President, CEO.

Mr. Beato has thirty years of domestic and international oil and gas experience. Exaro Energy was initially formed in 2005 for Mr. Beato to participate in a Joint Venture he founded and managed with MDU Resources, Fidelity Exploration & Production Company of Texas LLC. Under Mr. Beato’s leadership, Exaro has developed / developing over 800 bcfe of net reserves with an average full cycle F&D below $1.00/mcfe. Previously, he has held various positions with major and independent oil & gas companies responsible for project / asset management, engineering, and production operations in over 42 different countries. Past career highlights include serving as the Director of Baker Hughes Singapore and Managing Director of Baker Hughes Solutions' for Asia Pacific and the Middle East. Baker Hughes Solutions was focused on the development of partner alliances, performance contracting, risk management, and redevelopment of oil and gas fields for their national oil company partners. Prior to working for Baker Hughes, Mr. Beato held engineering, operations, and supervisory positions in both the drilling and production departments for Conoco Inc. During this period he was the lead drilling engineer for the Heidrun TLP pre-drilling batch set operations in Norway, the lead drilling engineer for the Jolliet TLP development in the Gulf of Mexico, and the Project Manager for the conceptual design and management of a marginal reserve development in the Gulf of Mexico. Mr. Beato has authored twenty-six industry professional papers and articles and has fourteen U.S. patents applied/issued. Many of Beato’s technology patents have been implemented, including a tender assist deepwater development concept that has been deployed on five projects thus far to develop over 1 billion boe. Most recently, Beato designed, patented, and built a series of automated casing drilling rigs with Huisman-Itrec based in Holland and operated these rigs to provide Exaro with a unique competitive advantage. Mr. Beato is a petroleum engineer and graduated from the Colorado School of Mines in 1986.

Senior Vice President

Mr. Clark is a registered petroleum engineer with over 27 years experience in oil and gas exploration. Mr. Clark joined Exaro as a result of its most recent Jonah development project, which he played a key role in identifying and brining to fruition. Mr. Clark’s responsibilities at Exaro include all aspects of reservoir management and development of our Jonah asset. He has worked in various engineering and management capacities with independent oil and gas companies, where he was responsible for drilling and completion recommendations, budget preparation, project coordination and asset management on projects throughout the Rocky Mountain Region. In March 1993, Mr. Clark founded Odyssey Exploration, Inc., and worked in collaboration with Stanley Energy, Inc. to develop very large, new, unconventional projects in the Rocky Mountain Region. Significant discoveries of gas were made and for much of this time Mr. Clark served as Stanley’s President directing its exploration activities. During his tenure with Odyssey and Stanley, Mr. Clark partnered with many large independent oil and gas exploration companies, including EnCana Oil and Gas, Occidental, Anadarko, Samson Resources, Petroleum Development Corporation, Cabot Oil and Gas and Forest Oil. Mr. Clark has authored and presented technical papers on secondary-tertiary recovery and on unconventional tight gas projects and has served as an expert witness in multiple cases. Mr. Clark received a Bachelor of Science degree in Petroleum Engineering from the Colorado School of Mines in 1985 and a Masters of Business Administration degree from the University of Colorado in 1990. He is a registered professional engineer in the State of Colorado. He is a member of the Rocky Mountain Association of Geologists, Society of Petroleum Evaluation Engineers and Society of Petroleum Engineers, where he has held several elected positions including Denver section Chairman and Director. He is an active member and past Director of the Colorado School of Mines Alumni Association.

Senior Vice President

Mr. Atwood has been associated with the energy industry since 1975, serving in various management capacities since 1981. Mr. Atwood has managed Exaro’s business development, banking / accounting, land, and regulatory functions since the company’s inception. Working closely with Mr. Beato, he served as Director of Business Development and Land for Fidelity Exploration & Production Company of Texas, LLC. The FEPC of Tx Joint Venture was founded based on three mature fields that Mr. Atwood played a key role in identifying and acquiring. Previously, he served as Vice President of Business Development and Corporate Finance for Blue Dolphin Energy Company and its affiliate Drillmar, Inc. from 1991 to 2005. During his employment with Blue Dolphin/Drillmar, Mr. Atwood identified and closed on the acquisition of eight producing fields and thirty four non-producing blocks in the Gulf of Mexico, participated directly in the identification and acquisition of three mid-stream pipeline acquisitions and directed the successful purchase and resale a $120 million major natural gas storage project in the Northeast. He co-founded and served as Senior Vice President of Land and Administration for Glickenhaus Energy Corporation from 1987 to 1991, was Area Land Manager for CSX Oil & Gas Corporation from 1984 to 1987 and Division Land manager for Volvo Petroleum/Hamilton Brothers from 1981 to 1984. He served in various land capacities for Tenneco Oil Company from 1977 to 1981 and as an independent landman from 1975 – 1977. Mr. Atwood holds a Bachelor of Arts Degree from Oklahoma City University and a Master of Business Administration Degree from Houston Baptist University.

Principal Geoscientist / Asset Management

Dr. Russell has over 30 years of energy industry experience with 25 years in exploration and production serving in various management and technical advisory capacities. He has been a principal in Exaro since 2010, and coordinated planning of company-operated fields in Starr County, Texas. Prior to joining Exaro, Dr. Russell conducted and managed geoscience/business development evaluations for exploration and production operations in multiple onshore North America basins. As Vice President Upstream for Syntroleum Corporation, he was responsible for exploration, development and production in US mid-continent, and directed teams that evaluated gas reserves worldwide for monetization via gas-to-liquids (GTL) conversion. Dr. Russell initiated and directed project funding, contract, design and construction of a demonstration GTL plant at the Tulsa Port of Catoosa, Oklahoma. Construction and operation of this plant was underwritten in part by the U.S. Department of Energy (DOE). He also coordinated technology development efforts including synthetic fuels testing with multiple automobile, fuel cell manufactures, and the DOE. While with Marathon Petroleum Technology, Dr. Russell consulted for business development and was secunded to teams for North Sea, Australia, North Africa, Wyoming and Alaska field development. With Gulf Research and Development Company he conducted research in structural/paleotectonic controls on hydrocarbon systems of offshore California and Alaska. Dr. Russell holds a Ph.D. in Geological Sciences, from Northwestern University and an AB in Geology from the University of California, Berkeley. He is a licensed Professional Geologist in Wyoming and Texas.