Robert J. Waters

Enerplus Resources Fund principal activity is to own and operate crude oil and natural gas assets of conventional oil and gas income fund in Canada. It offers investors the benefits of owning oil and natural gas properties without the exploration risks associated with owning oil and natural gas common shares.

Pengrowth Energy Trust's principal activity is to provide directly and indirectly explore for, develop and hold interests in petroleum and natural gas properties, through investments. The company directly and indirectly acquires, owns and manages working interests and royalty interests in oil and natural gas properties. Its activities are financed by issuance of royalty units and interest bearing notes to the Trust and third party debt.

Hammerhead Resources, Inc. engages in the exploration and production of oil and gas industries. The firm focuses on onshore oil and gas operations. It also engages in the production of light-to-medium liquids. The company was founded in 2009 and is headquartered in Calgary, Canada.

Enerplus Group provides conventional oil and natural gas income funds. Its focus areas include oil sands, water floods, shallow natural gas, deep tight gas, bakken & tight oil, and other conventional. The company was founded in 1986 and is headquartered in Calgary, Canada.

Iteration Energy Ltd. engaged in the exploration, development, and production of petroleum & natural gas. It produces natural gas, light & medium crude oil, heavy crude oil, and natural gas liquids. The company was founded in 1994 and is headquartered in Calgary, Canada.

Marquee Energy Ltd. is a junior oil and gas company. It is engaged in the acquisition, exploration, development and production of oil and natural gas. Its has operations in Alberta and Saskatchewan. The company was founded on September 17, 2009 and is headquartered in Calgary, Canada.