STANIMIR A. ALEXANDROV focuses his practice in the areas of international dispute resolution, including investor-state arbitration and international commercial arbitration, and resolution of trade disputes before the World Trade Organization (WTO). He has represented private parties and governments in arbitration before the International Centre for Settlement of Investment Disputes (ICSID), as well as in ICC, UNCITRAL, and AAA international arbitrations. He has also represented governments in WTO disputes. Mr. Alexandrov has been appointed to the ICSID’s Panel of Arbitrators and Panel of Conciliators and serves as an arbitrator in a number of cases under the arbitration rules of ICSID, the London Court of International Arbitration and UNCITRAL. He has appeared as an expert witness in international arbitration on investment treaty interpretation. Mr. Alexandrov’s current and recent international arbitration cases include representations of global investors, such as Bayindir Holdings, Vivendi, Tate & Lyle, Fireman’s Fund Insurance Co., GE and Bechtel, Impregilo S.p.A., and Cargill, and of sovereigns including Costa Rica, Turkey and Peru. He is listed in Chambers Guide to America’s Leading Lawyers for Business 2005, 2006 and 2007; The International Who’s Who of Business Lawyers (Arbitration) 2005, 2006 and 2007; Chambers Global World’s Leading Lawyers for Business 2007; and Practical Law Company’s Cross-Border Handbook on Dispute Resolution 2007/08. Mr. Alexandrov was Vice Minister of Foreign Affairs of Bulgaria, where he managed Bulgaria’s relations with the European Union, the United Nations, the Organization for Security and Cooperation in Europe and NATO and was responsible for all legal work of the Foreign Service. Prior to that, he served as Deputy Chief of Mission of the Embassy of Bulgaria in Washington, D.C., where he negotiated trade and investment agreements and worked with the World Bank and the IMF. He is a professor at the George Washington University Law School in Washington, D.C., where he teaches courses on international law and dispute settlement. Mr. Alexandrov’s publications have been cited by parties to disputes before the International Court of Justice and by Judges of the Court. In addition to English and Bulgarian, he is fluent in French, Russian and Spanish.

Currently is a Member of the Board of Banco del Estado de Chile and a consultant for different firms and multilateral organizations. He is the Chairman of the Board of “Siete+7” a leading Chilean weekly newspaper and the Editor of www.asuntospublicos.orga think tank devoted to the study of public policies. In 1998 and 1999 he was Ambassador of Chile to the United States. Prior to those duties, Arriagada served as Ambassador-at-large and Special Envoy of the President of Chile to the Second Summit of the Americas, which took place in Santiago, Chile, April 1998. From 1994 to 1996, he was Minister, Secretary General of the Presidency. Among the positions Genaro Arriagada has held during his prolonged political career, are National Director of the “NO” Campaign, that defeated General A. Pinochet in the plebiscite of October 1988; was the chief of the presidential campaign of Eduardo Frei, in 1993; and the Head of the presidential campaign of Ricardo Lagos in 1999. Between 1979 and 1993 he was the Chairman of the Board of Radio Cooperativa, the most important radio broadcasting company of Chile. In his commitment with the ideas of democracy, Arriagada has been an international observer in elections in Nicaragua, Panama, Paraguay, Dominican Republic, Bulgaria, Mexico. In 1988, he was distinguished with the Averell Harriman Democracy Award, conferred by the National Democratic Institute of International Affairs, for those who have internationally excelled in their services to the cause of democracy. Today he is member of the Steering Committee of the World Movement for Democracy a “network of networks” of activists and thinkers that is staffed by the National Endowment for Democracy (NED) in Washington D.C. As a political scientist, Arriagada has published several books, articles, and columns, on political, social, and economic issues. Among his works, are: “Pinochet: The Politics of Power”; Boston: Unwin & Hyman, 1988; and with Carol Graham,“Chile: Sustaining Adjustment during Democratic Transition” in “Voting for Reform. Democracy, Political Liberalization and Economic Adjustment”; Oxford University Press, 1994.

Scott Arrington represents domestic and overseas companies, joint ventures and public private partnerships in connection with infrastructure development, acquisitions, dispositions, financings and international transactions, with a focus on international projects in the oil and gas, petrochemical, power and mining industries. Mr. Arrington has considerable experience in advising clients with respect to cross-border transactions and the negotiation, documentation and administration of engineering, procurement and construction contracts. He speaks Mandarin Chinese and Spanish.

Gustavo Tardin Barbosa is CFO of Petrobras America Inc in Houston, a whole owned subsidiary of Petrobras SA. Gustavo joined Petrobras 23 years ago, where he has held several senior financial positions, including Head of Financial Planning and Risk Management, Controller of Petrobras International and CFO of Petrobras UK in London. Mr Barbosa graduated from Pontifícia Universidade Católica do Rio de Janeiro with a BA degree in Engineering. He also holds a M.B.A and post graduate studies in Corporate Finance from Fundação Getulio Vargas and London Business School and Advanced Management from Wharton School.

An Executive Director at Macquarie Bank, Paul was a founding member of Macquarie’s Energy Capital office in Houston in 2002. Prior to Macquarie, Paul was a Managing Director of Cambrian Capital Corporation (1996-01) and Jefferies & Company (1994-96). He was involved in originating and structuring energy finance transactions at MG Trade Finance Corp. (1992-94) and was a petroleum banker with First City Bancorporation (1989-92). Paul also worked for Cabot Oil and Gas (1984-87) in various Gulf Coast and Rocky Mountain production and reservoir engineering capacities. Paul holds a B.S. in Petroleum Engineering from the University of Texas and an M.B.A. from the University of Houston.

