Oil and Gas Exploration in Africa

The Company

Board of Directors

C. Ashley Heppenstall

Chairman

Mr. Heppenstall has worked with public companies associated with the Lundin Group of Companies since 1993. He previously served as the President, Chief Executive Officer and Finance Director of Lundin Petroleum AB, an oil and gas exploration and production company with core assets in Norway and South East Asia, from 2002-2015. Early in his career, Mr. Heppenstall worked in the banking sector where he was involved in project financing of oil and resource sector businesses. In 1990, Mr. Heppenstall was a founding director and shareholder of Sceptre Management Limited. 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 obtained a degree in Mathematics from Durham University.

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 worked with the Lundin Group for more than a decade and has extensive experience as a senior executive and board member of various public companies in the natural resources sector. Mr. Soden is currently a Non-Executive Director of Etrion Corporation and Panoro Energy ASA. Previously, he was Chairman and CEO of RusForest AB, CFO of Etrion Corporation and PetroFalcon Corporation and a Non-Executive Director of Gulf Keystone Petroleum Ltd., PA Resources AB, Petropavlovsk plc and Phoenix Global Resources plc. 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 with assets in Kenya. He is also a director of TAG Oil Ltd. and director of Eco (Atlantic) Oil & Gas Ltd. He was formerly Chairman of ShaMaran Petroleum Corp., director of BlackPearl Resources Ltd., Chairman and director of Petro Vista Energy Corp. (now 3 Sixty Risk Solutions Ltd. (formerly), 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 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.

Adam Lundin

Director

Mr. Adam Lundin has many years of experience in capital markets and public company management across the natural resources sector. His background includes oil & gas and mining technology, investment advisory, international finance and executive management. He began his career working for several Lundin Group mining companies in various countries before moving into finance where he specialized in institutional equity sales, ultimately becoming co-head of the London office for an international securities firm. Mr. Lundin is currently on the board of Josemaria Resources Inc. (President & CEO), Filo Mining Corp. (CEO), NGEx Minerals Ltd. and Africa Energy Corp.

Mr. Lundin has been a Director of Africa Energy since July 5, 2018. He is a member of the Reserves Committee and the Corporate Governance and Nominating Committee. In the Company's opinion, Mr. Lundin is independent of the Company and executive management.

Ian Gibbs

Director

Mr. Gibbs is a Canadian Chartered Accountant and a graduate of the University of Calgary where he obtained a Bachelor of Commerce degree. He has held a variety of prominent positions within the Lundin Group of Companies, and he currently serves as CFO of Josemaria Resources Inc. (TSX and Nasdaq Stockholm), a company with assets in San Juan Province, Argentina. Previously, Mr. Gibbs was CFO of Africa Oil Corp., a TSX and Nasdaq Stockholm listed Canadian oil and gas company with assets in Kenya and Ethiopia and Tanganyika Oil where he played a pivotal role in the $2 billion disposition to Sinopec International Petroleum. Prior to Tanganyika Oil, Mr. Gibbs was CFO of Valkyries Petroleum, which was the subject of a $750 million takeover.

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.