Prior to Novum Securities, Henry was a director at Evolution Securities where he led and oversaw numerous transactions, both private and public across many sectors. Henry graduated with an MA (Hons) in Modern Languages from Edinburgh University and is a Member of the Securities Institute. Henry was appointed to the Board as Non-Executive Director in January 2015.