PERSONNEL

Robert G. Bertagne, Petroleum Explorer

Has the complete range of professional skills to conduct petroleum exploration projects from the concession acquisition phase to the production phase, including the related operations.

Robert Bertagne has over 46 years experience in petroleum exploration; 20 with Conoco where he occupied positions from geophysicist to Vice-President. He then spent 3 years with various U.S. independent companies and successfully expanded their exploration programs and production in several overseas host countries.

As President of Marex, for the past 23 years, he has participated, on a risk basis, in exploration programs and power generation ventures, with selected partners, in several overseas locations. He has been active in France for the past 20 years conducting exploration in the southern Aquitaine basin and the Parentis basin.

Robert Bertagne has also worked as a consultant for the U.S. government and the World Bank on various foreign projects.

He has worked, on site, in 77 sedimentary basins located in 44 countries and was part of the teams that discovered petroleum production in the North Sea, France, Tunisia, Libya, the United Arab Emirates, Ecuador, Venezuela and several other world-wide locations.

He graduated from Tulsa University with a Geology degree. He speaks fluent French, Spanish, and Italian.
Allen Bertagne, Petroleum Technology Consultant

Allen Bertagne has over 25 years of exploration and production experience and is proficient in modern techniques of integrated exploration and reservoir characterization.

He also has extensive managerial experience with all the aspects of E & P activities, both onshore and offshore in various oil provinces world wide.

Allen began his career with Exxon, exploring in the Utah-Wyoming Overthrust Belt and other Rocky Mountain Basins. He next worked in the service sector with CGG, PGS, CoreLab and Fusion. He developed the Megaregional™ approach to basin evaluation and new play generation, and later led exploration and asset teams that worked on projects in the U.S, Mexico, Venezuela, North Africa, China and other areas. Bertagne first worked in the Aquitaine Basin in 1986.

He has published many papers on topics related to exploration and has served on the Editorial Board of The Leading Edge and as First Vice President of the Society of Exploration Geophysicists. He was named an Honorary Member of the Geophysical Society of Houston in recognition of his contributions to the industry.

Allen Bertagne is a graduate of Imperial College, London with a degree in Geology and has a Master's degree from the University of Texas at Austin. He speaks fluent French and conversational Spanish.

Paul O. Naut , Drilling and Production Advisor

Paul Naut has 48 years experience in the oil industry, including 24 with Exxon. He participated or managed drilling and production operations in seven areas.

In Venezuela he was responsible for the development of producing fields for Creole Petroleum an Esso subsidiary; first in the Lake Maracaibo area, then Jusepin and, later, the Quiriquire field (500 wells; 65,000 BOPD or 3,250,000 tons per year).

In Libya he brought on stream the Esso Libya concessions managing the drilling of the wells, the production facilities and pipeline construction, and bringing the production from 0 to 500,000 BOPD or 25 million tons per year in 5 years.

With Esso Australia he was responsible for the development of the Bass Strait field consisting of five offshore platforms producing over 370,000 BOPD and 100 MMCF of natural gas (18.5 million tons of oil per year plus 1 million cubic meters per year of natural gas).

In France he advised EssoREP for assistance with particular problems related to the drilling and producing of selected wells in the Parentis basin.

In the U.S.A. he has specialized in the environmental problems concerning the production of oil and gas in the ecologic zones of the natural reserves of Louisiana and Texas, both onshore and offshore.

Paul Naut has also worked in Southeast Asia and offshore West Africa. He graduated from Oklahoma University in Petroleum Engineering. He speaks fluent Spanish and conversational French.

Detailed resumes of all Marex personnel are available on request.