Ronald P. Mathison Age: 52
Calgary, Alberta, Canada
Director since March 8, 2004(1)
Independent

Mr. Mathison is one of the Corporation's founders and served as a member of the board of directors and as Chairman of CWSL since its formation in 1999.  Mr. Mathison is the President and Chief Executive Officer of Matco Investments Ltd. and Matco Capital Ltd., private investment firms which specialize in the restructuring of financially troubled companies as well as providing capital and management expertise to such companies.  Mr. Mathison has extensive experience in restructuring and financing companies in both the public and private markets.  Until October 2000, Mr. Mathison was a director of Peters & Co. Limited, an investment firm specializing in the oil and natural gas industry, and prior to 1999 was also a principal of Peters & Co. Limited's corporate finance department.  Prior thereto, Mr. Mathison and two other individuals formed the nucleus of Peters & Co. Capital, a private merchant banking entity that is widely associated with numerous successful restructurings of oil and natural gas exploration and production companies and oilfield service companies. 

Douglas R. Ramsay Age: 53
Okotoks, Alberta, Canada
Director since March 24, 2004
Not Independent

Mr. Ramsay is a founder of the Corporation and served as a member of the board of directors and as the President and Chief Executive Officer of CWSL since its formation in 1999.  Mr. Ramsay has an extensive background in the oil and natural gas industry.  Prior to 1994, Mr. Ramsay was the President of Canadian Fracmaster Ltd., where he spent 12 years enhancing the overall presence of Fracmaster Ltd. in Canada and worldwide.  Previous industry experience as a Project Manager for Delta Consultants, Drilling and Completions Foreman for Dome Petroleum Corp., and Service Operator for BJ Well Services Company has contributed to Mr. Ramsay's overall knowledge of the industry. 

Fernando Aguilar
Age: 49
Houston, Texas
Director since May 12, 2008
Independent

Mr. Aguilar has been the President, Eastern Hemisphere, of CGG Veritas, a global geophysical company, since April 2008.  Prior thereto, he held the position of Executive Vice President for Canada Land Processing, Canada Land Library and Western Hemisphere Land Acquisition.  Upon joining Veritas in 2004, Mr. Aguilar's leadership role encompassed responsibility for Canadian and Latin American operations and business sectors.  Formerly with Schlumberger Limited, Mr. Aguilar has over twenty-six years of worldwide experience in various technology, business and oilfield sectors.   During 2008, Mr. Aguilar completed the Director Education Program developed by the Institute of Corporate Directors and the Rotman School of Management in conjunction with the Haskayne School of Business.

James S. Blair
Age: 53
Calgary, Alberta, Canada
Director since May 8, 2002(1)
Independent

Mr. Blair is the President and Chief Executive Officer of Glenogle Energy Inc., a private oil and gas exploration and development company.  Mr. Blair was the Chairman and Chief Executive Officer of ExAlta Energy Inc. from 2002 to 2008.  Until January 2002, Mr. Blair was Senior Vice President and Chief Operating Officer of Husky Energy Inc.  Mr. Blair is a director of the Calgary Centre for Innovative Technology. 

Gregory S. Fletcher
Age: 60
Calgary, Alberta, Canada
Director since May 8, 2002(1)
Independent(2)

Mr. Fletcher is an independent businessman involved in the oil and natural gas industry in western Canada.  He has considerable business experience in the junior sector of the oil and natural gas industry and is currently President of Sierra Energy Inc., a private oil and natural gas company that he founded in 1997.  From June 1998 to May 1999, he was President, Chief Executive Officer and a director of Canadian Conquest Exploration Inc. and prior to 1997 he was President, Chief Executive Officer and a director of Aztec Resources Ltd.  Mr. Fletcher is also a director of the general partner of Diamond Energy Services LP, a private oilfield service limited partnership, a director of Peyto Energy Administration Corp., the administrator of Peyto Energy Trust, a public oil and natural gas income trust, and a director of Total Energy Services Ltd., a wholly owned subsidiary of Total Energy Services Trust, a public oilfield service trust.  During 2008, Mr. Fletcher completed the Director Education Program developed by the Institute of Corporate Directors and the Rotman School of Management in conjunction with the Haskayne School of Business.

Martin A. Lambert
Age: 53
Calgary, Alberta, Canada
Director since March 8, 2004(1)
Independent

Mr. Lambert is the Chief Executive Officer of Swan Hills Synfuels L.P., an in-situ coal gasification firm.  He also serves as Counsel at Bennett Jones LLP, a law firm where he had previously served as a partner and Chief Executive Officer from 1996 to 2000.  Mr. Lambert has been widely recognized as one of Canada's leading mergers and acquisitions lawyers. 

R.T. (Tim) Swinton
Age: 62
Calgary, Alberta, Canada
Director since March 24, 2004
Independent(2)

Mr. Swinton is the President of Western Provinces Resources Ltd., a private investment company.  He has considerable business experience in the junior and service sectors of the oil and natural gas industry in western Canada.  From 1999 to 2001, he was the Executive Chairman of IPEC Ltd., a Canadian pipeline and oilfield construction company.  Prior thereto, Mr. Swinton was Chairman and Chief Executive Officer of Kenting Energy Services Inc., and Chairman, President and Chief Executive Officer of EnServ Corporation.  Mr. Swinton has also served on the boards of directors of a number of energy services and other energy-related public companies, including Koch Pipelines Canada Limited, Enserco Energy Service Company Inc. and Anderson Exploration Ltd.