Mr Kalinin is a Co-Managing Partner of Baring Vostok Capital Partners. Mr Kalinin joined Baring Vostok in February 1999 from Alfa Capital, where for six years he acted as a Director and Head of Direct Investments. During this time, Mr Kalinin was responsible for over 20 private equity portfolio companies, in most of which Alfa Capital was the controlling shareholder. Mr Kalinin also acted as the Chief Executive Officer of Alfa Asset Management, a joint venture between Alfa Capital and Trust Company of the West. Mr Kalinin is the Chairman of the Board of OAO Akrichin, ZAO Sakhalihinterlesprom and a member of the Board of OAO Samaraenergo, OAO Volhsty TGK, OAO Alpha Cement, OAO Saratovstroysteklo, OAO Spasskcement, Tops BI, Air-In-Space and BV Development. Mr Kalinin holds a B.Sc. and a Ph.D. from the Moscow Power Engineering Institute and was a professor and researcher at the Institute prior joining to Alfa Capital. Mr Kalinin is 50 years old.

Mr Ivanov was Director of Oil and Gas Investments at Baring Vostok. Mr Ivanov has over 15 years experience in the oil and gas industry which includes 10 years working for the Schlumberger Group, beginning his career with Schlumberger Limited as a Field Engineer in Siberian Russia. During his time with Schlumberger he assumed various management and technical positions in Russia, the USA and the United Kingdom. He was responsible for Schlumberger’s operations in Iran, Georgia and Azerbaijan. He is the co-founder of a number of successful venture companies. Mr Ivanov holds an M.S. degree in Geophysics from Novosibirsk State University and an M.B.A. from the Kellogg School of Management of Northwestern University. He is an elected member of SPE. Mr Ivanov is 40 years old.

Tony has had close experience with the independent the oil and gas industry for over 20 years as one of the leading equity analysts covering the sector.  Prior to joining Volga Gas, he was head of oil and gas research for KBC Peel Hunt and was closely involved with the company’s 2007 IPO.  He previously held positions with Investec Securities, The Bell Group International and Schroders.  He is a Member of the Securities Institute and of the Petroleum Exploration Society of Great Britain.  He read mathematics at Cambridge University between 1977 and 1983 both as an undergraduate and a post-graduate research student.  Mr Alves is 49 years old.  He was appointed as Chief Financial Officer and Company Secretary effective 12^th January 2009.

Mr Calvey is a Founder and Co-Managing Partner of Baring Vostok Capital Partners in Moscow, and a Director of Baring Private Equity International, a global private equity firm headquartered in London. Since 1994 Mr Calvey has co-led the investment team managing and has acted as the Chairman of the Investment Committee for both the First NIS Regional Fund and the Baring Vostok Private Equity Fund. Mr Calvey is currently the Chairman of the Board of three portfolio companies. Prior to joining Baring Vostok, Mr Calvey worked at the European Bank for Reconstruction and Development where he was responsible for several of the bank’s investments in the oil and gas sector in Russia. Prior to his work with the bank, Mr Calvey was a member of the oil and gas team at Salomon Brothers Inc in New York on a variety of corporate finance and mergers and acquisitions assignments. Mr Calvey has a M.Sc. in accounting and finance from the London School of Economics. Mr Calvey is 41 years old.