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Paul Swigart

Chairman, Non-Independent Director

Mr. Swigart is the CEO and a founding principal of Xtellus Capital Partners. Mr. Swigart is also the founding principal of Steep Rock Capital and Steep Rock Ventures, through which he has extensive
experience investing in private equity and venture capital both in the US and internationally.

From 2010-2018, Mr. Swigart was the CEO of the US operations of VTB Capital. Earlier in his career, Mr. Swigart held several investment banking and portfolio management roles with CS First Boston, Omega Advisors, Scudder Kemper and United Financial Group in New York, London, Mexico City and Moscow.

Mr Swigart currently serves as a non-executive director on the board of two public listed companies, ASBISc Enterprises and EROS Russia. Mr Swigart graduated Magna Cum Laude from Princeton University with certificates in Russian Studies and Latin American Studies.

Jeffrey Auld

President & Chief Executive Officer, Non-Independent Director

Mr Auld has been involved with the international oil and gas business for over 30 years. In that time he has managed companies and acted as an advisor to companies operating in the emerging market's oil and gas business. Mr Auld has a depth of experience in corporate finance, mergers and acquisitions and strategic management.

Mr Auld began his career in Canada and moved to the United Kingdom in 1995. He was the Commercial Manager for New Ventures for Premier Oil plc. Mr Auld left Premier Oil and joined the Energy and Power team within the Mergers and Strategic Advisory group of Goldman, Sachs and Co. When Mr Auld left Goldman Sachs he joined PetroKazakhstan, a NYSE-listed company with assets in Kazakhstan, as a Senior Vice-President. After his time at PetroKazakhstan, Mr Auld became the Head of European Energy for Canaccord Genuity in London. Prior to joining Serinus Mr Auld was the Head of EMEA Oil and Gas at Macquarie Capital in London.

Mr Auld has an undergraduate degree in Economics and Political Sciences from the University of Calgary and a Masters of Business Administration with Distinction from Imperial College, London.