Gianna A.Z. Bern is president of Brookshire Advisory and Research, Inc., a consultancy focused on the oil and gas industry, capital markets, treasury, and credit issues. Gianna has 20 years of experience in corporate finance, credit portfolio management, the energy sector, and banking. Prior to Brookshire, Gianna was a senior director in Fitch Ratings’ Latin America corporate finance group and was responsible for rating Latin American issuers in the energy sector including oil, gas, and regulated utilities. Before joining Fitch, Gianna was the credit portfolio manager of Wheels, Inc. where she managed a $2.3 billion commercial finance lease portfolio and led a team of credit analysts. Previously, Gianna was a manager of risk management trading at BP Oil where she was responsible for hedging crude oil, gasoline, and other energy derivatives for commercial clients, and providing energy industry research and analysis for energy traders. Before the merger of Amoco Oil and BP Oil, Gianna was a senior energy analyst at Amoco Oil in the commercial sales, logistics, and transportation division where she focused on oil industry macroeconomics and analysis. Earlier in her career, Gianna was a senior credit officer at Continental Bank. Gianna has a BBA in finance and accounting from Illinois Institute of Technology and an MBA with specializations in finance and international business from the University of Chicago Graduate School of Business.

Renato T. Bertani holds a Ph.D. in Sedimentary Geology and Geochemistry from the University of Illinois, USA. He has over 30 years of international experience in exploration and production projects in several Latin American countries (particularly Brazil, Colombia, Bolivia, and Argentina), West Africa, UK, and the USA Gulf of Mexico. Mr. Bertani took over in March 2007 as President and CEO of Thompson & Knight Global Energy Services, LLC, a subsidiary of Thompson & Knight LLP dedicated to rendering business development and portfolio management services to the energy industry. He previously served as President of Petrobras America, Inc., a subsidiary of the Brazilian state oil company based in Houston, where he was responsible for a very successful investment plan and the construction of a valuable portfolio of exploration and production assets, as well as the company’s acquisition and planned expansion of a major refinery in Pasadena, Texas. Mr. Bertani dedicated over 30 years of professional and managerial services to Petrobras, having occupied several high level management positions, among them Director of International E&P activities and Managing Director of Petrobras UK. Mr. Bertani is Vice President of the World Petroleum Council, responsible for the technical program for the next World Petroleum Congress being held in Madrid in 2008, and President of the Brazil Texas Chamber of Commerce. He serves on the advisory board of the Center for International Studies at St. Thomas University in Houston, Texas, and the Board of Trustees of The Museum of Fine Arts, Houston.

Allison Carlson is Vice President for Green Fuels and Technologies at Garten Rothkopf. Ms. Carlson manages the firm’s green fuels team, which identifies and analyzes emerging trends in fuels markets worldwide, conducts market analysis as well as identifies and evaluates strategic opportunities for private sector investment in green fuels. Prior to joining Garten Rothkopf, Ms. Carlson worked with an international consulting company assisting European companies to invest in the Latin American and Eastern European energy and financial sectors. She received her Master's Degree from The Johns Hopkins School of Advanced International Studies (SAIS) in International Relations and International Economics with additional concentrations in International Law and International Negotiations. Ms. Carlson is based in Garten Rothkopf's New York offices.

Prior to joining Gran Tierra Energy in May 2005, Dana was Vice President of the Middle East Business Unit for EnCana Corporation, responsible for business development, exploration operations, commercial evaluations, government and partner relations, planning and budgeting, environment/health/safety, security and management of several overseas operating offices. He held various senior management positions for EnCana’s predecessor, Alberta Energy Company, including petroleum exploration operations in five countries. Dana was previously with ARCO International for ten years, where he participated in exploration and production operations in North Africa, SE Asia and Alaska. He graduated from the University of South Carolina with an MSc and PhD in Geology and holds a BSc in Geological Engineering from the Colorado School of Mines. Dana is also a member of the AAPG, the CSPG, and is a Fellow of the Explorers Club.

Mr. Cottman has more than 25 years of oil and gas experience working at both major and independent energy firms. He began his career at Sun Company and was later an executive officer of Benton Oil and Gas Company. He has negotiated numerous oil and gas ventures, both in the United States and abroad. In addition, Mr. Cottman has arranged multiple debt and equity financings, including pioneering projects in Russia and Venezuela. In 1991, Mr. Cottman negotiated one of the earliest joint venture agreements involving a western partner to develop a new oil and gas field in Russia--North Gubkinskoye. Subsequently, he arranged the first non-recourse Russian oil field financing with the EBRD. In 1992, Mr. Cottman negotiated the first direct investment in Venezuela's upstream oil and gas sector with the signing of the South Monagas Unit Operating Service Agreement. Mr. Cottman holds a Bachelor degree from the Rochester Institute of Technology and a Master of Business Administration from the University of Rhode Island.

Lance Crist is Global Head of the Oil, Gas and Chemicals Divisions for IFC, the private sector arm of the World Bank Group, which promotes development in emerging markets. In this capacity, Mr. Crist leads IFC’s investment activities in both upstream oil & gas as well as downstream refining & marketing, petrochemicals and fertilizers. IFC’s $1.5 billion portfolio in these sectors includes companies in over 30 countries. Mr. Crist joined IFC in 1992 and has managed privatization advisory mandates, project and corporate finance, and private equity transactions in the areas of general manufacturing and telecommunications prior to his current role. He earned a B.A. from Cornell University, and an MBA from the Wharton School of the University of Pennsylvania.

