Board of Directors

Lloyd T. (Tim) Rochford, Co-Founder and Executive Chairman of the Board

Mr. Rochford, 73, has been active as an entrepreneur in the oil and gas industry since 1973. During that time, he has personally founded or co-founded multiple oil companies with assets in Texas and the mid-continent of the United States and has raised in excess of $1.0 billion in private and public financing for these oil and gas projects and their development. Mr. Rochford has successfully formed, developed and sold/merged four oil and gas companies, two of which were listed on the New York Stock Exchange. The most recent, Arena Resources, Inc. (“Arena”) (“Company”), was founded by Mr. Rochford and his long-time friend and associate Mr. Stan McCabe in August 2000. From inception until May of 2008, Mr. Rochford served as President, Chief Executive Officer (“CEO”) and a director of Arena. During that time, the Company received numerous accolades from publications such as Business Week (2007 Hot Growth Companies), Entrepreneur (2007 Hot 500), Fortune (2007, 2008, 2009 Fastest Growing Companies), Fortune Small Business (2007, 2008 Fastest Growing Companies) and Forbes (Best Small Companies of 2009). In May 2008, Mr. Rochford resigned the position of CEO and accepted the position of Chairman of the Board. In his role as Chairman, he continued to pursue opportunities that would enhance the current and long-term value of the Company. Through his efforts, Arena entered into an agreement and was acquired by another New York Stock Exchange company for $1.6 billion in July 2010.

Stan McCabe, Co-Founder and Director

Mr. McCabe, 87, has been active in the oil and gas industry for over 30 years, primarily seeking individual oil and gas acquisition and development opportunities. In 1979 he founded and served as Chairman and CEO of Stanton Energy, Inc., a Tulsa, Oklahoma natural resource company specializing in contract drilling and operation of oil and gas wells. In 1990, Mr. McCabe co-founded Magnum Petroleum, Inc. with Mr. Rochford, serving as an officer and director. In 2000, Mr. McCabe and Mr. Rochford co-founded Arena Resources, Inc., with Mr. McCabe serving as Chairman of the Board until 2008 and a Director until its sale in 2010.

Kelly Hoffman, CEO and Director

Mr. Hoffman, 61, has organized the funding, acquisition and development of many oil and gas companies. He began his career in the Permian Basin in 1975 with Amoco Production Company. His responsibilities included oilfield construction, crew management, and drilling and completion operations. In the early 1990s Mr. Hoffman co-founded AOCO and began acquiring properties in the Permian Basin of West Texas. In 1996 Mr. Hoffman arranged financing and purchased 10,000 acres in the Fuhrman Mascho field in Andrews, Texas. In the first six months he organized a 60 well drilling and completion program resulting in a 600% increase in revenue, leading to a sale of the properties to Lomak (Range Resources) approximately 18 months later. In 1999 he again arranged financing and acquired 12,000 acres in Lubbock and Crosby counties. After drilling and completing 19 successful wells, unitizing the acreage, and instituting a secondary recovery project, he sold his interest in the property to Arrow Operating Company. From April 2009 until December 2011 Mr. Hoffman served as President of Victory Park Resources, a privately held exploration and production company focused on the acquisition of oil and gas producing properties in Oklahoma, Texas and New Mexico.

David A. Fowler, President and Director

Mr. Fowler, 61, has served in several management positions for various companies in the insurance and financial services industries. In 1994, he joined Petroleum Listing Service (PLS) as Vice President of Operations, overseeing oil and gas property listings, divestiture packages, and marketing oil and gas properties to industry players. In late 1998, Mr. Fowler became the Corporate Development Coordinator for the independent Producer Finance (“IPF”) group of Range Resources Corporation. Leaving Range IPF in April of 2001, he co-founded and became President of Simplex Energy Solutions, LLC a Midland based A&D shop representing Permian Basin oil and gas independent operators. Simplex became known as the Permian Basin’s premier oil and gas divestiture firm, closing over 150 projects valued at approximately $675 million.

Anthony B. Petrelli, Director

Mr. Petrelli is President and Chairman of the Board of Directors at NTB Financial Corporation and is currently the Director of Investment Banking. Mr. Petrelli received his BS in Business (Finance) and his Master of Business Administration (MBA) from the University of Colorado and a Masters of Arts in Counseling from Denver Seminary. Mr. Petrelli began his career in 1972 and since that time has managed the Corporate Finance departments for Bosworth, Sullivan & Co., Hanifen, Imhoff, Inc. and his current position at NTB Financial Corporation. Mr. Petrelli has served on numerous regulatory and industry committees including service on the FINRA Corporate Finance Committee, the NASD Small Firm Advisory Board, the FINRA Fixed Income Committee, the FINRA District Surveillance Committee, District 3 and as the Chairman of the FINRA District Business Conduct Committee, District 3, FINRA Statutory Disqualification Board and as a FINRA Arbitrator and as a member of the Task Force on Future of Shared State and Federal Securities Regulation, North American Securities Administrators Association, Inc. (NASAA) among others. Mr. Petrelli has also served as the Chairman of the Regional Investment Bankers Association. Mr. Petrelli has been involved in many aspects of the securities industry. He has had extensive experience in his 40 years in the areas of operations, sales, training, management of sales underwriting and corporate finance.

Regina Roesener, Director

Ms. Roesener currently serves as the Chief Operating Officer, Director of Corporate Finance and a Member of the Board of Directors of NTB Financial Corporation (“NTB”). During her 30-year tenure at NTB, Ms. Roesener has been involved in the capital raising efforts for numerous public and private companies, many of which were in the energy sector, collectively raising more than $300 million. In her position at NTB, Ms. Roesener was responsible for the management of an internal market broker for a large, SEC registered public company, where she facilitated more than $500 million in transactions over 15 years. She has served as a Board Member of the National Investment Bankers Association and as a member of Women in Syndicate Association and has served as a Board member for the Denver chapter of the March of Dimes. Ms. Roesener received her Bachelor of Science degree in Education from the University of Colorado in 1982.

Clayton E. Woodrum, Director

Mr. Woodrum is a founding partner of Woodrum, Tate & Associates, PLLC. His financial background encompasses over 40 years. His areas of expertise include business valuation; litigation support including financial analysis, damage reports; depositions and testimony; estate planning; financing techniques for businesses; asset protection vehicles; sale and liquidation of businesses; debt restructuring; debt discharge; and CFO functions for private and public companies. Mr. Woodrum is also an owner of First Capital Management, LLC, a Registered Investment Advisor that provides investment services to high net worth individuals, retirement plans, and charitable foundations. He is an owner of Computer Data Litigation Services, LLC, which aids in litigation matters related to the analysis of electronically stored data, the installation of computer network systems, and recovery of lost data. Prior to founding Woodrum, Tate, and Associates, he was a partner of Peat, Marwick, Mitchell & Co., a Big Eight multinational certified public accounting firm with an emphasis on auditing, consulting and tax compliance. He was the partner in charge of the Tulsa Tax Department and responsible for the Financial Institution Tax Practice. Clayton served as the chief financial officer of BancOklahoma Corp. and Bank of Oklahoma, N.A. He was responsible for corporate finance, accounting, internal audit, investor relations, community relations, human resources, SEC filings and all tax-related matters.