Penn West Petroleum Ltd.

Bill is a Petroleum Engineer with 35 years of oil and natural gas industry experience, including 15 years with Penn West. He received his engineering diploma from the University of Prince Edward Island in 1973 and a bachelor degree in engineering from Nova Scotia Technical College in 1975. Bill joined Penn West in 1992 as founding member of the team that lead the company from a very small, non-viable junior producer to one of Canada’s largest senior oil and natural gas exploration and production companies then to North America’s largest energy income trusts. He was named President of Penn West in 1995. Bill is a former Governor of the Canadian Association of Petroleum Producers, Director of the Canadian Wind Institute and is the Chancellor of the University of Prince Edward Island.

"Murray is a Professional Geologist with 29 years of growth oriented oil and natural gas experience, and brings to Penn West a long history of consistent success as an exploration and operational executive. From 1987 to 1993, he received broad geotechnical exposure, including international oil and natural gas portfolio management, as Chief Geologist at Unocal. From 1993 to 2002, Murray held a series of management positions at Rio Alto Exploration Ltd. including Executive Vice President of Exploration and Development and Chief Operating Officer. Since 2003, he has been instrumental in the formation and management of several successful public and private oil and gas companies. Murray was a member of the Board of Directors of Penn West from 2005 until January 2008. "

"Dave is a Professional Engineer with more than 25 years of oil and natural gas industry experience since graduating from the University of Toronto with a degree in Engineering. He has been with Penn West since 1999 holding the Vice President, then Senior Vice President, Production positions between 2001 and 2005. In 2005, Dave assumed overall day-to-day responsibility for Penn West’s oil and natural gas operations as its Chief Operating Officer until 2008 when he assumed his current position where he will increase Penn West’s strategic focus on the development of enhanced oil recovery programs, including the advancement of its initiatives to increase the recovery of light oil using CO2 miscible flooding, from its preeminent inventory of legacy light oil pools. "

"Todd is a Chartered Accountant and a Certified Internal Auditor with more than 23 years of oil and natural gas industry and public accounting experience. He has been with Penn West since 1994 in various positions including Financial Controller, Treasurer from 2001 to 2005 and Vice President, Finance until 2006 when he was promoted to Chief Financial Officer. Todd is a 1983 business school graduate of the University of Lethbridge. "

"Keith obtained both his Bachelor of Arts and Law Degrees at the University of Alberta. In early 2004, after 13 years of private practice in Calgary, Keith joined Burlington Resources and thereafter ConocoPhillips Canada as a Senior Solicitor, working closely with the Land, Surface and Regulatory Departments of both companies. He joined Penn West in October of 2006 as Vice President responsible for land and legal matters. In 2008 he was promoted to his current position. "

"Mark is a Professional Engineer who joined Penn West in 2008. Prior to that, he was Vice President of Operations at Canetic since January 2006. Other positions Mark has held include Vice President of Engineering at Acclaim, Director of Corporate Development and Manager of Operations at Dominion Energy and a variety of roles in increasing responsibility with Chevron Canada and Chevron U.S.A. "

"Thane is a Professional Engineer and an engineering graduate of the University of Oklahoma with more than 15 years of oil and natural gas industry experience. He joined Penn West in 1998 and was Manager, Exploitation from 2001 to 2004, and Vice President, Engineering until 2005 when he was promoted to his current position responsible for drilling, completions and facility operations as well as Penn West’s multi-disciplinary exploitation teams. "

"A member of Penn West’s Board since 1995, Mr. Brussa is a senior partner in the Calgary-based energy law firm Burnet, Duckworth & Palmer LLP specializing in the area of taxation. He attended the University of Windsor where he received his law degree in 1981. He has been with Burnet, Duckworth & Palmer since 1982 and his current practice includes structured finance, taxation of international energy operations, corporate and income trust restructuring and reorganization, dispute resolution and acquisitions and divestitures. He has lectured extensively to the Canadian Tax Foundation, the Canadian Institute, the Canadian Petroleum Tax Society and Insight. He is also a Director of a number of energy and energy-related corporations and income funds including Crew Energy Inc., Endev Energy Inc., Baytex Energy Trust, Focus Energy Trust, Harvest Energy Trust and Galleon Energy Inc. Mr. Brussa is also a past Governor of the Canadian Tax Foundation and is a Director or Trustee of a number of charitable or non-profit organizations. "

"Mr. Gilbert has been active in the western Canadian oil and natural gas sector for over 30 years, working in reserves evaluation with Gilbert Laustsen Jung Associates Ltd. (now GLJ Petroleum Consultants Ltd) (""GLJ""), an engineering consulting firm, from 1979 to 2005. Mr. Gilbert served as President and Chief Executive Officer of GLJ from 1994 to 2005. Since 2005, he has been an independent businessman and investor and serves as a director for a number of public and private entities. Mr. Gilbert is a graduate of the University of Manitoba with a Bachelor of Science in Engineering and is a Registered Professional Engineer in Alberta. "

"Mr. Potter has a background in international banking in Europe, the Middle East and the United States. He managed the international business of one of Canada’s principle banks before being appointed Executive Director of the World Bank in Washington where he served for nine years, and was later Senior Advisor at the Department of Finance for the Canadian government. He is the Chairman of Emerging Markets Advisors Inc. and serves on a number of boards including Canadian Tire Corporation, the Royal Ontario Museum, and Softchoice Corporation. "

