Gary W. Loveless

Gary W. Loveless, age 61, has been a Class II director since the Company's inception in 1981, and is a member of the Audit Committee and chairman of the Compensation Committee of the Board of Directors.From 1986 to 1997, he held various positions with Great Western Resources Corporation, most recently as Chief Executive Officer and Director.In 1997, Great Western Resources Corporation was purchased by Forcenergy Inc., and Mr. Loveless served as Vice President/Onshore Exploration and Production of Forcenergy Inc. until October 1997.Mr. Loveless served as President of Casey Kay Company, an oil and gas exploration and production company, until December 1998.In December 1998, he became Chairman and Chief Executive Officer of Square Mile Energy, L.L.C., an oil and gas exploration and production company.He holds a BSME from Texas A&M University and an MSME from the University of Texas at Austin.