DIRECTORS

Walter DeBoni

Chairman and Director of Sterling Resources Ltd.

Chairman and Director of Sterling Resources (UK) Ltd.

Independent businessman. Formerly Vice President Canada Frontier & International Business of Husky Energy Inc. Forty years experience in the oil and gas industry and has held numerous executive positions with both domestic and international corporations.

Mike Azancot

President and Chief Executive Officer of Sterling Resources Ltd.

Managing Director, Company Secretary and Director of Sterling Resources (UK) Ltd.

A Petroleum Engineer (Master of Engineering) specialising in Upstream business optimisation. 30 years of broad experience in the E&P sector holding senior management positions in International businesses with Occidental, LASMO and Petrokazakhstan in the North Sea, China, Indonesia and Kazakhstan.

Stewart G. Gibson

Director of Sterling Resources Ltd.

Thirty-five years of broad management and technical experience encompassing all aspects of the upstream oil and gas business. Wide international experience with most focus on Europe, North Africa and the Middle East. Executive positions held in companies ranging from start up independent to major.

Teck Soon Kong

Director of Sterling Resources Ltd.

Director of Sterling Resources (UK) Ltd.

Independent businessman.  Currently Executive Chairman of Noble Denton.  Over forty years of international oil and gas experience including senior positions with Royal Dutch/Shell Group, Nimir Petroleum, and as an Advisor in the Minister's Office of Petroleum & Mineral Resources, Saudi Arabia.

Robert B. Carter

Director of Sterling Resources Ltd.

Independent businessman. Formerly, Chief Financial Officer, Cirrus Energy Corporation. Prior thereto, Vice President Finance of Vanguard Oil Corporation. Over twenty-five years experience in financial management positions in the oil and gas industry.

Graeme Phipps

Director of Sterling Resources Ltd.

President and CEO of EastSiberian Plc. a public oil and gas company with assets in Kamchatka, Russia.  A professional Geologist/Geophysicist with over thirty five years of experience in the Canadian and International oil and gas industry including senior roles with Petrokazakhstan, Petro-Canada, Nexen, and Esso Resources (Exxon).

David Miller

Director of Sterling Resources (UK) Ltd.

After graduating from the London School of Economics, David Miller spent the first 15 years of his career in market research and economic consultancy working for many industrial clients including Shell, ICI and BP. He then joined the British Government’s Department of Trade and Industry where, after spells dealing with the aerospace, iron and steel, and space industries, he was appointed as Licence Administrator responsible for UK oil and gas licensing. After leaving the Civil Service, he worked as a consultant for a number of oil companies before joining Sterling Resources (UK) Ltd as a Non-Executive Director.

MANAGEMENT

John Rapach

Chief Operating Officer of Sterling Resources Ltd.

Chief Operating Officer of Sterling Resources (UK) Ltd.

Over twenty-five years of operations experience in both offshore and onshore environments. He is an industry renowned specialist in the preparation of reserve assessments, well testing, field development and performance enhancement.

David Blewden

Chief Financial Officer of Sterling Resources Ltd.

Chief Financial Officer of Sterling Resources (UK) Ltd.

A senior financial executive with extensive international experience in oil and gas financial management, corporate finance and energy investment banking. From 2008 until earlier in 2010 he served as CFO of PetroSaudi International, a private company with Saudi Royal Family backing. From 2006 to 2008 he was CFO of African Arabian Petroleum Ltd, a company with exploration and production assets in North and West Africa. Previous to this he held senior financial positions at Yukos Oil Company and energy investment banking roles at Citigroup, UBS, Chase Manhattan and Schroders. Mr. Blewden holds a BA (Honours) and MA in Natural Sciences from Cambridge University, England."

Mark Beacom

Vice President and General Manager, Romania

During the past 26 years, Mark has held increasingly senior operational leadership and managerial positions internationally in companies both public and private including President of Carthage Energy and its subsidiary Carthage Hydro, Vice-President of Petrokazakhstan, COO of Western Facilities, and President and Founder of Croft Offshore Oil Ltd.