Mr. Eduardo De Bonis is a partner of the Corporate Finance Division, in Buenos Aires, Argentina. He is primarily responsible for the following practices in the LATCO region (Latin American Countries excluding Brazil, México and Chile): M&A Services, Restructuring and Recovery Services, Real Estate Finance and Project Finance. Mr. De Bonis has extensive “hands-on” leadership experience in M&A negotiations, debt restructurings, capital raising, and real estate asset disposals. He also conducts some projects related to geographical localization of facilities, both for private and public sectors. He is the Lead Client Service Partner for Shell in South America, being in charge of the relationship with the client in the region.

Carmen Elena Carbonell is Director of Structured Finance at the Corporacion Andina de Fomento (CAF). She is responsible for CAF’s project and other structured finance transactions in all sectors, in CAF’s member countries. Ms. Carbonell has more than 25 years of experience in the banking and corporate sectors. She has held the positions of Financing Manager at Petróleos de Venezuela S.A. (PDVSA), International Financing Manager at Petroquímica de Venezuela S.A. (Pequiven), Investment Manager at Empresas Polar in Caracas, and Investment Officer in the International Finance Corporation (IFC) in Washington. Ms. Carbonell has a degree in Industrial Engineering from Universidad Católica Andrés Bello in Caracas, and an MBA from University of California Los Angeles (UCLA).

Patrick Esteruelas is a Latin America specialist at Eurasia Group, a leading New-York based political risk consultancy. Patrick previously worked at Intellibridge Corporation, A Washington-based research and consulting firm, and served as a consultant for the Inter-American Development Bank and the Organization of American States. He is a regular contributor to the Financial Times, Business Week, Bloomberg, Dow Jones, Reuters, Oil Daily, Upstream and CNBC. He holds a BA from the London School of Economics and an M.A. from the Johns Hopkins School of Advanced International Studies.

He was born in the city of Zapala, Province of Neuquén, in 1964. At the age of 22 he graduated as Hydraulic Engineer from Universidad de La Plata (UNLP), Argentina, where he also graduated as Civil and Con-struction Engineer. He specialized afterwards in several subjects in the field of Energy, in several countries like Spain, Italy, Israel and Japan, and he is at present attending a MBA Program at UCEMA (Universidad del CEMA). He entered the teaching staff at UNLP as Undergraduate Teaching Assistant in the subject “General Hydraulics”, and as Graduate Teaching As-sistant in the subject “Theory of Structures III”. In 1991 he also integrated the staff of the Faculty of Engineering at University of Comahue, Province of Neuquén, Argentina, in the subject “Mechanics of Soils and Foundations”. He started his career in the Public Administration entering the Neu-quen utility (EPEN) in 1988, as a member of a Group for Tariff Studies. Since then, he has deployed an intense activity which led him to the position of Secretary of Energy in the Province of Neuquén, between 1995 and 1999. He was President (CEO) of HIDENESA, the Company of Hydrocar-bons of Nequén— Director of the Hydroelectric Power Plants “Piedra del Aguila”, “El Chocón” and “Alicurá”, as well as Technical Advisor of OFEPHI (Organización Federal de Estados Productores de Hidrocarburos) between 1997 and 2000, and Director of ENSI (Engineering Services Company of Neuquén) which was managing the operation of a Heavy-Water Plant be-tween the years 1995 and 1999. He has been writing all the expertise he has accumulated along these jobs and positions in numerous opinion articles published in the local and national press and in specialized journals, and in a book of his authorship, as well as in many presentations to Workshops and Events about Energy and related topics. He was Advisor for the Senate of Argentina, integrating the Commis-sion of Water Resources, and Consultant for the Management Bureau of EDERSA (Río Negro utility), for the Electric Cooperative CALF, for the City Hall of Neuquén. He also performed as a Private Consultant in the field of Energy. At present, he is the C.O.O. of ENARSA (Energía Argentina S.A.), President of Enarsa Servicios S.A., and Member of the Directors Board of Enarsa PDVSA and Enarsa Aeropuertos.

As Vice President of the Council of the Americas, Eric Farnsworth leads the Washington-based efforts of the Council, including policy development and advocacy, programming, and public affairs. In addition to his Council activities, Farnsworth maintains an active role in policy and trade matters. He is a Senior Associate with the Center for Strategic and International Studies; a member of the George Washington University Western Hemisphere Advisory Board; a former member of the Advisory Committee on International Economic Policy of the US Department of State; and the past Chairman (2000-2002) of the Greater Washington Board of Trade Western Hemisphere Task Force. He has written and spoken extensively about United States’ interests abroad, providing commentary to media such as CNN, BBC, NBC, CNBC, etc. and numerous newspapers. Prior to joining the Council, Farnsworth was Managing Director of Manatt Jones Global Strategies LLC, a Washington and Los Angeles-based strategic advisory and business facilitation firm. From 1995-98, Farnsworth oversaw policy and message development for the White House Office of the Special Envoy for the Americas. As an officer in the Department of State beginning in 1990, Farnsworth focused on issues including the restoration of Central America after the conflictive 1980’s and the re-establishment of democracy in Panama after Operation Just Cause. He also served at the Consulate General in Johannesburg, South Africa. Farnsworth was awarded the State Department’s Superior Honor Award three times and the Meritorious Honor Award once. In 1992, he was detailed to the Office of the US Trade Representative as part of the NAFTA negotiation team. He interned in 1987 with Senator Sam Nunn (D-GA) during the Iran/contra hearings, and also with Congressman John Edward Porter (R-IL). Farnsworth holds an MPA in International Relations from Princeton’s Woodrow Wilson School where he studied economics under Ben Bernanke, and a BA, magna cum laude, from Ball State, where he captained the club soccer team. He is a Harry S. Truman Scholar and an alumnus of the Leadership America, Young Leaders of the (NATO) Alliance, and US-Spain Young Leaders programs. He is active with youth soccer and is a classically trained pianist and harpsichordist. He and his wife Molly have three children.

