Management of Sahara Energy Ltd.

Ms. Panwen Gao: CEO

Ms. Panwen Gao is currently an Investment Analyst with a global asset manager based in New York City. She obtained a Master of Science in 2012 from Worcester Polytechnic Institute and a Bachelors of Science from the University of Kent in 2009.

Mr. Samuel (Quanli) Wang: Vice President

Mr. Wang has much experience with oilfield development. He has worked in oilfield development and management department in CNPC. He graduated from Northeast Petroleum University in 1988 with a Reservoir Engineering Bachelor's Degree, also got a Master's Degree of Production Engineering there in 1994.


Mr. Qingshou Gao: Director

Mr. Qingshou Gao is Chairman of the board of directors of Guochuang and has held this position since 2002. Mr. Gao obtained an EMBA in 2010 from Tsinghua University. Mr. Gao also holds a Bachelor Degree from Zhongnan University of Economics and Law and an Associate Degree in Electrical Power and Equipment from the Wuhan University of Transport Science. Mr. Gao is a Senior Engineer of Roads and Bridges as designated by the Professional Reform Office of Hubei Province

Mr. Tao Gao: Director

Mr. Tao Gao is a current director a General Manager of Guochuang, a position he has held since 2010. Prior to that, he was a director of a research institute for Guochuang from 2002 to 2005. He is a Senior Engineer of Chemical Engineering as designated by the Professional Reform Office of Hubei Province. Mr. Gao obtained an Agronomy Specialty from Yangtze University (Hubei Agricultural College) in 1994.

Ms. Liqun Hao: Director

Ms. Liqun Hao has been a director of Guochuang since 2002. Ms. Hao earned a bachelor degree in Money and Banking from the Zhongnan University of Economics in 1999. She is a Senior Accountant as designated by the Professional Reform Office of Hubei Province.

Mr. Yachao Peng: Director and Board Chairman

Mr. Yachao Peng is Vice General Manager of Guochuang and has held this position since 2011. In 2012, Mr. Peng was also made a Director of Guochuang. Prior to this, he worked as a Department Manager and then Vice-President of the Hubei Branch of the Agricultural Bank of China. Mr. Yachao obtained an MBA from Wuhan University of Technology in 2007, his Bachelor Degree in Finance from Zhongnan University of Economics and Law in 1999 and his Certified Public Accountant designation in 1995.

Mr. Gary Chang: Director

Mr. Chang holds an MBA from the University of Southern California, is a CFA charter holder and a member
of the CFA Institute. Mr. Chang has over 10 years of international experience in both the financial and
petroleum industries. Mr. Chang has worked with several securities firms and investment companies in both
North America and China including Prudential Securities Inc. and Guotai Junan Securities Co., Ltd. In 2005
Mr. Chang was hired by Great United Petroleum Holding Co., Ltd. ("GUPC"), a Beijing company, to act as
Vice President in charge of overseas investment and mergers and acquisitions. Since 2009 Mr. Chang has
served as GUPC's chief representative in Canada and President and Managing Director of Great United
Resources Capital Inc. Mr. Chang serves as a director of Anterra Energy Inc., a TSXV-listed oil and gas

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