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MANAGEMENT AND KEY PERSONNEL


The Management Team

David E. Combs
Norbert Buss
Francis H Roth
Trent R. Rosenlieb
Paul Buika
Vincent Naughton

Outside Directors

Carolyn M. Foster
Johnnie D. Odum

The Management Team

Termo is managed by the majority shareholder, David E. Combs, who serves as the Company’s President, CEO, and Chairman of the Board of Directors, Norbert W. (Bill) Buss, who serves as Vice President, Operations, Francis H. Roth, serving as Vice President-Corporate Development, and Trent Rosenlieb, the Operations Manager. All four individuals, to varying degrees, oversee the daily activities of the company and provide leadership and vision for Termo to move forward. David, Bill, Francis and Trent are supported by an excellent group of support staff.

David E. Combs – After completing his MBA at the University of Southern California, David began a career in commercial banking with Crocker National Bank. Later, his business interests shifted and he followed the Combs’ family dream by serving as Chief Operating Officer, and then Treasurer, of The Termo Company. In 1969, he founded Termo Company of Texas, an affiliate corporation, where he served as President for 18 years. David succeeded his father, Eldredge, as President of The Termo Company in 1981 and successfully merged the company and its affiliate in 1987. Currently, David serves on the Board of Directors of The Bear River Club Company. He also served on the boards of Independent Petroleum Association of America, the Long Beach Museum of Art, National Bank of Long Beach, the Verde Valley School, California Independent Producers Association, and was a trustee of Long Beach Memorial Hospital. David served as President of Beckstrand Cancer Foundation and was a board member for many years. David is also very active in wildlife conservation organizations and is past State Chairman of California Ducks Unlimited. He currently serves on the Board of Trustees for the Foundation for North American Wild Sheep. <back to top>

Norbert W. 'Bill' Buss – Bill joined The Termo Company in 1995 and currently serves as Vice President of Operations. He is responsible not only for production operations, but also reservoir, reserve and acquisition analysis. Bill has a BS in Petroleum Engineering from the Colorado School of Mines. He worked for Southern California Gas Company for ten years as manager of engineering for reservoir development of their gas storage fields, and for Aminoil USA, Inc. in Huntington Beach in their onshore and offshore oil fields for the eight years prior. Bill is a California Registered Professional Petroleum Engineer and a member of the Society of Petroleum Engineers. <back to top>

Francis H. Roth – Francis joined The Termo Company in 1998 as Vice President-Corporate Development and is currently a member of the Termo Board of Directors. Francis has more than 40 years experience in the industry including engineering positions with Amoco and Chevron and, most recently, was President of HarCor Energy in Houston. He received a BS degree in Petroleum Engineering from the University of Kansas, an MS degree from the University of Oklahoma, and an MBA degree from the University of California at Los Angeles. Francis is a Registered Petroleum Engineer in California and Texas and a member of the Society of Petroleum Engineers. <back to top>

Trent R. Rosenlieb – Trent joined The Termo Company in January, 2003 as Operations Manager. Trent has more than 25 years of experience in production operations and drilling. His experience in California includes engineering and management positions with ARCO and Occidental Petroleum and, most recently, Trent was in Occidental’s THUMS Long Beach Unit operations. He has a BS degree in Petroleum Engineering from the University of Wyoming and is a Registered Petroleum Engineer in California. Trent also holds an MBA from Keller Graduate School of Management. Trent is a member of API, SPE, and past president of the West Coast Chapter of the American Association of Drilling Engineers. <back to top>

Paul Buika – Paul joined The Termo Company in August of 2007 as Geologist. Paul has more than 28 years experience in the industry including geological positions with Unocal, McFarland Energy, Samedan Oil/Noble Energy, and Petrogulf Corporation. He recieved a BS degree in Geology from the University of Rochester and an MS degree in Geology from Texas Tech. Paul is a member of AAPG and PSAAPG. <back to top>

Vincent Naughton – Vince joined The Termo Company in early 1999 as Controller and is responsible for the overall management of accounting, audit, income tax, financial planning and performance analysis, bank financing/relations, and internal and external financing reporting. Vince brings more than 18 years of experience with independent oil companies in the California area and, most recently, served as Controller of a Los Angeles based company. He has a BS degree in Business Administration from San Diego State University with a major in accounting. <back to top>

Directors

The Directors of The Termo Company consist of David E. Combs, Francis H. Roth, Carolyn M. Foster, and Johnnie D. Odum. All Directors are shareholders either directly or through a stock option plan.

Outside Directors

Carolyn M. Foster – Carolyn joined The Termo Company in 1978 after 12 years in a related industry and continued with Termo until her retirement in 1994 at which time she was Manager- Lands and Leases, Vice President, and a member of the Board of Directors. Carolyn has remained on the Board and does consulting work as a Petroleum Landman, primarily for The Termo Company. Carolyn has an AA in Business and a BA in History and is a member of the American Association of Petroleum Landmen and Los Angeles Association of Petroleum Landmen. <back to top>

Johnnie D. Odum – Johnnie is President of Odum Oil & Gas Co., an independent operator in Colorado and Texas. Johnnie worked for Getty Oil Co. and TXO before starting on his own as a consulting engineer. For the past 21 years, he has worked for both independents and major oil companies including UP Resources and The Termo Company, providing economic evaluations, and drilling and completion experience in the Rocky Mountain area, Louisiana and Texas. Johnnie was extensively involved in Termo’s early acquisition program. Johnnie has a BS in Petroleum Engineering from Texas Tech University, and has worked in the oil industry for more than 30 years. He is a current member of the Society of Petroleum Engineers and American Petroleum Institute.
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