Thomas Friebel is a Managing Director - Head of Loan Syndications & Capital Markets Latin America in New York, responsible for distribution of Debt Products in Latin America. Since joining WestLB in 1991, he has been involved in numerous marquee debt market financings, particularly in the Latin American Oil & Gas and Infrastructure project finance markets. Prior to joining the WestLB New York Branch, Thomas Friebel was assigned to various positions at WestLB’s Head Office in Düsseldorf, Germany, and was a member of WestLB Hong Kong’s Corporate Finance Group, covering top tier corporates in Korea and Taiwan. Mr. Friebel is a graduate of the W. Paul Stillman School of Business at Seton Hall University with a degree in International Finance.

Marc Frishman is an Investment Manager for the Latin Power Funds. Marc joined Scudder in 1998. Mr. Frishman holds a B.A. degree in History and International Marketing from Tulane University and an M.B.A. degree in International Finance from Thunderbird, The American Graduate School of International Management. Prior to his graduate studies, Mr. Frishman worked for a Mitsubishi Group company both originating and structuring new international business ventures in the automotive, aerospace and energy industries in the United States, Japan, Europe and Latin America. Mr. Frishman also has experience in international corporate real estate investment. Mr. Frishman has lived in Mexico and is fluent in Spanish and Portuguese.

Carlos Garibaldi is a Managing Director for Harrison Lovegrove, which is now a part of Standard Chartered. He is in charge of the Houston office and oversees the US and Latin American M&A&D advisory businesses. Carlos previously worked in Amoco, Plains Resources, Arthur D. Little, San Jorge International (President & COO), Chevron Latin America (Vice President of BD), G&G Energy Consultants (Founding Partner), and The Scotia Group (Partner). Carlos earned an BS/MS degree in Chemical Engineering from the Universidad de Buenos Aires, an M.S. in Petroleum Engineering from the University of Tulsa, and an MBA from Rice University.

Luis Giusti, a petroleum engineer and private consultant, has been is a senior adviser at CSIS since April 1999, principally in energy and Latin American affairs. In addition, he is a member of the advisory boards of Riverstone-Carlyle and the Stanford Financial Group. He is also a member of the board of governors and special adviser to the chairman of the Centre for Global Energy Studies in London. Between September 2000 and September 2005 he was a non-executive director of Royal Dutch Shell. In academia, he is a member of the advisory boards of the Institute for Latin American Studies at Babson College, The Energy Institute of the University of Houston, the Maguire Energy Institute at Southern Methodist University in Dallas, Texas , and the Institute of Global Studies at George Washington University. He was a member of the task force that issued Strategic Energy Policy Challenges for the 21st Century (Council on Foreign Relations and Institute of Energy of Rice University, 2001). Giusti began his career at Shell Corporation in Venezuela after which, in 1976, he joined Maraven, S.A., an operating affiliate of Petroleos de Venezuela, S.A. (PDVSA). At PDVSA he held diverse positions related to exploration and production, refining, corporate planning, and marketing. In 1994 he was appointed chairman and CEO of the corporation, a job he held until March 1999. Under his leadership, the Venezuelan petroleum sector underwent major reform, which included an opening to private participation, with resulting estimated foreign direct investments of about $30 billion for the period 1995 to 2004. Over the last five years of his tenure at PDVSA, the company continued to consolidate its international downstream position by completing major deals with Mobil, Phillips, Chevron, and Amerada Hess. He graduated in 1966 from the University of Zulia, Venezuela, and received an M.S. in petroleum engineering from the University of Tulsa, Oklahoma, in 1971. He is a member of the Advisory boards of Energy Intelligence Group (publisher of PIW, Oil Daily and Energy Compass) and the Inter American Dialog. He is a frequent speaker and publisher in the Oil&Gas circuit.

Ian graduated with an honors degree in geology from the University of London (Bedford College) in 1977 and, after working for the IGS (now the British Geological Survey), returned to London University to study geophysics, graduating with a masters degree from Imperial College in 1980. Entering the oil industry as a geophysicist, Ian worked on various projects in the North Sea, first for Phillips Petroleum and later for Bow Valley. Moving to Dubai in 1984, Ian worked both in geology and geophysics and generated a number of prospects in the United Arab Emirates, Oman and Somalia for International Petroleum Corporation. He later became exploration manager for the Far East and was instrumental in acquiring and exploring blocks in India, Malaysia, Vietnam, Papua New Guinea and New Zealand. International Petroleum later became Lundin Oil. Moving to Vancouver, Canada in 1990, Ian became President and CEO of Eurocan Ventures. He focused this company on Latin America and acquired exploration licences in Argentina, Chile, Peru and Colombia and also production in Colombia including a large, mature producing field (over 100 million barrels cumulative production). In 1995 Eurocan was taken over by PetroSantander, Inc., another Canadian company and the balance between exploration and production was radically shifted and the risk profile changed with the acquisition of producing fields in the onshore U.S. Ian subsequently managed operations in Colombia while simultaneously negotiating PetroSantander’s new contracts. These negotiations include three years working with Petrobras to sign the country’s first incremental production contract. Operations commenced in 2000 and PetroSantander now manages 12 onshore oil and gas fields for Petrobras. Additionally, in Colombia, Ian has negotiated with Ecopetrol for a production contract in the Middle Magdalena basin and an exploration contract in the Putumayo basin.

