Oil and Gas Exploration in Africa

The Company

Board of Directors

C. Ashley Heppenstall

Chairman

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, including Lead Director of Lundin Gold Inc., Filo Mining Corp. and International Petroleum Corporation. He is Chairman and a director of Etrion Corporation, and a director of both ShaMaran Petroleum Corp. and Lundin Petroleum AB. He was a former director of Vostok Nafta Investment Ltd.

Mr. Heppenstall has been Chairman of Africa Energy Corp. since July 7, 2016 (Director since March 10, 2015). He also serves as Chair of the Compensation Committee and is a member of the Reserves Committee and the Audit Committee. In the Company’s opinion, Mr. Heppenstall is independent of the Company and executive management as well as independent of the Company’s principal owners.

Garrett Soden

President, CEO and Director

Garrett 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 over a 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.

Mr. Soden has been President, Chief Executive Officer and Director of Africa Energy Corp. since July 2017. He is not a member of any Board committees. Mr. Soden is not considered to be independent of the Company and executive management. In the Company’s opinion, he is independent of the Company’s principal owners.

Keith Hill

Director

Keith Hill has over 35 years experience in the oil industry including over 20 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. Mr. Hill is the President and Chief Executive Officer and a director of Africa Oil Corp., a publicly traded oil and gas exploration and development company focused on East Africa, as well as Chairman of ShaMaran Petroleum Corp., director of BlackPearl Resources Ltd., director of TAG Oil Ltd. and director of Eco (Atlantic) Oil & Gas Ltd. He was formerly Chairman and director of Petro Vista Energy Corp., director of Tyner Resources Ltd., President and Chief Executive Officer of Pearl Exploration and Production Ltd. (now BlackPearl Resources Ltd.), Valkyries Petroleum Corp. and Bayou Bend Petroleum (now ShaMaran Petroleum Corp.).

Mr. Hill has been a Director of Africa Energy Corp. since September 20, 2011 (Chairman from September 20, 2011 to July 7, 2016). He is Chair of the Reserves Committee and a member of the Compensation Committee. In the Company's opinion, Mr. Hill is independent of the Company and executive management as well as independent of the Company's principal owners.

John Bentley

Director

John Bentley has over 40 years of 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. Mr. Bentley holds a Bachelor of Technology Honours (B.Tech.(Hons)) from Brunel University. Mr. Bentley is the Chairman of Faroe Petroleum plc, Deputy Chairman of Wentworth Resources Ltd. and a director of Phoenix Global Resources plc. He has also served as Executive Chairman of FirstAfrica Oil plc and on the boards of Kea Petroleum plc, Scotgold Resources Ltd., SacOil Holdings Ltd., Resaca Exploitation Inc., CDS Oil & Gas Group plc, FirstAfrica Oil plc, Rift Oil plc, Adastra Minerals Ltd, and Caracal Energy Inc.

Mr. Bentley has been a Director of Africa Energy Corp. since March 10, 2015. He is Chair of the Corporate Governance and Nominating Committee and is a member of the Audit Committee. In the Company’s opinion, Mr. Bentley is independent of the Company and executive management as well as independent of the Company’s principal owners.

Adrian Nel

Director

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.

Mr. Nel has been a Director of Africa Energy Corp. since March 10, 2015 and is a member of both the Corporate Governance and Nominating and the Reserves Committees. In the Company’s opinion, Mr. Nel is independent of the Company and executive management as well as independent of the Company’s principal owners.

Ian Gibbs

Director

Ian Gibbs is a Canadian Chartered Accountant and a graduate of the University of Calgary where he obtained a Bachelor of Commerce degree. Mr. Gibbs is the Chief Financial Officer of Africa Oil Corp., and a director of Lundin Gold Inc. He is a former director of Petro Vista Energy Corp., the former Chief Financial Officer of Valkyries Petroleum Corp., Tanganyika Oil Company Ltd. and ShaMaran Petroleum Corp. (formerly Bayou Bend Petroleum Ltd.).

Mr. Gibbs has been a Director of Africa Energy since September 20, 2011. He is Chair of the Audit Committee, and a member of the Compensation and the Corporate Governance and Nominating Committees. In the Company's opinion, Mr. Gibbs is independent of the Company and executive management as well as independent of the Company's principal owners.