"Mr. Brookman acquired West Canadian Industries Group in 1984 and under his leadership it has become one of Canada’s largest privately held digital printing and imaging service companies. He is also a partner in Vistek, a major retail camera operation with stores in Toronto, Calgary and one under construction in Edmonton and was the founder of Commonwealth Legal Inc., Canada’s only national litigation support service operating in six Canadian cities. Prior to acquiring West Canadian, Mr. Brookman was involved for many years in the commercial development industry in the Real Estate Group of Manulife and later as the Vice President of ATCO Development Ltd. In addition to his 35 years of business experience, Mr. Brookman has been active in the community and is currently the President and Chairman of the Board of the Calgary Exhibition and Stampede. He is also on the Advisory Board of the Department of Communications and Culture at the University of Calgary, a Director of KSPS Television in Spokane, Washington and Past President of the Rotary Club of Calgary. "

"Mr. Allard received his Bachelor of Science degree in Business Administration from the University of Connecticut and completed the Advanced Management Program at Harvard University. Mr. Allard has focused his career on international finance in the petroleum industry for the past 40 years serving as CEO, CFO and a director of a number of publicly traded and private companies. During the past seven years he served on the board of the Alberta Securities Commission, acting as the sole external trustee and advisor to a mid-sized pension plan and serves as a director and advisor to several companies. From 1981 to 1995, he served as a senior executive officer of Amoco Corporation as well as a director of Amoco Canada, then Canada’s largest natural gas producer. "

Jim Smith is the Senior Litigation Partner at the firm and heads up the firm's Construction Law Group. Jim practices in the areas of Commercial and Civil Litigation, including Construction Liens and Construction Contracts, Debtor/Creditor and Security Enforcement and Bankruptcy and Insolvency. Jim attended the University of Toronto as a scholarship student and studied Political Science and History for two years. He advanced to Osgoode Hall Law School and graduated with his LL.B. in 1988. Jim has appeared at all levels of courts and tribunals in Ontario, representing chartered banks and institutions, private corporations and entrepreneurs, as well as athletes and sport franchise owners. Jim has extensive experience negotiating for suppliers in the construction industry. Jim is a member of the Law Society of Upper Canada, County of York Law Association, Peel Law Association, Construction Law Division of the CBAO, Canadian Bar Association, Sports Lawyers Association, and is Lead Counsel to the Ontario Lacrosse Hall of Fame and Museum. Jim also received his Masters of Law degree (LL.M) from Osgoode Hall Law School in 1999, specializing in Civil Litigation and Dispute Resolution.

"Mr. Rich's 30+ years of experience in the international oil and gas industry was spent primarily with Amoco Corporation where he was Chairman and President of Amoco Canada Petroleum Company Ltd. He serves as an advisor to Ziff Energy Group and has been a principal of Blackrock Energy Associates, an energy consulting and investment firm, since October 2002. Mr. Rich has lived and worked in Canada, Azerbaijan, Gabon, the U.S. and Trinidad & Tobago, and has had responsibility for the pursuit, capture and operation of upstream projects and opportunities worldwide. Mr. Rich holds an engineering degree and MBA; both from the University of California, Los Angeles (UCLA). "

"Mr. Brawn has been the President of 738831 Alberta Ltd., a private investment company, since May 30, 2003 and is currently a director of ATB Financial, as well as a member of a number of other private and public boards. From January 2006 to January 2007, Mr. Brawn served served as a dorector and Chairman Emeritus of the Board of Canetic Resources Inc., administrator of Canetic Resources Trust (""Canetic""), acquired by Penn West as of January 2008. Mr. Brawn was also a member of the Audit and Reserves Committees of Canetic's board of directors. From April 2001 to May 2003, Mr. Brawn was Chairman of Acclaim Energy Inc. and prior thereto, he was Chairman of Danoil Energy Ltd. In addition to his 49 years of experience in the oil and gas industry, Mr. Brawn was previously the Chairman of the Calgary Chamber of Commerce and the Independent Petroleum Association of Canada, and Co-Chairman of the Calgary Economic Authority. "

"Mrs. McClellan brings to Penn West the experience gained over 20 years of distinguished service to the Province of Alberta. Her career history includes a recent appointment as Distinguished Scholar in Residence at the University of Alberta for the Faculties of Agriculture and Rural Economy and the School of Business, holding the offices of Deputy Premier of Alberta from 2001 to 2007, minister of Finance of Alberta from 2004 to 2007 and Chair of the Treasury Board and Vice-Chair of the Agenda and Priorities Committee of the Alberta Assembly. Mrs. McClellan has served a total of six terms as a Member of the Alberta Legislative Assembly representing the constituency of Drumheller-Stettler. Over this time period, she has held numerous other portfolios, including Minister of Agriculture, Food and Rural Development, Minister of International and Intergovernmental Relations, Minister of Community Development, and Minister of Health. Mrs. McClellan actively serves her community and is particularly passionate about enhancing further education in rural areas. She currently serves as a director for the Alberta Association of Continuing Education and the Canadian Association for Continuing Education. "