Mr. Rick George, O.C., served as a director and the President and Chief Executive Officer of Suncor from 1991 to 2012. During his tenure at Suncor, Mr. George showed exceptionally strong leadership in transforming the company from an oil sands pioneer into Canada's largest energy company. Mr. George is currently a director of the Royal Bank of Canada and Anadarko Petroleum Corporation and a partner of Novo Investment Group (an investment management company). Mr. George holds a Bachelor of Science degree in engineering from Colorado State University, a law degree from the University of Houston Law School and is a graduate of the Harvard Business School Program for Management Development. Mr. George is an Officer of the Order of Canada.

Mr. Allan Markin, O.C., A.O.E. served as a director and the Chairman of the Board of CNRL from 1989 to 2012. Over that time, he was instrumental in the growth and success of the company as it progressed from a junior producer to one of Canada’s largest and strongest energy companies. He holds a Bachelor of Science degree in Chemical Engineering from the University of Alberta and is the recipient of numerous honorary degrees. He has been recognized by the Order of Canada, the Alberta Order of Excellence and the Calgary Business Hall of Fame. He has received the Pinnacle Award of Business Excellence in Alberta, was named Calgary’s Citizen of the Year in 2004 and is widely-known for his philanthropic contributions.

Mr. Andrew is the Vice-Chairman of the Board of Penn West, a position he has held since August 2011.  He acted as the Senior Executive Officer of Penn West from December 1992, including as the Chief Executive Officer from June 2005, until his appointment as Vice-Chairman.  During this time, he led the company from a small capital explorer to one of Canada's largest senior oil and gas exploration and production companies.  Mr. Andrew has also served as the Chairman of Long Run Exploration Ltd. (formerly Guide Exploration Ltd.) ("Long Run") since August 2011 and the Chief Executive Officer of Long Run since November 2011.  Mr. Andrew is a Petroleum Engineer with 35 years of oil and natural gas industry experience.  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.  Prior to joining Penn West, Mr. Andrew held senior positions at Gulf Canada, Shell Canada, Canadian Occidental Petroleum and Ocelot Industries and served as a Vice President at Opinac Exploration.  Mr. Andrew is currently serving his second term as Chancellor of the University of Prince Edward Island, Director of The Fathers of Confederation Buildings Trust, Board of Management member of the Alberta Economic Development Authority and honorary co-chair of L.M. Montgomery Land Trust fundraising campaign. He has served as a Trustee of the Grace Hospital as well as on the Board of Governors of the Canadian Association of Petroleum Producers, and is a former Director of the Canadian Wind Institute.

Mr. Allard is an independent director and business advisor. He has a 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 over 42 years, during which time he has served as the Chief Executive Officer, Chief Financial Officer and/or a director of a number of publicly traded and private companies. Over the past eleven years he has served on the board of the Alberta Securities Commission, acted as the sole external trustee and advisor to a mid sized pension plan and served as a director and advisor to several companies. From 1981 to 1995, Mr. Allard served as a senior executive officer of Amoco Corporation and as a director of Amoco Canada, which at that time was Canada's largest natural gas producer. In addition, Mr. Allard is a member of the Institute of Corporate Directors.

Since 1984, Mr. Brookman has been the Chief Executive Officer of West Canadian Industries Group Inc., a digital printing and document management company. In 1984, Mr. Brookman acquired West Canadian Industries Group 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, Ottawa, Mississauga, Calgary and Edmonton. He was also the founder of Commonwealth Legal Inc., Canada's only national litigation support services company. Prior to acquiring West Canadian Industries Group, Mr. Brookman was involved for many years in the commercial development industry in the Real Estate Group at Manulife and later as the Vice President of ATCO Development Ltd. In addition to his over 35 years of business experience, Mr. Brookman has been active in the community and is currently the Chairman of the Board for Tourism Calgary and Immediate Past President and Chairman of the Calgary Exhibition and Stampede. In addition, Mr. Brookman is a member of the Institute of Corporate Directors.

Ms. Denham, a Corporate Director, sits on the board of Morneau Shepell Inc., a provider of human resource consulting and outsourcing services, and the boards of National Bank of Canada, Munich Reinsurance Company of Canada and Temple Insurance Company. From 2001 to 2005, she was Vice Chair, Retail Markets at Canadian Imperial Bank of Commerce (CIBC). Ms. Denham joined Wood Gundy in 1983, subsequently acquired by CIBC, as an Assistant Vice‐President in Corporate Finance. Throughout her career at CIBC, she held progressively more senior roles. From 2006 to 2010, she was a member of the board of directors and Chair of the Human Resources and Compensation Committee of the Ontario Teachers’ Pension Plan. Ms. Denham is a member of the board of governors and the audit committee of Upper Canada College. She holds an Honours Business Administration from University of Western Ontario School of Business and an MBA from Harvard Business School.