Mark holds a Bachelor of Science degree (Honours) in Mechanical Engineering from Queens University in Kingston, Ontario and a Master of Business Administration degree from the London Business School in the UK.

He is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta (APEGGA).

Stephen Birrell

Vice President and General Manager for Netherlands and France.

Petroleum geoscientist with over twenty five years of technical and management experience in the international oil and gas industry including exploration, appraisal, development and A&D activities.

Stephen has been involved in starting and successfully growing over five different ventures’s during his career. Since joining Sterling he has been responsible for their Romanian business, which has seen a seven fold increase in the reported Contingent Reserves base. As of December 2010 he was appointed Sterling’s General Manager for both Netherlands and France, designated to manage and grow the companies business in these regions.

Stephen is a member of the AIPN, AAPG, SEG, SPE, EAGE and the PESGB.

David Davies

Vice President Business Development of Sterling Resources (UK) Ltd

Twenty two years international business development and commercial experience most recently as Director and Head of the Commercial and Negotiations team for Marathon Oil. In addition to 10 years with Marathon, he has been in business development roles with Enterprise Oil, Premier Oil, GE Power Systems and Rolls-Royce Power Ventures. While at Marathon he also served as Managing Director for their Equatorial Guinea LNG joint venture.

He holds an MBA from London Business School and a BSc Honours Civil Engineering from Leeds University. He is a chartered engineer having also spent six years with engineering consultancy Arup. He serves on the Board of AIPN currently as VP Model Contracts.

Sherry L. Cremer

Treasurer and Corporate Secretary of Sterling Resources Ltd.

Assistant Company Secretary of Sterling Resources (UK) Ltd.

Over twenty-five years in the oil and gas industry and responsible for a wide veriety of financial and corporate functions.

David A. Findlater

Vice President Exploration of Sterling Resources Ltd.

Vice President Exploration and Business Development of Sterling Resources (UK) Ltd.

Over twenty-five years of experience as an explorationist principally with Exxon and Veba in the UK.

George Kesteven

Manager, Corporate and Investor Relations

Prior to joining Sterling in mid-2008 George was Manager, Investor Relations at PrimeWest Energy, a position he had held since 2001. Concurrent to much of his tenure with PrimeWest, he served as President/Chair of the Canadian Association of Income Funds (CAIF) from 2004 to 2008.  Prior to this he held senior roles in corporate finance and investor relations with TransCanada Pipelines and Petro-Canada respectively. He is a Chartered Financial Analyst and holds both an MBA and a Bachelor of Commerce from the University of Calgary.

Graeme Hetherington

Group Financial Controller

Graeme has over 15 years Finance and Accounting experience varying from start up companies to investment houses to Multi Nationals, both in the UK and abroad, combining strong technical accounting skills with commercial acumen.

Prior to joining Sterling Graeme’s principal oil and gas experience was with Addax Petroleum, Talisman Energy and Accenture.

Graeme holds the ACCA qualification and an MA (Joint Hons) in History/Politics from the University of Aberdeen.

Christine Shinnie

Controller of Sterling Resources (UK) Ltd.

CIMA qualified Accountant with over 15 years experience in the upstream oil and gas sector. Wide range of operator experience including Treasury, Joint Venture Accounting, Financial and Management Accounting, Business Analysis, Planning and Economic Modelling.

Patrick Whitley

Vice President Exploration (International) of Sterling Resources (UK) Ltd.

Certified Petroleum Geologist with 35 years experience in International Exploration and Production, mostly with Conoco in major operating business units world wide.

Overseas assignments included Houston and Ponca City, USA... Cairo, Egypt... Stavanger, Norway... Chad in Africa and short term assignments to Dubai... Jakarta, Indonesia... Beijing, China... and Australia.