Mr. Gillespie has 22 years of diverse executive management experience in energy financing, accounting and systems integration, natural gas and pipeline marketing, risk management and investment due diligence.

Mr. Gillespie was Senior Vice President of Equitable Production Company, the largest operating division of Equitable Resources (NYSE - EQT) from February to June 2000. During this period Mr. Gillespie led and closed a $125 million tax credit monetization. He also worked with a major investment-banking firm structuring a $250 million 10-year public debt offering modeled after Statoil's intended public company Royalty Trust.

From 1996 to 2000, Mr. Gillespie was Senior Vice President of Statoil Energy, Inc's exploration and production business, with primary emphasis on business development. He played an integral role in more than 20 acquisitions of oil and gas properties totaling over $600 million and led back office assimilation of these properties. Mr. Gillespie became an industry expert in Appalachian Basin pipeline, gathering and FERC deregulation issues as a result of acquisition and management of several gas gathering systems. Mr. Gillespie was also responsible for the business unit's natural gas price risk management and contracting for the sale of 125 million cubic feet per day of production. He worked closely with state associations on gas pipeline and marketing issues and was President of IOGA of Pennsylvania in 1998 and 1999. He led the formation of a $200 million public company Royalty Trust offering having three major investment banking firms as lead underwriters with six co managers. The offering was canceled in late 1999 by Statoil Energy's parent company when they decided to sell the entire company.

From 1984 to 1996, Mr. Gillespie was Senior Vice President and Chief Financial Officer of Statoil Energy and its predecessor company The Eastern Group. His primary responsibilities included development and execution of the business plan and related financing (both debt and equity) for three business units engaged in natural gas exploration & production, energy marketing and electric power generation. He established relationships with several banks and energy lending institutions, and structured the financing to meet the unique needs of each of the three business units. During the 12-year period, the company grew from 7 employees and $1 million in revenue to nearly 500 employees and $1 billion in revenue. By 1996, Mr. Gillespie had over 50 employees in his group who were responsible for managing the accounting, information systems, and energy marketing back office operations, including risk management.

From 1979 to 1984, Mr. Gillespie worked as manager for Price Waterhouse providing accounting, tax, information systems and management consulting services to a number of small business clients, including energy companies.

Mr. Gillespie is a CPA and has a BS degree in accounting from the University of Delaware. Mr. Gillespie serves as Treasurer and member of the Board of Directors of Good News Mission Jail & Prison Ministries.