Key Management

The following investor information is disclosed for the purposes of Rule 26 of the AIM for Companies.

Patrice Roman, President & CEO
Patrice Roman, President, Chief Executive Officer & Director, holds degrees in law and political science from the University of Lyon. Since 1992, he has acted as an independent consultant with respect to numerous international customers in the energy, environment, real estate and transportation sectors. Prior to that, he was employed with Marcotrade SA, Geneva, a company with a turnover of more than US$1 billion, as the chief operating officer. A number of the transactions he has been associated with involved crude oil and refined products. In addition, he has been involved with the purchase and sale of an independent oil distribution company in Belgium.

Bernard Verdu, Vice President & COO, Paraguay
Bernard Verdu earned a degree in Geophysical Engineering from CEFOGA in Massey, France and a Master of Earth Sciences in Geology and Geophysics from the University of Sciences and Technic of Languedoc in Montpellier, France. During a career of more than 33 years he has gained field and general corporate management experience in the international petroleum and natural gas industry where he has worked extensively in Latin America, the Middle East and Africa.

Jim Halliday, FCA
Jim Halliday was appointed CFO on 1st August 2007. Jim has over 30 years experience in the energy industry (oil & gas exploration & production, refining, marketing & trading, as well as electricity generation & supply) with established companies, such as Conoco-Phillips, and successful start-up & turnaround situations. He has been assisting CDS over the last year as a member of FD Solutions, a professional firm providing Finance Director services.