Richard F. Gonzalez is the Honorary Consul of Paraguay. He is a fully registered diplomat with the US State Department and a frequent speaker on the Country of Paraguay. In this capacity he is a member of the DFW Consular Corp, Group of Latin-American Consuls in North Texas (Grula), The Dallas Committee of Foreign Relations, The World Affairs Council and The Chief Executives Round Table. Gonzalez is an internationally recognized successful entrepreneur who has founded and built companies in the oil and gas, telecom and biotech Industries. He is currently the Chief Executive Officer of the international oil and gas exploration companies Petro-Victory, LLC and Crescent Global Oil, LLC, based in Addison, Texas. He holds a diploma in Bachelor of Business Administration from The University of North Texas. He is a member of the Board of Directors for the University of North Texas Foundation, the University Of North Texas College Of Business and the University of North Texas Murphy Enterprise Center. He is the recipient of the 2006 President’s Citation Award from the University of North Texas for his professional achievements, service and support, which have brought distinction to the University. He is the Vice Chairman and a member of the Board of Directors for the Chiapas Project. The Chiapas Project is an initiative led by prominent business and civic leaders in Dallas, Texas, dedicated to the mission of alleviating poverty in Latin America by fostering economic independence in women through microfinance programs. He is also the cofounder and Board of Director Member of Jerovia Ne eme – Grameen Trust Paraguay Program dedicated to eradicating poverty, through the 2006 Nobel Peace Prize winning Grameen Method of Microfinance, in Paraguay.

Mr. Guillermo Ferreyros obtained a Bachelor degree in Business Administration at Universidad del Pacifico in Lima, Peru and a Master degree in Business Administration at Harvard University. He worked for IBM in Peru and for Colgate Palmolive in Mexico, in the Marketing Area. He started working for Maple Gas Corporation in 1993 as Vice President of Marketing and in 1999 he was appointed General Manager after the development of the Aguaytia Energy Project. Mr. Ferreyros is currently General Manager of both Maple Gas Corporation del Peru S.R.L. and Maple Etanol S.R.L., subsidiaries of Maple Energy plc in which he serves as Vice President of Marketing and Government Relations.

Kenneth Hansen’s practice involves representing bilateral, multilateral and commercial lenders as well as project developers in structuring, negotiating and implementing international project financings. Mr. Hansen is experienced in debt work-outs and the settlement of investment disputes, including political risk insurance claims. He is also experienced as bond counsel, underwriter’s counsel, and purchaser’s counsel for international project bonds. Mr. Hansen’s sectoral experience ranges from power generation, transmission and distribution projects to oil and gas, transportation, and telecommunications infrastructure projects, as well as a range of industrial and commercial projects.

Brian Hicks joined U.S. Global Investors in 2004 as a co-manager of the company’s Global Resources Fund (PSPFX). Mr. Hicks is responsible for portfolio allocation, security selection and research coverage for the energy and basic materials sectors. The Global Resources Fund has won Lipper Fund Awards in the natural resources sector in each year that Mr. Hicks has been associated with the fund. The Lipper awards are based on risk-adjusted, long-term performance. Prior to joining U.S. Global Investors, Mr. Hicks was an associate oil and gas analyst for A.G. Edwards Inc., where he covered domestic exploration and production companies, and was responsible for maintaining earnings and cash flow valuation models. He also worked previously as an institutional equity/options trader and liaison to the foreign equity desk at Charles Schwab & Co., and at Invesco Funds Group, Inc. as an industry research and product development analyst. Mr. Hicks holds a Master’s of Science degree in Finance, and a B.S. in Business Administration from the University of Colorado. He is a Chartered Financial Analyst, and holds several FINRA securities licenses. Mr. Hicks has been a regular guest on CNBC, Bloomberg TV and other broadcast outlets. He has also been interviewed by the Wall Street Journal, BusinessWeek, USA Today and other prominent publications.

Ted A. Izatt is a Senior Managing Director and joined Bear Stearns’ fixed income research department in February 2004. He covers the Global High Grade and Cross Over Energy and Basic Materials industries. Mr. Izatt is currently the #1 ranked Institutional Investor All-American fixed income analyst for Energy and has been #1 for six of the past seven years. Institutional Investor highlighted his outstanding credentials, including his ability to move markets, his significant relationships within the oil and gas industry and with investors, and his ability to see beyond financials to truly understand the company management. From 1997 to 2004, Mr. Izatt was a Senior Vice President for Lehman Brothers and was responsible for coverage of oil and gas on a global basis. From 1992 to 1997, Mr. Izatt worked for Moody’s Investors Service. His most recent assignment was Managing Director of the global oil and gas group, with responsibility for the ratings of oil and gas companies and energy-related project financing throughout the world. He also covered project finance and numerous companies including integrated oils, exploration and production, oil services, and drilling. Additional ratings experience included structured financing and energy companies involved in other industries such as steel, shipping and chemicals. He played a key role in establishing Moody’s analytic framework for rating project financing above the foreign currency ceilings. From 1987 to 1993, Mr. Izatt worked as Vice President/Associate Director, Corporate Finance officer for Barclay’s de Zoete Wedd/Barclay’s Bank PLC. He worked on originating, structuring and negotiating investment and commercial banking transactions for international energy corporations and domestic U.S. pipeline companies. From 1984 to 1987, he worked for Bank America in marketing, assisted in valuing acquisitions and managed a team mandated to identify problem credits. Mr. Izatt holds both an M.B.A. degree and a B.A. degree in journalism from Brigham Young University and spent two years in Japan doing volunteer work. In addition, he has served on the alumni board of the Marriott School of Management and is the past Chairman of the Houston Region BYU Alumni Association.

