MANAGEMENT TEAM

Serafino lacono

Chairman & Executive Director

Mr. Iacono has been involved in the financing and development of oil, mining and other resource projects in Latin America, United States and Europe for over 30 years and has raised more than three billion dollars for numerous natural resource projects internationally. He was previously Co-Chairman of the Board of Pacific Exploration & Production Corporation, and is currently a director and Executive Co-Chairman of Gran Colombia, a gold company operating in Colombia, and a director of Pacific Coal, and US Oil Sands Inc. Mr. Iacono is involved in numerous other resource and business ventures in Latin America, Canada and the United States.

Luciano Biondi

Chief Executive Officer

Mr. Biondi founded and was Chairman of Servicios y Coordinaciones Petroleras, a drilling and well services company, with 24 rigs and two steam soak barges in Venezuela. He was CEO of Pacific Stratus Energy, a subsidiary of Pacific Exploration and Production, with a total production of 66,000 boed. Mr. Biondi is a Petroleum Engineer with 48 years of experience, with Shell de Venezuela, then Maraven/PDVSA, holding a number of increasingly senior managerial positions including, the start-up of Maraven’s operations in the Orinoco Belt, planning manager of the western division and then deputy with production of 1 MMbopd of crude oil. Mr. Biondi was CEO of PetroMagdalena, a public company listed on the TSX-V with operations in Colombia. Mr. Biondi was a member of the board and VP Operations for CPVEN, an oil well cementing and services company operating in Venezuela. He has extensive experience in all facets of the industry, particularly the management of production, drilling and production operations, cost and budget control in most hydrocarbon field types.

Gregg Vernon

President

Mr. Vernon was the founding President of Petro Andina Resources Inc. and a founder and Chairman of Prospero Hydrocarbons Inc., private companies which operated in Argentina and Colombia, and interim CEO and COO of PetroMagdalena Energy Corp., a public company listed on the TSX-V with operations in Colombia. Mr. Vernon is a designated professional engineer with over 38 years in the petroleum industry with expertise in international operations, reservoir characterization, negotiations, and project management, including managing and administrating major projects in Argentina, Colombia, China, and offshore Eastern Canada. He was the China General Manager as well as Engineering and Project Administration Manager on the White Rose FPSO offshore project for Husky Energy. Mr. Vernon was VP, COO and Director of Netherfield Energy Corporation operating in Argentina. He is a director of Hemisphere Energy Corporation, a TSX-V listed company.

Chris Reid

Chief Financial Officer

Mr. Reid was Interim President and Chief Executive Officer of Petrodorado Energy Ltd. (“Petrodorado”) since February 2015, and was appointed formally to such position in January 2016, where he led the turnaround of the company through a divestiture program, resulting in a market capitalization increase of approximately 400%. Mr. Reid was Chief Financial Officer of Petrodorado from January 2012 to January 2016 and, prior thereto, the controller of Petrodorado from July 2011 to January 2012. Mr. Reid was a Manager with KPMG LLP Calgary from September 2005 to July 2011.

Francisco Bustillos

Vice President Corporate Development & Administration

Mr. Bustillos has over 30 years of experience in the oil and gas industry, corporate finance and public finance sectors. He is Director and Founder of F&B Consultores Asociados, a Financial and Strategy Consulting Firm that advises on financial and strategic services including corporate finance, public finances, financial engineering, company valuations, re-negotiation of commercial and financial liabilities, enterprise restructuring, strategic and fiscal planning. Mr. Bustillos was VP Administration & Performance for Petrominerales Ltd. from November 2013 until October 2015. At Pacific Stratus Energy, he served as VP Finance from May 2011 until May 2012 and then VP Administration & Performance from May 2012 until November 2013. Mr. Bustillos was VP Administration & Finance at PetroMagdalena from January 2011 until September 2012, and previously Executive VP PDVSA Gas.

Warren Levy

President – Argentina

Mr. Levy is one of the founders of the Estrella International Energy Services, a public oilfield services company in Argentina, and served as its President and CEO from June 2010 until December 31, 2013. Prior to that Mr. Levy was the President and CEO of Estrella Overseas Limited. He worked for Schlumberger Oilfield Services in a variety of operational and management positions in North America, South America and Asia, including Regional Managing Director for East Malaysia, Brunei and the Philippines. He has over 20 years of experience in upstream and downstream projects in sixteen countries, in every operating environment from ultra-deep-water to remote jungle operations. From December 2009 to January 2012, Mr. Levy served as the Chairman of Quad Energy, a private E&P company headquartered in Thailand, with operations in Vietnam. He is a director of Miramar Hydrocarbons, and Montan Energy, both Canadian junior E&P companies with operations in Argentina and Peru, respectively, and also is the founder of Frontier Hydrocarbons, a financial and technical advisory firm providing services for the energy sector in Latin America where he was actively involved in raising over $800 million in capital.

242,201,602

common shares issued & outstanding

23,173,569

options outstanding

58,218,000

warrants outstanding

56,250,000

warrants trading PNO.WT

ABOUT PENTANOVA

PentaNova Energy Corp. is a publicly traded E&P company focused on proven oil & gas plays in Latin America. The Company holds a large diversified portfolio of unexploited assets in Colombia and Argentina where it will leverage its amplitude of technical expertise and proven track record building companies and creating value. This unique and strategic portfolio provides PentaNova with immediate production and significant upside, and allows the Company to exploit short, medium and long-term growth opportunities.

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