Grey Wolf Inc.

Lang , William A. President and Chief Executive Officer : Prior to joining Somerset , Mr. Lang was President and Chief Executive Officer of Coast Energy Group (CEG) and Executive Vice President of CornerStone Propane GP, Inc. Mr. Lang was formerly President and COO of EnergyUSA TPC (a NiSource, Inc. affiliate), where he was responsible for managing TPC's MHP affiliate, the largest operator and developer of salt cavern gas storage, and TPC's asset management activities in natural gas. Prior to EnergyUSA, Mr. Lang served as Managing Director of Southern Company Energy Marketing, a joint venture of Vastar Resources Inc. (80% affiliate of ARCO and Southern Company). Mr. Lang served as Senior Vice President at Vastar Resources, Inc., where he managed all commercial activities covering natural gas, electricity, crude oil and natural gas liquids. Prior to the formation of Vastar by ARCO, Mr. Lang was President of ARCO Natural Gas Marketing, Inc. Mr. Lang began his natural gas career with Tenneco Gas in early 1986 as director of Marketing and Transportation Services. He participated in much of the transition of Tenneco Gas during the Order 436/500/636 era. Mr. Lang has served as a member of the Finance Committee and the Nominating Committee of, and as a Board Liaison to the Gas Supply Marketing Section Committee of, and as a member of the Board of Directors of the Southern Gas Association. He is a former member of the Board of Directors of the Gas Industry Standards Board and the Board of Directors of the New England Gas Association. He served as the chairman of the Steering Committee of the Natural Gas Supply Association. Mr. Lang is a graduate of the University of Texas at Austin , with a B.S. in Chemical Engineering. Mr. Lang was recently appointed to a three year term on the University of Texas Engineering Foundation Advisory Council by the President of the University. Ziegler , William R. Chairman: Mr. Ziegler is of counsel to the law firm of Satterlee Stephens Burke & Burke LLP, New York , New York . Mr. Ziegler was formerly a partner of Satterlee Stephens Burke & Burke LLP, of Parson & Brown LLP and of Whitman Breed Abbott & Morgan and a predecessor law firm Whitman & Ransom, all New York law firms. He has practiced corporate, banking and securities law since 1968. He is Chairman of the Board (non-executive) of Vesta Corp., a stored value technology company, and of Firebird Holdings Limited, a logistics and contract warehousing business with operations in Eastern Europe, Russia and the United Kingdom, the Chairman of the Board (non-executive) and a director of Geokinetics, Inc., a seismic and geophysical company traded on the OTC Bulletin Board, a director of Flotek Industries Inc., an oil services equipment supplier traded on the OTC Bulletin Board, and a director and Vice Chairman of Grey Wolf, Inc. of Houston, Texas, an AMEX-listed oil and gas drilling company with operations on the U.S. Gulf Coast. He serves as Vice Chairman of the Board (non-executive) of Union Drilling, Inc., an oil and gas drilling company with operations in the Appalachian Basin and the Rocky Mountains . Mr. Ziegler is a graduate of Amherst College and received a law degree from the University of Virginia and an M.B.A. from Columbia University .

David W. Wehlmann joined the Company in July 1996 as Vice President and Controller. He was promoted to Senior Vice President, Chief Financial Officer and Secretary in February 1998 and Executive Vice President in March 2003. From November 1994 until he joined the Company, Mr. Wehlmann was Vice President and Chief Accounting Officer of EnerVest Management Company, L.C., a privately-held oil and gas property acquisition and management company. Mr. Wehlmann was Controller of Convest Energy Corporation, a publicly traded oil and gas exploration and production company, from April 1991 until November 1994. Mr. Wehlmann is a member of the Listed Company Council of the American Stock Exchange and is a certified public accountant.

Frank M. Brown has been a director of the Company since May 2000. From January 2006, Mr. Brown has been a private consultant in the Alaskan oil and gas industry. From September 2000, Mr. Brown has served as President of Fairweather International, Inc. He served as Senior Vice President of ARCO Alaska, Inc. from 1994 until his retirement in 1999. Prior to that, Mr. Brown was President of ARCO Long Beach Company from 1992 to 1994 and served as President of THUMS Long Beach Company ( THUMS ) from 1990 to 1992. Mr. Brown was employed for 29 years by ARCO and related companies, all of which were engaged in the exploration and production of oil and gas. He served as Co-Chairman of the Alaska Highway Natural Gas Policy Council from 2001-2002.

William R. Ziegler is of counsel to Satterlee Stephens Burke & Burke LLP. He has practiced corporate, banking and securities law since 1968. Mr. Ziegler holds directorships in several corporations, including Sarvis Incorporated, Grey Wolf, Inc., Equinox Capital, Geokinetics Inc., Flotek, Inc. Somerset Energy Co., Vesta Corp. and La Crosse Milling Company. He specializes in financial, transactional and regulatory matters, including mergers, acquisitions and dispositions, commercial and industrial financing transactions, workouts and debt restructurings, and securities offerings. During his career, he has served as a principal outside counsel to Fleet Bank (New York Region), Mutual Benefit Life (Capital Markets Group), Empire Insurance Group, Macmillan, Inc., The United Corporation, Canadian International Power Company Ltd. and the Grumman Corporation Employee Investment Plan, which held the controlling block of that company's stock. Mr. Ziegler has served as regular counsel to property casualty and life insurance companies and has participated in the demutualization of a New York State insurer. He also represents public and private energy companies and energy service companies as their general counsel and in a variety of transactional and securities matters. He serves as Chairman of Vesta Corp. and Geokinetics and Vice Chairman of Grey Wolf, Inc. In the course of his practice, Mr. Ziegler has had in-depth experience with mergers and acquisitions of public and private corporations. He has advised corporate fiduciaries which were subject to hostile takeovers and in a variety of other circumstances, including proxy contests, insolvencies and corporate reorganizations. He has represented first-time issuers of publicly traded debt and equity securities and corporations which have issued such securities to finance capital expansion and in connection with acquisitions and reorganizations. Mr. Ziegler is admitted to practice in New York and before the United States Court of Appeals, Second Circuit.