Bonnie Milne-Andrews, M.Sc. Geology SUMMARY Ms. Milne is an experienced exploration and production professional with expertise in domestic and international new ventures, acquisition and divestiture, exploration and drilling operation. She has managed a wide range of conventional and unconventional energy projects and consulting engagements in North and South America, the Former Soviet Union, the Middle East, West Africa and Australasia. Her areas of specialty include upstream investment opportunity identification, conventional and unconventional reservoir evaluation, petroleum systems analysis, prospect generation, exploration and development risk analysis, resource assessment, 3-D seismic and stratigraphic interpretation utilizing IHS Kingdom Suite, well planning, drilling, completions and economics support. Ms. Milne s working and consulting experience has included engagements for major global oil and gas operating companies as geologist, business development manager, exploration consultant, and manager geological operations. She has significant experience testifying in the legal arena on matters in her field. Ms. Milne has a master s degree in geology and is a state certified professional geoscientist and a certified petroleum geologist. She maintains membership in numerous professional organizations and societies. EMPLOYMENT HISTORY 2014 to 2015 Tecpetrol Corporation, Consultant 2013 to 2014 Repsol USA, Business Development, Americas 2011 to 2013 Hyperdynamics Corporation, Manager, Geological Operations 2004 to 2011 Swift Energy Company, Manager, South Texas Development; Exploration JV Manager; Team Leader South Louisiana Exploration; and Senior Geologist, Strategic Ventures Team. 2004 Exploration Consultant 2004 C&C Reservoirs, Consulting Geoscientist 2002 Subsurface Consultants and Associates, Consulting Geoscientist 1415 Congress Street, Suite 200 Houston, Texas 77002 Direct: 713.800.2564 Fax: 713.800.2634
2000 to 2003 Schlumberger, Network of Excellence in Training, Manager of Business Development, North and South America 1997 to 2003 Amoco Corporation, Business Development, West Africa, Middle East and Former Soviet Union, and Geoscience Technology Training Unit 1991 to 1997 BP Amoco, Consulting Geological Associate, Project Associate, and Project Geologist 1991 to 1992 Project Geologist, Bolivia/Argentina, 1987 to 1991 Project Geologist, Gabon 1985 to 1987 Project Geologist, Qatar 1985 to 1987 Project Geologist, Bolivia/Argentina 1979 to 1985 Project Geologist, West Texas and New Mexico REPRESENTATIVE PAST PROJECTS AND CONSULTING ENGAGEMENTS (1975 to Present) Tecpetrol Corporation September 2014-March 2015). Consultancy - Special Projects inclusive of international ENV/PNV opportunities. Project work included identification of new opportunities in West Africa, Latin America and North America. Brought to table a 3.4 BBOil recoverable unconventional project for corporate consideration. Technical and commercial work was performed to fine tune the opportunity for corporate management consideration. Repsol USA (September 2013-September 2014). Business Development, Americas. Identified new upstream investment opportunities for Repsol. Focus of work was primarily North America onshore and offshore. Combination of skills including opportunity identification, high level technical scrutiny and commercial analysis. Met weekly with numerous domestic and international investment banks to review available opportunity sets advising Repsol management of potential targets. Contributed to the technical and commercial assessment of Talisman Energy assets leading to a Repsol buyout offer. Hyperdynamics Corporation (June 2011-April 2013). Manager Geological Operations, Planning and execution (logistics, drilling, wireline, coring) of $100MM drilling campaign, offshore Guinea Basin, Republic of Guinea, West Africa; successful campaign concluded March 2012. Worked with technical staff and Bank of America acquisition and divestiture consultants to generate a portfolio of exploratory opportunities resulting in technical/commercial presentations to 11 major and large independent E&P companies. Result of that work was to successfully transfer operatorship of deep water submarine fan play to Tullow Oil, U.K. Bonnie Milne-Andrews www.accumyn.com Page 2 of 5
Swift Energy Company (August 2007 to May 2011). Manager South Texas Development; Eagle Ford Shale and Olmos Tight Gas Sandstone Plays; Exploration JV Manager, Petrohawk/Swift JVE&D; Manager South Texas, with integrated Asset Team - planning, designing and executing a successful horizontal drilling program over key assets in South Texas and establishing and expanding a JV opportunity as related to the Eagle Ford Shale (resource play) in South Texas. Supervised a team of 10 geoscientists and geotechs. Swift Energy Company (April 2007-August 2007). Team Leader, South Louisiana Exploration, managing and performing technical work on exploration project over 1700 square mile Catapult 3-D survey area, deep gas plays; team identified 20 or more substantial prospects with varying risk profiles. Swift Energy International (November 2004-April 2007). Sr. Geologist, Strategic Ventures Team: Play Fairway Analyses, Taranaki Basin and East Coast Basins Licensing Round, New Zealand; Evaluation of production/exploration new ventures in Europe, Caribbean and Australasia; Cook Inlet Basin Studies have resulted in an Alaska entry for company as a result of technical and business analyses (March, 2005). Late 2006 work included $175MM acquisition of 6 South Louisiana fields from BP; technical analyses of South Louisiana property in advance of acquisition and following acquisition. Exploration Consultant (2004). Evaluation of 3-D survey over offshore block in Mustang Island and Brazos areas, offshore GOM Texas. Work has involved mapping of block, delineation and detailing