Board of Directors

Sven Rasmusson
Born 1953, Bachelor of Laws
Lawyer and partner in the law firm Rasmusson & Partners Advokat AB

Other assignments: Chairman of the Board of  Projektbyrån i Stockholm AB and Steelwrist AB. Member of the Board of and Rasmusson & Partners Advokat AB, Raspart Förvaltning AB , Ponderus Technology ABand Technology Nexus AB (publ).

Previous experience: Business lawyer and advisor to listed companies and their Boards, among others. Lawyer and partner in Lindhs DLA Nordic
Chairman of the Board since May 2009 (Board member since 2008)

Shareholding: 290,000 (incl. holdings through controlled companies)
Convertibles: 25,000 (incl. holdings through controlled companies)

Catharina Nystedt-Ringborg
Born 1951, Bachelor of Economics, MBA International Management, Master of Political Science and , MBA International Business Management and Interpreter training, Sorbonne.
Board work and and consultant  in the energy sector.

Other board assignments: Director in CN‐R Affärsutveckling AB, Svenskt Pantlotteri AB and Antrepo AB

Previous experience: Managing director of Swedish Water Development AB, Senior Vice President of ABB Ltd and Fläkt AB as well as other positions in AGA Système Infrarouges SARL, the Swedish Government Offices and OECD
Director of the Board since 2006.

Shareholding: 195,000
Convertibles: 12,500

Lars Olof Nilsson
Born 1962, MSc in Business and Economics
Board work and consultant for Nordic Capital and Evli Bank.

Other board assignments: Chairman of the board of Kaptensbacken AB and member of the boards of BE Group AB, International Gold Exploration IGE AB, IGE Nordic AB, Lappland Goldminers AB, AGL Treasury Support AB and AGL Transaction Services AB.

Previous experience: Head of Group Treasury and Group Business Development in Trelleborg AB. Director of Boards in a number of companies.
Board member since May 2008

Shareholding: 52,254
Convertibles: 1,000

Paul Waern
Born 1950, Master of Science in Mining
Propreetor of consulting firm Petroteck AB.

Other assignments: None

Previous experience: 30 years' international experience in oil and gas industry. Technical adviser to listed companies.
Boaard member since Ma<y 2009.

Shareholding: 150,000

Convertibles: 0

Hans Kristian Rød
Born 1953, Bachelor of Economics & MBA
Corporate representative of Fortum Corporation in Norge.

Other assignments: Member of the boards of Infratek ASA, North Energy ASA, Ishavskraft AS and Fredrikstad Energi AS.

Previous experience: President for Fortum Corporation Exploration & Production and President for Fortum Petroleum AS.  
Board member since May 2009.

Shareholding: 100,000
Convertibles: 0