Oil and Gas Exploration in Africa

The Company

Board of Directors

C. Ashley Heppenstall


Born in England in 1962, Ashley Heppenstall is a graduate of Durham University where he obtained a degree in Mathematics. From 1984 until 1990, he worked in the banking sector where he was involved in project financing of oil and mining businesses. In 1990, Mr. Heppenstall was a founding director and shareholder of Sceptre Management Limited. Since 1993 Mr. Heppenstall has worked with public companies associated with the Lundin family. In 1998 he was appointed Finance Director of Lundin Oil AB. Following the acquisition of Lundin Oil by Talisman Energy in 2001, Lundin Petroleum was formed and Mr Heppenstall was appointed President and Chief Executive Officer in 2002 until his retirement in 2015. Mr. Heppenstall currently serves as a board member for several Lundin Group companies.

Garrett Soden

President, CEO and Director

Mr. Soden has extensive experience as a senior executive and board member of various public companies in the natural resources sector. He has worked with the Lundin Group for the last decade. Mr. Soden is currently a Non-Executive Director of Etrion Corporation, Gulf Keystone Petroleum Ltd., Panoro Energy ASA, Petropavlovsk PLC and Phoenix Global Resources PLC. Previously, he was Chairman and CEO of RusForest AB, CFO of Etrion Corporation and PetroFalcon Corporation and a Non-Executive Director of PA Resources AB. Prior to joining the Lundin Group, Mr. Soden worked at Lehman Brothers in equity research and at Salomon Brothers in mergers and acquisitions. He also previously served as Senior Policy Advisor to the U.S. Secretary of Energy. Mr. Soden holds a BSc honours degree from the London School of Economics and an MBA from Columbia Business School.

Keith Hill


Mr. Hill is currently President and CEO of Africa Oil Corp., a publicly traded oil and gas company focused on East Africa. Mr. Hill previously served as President of Valkyries Petroleum, BlackPearl Resources and Shamaran Petroleum. Mr. Hill currently serves as a board member for several public oil and gas companies. Mr. Hill has over 30 years experience in the oil industry including over 18 years with the Lundin Group as well as international new venture management and senior exploration positions at Occidental Petroleum and Shell Oil Company. His education includes a Master of Science degree in Geology and Bachelor of Science degree in Geophysics from Michigan State University as well as an MBA from the University of St. Thomas in Houston.

John Bentley


Mr Bentley has over 40 years' experience in the natural resources sector. He served in a number of senior management positions in the Gencor Group in South Africa, the USA, UK and Brazil. In 1996, he was instrumental in floating Energy Africa Ltd on the Johannesburg stock exchange and became Chief Executive for the following five years. More recently he was Executive Chairman of FirstAfrica Oil plc and served on the boards of Rift Oil plc, Adastra Minerals Ltd and Caracal Energy Inc. He is currently Chairman of Faroe Petroleum plc and Deputy Chairman of Wentworth Resources Ltd. Mr Bentley holds a degree in Metallurgy from Brunel University.

Adrian Nel


Adrian Nel has been active in oil and minerals exploration since 1965. As General Manager of Engen's oil and gas division, he was responsible for growing the assets which were listed as Energy Africa in 1996. Thereafter, as Exploration Director and COO of Energy Africa, he implemented exploration and acquisition strategies which resulted in significant oil discoveries in West Africa and Uganda and substantial growth in both production and reserves. Following the acquisition of Energy Africa by Tullow Oil in 2004. Mr. Nel served on the Tullow board as Exploration Director until his retirement in 2006. He has an MSc degree in Geochemistry from the University of Cape Town.

Ian Gibbs


Mr. Gibbs is a Canadian Chartered Accountant and a graduate of the University of Calgary where he obtained a bachelor of commerce degree. He is currently the Chief Financial Officer of Africa Oil Corp. Prior to Africa Oil, Mr. Gibbs was the Chief Financial Officer of Tanganyika Oil Company Ltd. which was acquired by Sinopec International Petroleum Exploration and Production Corporation for $2 billion. Prior to Tanganyika Oil, Mr. Gibbs was CFO of Valkyries Petroleum Corp. which was the subject of an $750 million takeover.