Daniel R. Kastholm, CFA, is a managing director in Fitch Ratings’ Latin America corporate finance group and is responsible for the management of Fitch’s portfolio of Latin America corporate ratings and credit research, as well as all other operating aspects of the group’s activities. Dan chairs Fitch’s Latin American corporate rating committees and is a member of Fitch’s emerging market credit policy board. Prior to managing the Latin America corporate finance group, Dan was a Senior Director in the global power group where he covered U.S. investor owned utilities and international utility companies. In the global power group, he was instrumental in the expansion of the firm’s Latin American utility and project finance business. He took over responsibility for the Latin American corporate finance business in 1999 at Duff & Phelps Credit Rating, and subsequently Fitch, following its merger in June 2000. Dan has more than 20 years of experience as a financial analyst. He spent three years at LaSalle Business Credit, a subsidiary of ABN Amro, where he served as a vice president in the corporate finance area. His responsibilities included new business development and the evaluation and structuring of acquisition and leveraged finance transactions, primarily for mid-sized industrial companies. Prior to LaSalle, Dan worked at Security Pacific Business Credit as a senior credit analyst, where he was responsible for coordinating due diligence and underwriting activities for specific leveraged and acquisition finance transactions in the corporate finance area. Dan holds a BA and an MBA from the University of Illinois, Champaign - Urbana. He was awarded the professional designation of chartered financialanalyst in 1992 and is a member of the Association for Investment Management and Research (AIMR) and the Investment Analysts Society of Chicago (IASC). He serves on the program committee of the IASC.

Raymond D. King is Senior Manager – Global Diversified Industries and Acting Senior Manager – Global Energy for the Listings Business Development division of TSX Group, parent to Toronto Stock Exchange and TSX Venture Exchange. He is responsible for leading global efforts to attract new listings in the technology, life science, manufacturing and broad industrial sectors, as well as in the oil & gas and energy services sectors. Mr. King has been with Toronto Stock Exchange for over seven years, and has been instrumental in guiding domestic and international companies and their legal/financial advisors on the process of listing on Canada’s pre-imminent stock exchanges. He has coordinated a number of international business development efforts for Toronto Stock Exchange, and has an extensive knowledge of the global business arena, including that of Israel, India, China and the US. Prior to joining TSX, Mr. King was a Senior Strategy Consultant with a global Tier-1 consultancy firm, working on behalf of a number of clients in their international expansion efforts. Prior thereto, he spent a number of years with a large Canadian investment/corporate banking firm, responsible for financing a significant portion of the Canadian and US oil and gas industry. Mr. King completed his MBA in International Strategic Business Development at McGill University (Montreal, PQ) in 1998. He also has a Bachelor of Commerce – Portfolio and Investment Finance from University of Calgary (1993) and a Bachelor of Arts – Modern European Political History from University of Western Ontario (1988).

Frederick Kozak joined Canaccord Adams in early 2007, bringing more than 27 years of industry experience to his role as VP & Senior Oil and Gas Analyst. Frederick previously worked as a research analyst at a Canadian boutique investment firm where he was ranked the #3 Stock Picker for Oil and Gas in Canada for 2005 in the annual StarMine Analyst Awards. Frederick started his career as a Petroleum Engineer and has also worked in the oil and gas industry in financial analysis and corporate planning. Frederick holds a Bachelor of Applied Science in Geological Engineering from the University of British Columbia and an MBA from the Ivey School of Business at the University of Western Ontario. He is a registered Professional Engineer in the Province of Alberta.

Mr. Lent is a Managing Director and co-founder of the Firm, and is based in New York. Mr. Lent has been a clean technology and renewable energy investment banker and entrepreneur for more than 15 years. From 1994 – 2002, he co-founded and led EA Capital, a boutique investment bank in the clean energy space. EA Capital worked on renewable technology commercialization and deployment with corporate strategic investors like Duke Energy, PacifiCorp and American Electric Power Company, Inc. (“AEP“) (NYSE: AEP), as well as venture stage firms introducing new technologies. Mr. Lent worked extensively in landfill methane, biomass, wind, and low-head hydroelectric. Mr. Lent has also worked as an advisor to the National Renewable Energy Lab, DOE, EPA, Duke Energy, AEP, and World Bank’s Prototype Carbon Fund. Mr. Lent holds an MBA with an emphasis in technology commercialization and strategy from the Haas School of Business at the University of California, Berkeley, and a BS in Biology from Tufts University.

Mr. Pereira Lopes joined GP in 1997 and has been a partner thereof since 2000. Prior to joining the Firm, he worked for ING in Brazil. Currently, he is a member of the board of directors of Tempo Participações, San Antonio Oil & Gas Services and Allis. Between 2004 and 2007, Mr. Pereira Lopes was the CEO of Equatorial Energia, one of GP’s portfolio companies. He previously served as a member of the board of directors of Equatorial Energia, Cemar, Gafisa, Submarino, IBest, Fratelli Vita, Shoptime, Webmotors, Mercado Eletrônico, Hopi Hari and Playcenter. Mr. Pereira Lopes holds a bachelor’s degree in economics from the University of São Paulo and an MBA from The Wharton School of the University of Pennsylvania.

