Spyglass Board of Directors

Randall (Randy) J. Findlay (P.Eng)

Chairman of the Board

Mr. Findlay is a corporate director who retired as the President of Provident Energy Trust in 2006, a position he held since March 2001. Prior thereto, he was Chief Operating Officer of Founders Energy Ltd. from December 1999 to March 2001, Senior Vice President of TransCanada Pipelines Ltd. and President and Chief Executive Officer of TransCanada Gas Processing L.P. from 1998 to 1999. Mr. Findlay holds a BASc from the University of British Columbia.

In addition to his role as Chairman of the Board of Spyglass Resources Corp., Mr. Findlay also serves as Chairman of the Board of Superior Plus Inc. and Chairman of the Board of Canadian Helicopters Group Inc. He is also a director of EllisDon Construction Inc., Sea NG Management Ltd., and Summerland Energy Ltd., all of which are private companies and is a Board member and past Chairman of the Alberta Children's Hospital Foundation.

Dennis Balderston, (CA)

Independent Director

Mr. Balderston is an independent consultant. Previously, he was an Audit partner with a national accounting firm based in Calgary. Mr. Balderston is also a Director of Condor Petroleum Inc. and Suroco Energy Inc.

Thomas (Tom) W. Buchanan (FCA)

Non-Independent Director

Member of the Audit, Reserves and Compensation (Chair) Committees

Mr. Buchanan is the Chairman and Chief Executive Officer of Charger Energy Corp., a private oil and gas company formed in 2010. Previously, he was a Director, President and Chief Executive Officer of Provident Energy Trust, a diversified energy income trust with investments in upstream oil and gas production and natural gas liquids midstream services, from March 2001 to April 2010. Prior to Provident, Mr. Buchanan was the President and Chief Executive Officer of Founders Energy Ltd., and prior to Founders, he was Chief Financial Officer of Bankeno Resources. He holds a Bachelor of Commerce from the University of Calgary and is a Fellow of the Canadian Institute of Chartered Accountants. Mr. Buchanan's volunteerism includes Chairman of Renfrew Educational Services, Board member of the Edge School for Athletes and he is a member of the Management Advisory Council for the Haskayne School of Business at the University of Calgary. He is also a Director on the boards of Athabasca Oil Sands Corp., Emera Inc., Hawk Exploration Ltd. and Pembina Pipeline Corp.

Gary H. Dundas (CMA, MBA)

Non-Independent Director

Mr. Dundas has over 25 years of oil and gas financial management experience. He was formerly the Chief Financial Officer and Vice President of Finance, General Manager Corporate Development & Marketing and Controller of Maxx Petroleum Ltd., a publicly traded junior exploration and production company. Mr. Dundas has also had prior domestic and international experience with Bow Vally Industries Ltd., North Canadian Oils Limited and Co-Enerco Resources Ltd. Mr. Dundas brings a diverse range of experience, including corporate evaluations and acquisitions, treasury and finance alternatives, financial modeling, strategic planning, marketing and hedging.

Peter T. Harrison

Independent Director

Member of the Audit (Chair), Reserves and Corporate Governance Committees

On February 25, 2013, Mr. Harrison was appointed Chairman of the Board of Directors. Mr. Harrison is Manager, Oil & Gas Investments of the CN Investment Division (Montreal), which manages one of the largest corporate pension funds in Canada. Prior to joining the CN Investment Division in August 2009, he was Senior Vice President of Montrusco Bolton Investments Inc. (Montreal), where he managed the firm's Canadian Equity portfolios. Mr. Harrison holds a Bachelor of Commerce degree from McGill University, a MBA from the University of Western Ontario, and is a Chartered Financial Analyst. He is also currently a Director of Freehold Royalties Ltd.

M.H. (Mike) Shaikh (FCA)

Independent Director

Mr. Shaikh is an independent businessman with extensive experience in finance, oil and gas operations and mergers and acquisitions. Mr. Shaikh holds a Bachelor of Commerce degree from the University of Calgary and is a Fellow of the Canadian Institute of Chartered Accountants. Mr. Shaikh is Vice Chair of Education Matters, a Calgary Public School Trustee and a board member of the University of Calgary, Alberta Children's Hospital Foundation, the Chartered Accountants Education Foundation, the Canadian Air Transport Security Authority and Chairman of the Calgary Police Commission and is a past board member of the Alberta Securities Commission.

Mr. Shaikh is also a director of Hawk Exploration Ltd. and Amica Mature Lifestyles Inc.

Jeffrey T. Smith

Independent Director

Mr. Smith is an independent businessman. Previously, he was Chief Operating Officer of Northstar Energy Company, an oil and gas company (acquired by Devon Energy. He has served as a Director of Compton Petroleum Corporation, Resolute Energy Ltd., Cordero Energy Ltd. and was Chairman of the Board of Intrepid Energy Ltd. Mr. Smith is a member of the Association of Petroleum Engineers, Geologists and Geophysicists of Alberta (APPEGA).

John D. Wright (P.Eng, CFA)

Director

Mr. Wright has been President, Chief Executive Officer and a Director of Petrobank Energy and Resources Ltd. since 2000, in addition to serving as PetroBakken's President and Chief Executive Officer since 2011. Previously, Mr. Wright was the President and Chief Executive Officer of Pacalta Resources; Executive Vice President and Chief Operating Officer of Morgan Hydrocarbons from December 1993 to April 1996; and Vice President Production of Morgan Hydrocarbons from 1989 to 1993. Mr. Wright began his full time career in the oil industry after he graduated from the University of Alberta in 1981 with a Bachelor of Science degree in Petroleum Engineering. Mr. Wright is a Professional Engineer and also a Chartered Financial Analyst charterholder.

Mr. Wright is also President, Chief Executive Officer and Director of Petrobank Energy and Resources Ltd., Chairman and Chief Executive Officer of PetroBakken Energy Ltd. and Chairman of the Board of Petrominerales Ltd. and a Director of Hawk Exploration Ltd.