Board of Directors

Mr. Fink is the Chairman of the Board of Pine Cliff. Most recently, he was the Chief Executive Officer of Bonterra Energy Corporation (Bonterra) until his retirement in September 2022. Mr. Fink remains on the Board of Directors of Bonterra as well as the Explorers and Producers Association of Canada (EPAC), and has formerly served on the Board of Governors of the Canadian Association of Petroleum Producers (CAPP). Mr. Fink's career spans 40 years, primarily in the oil and gas industry. After articling with Ernst & Young and obtaining the Chartered Accountant designation, Mr. Fink worked for Shaw Pipe Industries, Ranger Oil and Comstate Resources before starting Bonterra (a spinoff from Comstate) in 1998.

Mr. Fryk joined the Board of Director of Pine Cliff in May, 2021.  Hepreviously held the position of President and Chief Executive Officer of GainEnergy Ltd. from February 2017 until March 2021.  Prior to that, he was Chief Operating Officer at Gain and Executive Vice-President and Chief Operating Officer at Velvet Energy Ltd. from 2011 to 2015.  Mr. Fryk hasover 37 years of experience in management, business development and operations, including oil and gas reservoir exploitation, drilling, completions, marketing and asset and corporate economic evaluations for acquisitions and divestments. Mr. Fryk has a Bachelor of Science – Chemical Engineering Degree from the University of Calgary and is a member of the Association of Petroleum Engineersand Geoscientists of Alberta.

Mr. Hodge joined Pine Cliff in January 2012 as President, Chief Executive Officer and Director and its first employee. Prior to Pine Cliff, Mr. Hodge held the positions of Vice President, Business Development and Vice President Acquisitions and Divestments at Penn West Exploration, one of the largest conventional oil and natural gas producers in North America. Prior to that, Mr. Hodge was a Managing Director at Mackie Research Capital Corporation and J.F. Mackie & Co., Calgary based investment banks, Vice-President, General Counsel and Director of Westport Innovations Inc. and President of Westport’s China Division and a partner at Bennett Jones LLP, a Canadian national law firm, practicing in that firm's securities and mergers and acquisitions teams in its Calgary office.

Mr. Jacober joined the Board of Directors of Pine Cliff in August, 2022. Mr. Jacober was most recently the Vice Chair Canada for PricewaterhouseCoopers LLP ("PwC") until his retirement in June 2022. Prior thereto, he was both the Managing Partner and the Assurance Leader for PwC's Calgary office. Mr. Jacober has provided both US and Canadian GAAP expertise to Canadian public Audit Committees and Boards for over 30 years, including on public offerings and market transactions. Mr. Jacober has significant boardroom experience reporting to Audit Committees on audit strategy and risks, internal controls and other complex accounting issues. Mr. Jacober has a Bachelor of Business from the University of Alberta and is a Chartered Professional Accountant.

Ms. Ricci joined the Board of Directors of Pine Cliff in May, 2020. Ms. Ricci has been a Vice President and Director at J. Zechner Associates, Toronto, Ontario, since 1997, where she is responsible for stock selection and portfolio mix in J. Zechner's Canadian Small/Mid-Capitalization Portfolios. In this position, Ms. Ricci has significant experience evaluating business plans and management performance in small and Mid-Capitalization companies in the Canadian market.

Mr. Rice joined the Board of Directors of Pine Cliff in May, 2016 and is the Chair of its Governance, Nomination and Compensation Committee. Mr. Rice was Chair and Chief Executive Officer of the Alberta Securities Commission from 2005 to 2015 and Chair of the Canadian Securities Administrators from 2011 to 2015. From 2000 to 2005, Mr. Rice was National Managing Partner of the Bennett Jones LLP law firm. Prior to taking his position with the Alberta Securities Commission, Mr. Rice served as a chair or member of a number of corporate boards of directors.