TSX: MVN    

Kevin D. Shaw: President and Chief Executive Officer, Director

Mr. Shaw holds significant oil & gas industry experience as an Engineer, Manager and Officer, working for both large and small-cap E&Ps, as well as extensive experience in the capital markets and consulting services sides of the energy sector. Prior to joining Madalena, Kevin most recently headed up the energy team at an energy focused boutique investment bank and held the position of Managing Director & Head of Global Energy Research, responsible for coverage and/or advisement on over 30 domestic and international E&P companies. Prior, Kevin worked with Wellington West Capital Markets as a Senior Oil & Gas Research Analyst, and Partner, and was a key member of Wellington West's successful Energy business prior to Wellington's sale to National Bank of Canada in the summer of 2011. Prior to holding executive positions within the Capital Markets, Mr. Shaw has also held oil and gas positions heading up large operational & engineering consultant teams for major E&P's as an Alliance Manager for Colt WorleyParsons, was a Vice President, Operations for a public jr. E&P (Trimox Energy Inc.), and has held various technical & managerial roles with ExxonMobil (via Imperial Oil). Kevin is a Professional Engineer and holds a B.Sc. in Mechanical & Petroleum Engineering from the University of Calgary and an MBA from the Haskayne School of Business.

Thomas Love: Vice President Finance and Chief Financial Officer

Mr. Love is a Chartered Accountant with 36 years of experience in the oil and gas industry. Prior to being the Chief Financial Officer and a Director of Online Energy Inc., Mr. Love was the Chairman and Chief Financial Officer of Trimox Energy Inc. and Moxie Exploration Ltd. and President and Chief Executive Officer of Moxie Petroleum Ltd. Prior thereto, Mr. Love was Vice-President, Finance, Chief Financial Officer and Director of Westward Energy Ltd. Mr. Love articled with Clarkson, Gordon & Co. (now Ernst & Young).

Steve Dabner: Vice President, Exploration

Mr. Dabner has over 30 years of experience in the oil and gas industry. Prior to co-founding Online Energy Inc. in 2009, Mr. Dabner was President and Chief Executive Officer of Trimox Energy Inc. and Moxie Exploration Ltd. and Vice-President, Exploration and Chief Financial Officer of Moxie Petroleum Ltd. Prior thereto he held positions of increasing responsibility with Cimarron Petroleum Ltd. and Home Oil Company Ltd.

Robert Stanton: Vice President, Operations

Mr. Stanton is a Professional Engineer who has acquired over 30 years of well-rounded engineering and operational experience. Previously, Mr. Stanton was Vice-President, Operations at Online Energy Inc. . Prior thereto, Mr. Stanton worked for a number of energy companies including, Oiltec Resources Ltd., Pinnacle Resources Ltd., Jordan Petroleum Ltd., Transwest Energy Inc., Triton Canada Resources Ltd., Canadian Worldwide Energy Ltd., Petro-Canada Inc., and Vice-President, Engineering and Operations, Result Energy Inc.

John Wittnebel: Manager, Geology

Mr. Wittnebel is a registered professional geologist with over 33 years of experience in the oil and gas industry. Prior to being the Exploration Manager at Online Energy Inc., Mr. Wittnebel was Vice-President, Exploration at Result Energy Inc. and throughout his career has held positions of increasing responsibility with Chevron Canada Resources, Renaissance Energy/Husky Energy and Encal Energy/Calpine Canada. Mr. Wittnebel has wide ranging Canadian and international exploration and development expertise involving, among other things, horizontal drilling of conventional and unconventional reservoirs

Ruy Riavitz: Country Manager, Argentina

Mr. Riavitz is a Chemical Engineer with over 16 years of experience, both technical and managerial, in the oil industry in Argentina. He started his career with YPF as a reservoir engineer. Subsequently, he joined PA Consulting Group evaluating energy assets in the US and South America. He then worked at HIDENESA, Neuquen's state-owned oil company and the predecessor to G&P, forming the first joint ventures to explore in the province. Mr. Riavitz joined Madalena Austral in 2009 as Operations Manager and become the Country Manager in January 2012.