Jeffrey has sixteen years of emerging market oil and gas experience, most recently as Vice President and Treasurer of PetroKazakhstan Inc. Prior to PetroKazakhstan, Jeffrey was employed by Goldman Sachs advising oil and gas companies on their strategic and financial opportunities and before that he worked in a variety of financial and acquisition roles for Premier Oil plc. Jeffrey began his career in the Canadian oil and gas industry.

Jeffrey has a Masters of Business Administration with Distinction from Imperial College, University of London and an undergraduate degree in Economics and Political Sciences from the University of Calgary.

Matters for disclosure under Rule 17 of the AIM Rules with respect to the appointment of Jeffrey Auld as an Executive Director of Equator:

Full name: Jeffrey David Auld

Age:40

Current Directorships/Partnership:

Directorships/Partnerships held within the last 5 years:

PetroKazakhstan Kumkol Marketing Limited(Cyprus)

Phoenix Capital Advisors Ltd

There are no other matters which are required to be announced with regards to this appointment as outlined under paragraph (g) of Schedule 2 of the AIM Rules.

Wade Cherwayko, Equator's Chief Executive, commenting on the appointment said:

'The appointment of Jeffrey Auld as Equator's new CFO is an important step in strengthening the management team at Equator. Jeffrey brings considerable experience and has an excellent track record in his various financial roles within the oil industry.'