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Michael J. Hibberd, BA, MBA, LLBExecutive

Chairman of the Board

Mr. Hibberd obtained his BA in 1976 and his MBA in 1978 from the University of Toronto. He obtained his LLB from University of Western Ontario in 1981, was called to the bar in 1983 and is a member of The Law Society of Upper Canada. Mr. Hibberd has been Co-Chairman of Sunshine Oilsands since October 6, 2008, a title which he shares with Mr. Songning Shen. Mr. Hibberd was a founder of Sunshine Oilsands and held the title of Chairman and Co-CEO from May, 2007 to October 6, 2008. Mr. Hibberd is President and CEO of MJH Services Inc., a corporate finance advisory company established in January 1995. Mr. Hibberd has extensive international energy project planning and capital markets experience. Prior to January 1995, Mr. Hibberd spent 12 years with ScotiaMcLeod. Mr. Hibberd worked in corporate finance in Toronto and Calgary and held the position of Director and Senior Vice-President, Corporate Finance.

Since January 1995 Mr. Hibberd, through MJH Services Inc., has focused on providing advice to Calgary based companies with North American and international operations. He has been actively involved in privatization projects in North America, South America, the Middle East and Asia. In addition to advising on Western Canadian and Offshore East Coast Canadian projects that involved significant financing, Mr. Hibberd has been directly involved in project financings and advisory work throughout North America and internationally. Projects include: (i) special advisory and project planning work for the Arakis Energy/State Petroleum Sudan project, including formation of the consortium with CNPC, Petronas and Sudapet and advice in connection with the sale to Talisman Energy; (ii) key finance and planning work that secured the first privatization of oil assets in Kazakhstan (Hurricane Hydrocarbons, later re-named PetroKazakhstan Inc.); and (iii) serving in the key formative role in establishing Rally Energy as an international E&P company with assets in Egypt and Pakistan. Rally Energy was successfully sold in 2007.

Mr. Hibberd is currently Chairman of Heritage Oil Plc (London Stock Exchange), Heritage Oil Corporation (Toronto Stock Exchange (TSX) and London Stock Exchange), Canacol Energy Ltd. (TSX and Bolsa de Valores de Colombia) and Greenfields Petroleum Corporation (TSX Venture Exchange). He is a director of Montana Exploration Corp. and PanOrient Energy, both of which are listed on the TSX Venture Exchange. Mr. Hibberd was previously a director of Challenger Energy, Deer Creek Energy, Iteration Energy, Zapata Energy, Sagres Energy and Rally Energy Corp.

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