Board of Directors

Mr Richard James Carter, Non-Executive Chairman

Mr Carter (ACMA), aged 35, graduated from Hertfordshire University with a BA (Hons) in Accountancyand began his career at Mouchel Parkman Group plc, a London Stock Exchange listed engineering and government infrastructure provider. In 2004, Mr Carter moved to International Publishing Company Limited (now Time Inc. UK Limited), a UK publishing company where he worked closely with publishing editors to help drive revenue and reduce costs as well as developing and improving management information. Mr Carter was also involved with new product revenues such as telemarketing, competitions and online subscriber acquisition plans. In 2007, Mr Carter joined AIM quoted technology and telecommunications start up, Avanti Communications Group plc. Mr Carter was responsible for setting up the company's financial function, operations and processes and internal and external reporting procedures. He also worked directly with the CEO on the company's commercial strategy. Mr Carter was also the Investor Relations Manager and assisted with fundraisings involving the issue of equity, debt and high yield bonds. In September 2014, Mr Carter joined Gate Ventures plc, an investment company focused on media and entertainment projects. As Chief Financial Officer, Mr Carter oversees all investment transactions of Gate Ventures plc and also serves on the boards of its investee companies Infinity House Productions,Ensygnia IP Ltd, and Playjam Holding Ltd.

Stefan Olivier, Chief Executive Officer

Stefan has been CEO since he founded MX Oil Plc in early 2014. Stefan has worked on a large number of Oil deals during his
thirteen years’ in Corporate Broking including Energy Equity Resources. Stefan has spent the last eight years focused on financing
natural resources transactions via both equity and debt.

Sergio Lopez, Non-Executive Director

Sergio is a director of Nogal Holdings LLC and its associated companies. Sergio has been in the oil and gas industry for the last 13 years with experience ranging from finances to operations. Lewis Energy Group appointed Sergio as its Mexico Country Manager to coordinate a 15 year E&P contract with Pemex, which represented the first move by an American independent oil and gas company into Mexico since 1938. He negotiated a special budget to drill the first exploratory Eagle Ford Shale well in Mexico, named Emergente-1. This resulted in the first and only producer in the Eagle Ford Shale in Mexico called Habano. He earned his Bachelor in Business Administration in Accounting and Finances from the Tecnologico de Monterrey in Mexico.

Wim Burgers, Technical Director (Consultant) *

Wim has more than 40 years international exploration and development experience in the oil and gas industry. His work with Exxon Mobil, his main employer, was concentrated on asset evaluations in conventional & unconventional plays, including heavy oil & tight liquids. Wim has identified many exploration and development opportunities in various areas like Mexico, Gulf of Mexico ,Off shore Brazil, Colombia, Caspian Region, Sub-Sahara Africa and the North Sea. He earned a master’s degree in geology from Leiden University, The Netherlands, and he is fluent in many languages including Spanish.

* Not a main Board Director