Board of Directors Board of Directors Michael J. Wieland, President & CEO, Laredo Energy More than 20 years experience in the oil and gas industry and energy financial services sector, including serving as SVP – Corporate Development and CFO for Stonegate Production Company and as VP of Corporate Development and Finance at Carrizo Oil & Gas. Prior to that he was a Director for Barclays Energy Investment Banking team after holding several positions at Banc of America Securities and Deutsche Bank Securities. Mr. Wieland holds a BS in Chemical Engineering from the University of Texas and an MBA from Rice University. Steve Webster, Managing Partner, Avista Capital Partners Mr. Webster is a founding member of Avista Energy Capital and prior to the formation of Avista Energy Capital was a co-founder and Co-Managing Partner of Avista Capital Partners. Prior to Avista Capital Partners, Mr. Webster served as the Chairman of DLJMB Global Energy Partners, a specialty group he led for DLJ Merchant Banking which sourced, executed and managed DLJMB III’s energy related investments from 2000 through June 30, 2005. Mr. Webster graduated in 1973 with a BSIM with distinction from Purdue University and in 1975 with an M.B.A. with high distinction from Harvard Business School, where he was a Baker Scholar. In 2009, Mr. Webster was awarded an honorary Doctor of Management degree from Purdue. Mr. Webster serves on the Advisory Board of Purdue’s Krannert School of Management. Mr. Webster currently serves as Chairman of the Board of Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) and is also a Trust Manager of Camden Property Trust (NYSE: CPT) and director of Era Group Inc. (NYSE: ERA) and Oceaneering International, Inc. (NYSE: OII). Mr. Webster also serves as a director of Appalachian Midstream Partners, Enduring Resources, Laramie Energy, Laredo Energy V, Laredo Energy VI and Peregrine Oil & Gas. Throughout his business career, Mr. Webster has been active in venture capital and investment activities in various industries, with a particular focus on energy. In the energy business, he co-founded and/or has been a lead investor in several E&P and service businesses, including Falcon Drilling Co., Carrizo Oil & Gas, Inc., Grey Wolf, Inc. (AMEX: GW), Hercules Offshore (NASDAQ: HERO), Laredo Energy, Peregrine Oil & Gas and Union Drilling (NASDAQ: UDRL). In 1988, Mr. Webster founded an inland barge drilling contractor, Falcon, with modest capital and a single barge rig. As Falcon’s CEO, he executed a bold consolidation and growth strategy, taking Falcon public in 1995 and merging with Reading & Bates in 1997, creating one of the world’s largest offshore drilling contractors, R&B Falcon Corporation. In 1993, Mr. Webster co-founded Carrizo Oil & Gas and was named its Chairman in 1997 when it was publicly listed. Carrizo has developed into a leading independent exploration and production company with operations in the leading U.S. onshore shale basins. Mr. Webster has also been a founder and lead investor in non-energy companies such as Crown Resources (NASDAQ: CRCE), Encore Bancshares (NASDAQ: EBTX), RediClinic, ELV Holdings, Savage Arms and Gow Communications. Graham Whaling, Partner, Avista Capital Partners Mr. Whaling is a founding member of Avista Energy Capital and prior to the formation of Avista Energy Capital was an energy industry advisor for Avista Capital Partners. Mr. Whaling has had a long and distinguished career in the energy business and brings over 35 years of energy investing and management experience to Avista Energy Capital. Before joining Avista Capital Partners in 2014, Mr. Whaling was the CEO of Parkman Whaling, a Houston based energy-focused investment banking advisory firm which he founded alongside Jim Parkman in 2007. Before forming Parkman Whaling, Mr. Whaling was chairman and CEO of Laredo Energy, which he co-founded in 2001 (and in which Avista Capital Partners invested in 2008). Prior to Laredo, he was a Managing Director at DLJ Merchant Banking Partners where he partnered with Mr. Webster to build Global Energy Partners, the energy investment arm of DLJMB which sourced and managed energy private equity investments. Prior to DLJMB, Mr. Whaling was chairman and CEO of Monterey Resources, which was acquired