Board of directors

Mr. Driscoll is a widely respected pioneer in the oil and gas, and royalty trust sectors. His enterprises launched in the 1980s were the first to give Canadian investors a direct interest in oil and gas production. During the last 20 years, Mr. Driscoll has been Chairman or CEO of issuers that have invested, or managed the investment of, more than $12.4 billion. He has founded numerous public partnerships as well as public and private energy and investment-related companies. Mr. Driscoll has more than 35 years of diversified business experience.

Mr. Driscoll is the founding President, Chairman and Chief Executive Officer of Sentry Select Capital Corp. He also founded, and has been Chairman of, NCE Resources Group since 1984, and Chairman and founder of Petrofund Energy Trust from 1988 to 2006, in June of which year Petrofund Energy Trust merged with Penn West Energy Trust. Mr. Driscoll has also been Chairman of Strategic Energy Fund, Endev Energy Inc., C.A. Bancorp. and Charter Realty since May 2002, October 2003, January 2006 and March 2007, respectively. He has been President, since 1981, of J.F. Driscoll Investment Corp., a company specializing in investment management and related advisory and consulting services.

Mr. Driscoll received his Bachelor of Science degree from the Boston College Business School and attended the New York Institute of Finance for advanced business studies. He is a member of the CFA Institute (formerly the Association for Investment Management and Research) and also attained the professional manager designation with the Canadian Institute of Management.

Frank Crothers is a corporate executive with extensive business expertise. Over the past 35 years, he has served on many public and private sector boards. Mr. Crothers is Chairman and CEO of Island Corporate Holdings Limited, a private Bahamas-based investment company. He is Vice-Chairman of Abaco Markets Limited, Indigo Networks Limited (Bahamas) and former Vice-Chairman of Boschendal Wine Estates (South Africa). He is also a Director of Caribbean Utilities Company Ltd., Nuinsco Resources Limited, CIC Energy Corp., BrazMin Corp., Templeton Mutual Funds, and Victory Nickel Ltd. For more than a decade, he was on the board of Harvard University Graduate School of Education and recently served a three-year term as Chairman of CARILEC, the Caribbean Association of Electrical Utilities.

Philip Johnson has been President of Pinnacle Reefs Ltd., a private consulting company that provides management consulting and financial services largely to emerging and senior oil and gas companies, since 1988. From 1972 to 1988, Mr. Johnson held various coordination and management capacities at Imperial Oil Limited, including Vice-President of the Commercial Department. Mr. Johnson’s responsibilities included wholesale petroleum product sales, acquisition of crude oil for refineries, scheduling of refineries, product pipeline operations and the lubricants business. During his tenure he was seconded to Exxon Mobil Corporation as Coordinator of World Petroleum Product Sales and then Coordinator of World Downstream Strategic Planning. Mr. Johnson serves as a director of European Goldfields Limited, CAPVEST Income Corp., Canadian Income Management CIM Limited, Universal Infrastructure Corp. and Global Alternatives Inc. as well as several private corporations. Mr. Johnson has been a member of the CJCF Charitable Fund, a fund that provides seed capital to charitable ventures, since 1973 and served as its Chairman for five years. Mr. Johnson received a Master of Arts (International Relations) degree in 1970 from the Patterson School of International Affairs at Carleton University where Lestor B. Pearson was his thesis advisor.

Mark Gardhouse joined C.A. Bancorp Inc. as President in the fall of 2005. He has over 24 years experience as a merchant banker both at financial institutions and as a direct principal.

From 1998 to 2005, Mr. Gardhouse was managing director of corporate finance at Roynat Capital Inc., a division of Scotiabank, where he was responsible for establishing and developing the "in house" buyout and corporate finance group. Prior to his tenure at Roynat, he negotiated and structured financial transactions and acquisitions for various different firms and banks, including National Bank of Canada, Lincoln Capital and First Chicago.

Mr. Gardhouse received his honours Bachelor of Arts degree in Economics from the University of Toronto and his Masters of Business Administration degree from the Richard Ivey School of Business at the University of Western Ontario in 1983.

Mark currently sits on the board of AgriFinancial Canada Corp., Bermingham Foundation Solutions and C.A.B. Barlow Holdings Corp.

Frank Potter has been Chairman of Emerging Markets Advisors Inc. in Toronto since 1995. He has an extensive background in international banking and is a former Executive Director of The World Bank. More recently he was senior advisor at the Department of Finance in Ottawa. He sits on a number of boards, both corporate and not-for-profit, including Sentry Select, Canadian Tire Corporation Limited and Penn West Energy Trust. Mr. Potter attended the Royal Military College of Science, and is a Fellow of the Institute of Canadian Bankers.

Richard J. Zarzeczny is President of Canadian Enerdata Limited (established in 1984), an energy and economic consulting firm specializing in oil and natural gas market analysis and forecasting. Mr. Zarzeczny is a trustee of Charter REIT. He is the publisher/editor of the Canadian Gas Price Reporter, the leading Canadian newsletter covering natural gas prices and gas indices. He graduated from Simon Fraser University in 1980 with a Master of Arts Degree in Economics specializing in econometrics and in 1975 received a Master of Arts Degree in Mathematics from the University of Regina.