Waseem Sayed, PhD
President & Chief Executive Officer
Dr. Waseem Sayed took over as President and Chief Executive Officer from Mr. Kim Fuerst in July 2006 and was appointed a Director of the Company on the same date. Dr. Sayed has been providing consulting services to publicly traded companies primarily those operating assets in North, Central and South America for over twenty years and has played a key role in guaranteeing the sustainability of these companies. During the first six months of 2004, Dr. Sayed worked with Raptor Networks Technology Inc. Management to attract $7.35 mm of equity funding, ensuring the company s financial viability and sustainability. In 1996, Dr. Sayed participated in a $12.65mm, 9% Convertible Senior Subordinated Debenture for Saba Petroleum Company. He provided financial public relations to Saba Petroleum Co., and during 1 1/2 years of service was instrumental in increasing market cap from $15mm to over $300mm while liquidity increased 1,000 fold. Dr. Sayed has served the public sector of the oil and gas industry for over 20 years in various capacities and has a solid understanding of key strategic and operational processes.
Mr. Kim Fuerst
Chairman of the Board
Mr. Fuerst, currently Chairman of the Board of Directors, served as President, Chief Executive Officer and Director till June 30, 2006. He was President, CEO and Director since September 1996, and Chief Financial and Accounting Officer from October 17, 1997 to September 22, 2004. From 1994 to 1996 he was a Vice President and head of the energy group of Van Kasper and Company, an investment banking firm. From 1989 to 1994 he served in various capacities at Great Northern Gas Company including Vice President of Finance and as a Director. From 1982 to 1990 he was President and Chief Operating Officer of Karen Oil Company which, during this period, drilled over 100 wells and operated those wells that were producing wells. Over the past 25 years he has worked in a variety of energy related positions, both as an independent producer and as an investment banker. <MORE>
Mr. Rafiq Sayed
Chief Financial Officer
Mr. Rafiq Sayed became the Chief Financial Officer of the company in September 2004
and has remained a Director since September 1998. Mr. Sayed also currently serves
as the Vice President and Head of Hitech and Computer Services for the consulting
branch of Tata (TCS). He joined TCS in April 2008 from EMC Corporation where he
served as Vice President and General Manager of the Midrange Network Attached Storage
Group. Mr. Sayed played a key role in defining the vision and direction of EMC
s Hitech & Computer Services division and in driving new business opportunities.
From 2005 to 2008, Mr. Sayed also led the globalization strategy for EMC's Enterprise
Storage Platform division. Prior to that, Mr. Sayed spent 17 years in Telecom-