Bruce McDonald joined Canaccord Captial in 2002 to cover the royalty trusts and income funds sector. He joined the Investment Banking team in November 2007. Prior, he was Director of Corporate Planning at PrimeWest Energy Trust. He has also worked as an underwriter and financial analyst with Canada Mortgage and Housing Corporation. A CFA, Bruce received a BA (Hons) from the University of New Brunswick and an MA in Economics from Queen's University.

Mr. Victor Muñoz. Mr. Muñoz is Denham’s Managing Director and Regional Head of Latin America and brings nine years of investment experience to the firm. Mr. Muñoz has responsibility for origination, analysis, structuring and execution of investments in Latin America for all the firm’s sectors. He is fluent in Spanish and Portuguese. Prior to joining Denham, Mr. Muñoz was a Director at PSEG Global, a Manager at Enron North America and an Associate at Chase Securities. Mr. Muñoz currently serves on the Board of Directors of Grupo C&C Energia (Barbados) Ltd., EV Mining Holdings LLC, and Empresa Operadora de Carbon Limitada. Mr. Muñoz received a Bachelor of Science from Los Andes University in Colombia in 1987 and a Master of Business Administration from Harvard Business School in 1999.

Vítor Pimentel Pereira is a Lawyer registered in Brazil’s Bar Association (graduated from Rio de Janeiro State University School of Law) and an Oil Regulation Specialist in Brazil’s National Oil Agency (Agência Nacional do Petróleo). At Agência Nacional do Petróleo, he is currently working for the Licensing Round Division. He is personally involved in the preparation of rules and procedures to be followed for the 10th Brazilian Bidding Round of Exploratory Blocks, to be held in December 2008.

Jorge R. Piñón began his professional career in the energy sector nearly thirty years ago when he joined Shell Oil Company. He was president and CEO of Transworld Oil USA prior to joining Amoco Corporation in 1991 as president of Amoco Corporate Development Company Latin America. In this position Mr. Piñon led the business development efforts in the region and participated in a number of joint ventures between Amoco and state oil companies. In 1994 he was transferred to the downstream oil sector to serve as president of Amoco Oil de México and president of Amoco Oil Latin America, based in Mexico City. After the 1999 merger between Amoco and BP, Mr. Piñon was transferred to Madrid, Spain to manage BP Europe’s western Mediterranean petroleum supply and logistics operations. In 1997, when vice-president and member of the board of directors of the American Chamber of Commerce of Mexico -AMCHAM-, Mr. Piñon received the “Yiacatecutli” award for distinguished service in the promotion of U.S.-Mexico business relations. Mr. Piñon retired from BP in 2003 and is currently an international energy consultant, as well as a lecturer and energy fellow with the University of Miami’s Center for Hemispheric Policy where he focuses on energy and alternative fuels. With international experience in emerging markets and a network of senior energy contacts in Latin America, he is an independent analyst of regional and global energy issues, as well as the politics of oil and natural gas in Latin America. He is also recognized as an expert on Cuba’s energy sector, as well as on the island’s future economic transition challenges and opportunities from the private sector perspective. Mr. Piñon is a frequent guest energy analyst on CNN En Español, CNN International, Bloomberg Financial News Services and other news organizations. He holds degrees in International Economics and Latin American Studies from the University of Florida.

Paulo Sotero Marques is the director of the Brazil Institute of the Woodrow Wilson Center. From 1989 until 2006 Mr. Sotero was the Washington correspondent for Estado de S.Paulo, a leading Brazilian daily newspaper. He had also been a regular commentator and analyst for the BBC radio Portuguese language service, Radio France Internationale, and Radio Eldorado, in Brazil. Since 2003 he has been an adjunct lecturer at Georgetown University both in the Department of Spanish and Portuguese and in the Center for Latin American Studies of the Edmund A. Walsh School of Foreign Service. Prior to joining Estado, he worked as a correspondent for Istoé weekly magazine and the financial newspaper Gazeta Mercantil. A native of the state of São Paulo, Sotero started his career in journalism at Veja weekly magazine in 1968 and held positions as staff reporter in Recife, stringer in Paris, full-time correspondent in Lisbon, assistant editor for Latin American in São Paulo, and correspondent assigned to cover the Palácio do Planalto, the Brazilian President's office, in Brasília. In addition to his responsabilities at the Wilson Center, Mr. Sotero is a frequent lecturer on Brazilian and Latin American affairs at U.S. universities and think tanks, and has appeared on national radio and television news programs, including To the Point (PRI), the NewsHour with Jim Lehrer, Foreign Exchange with Fareer Zakaria (PBS), the Diane Rehm Show (WAMU radio) and various news programs at CNN International, VOA, BBC, and Al Jazeera. He has also contributes to newspapers, magazines and journals in Brazil, the United States, Canada, and Mexico. Mr. Sotero has a BA in history from the Catholic University of Pernambuco, Brazil, and an MA in Journalism and Public Affairs from American University, Washington, D.C. In 1987, Sotero received the Maria Moors Cabot Award Special Citation from the Graduate School of Journalism, Columbia University. He is also the recipient of the 1993 Distinguished Visiting Lecturer award from the Foreign Service Institute of the U.S. State Department. In Brazil, he was awarded the 1978 Prêmio Abril de Reportagem for a Veja cover story on Paraguay and for an investigative report on the assassination of Chilean general Carlos Prats in Buenos Aires. Mr. Sotero is a 1971 alumnus of the Inter-American Universities Association Summer School Program at Harvard University. He is a member of the Grupo de Conjuntura Internacional, a forum of discussion of Brazilian foreign and trade policies at the University of São Paulo, and the Fernando Braudel Institute of World Economics, also based in São Paulo.

