Gary C. Hanna has over 30 years of executive experience in the energy exploration
and production and service sectors, with a primary focus in the mid-continent
U.S. and Gulf of Mexico regions. From 2009 until June 2014, Mr. Hanna served as
the Chief Executive Officer of EPL Oil & Gas Inc., or EPL and was elected
as a director of EPL in June 2010 and Chairman in 2013. EPL was a public E&P
company with a $270 million equity value in 2009 that Mr. Hanna and Ms. Thom,
our Chief Financial Officer, grew into a $2.3 billion company by the time it was
sold to Energy XXI Ltd. in 2014. Following the reorganization of EPL in September
2009 and within a rising oil price environment in the four years following, the
company completed acquisitions of new assets and executed organically through
increasing capital spending. This combined approach resulted in a significant
increase in proved reserves, production volumes and the company’s drilling
portfolio. The acquisitions provided EPL with access to infrastructure and extensive
acreage, with significant exploitation and development potential. From 2009, the
year the company reorganized, through 2013, the year prior to the sale of the
company in June 2014, EPL’s revenue increased from $191.6 million to $693.0
million and net income (loss) increased from $(57.1) million to $85.3 million.
The price of oil increased from $55.07 in 2009 to $97.82 in 2013. From 2008 to
2009, Mr. Hanna served as President and Chief Executive Officer of Admiral Energy
Services, a start-up company focused on the development of offshore energy services.
From 1999 to 2007, Mr. Hanna served in various capacities at Tetra Technologies,
Inc., an international oil and gas services production company, including serving
as Senior Vice President from 2002 to 2007. Mr. Hanna also served as President
and Chief Executive Officer of Tetra’s affiliate, Maritech Resources, Inc.,
and as President of Tetra Applied Technologies, Inc., another Tetra affiliate.
From 1996 to 1998, Mr. Hanna served as the President and Chief Executive Officer
of Gulfport Energy Corporation, a public oil and gas exploration company. From
1995 to 1998, he also served as the Chief Operations Officer for DLB Oil &
Gas, Inc., a mid-continent exploration public company. From 1982 to 1995, Mr.
Hanna served as President and Chief Executive Officer of Hanna Oil Properties,
Inc., a company engaged in oil services and the development of mid-continent oil
and gas prospects. Since November 2015, Mr. Hanna has served as a member of the
boards of directors of Hercules Offshore, Inc. and Aspire Holdings Corp.
Edward Kovalik has been the Chief Executive Officer and Managing Partner of
KLR Group, LLC (“KLR Group”), KLR Group Holdings, LLC and certain
of KLR Holdings’ direct and indirect subsidiaries (collectively, “KLR
Holdings”), an investment bank specializing in the energy sector which
he co-founded in the spring of 2012. Mr. Kovalik manages the firm and focuses
on structuring bespoke financing solutions for the firm’s clients. Mr.
Kovalik has over 17 years of experience as an investment banker. Prior to founding
KLR Holdings, from 2002 until April 2012, Mr. Kovalik served in various capacities
at Rodman & Renshaw, most recently as Head of Capital Markets and the head
of Rodman’s Energy Investment Banking team. From 1999 to 2002, Mr. Kovalik
was a Vice President at Ladenburg Thalmann & Co., where he focused on private
placement transactions for public companies. Mr. Kovalik has served as a member
of the boards of directors of River Bend Oil and Gas, LLC since June 2013 and
Marathon Patent Group, Inc. a public company, since April 2014.
Tiffany J. (“T.J.”) Thom has more than 20 years of financial and
operational experience in the energy industry. Ms. Thom served in various capacities
for EPL from October 2000 until June 2014. Ms. Thom served as Principal Financial
Officer of EPL from July 2009, as Senior Vice President of Business Development
from September 2009, as Chief Financial Officer from June 2010 and as Executive
Vice President from January 2014, to June 2014. Ms. Thom helped lead EPL through
its Chapter 11 bankruptcy proceeding which culminated in 2009. From 1992 to
2000, Ms. Thom served as Senior Reservoir Engineer for Exxon Production Company
and ExxonMobil Company with operational roles, including reservoir engineering
and subsurface completion engineering for numerous offshore Gulf of Mexico properties.
Ms. Thom has served as a member of the board of directors of Yates Petroleum
Corporation since October 2015 and as a member of the board of directors of
Patterson-UTI Energy Inc. since August 2014.
Gregory R. Dow has served as the Chief Operating Officer and General Counsel
of KLR Holdings since April 2012. Mr. Dow was General Counsel at Rodman &
Renshaw Capital Group, Inc. from February 2008 until April 2012 and a Managing
Director and the Deputy General Counsel at Cowen and Company, LLC from May 2004
until December 2007. From 1998 through 2004, Mr. Dow was a Director and the
Equity Capital Markets Counsel at Merrill Lynch, serving in New York and in
London, where he covered the UK, Europe, Middle East and Africa. Prior to that,
he was Equity Capital Markets Counsel at Peregrine Capital Markets in Hong Kong,
which at the time was the largest independent investment bank in Asia. Mr. Dow
began his legal career at the law firm Milbank, Tweed, Hadley and McCloy, where
he focused on Latin America. Mr. Dow also had five years of experience in strategic
consulting with Taylor Research and Greenwich Associates, where he focused on
telecommunications, media and financial industry clients.