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, Mr. Gilbert 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.

Mrs. McClellan has served as the Chancellor of the University of Lethbridge since February 2011.  In addition, Mrs. McClellan is Distinguished Scholar in Residence at the University of Alberta for the Faculties of Agriculture and Rural Economy and the School of Business, lecturing primarily in Rural Economy and the School of Business.  In addition, Mrs. McClellan serves as the Chair of Horse Racing Alberta, a private not-for-profit corporation.  Mrs. McClellan brings to Penn West the experience gained over 20 years of distinguished service to the Province of Alberta.  Her career included 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 Government of Alberta.  Mrs. McClellan 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 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.

Mr. Nunns is the President & Chief Executive Officer of Penn West, a position he has held since August 2011.  Prior to his appointment as Chief Executive Officer, Mr. Nunns served as the President & Chief Operating Officer of Penn West from February 2008.  In addition, Mr. Nunns served as member of the Board of Penn West from May 31, 2005 until January 11, 2008, during which time he also served as the Chairman of the Reserves Committee.  Mr. Nunns is a professional geologist who has held a number of executive positions in the Canadian oil and natural gas industry prior to his time with Penn West.  He served as the Chairman of Monterey Exploration Ltd., a public oil and gas company, from 2005 until September 2010.  From 2003 to 2005, he served as the President and Chief Executive Officer of Crispin Energy Inc., a public oil and gas company.  From 1993 to 2002, he held a variety of management positions at Rio Alto Exploration Ltd., a public oil and gas company, including Executive Vice President of Exploration and Development and Chief Operating Officer.

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 principal banks before being appointed Executive Director of the World Bank in Washington where he served for nine years. Mr. Potter subsequently served as a Senior Advisor at the Department of Finance for the Canadian government. He is formerly the Chairman of Emerging Markets Advisors, Inc., a Toronto based consultancy that assists corporations in making and managing direct investments internationally. Mr. Potter serves on a number of boards, including Canadian Tire Corporation Limited and the Royal Ontario Museum, and has experience serving on audit committees for several public issuers.

Mr. Schanck brings over 35 years of experience in the US and Canadian international oil and natural gas industry, as a geologist and an experienced manager.  Since December 2010, Mr. Schanck has held the position of President, Chief Executive Officer and director of Sonde Resources Corp. (an Alberta-based oil and natural gas exploration company).  Prior thereto, Mr. Schanck was an independent businessman from January 2010 until December 2010, and from 2007 to 2009, the Managing Partner of Tecton Energy ("Tecton"), following the merger of SouthView Energy and Tecton.  Prior to joining Tecton, Mr. Schanck was Chief Executive Officer of SouthView Energy, an independent oil and natural gas investment vehicle funded by Jefferies Capital Partners and Quantum Energy Partners.  For over five years before starting SouthView Energy, Mr. Schanck served as Co-Chief Executive Officer of Samson Investment Company ("Samson"), a large private oil and natural gas company based in the U.S.  Prior to his work with Samson, Mr. Schanck held a variety of technical and managerial positions, over a 23-year period with Unocal Corporation, including President of Spirit Energy (the domestic exploration and production portion of Unocal), Executive Vice President, International, Executive Vice President, World Wide Exploration, and President of Unocal Canada.

Mr. Smith is a Chartered Accountant with over 40 years of experience in public accounting and industry. Since 1998, he has been a business consultant and independent director to a number of public and private companies operating in the oil and natural gas industry. From February 2002 to June 2006, he served as the Vice-President and Chief Financial Officer of Mercury Energy Corporation, a private oil and natural gas company. Mr. Smith also held the position of Chief Financial Officer of Segue Energy Corporation, a private oil and natural gas company, from January 2001 to August 2003. From 1999 to 2000, Mr. Smith was the Vice-President and Chief Financial Officer of Probe Exploration Inc., a publicly traded oil and natural gas company. Mr. Smith served as the Vice-President and Chief Financial Officer of Crestar Energy Inc. from its inception in 1992 until 1998, during which time the company completed an initial public offering, was listed on the TSX and completed several major debt and equity financing transactions.