BOARD & MANAGEMENT

Tommy Cheng - Non-Executive Chairman

Mr Cheng, aged 40, is an executive director and chairman of BSP. He holds a Bachelor degree in Commerce from the University of Alberta, Canada. From 1995 to 2003, Mr Cheng held various positions which were responsible for corporate finance and property development activities in the PRC. From 2003 to 2008, Mr Cheng was involved in the investment and operations in the gold mining industry in the PRC and had held senior positions in a mining company listed on the Toronto Stock Exchange Venture Board with mining and exploration operations in the PRC. Mr Cheng is currently an executive director and chief executive officer of New Times Energy Corporation Limited (HKEx stock code: 0166) and was an executive director of Grand T G Gold Holdings Limited (HKEx stock code: 08299) from November 2008 to June 2009, which shares are listed on the Hong Kong Stock Exchange.

Paul Underwood - CEO and Managing Director

Mr Underwood is a Chartered Accountant with over 30 years of experience in the upstream oil and gas sector. He was the former founding Managing Director and Chief Executive Officer of Tap Oil Limited, a position he held for eleven years. Mr Underwood presided over Tap Oil during its progression from an unlisted junior start-up company into a significant participant in the oil and gas sector with a market capitalisation of several hundred million dollars.

Mr Underwood has a Bachelor of Business and a Graduate Diploma in Applied Finance.

Mr Po Siu Chan - Executive Director

Mr Chan is a fellow of the Institute of Chartered Accountants in Australia and is a Director of Afanti Asset Management in Hong Kong. Mr Chan has experience in business consulting and investment banking in China and the Asia Pacific region. Mr Chan has held roles as a Director at PwC in the Advisory division and as a Senior Manager at ANZ in its Project Finance division and has significant experience in transactions in China and Asia Pacific. He holds a Masters Degree in Commerce (specialised in Banking and Finance) from the University of New South Wales in Sydney and a Bachelor Degree in Commerce from the University of Sydney in Sydney.

Garry Ralston - Non-Executive Director

Mr Ralston has over 35 years of experience in the banking and finance sectors. Mr Ralston was co-founder and, until recently a director of Finance Systems and Technology Pty Ltd, one of Australia's largest mortgage aggregators. He is also a director and co-founder of Select Mortgage Services Pty Ltd which is one of the leading West Australian based mortgage brokers.

Alex Neuling - Company Secretary

Alex Neuling is a Chartered Accountant and Chartered Secretary with significant corporate and financial experience including as director, chief financial officer and/or company secretary of various ASX-listed companies in the oil and gas, mining, mineral exploration, and other sectors. Mr Neuling is principal of Erasmus Consulting Pty Ltd, which provides company secretarial and financial management consultancy services to several ASX-listed companies.

Triple Energy Limited.