of four prospects, stratigraphic analysis and documentation of recommendations. Recommendation of four strong prospects to management/partners and potential investors. First prospect was drilled and completed (October 2006) with estimated EURR of 20 BCFG. IHS Energy, Houston, 2004. Consulting Geoscientist supporting marketing design and planning for New Ventures Basin Analysis tools. C&C Reservoirs, Houston, 2003. Consulting Geoscientist - business development, sales, training and technical project solutions, handling C&C Reservoirs product line, DIGITAL ANALOGS and customized (technical) E&P Analogs Solutions, Nile Delta, China and U.S. Domestic basins. Subsurface Consultants and Associates, Houston, May-November 2002. Consulting Geoscientist - Business Development Special Projects. Schlumberger, Network of Excellence in Training 2000-2003. Manager of Business Development, North and South America, Business Development focus for North and South America. Identified, designed, negotiated and delivered high-end petroleum-oriented professional training to major E&P companies in the areas of Geosciences, Petrophysics, Petroleum Engineering and Drilling and Completion. Amoco Corporation, Houston, TX 1997-1999. Business Development Geoscience Technology Business Unit (1997-1999). Identified business needs and provided appropriate geological and Bonnie Milne-Andrews www.accumyn.com Page 3 of 5
geophysical technology applications/solutions to wide base of international customers operating in West Africa, Middle East and Former Soviet Union. BP Amoco-Consulting Geological Associate, Deepwater Gabon (1997). Coordinated team of geoscientists and engineers in a technical and economic re-assessment of offshore Deepwater Gabon exploration opportunities to refocus Amoco s West Africa portfolio. BP Amoco-Project Geologist, North Pricaspian Basin, Kazakhstan (1996-1997). Technical geoscientist and coordinator for joint Amoco and Turkish Petroleum (TPAO) Corporation technical (petroleum systems and prospect generation) study of onshore Temir Concession. Work was conducted in Ankara, Turkey and Houston, Texas. BP Amoco - Project Geologist, Sea of Azov, West Kuban Region, Russia (1995-1996). Technical geoscientist pursuing new exploration targets and evaluating existing prospects, Sea of Azov. Incorporated new seismic and geological data into evaluation of the basin and completed exploration risk analysis. As team coordinator, organized a joint Russian and Amoco - Louisiana State University three-day seminar, Oil and Gas Development in Coastal Regions with Russian government. Academic and Russian media representatives were in attendance. BP Amoco - Project Geologist, Sakhalin Island, Russia (1992-1994). Technical evaluation of offshore Sakhalin Island 3rd and 5th Licensing Rounds in partnership with Royal Dutch Shell Sequence Stratigraphy team. Co-authored a published study Regional Seismic Stratigraphy of Sakhalin Island. Stratigraphic, volumetric and risk analysis of offshore areas lead Shell and Amoco towards final bid decision. Work conducted on Sakhalin Island, The Hague and Houston, Texas. BP Amoco - Project Geologist, Timan Pechora Basin (1991-92). Regional Studies and opportunity screening (PNV/ENV). Project Geologist, Sub Andean Fold belt, Bolivia/Argentina (1991-1992). Technical evaluation of Chevron Caipipendi block. Worked extensively with Chevrons Bolivia and U.S offices as well as YPFB (Bolivian National Oil Company). Work included mapping, stratigraphic assessment and risk analysis of thrust-related prospects. Work conducted in Bolivia, Houston, Texas and Argentina. Geologist: Deepwater and Shelf: Gabon Coastal Basin, Gabon (1987-1991). Development operations and exploration activities in Amoco Oguendjo and Gombe Marin properties. Recommended and drilled wells in offshore Oguendjo Field. Work lead to position as technical geoscientist for Amoco-Royal Dutch Shell evaluation and resultant bid of Gabon 5th (Deepwater) Licensing Round. Presented bid to Gabon Petroleum Directorate. Work conducted in Gabon, Houston, Texas and The Hague. Bonnie Milne-Andrews www.accumyn.com Page 4 of 5
Project Geologist, Arabian Platform, Qatar (1985-1987). Project geologist for onshore Block 2 concession, which included Pan-Arabian regional studies, prospect generation, risk analysis and drilling operations. Work conducted in Doha, Qatar and Houston, Texas. Worked Arab A-D reservoirs and deeper Paleozoic (Khuff) exploration. Project Geologist, Permian Basin, Eastern Shelf, West Texas and New Mexico (1979-1985). Project Geologist involved in exploration and development prospect generation and drilling operations. Results of work included small to medium oil and gas discoveries. EDUCATION, CERTIFICATIONS AND APPOINTMENTS Master of Science, Geology, University of Iowa, Iowa City, Iowa 1979 Certificate: Rice University, Jones School of Business: Rice Program for Managers, 1999 Professional Geoscientist, State of Texas, 2003, License #2717 Certified Petroleum Geologist, AAPG Division of Professional Affairs Certificate CPG #6214 Member, Houston Geological Society Member American Association Petroleum Geologists Elected Director, Houston Geological Society 2006-2008 Houston Geological Society International Technical Programs Coordinator 2004-2009 Houston Geological Society- TechnoFest and Guest Night Committees 2005-2011 Recipient of Houston Geological Society President s Award, June 2008 Chairman, Student Volunteers AAPG Annual Convention (April 2011) Elected Member of AAPG House of Delegates 1997-2007 and 2010-2013 Elected Foreman, AAPG House of Delegates, Houston Chapter 2012-2013 Chair, Awards Committee, Houston Geological Society 2013-2014 Chairman, Student Volunteers, AAPG Annual Convention (2014) Board Member, Society of Independent Explorationists (SIPES) 2014-2015 Bonnie Milne-Andrews www.accumyn.com Page 5 of 5