Kerry Sully graduated as a Chemical Engineer from the University of Saskatchewan in 1970. With Texaco, he wrote some of the first discounted cash flow models in Canada, incorporating after-tax analysis. In the mid 70’s, he worked as a programmer, systems analyst and reservoir engineer for D.R. McCord & Associates in Dallas, modeling reservoirs in the middle east. In 1976, he was one of the founders of Ranchmen’s Resources, a company that grew through creative financing to become in 1995 the 40th largest oil company in Canada when it was taken over by Crestar. For several years, Ranchmen’s was a partially owned subsidiary of Total. During this period, Kerry took a very active role to ensure the health and welfare of all oilfield workers, acting as Chairman of the well respected Petroleum Industry Training Service (PITS) and also Chairman of the Upstream Petroleum Industry Taskforce on Safety (UPITFOS). He is a past director of the Independent Petroleum Association of Canada, and also a past governor of the Canadian Association of Petroleum Producers. In 1998, he was asked to join CGX to explore the Guyana/Suriname Basin. After the play was analyzed by Warren Workman, Ranchmen’s former VP Exploration and a former exploration manager for Unocal in the Gulf of Mexico, they agreed the basin had world-class turbidite potential and both joined CGX. State-of-the-art seismic in 1999 supported the initial concepts – CGX and Kerry remain keen to test their theory by drilling a turbidite target.

Roger Tissot is an independent consultant with more than 15 years experience analyzing Latin America’s political, economic and energy sectors. Roger was the Director for Latin America at PFC Energy's Country Strategies practice, where he was responsible for conducting political, energy policy and economic analysis on Latin America. Prior starting his consulting career, Roger worked at EnCana Corporation, where he developed political risk analysis tools, as well as analyzed and implemented risk mitigation strategies for corporate projects in Latin America and Africa. Prior to EnCana, Roger worked with a number of Canadian-based energy companies on political, economic and market risk issues in Latin America. He also coordinated the energy component of a Cooperation Program between the Governments of Canada and Colombia. Roger is often quoted by leading media organizations, and has been invited to speak in numerous occasions on political and economic issues impacting Latin American energy sector. Roger holds an M.A. in Economics from the University of Laval (Quebec) and an M.B.A. from the University of Calgary. Roger speaks fluent Spanish, French and English.

Mr. Vilas joined Tristone Capital in February 2007 as Managing Director of the Buenos Aires office, with responsibility for the firm’s Latin American practice. Mr. Vilas has over 25 years experience as an investment banker, most of which dedicated to serving the energy industry in Latin America, having been based in Buenos Aires, Caracas and London. He has been actively involved in M&A, Project Finance, Public Equity, Capital Markets and Structured Finance transactions for the Oil & Gas, Power and Petrochemical sectors. Since 1995, Mr. Vilas has led or been a key participant in teams conducting M&A and Capital Markets transactions for over $10 billion in Colombia, Ecuador, Venezuela, Argentina, Peru, Trinidad & Tobago and Bolivia. Before joining Tristone, Mr. Vilas was Managing Director in charge of the Latin American activities of Scotia Waterous having overseen the establishment and development of that firm's practice since the opening in 2001. Prior thereto, Mr. Vilas was the Managing Director in charge of J.P. Morgan Chase's Energy Group for Argentina. Mr. Vilas is a native Spanish speaker and is fluent in French, Portuguese and Italian, in addition to English. He holds a Degree in Business Administration from the Universidad Católica Argentina, in Buenos Aires, Argentina.

Twenty-five years of experience in the energy industry including risk management, origination, exploration and production capital and strategic planning, mergers and acquisitions, independent power plant development, natural gas transportation and commercial lending.

Warren Weissman is Chief of the Corporate Finance Division (CFI) of the IDB’s Structured and Corporate Finance department. CFI is responsible for non-sovereign guaranteed lending by the IDB to extractive industries (oil & gas, mining), productive sectors (manfacturing, agribusiness, biofuels, chemicals, pulp & paper, cement, steel and others), and service industries (tourism, education and healthcare). Warren joined the IDB in September 2007, after a 20-year commercial and investment banking career, most recently as head of Latin America syndicated finance for Bank of America. Prior assignments have included leadership roles in syndicated finance, relationship management and credit risk management for Bank of America and other financial institutions, based in the US as well as in Buenos Aires, Hong Kong, Madrid and Sao Paulo. A graduate of Oberlin College (BA) and the Fletcher School (MA in international affairs with concentration in economics), Warren is fluent in Spanish and Portuguese.

Derek Woodhouse has a broad range of experience in the financing and development of infrastructure projects and in the upstream and downstream oil, gas and power sectors. Prior to joining Chadbourne & Parke, Mr. Woodhouse was based in London, U.K., advising public and private entities on energy and infrastructure projects in the UK, Northern Ireland, Russia, Romania, Hungary, Turkey, Algeria, Angola, Cambodia, the Philippines, Hong Kong, Canada, Mexico and Central America. Previously, Mr. Woodhouse worked for the Mexican Federal Government as legal advisor in the Energy Ministry and later in the Energy Regulatory Commission, where he advised on the liberalization of the downstream natural gas sector in Mexico and was later appointed General Director of the Power Sector Reform Unit. Mr. Woodhouse advised the Mexican Federal Government on the adoption of a new finance initiative, based on the UK’s PFI model, to allow private participation in the design, finance and operation of infrastructure projects traditionally reserved to the public sector (known as the PPS program). He also advised the Communications and Transport Ministry on the design and implementation of the first PPS road project to be put out for tender and is currently advising sponsors, lenders and government entities in other PPS projects.