by Texaco in 1997. Previously, he had been CFO of Santa Fe Energy, from which Monterey was spun off. Prior to serving as CFO of Santa Fe Energy, Mr. Whaling spent seven years as an energy-focused investment banker at Lazard Freres & Co. and CS First Boston. He began his career as a petroleum engineer with Ryder Scott Company. Mr. Whaling holds an M.B.A. from The Wharton School of the University of Pennsylvania and a B.S. in petroleum engineering from the University of Texas at Austin. Mr. Whaling currently serves as a director of Empresa Energy IV, Ganador Operating, Hi-Crush Partners (NYSE: HCLP) and Laredo Energy VI. Mr. Whaling formerly served as a director of several public energy companies including Brigham Exploration (NASDAQ: BEXP) and Complete Production Services (NYSE: CPX). Jeff Gunst, Partner, Avista Capital Partners Mr. Gunst is a founding member of Avista Energy Capital and prior to the formation of Avista Energy Capital was a founding member of Avista Capital Partners in 2005. During his 15-year private equity career, Mr. Gunst has managed investments in 25 energy companies totaling $2.4 billion in equity capital. While at Avista, Mr. Gunst led, structured, managed and served on the board of multiple portfolio companies in the energy industry, focusing primarily on the E&P and oilfield services sectors. Prior to Avista, Mr. Gunst was at DLJMB Global Energy Partners from 2001 to 2005, focusing primarily on the E&P, oilfield services and midstream sectors. Prior to joining DLJMB, he was an Analyst in DLJ’s and Credit Suisse’s energy investment banking division. Mr. Gunst received a B.B.A. and a B.S. from Southern Methodist University. Mr. Gunst currently serves as a director of ACP Blackfoot, ACP III Utica, Empresa Energy IV, Hansa Hydrocarbons, Laredo Energy V, Laredo Energy VI, Peregrine Oil & Gas and Spartan Offshore. David Burgstahler, Managing Partner and Co-CEO, Avista Capital Partners David Burgstahler is the Managing Partner and Co-Chief Executive Officer of Avista Capital Partners. Prior to co-founding Avista Capital Partners in 2005, Mr. Burgstahler was a Partner of DLJ Merchant Banking Partners and Head of Healthcare. Mr. Burgstahler was at DLJ Investment Banking from 1995 to 1997 and DLJMB from 1997 to 2005. Prior to joining DLJ, he worked at McDonnell Douglas (now Boeing) from 1987 to 1990 and Andersen Consulting (now Accenture) from 1991 to 1993. Mr. Burgstahler received a B.S. in Aerospace Engineering from the University of Kansas and an M.B.A. from Harvard Business School. Mr. Burgstahler currently serves as a Director of Inform Diagnostics, Kramer Laboratories, Osmotica Holdings, United BioSource Corporation, WideOpenWest (NYSE: WOW) and other private boards. He previously served on the boards of AngioDynamics (Nasdaq: ANGO), Armored AutoGroup, BioReliance, ConvaTec Group, Focus Diagnostics, INC Research Holdings (Nasdaq: INCR), Lantheus Holdings (Nasdaq: LNTH), MPI Research, Inc., Strategic Partners, Visant and Warner Chilcott (Nasdaq: WCRX). Mr. Burgstahler is also a Trustee of the Trinity School in New York City. Phil Pace, Partner, Chambers Energy Management Mr. Pace has extensive experience in energy finance, including 19 years in oil and gas equity research. Mr. Pace joined Lehman Brothers after his retirement from Credit Suisse as Vice Chairman of the energy investment banking group. Mr. Pace began his career with Kidder, Peabody. He continued as an analyst covering the E&P sector primarily for Credit Suisse. While at Credit Suisse, Mr. Pace became Head of E&P Investment Banking in 2005 and Co-Head of Energy Investment Banking in 2006. Guy Hoffman, Partner, Chambers Energy Management Mr. Hoffman has extensive energy and corporate finance experience including investing, corporate development, financial and strategic consulting, and mergers and acquisition activity. He was employed by Lehman Brothers, where he was an investment manager for the Lehman Energy Fund. Prior to his time with the Lehman Energy Fund, Mr. Hoffman served as Vice President of Corporate Development for American Plumbing & Mechanical, Inc. from 1999 to 2003 and as a Director in Enron’s Capital Management Group from 1997 to 1998. Prior to Enron, Mr. Hoffman served as a Senior Manager at Deloitte & Touche LLP.