Directors

Ed Gilmet - Ed Gilmet - President and CEO - Director (2)
President and CEO since Arcan commenced operations in April 2004.

Andrew Fisher - Andrew Fisher - Executive Vice President - Director (1)
Executive Vice President since Arcan commenced operations in April 2004.

Robert J. Dales, MBA - Independant Director (3)
Mr. Dales has 30 years of experience in the oil and gas industry and has held various administrative and management positions. Mr. Dales secured a Bachelor of Commerce degree from the University of Calgary in 1972 and a Master of Business Administration from the University of Alberta in 1973. From 1981 until 1999, Mr. Dales worked in the Operations Department of Panartic Oils Ltd., a private oil and gas exploration company, as Operations Manager. Mr. Dales was the President, Chief Executive Officer and a director of Resolution Energy Inc., a public oil and gas exploration and development company which was listed on the Canadian Venture Exchange, from June 1993 until October 2001. From 1994 until 1996, Mr. Dales was the Secretary-Treasurer and a director of Energy North Inc., a public oil and gas exploration development company, which traded on the TSX. Mr. Dales was also the President and a director of Desco Resources Ltd., an oil and gas exploration and development company (now Peyto Energy Trust and listed on the TSX) from March 1997 until October 1998. Mr. Dales is currently a director of Celtic Exploration Ltd. (formerly Desco Exploration Ltd.), a public oil and gas exploration company, and President and a director of Valhalla Ventures Inc., a private investment company based in Calgary, Alberta.

Michael J. Laffin, MPA, LL.B. - Corporate Secretary and Independant Director (2)
Since August 2002, Mr. Laffin has been a partner with the law firm of Blake, Cassels & Graydon LLP. Mr. Laffin provides legal advice to several oil and gas companies ranging in size from senior integrated to junior exploration companies in negotiating and drafting contracts and providing advice on issues pertaining to joint ventures, financing, purchase and sale, transportation, processing and construction and securities issues. Mr. Laffin has supervised many large scale projects related to oil and gas unit consolidation, domestic and international acquisitions, take‑over bids, due diligence and financings. In addition to mainstream oil and gas matters, Mr. Laffin has developed subspecialties in the area of coalbed methane development and water rights. Mr. Laffin also has wide ranging experience in international and offshore transactions. Mr. Laffin has prepared and presented several papers to the Canadian Petroleum Law Foundation, Canadian Association of Petroleum Landmen, Petroleum Joint Venture Association and the Natural Resources Subsection of the Canadian Bar Association.

J. Terry McCoy, P. Geol - Independant Director (1)(3)
Mr. McCoy is a senior oil and gas executive with 38 years of experience with major, senior intermediate and junior oil and gas companies. As at the date hereof, Mr. McCoy is President of Koa Resources Ltd. which is a private company. Prior thereto Mr. McCoy was Vice President of Exploration for Calvalley Petroleum Inc., an oil and gas company active internationally. Prior thereto Mr. McCoy was President of TRAFINA Energy Ltd. and prior to that he was Vice President of Explortaion at Murphy Oil Company and prior to Murphy was employed for 11 years at Poco Petroleums as Vice President of Exploration and subsequently as President of Burlington Resources of Canada. Prior to 1990 Mr. McCoy held executive positions at Columbia Gas Development of Canada, Conwest Exploration Company, Union Oil of Canada and Amoco Canada Petroleum Company. Mr. McCoy is a Director of two private companies.

(1) Reserves / Health Safety and Environment Committee Member

(2) Compensation and Corporate Governance Committee Member

(3) Audit Committee Member