EXPLORATION & PRODUCTION

Management

Babatunde Ogunnaike MD/CEO Oando Exploration & Production

Mr Babatunde Ogunnaike joined Shell Petroleum Development Company (SPDC) in 1978 as a Wellsite Petroleum Engineer. He later became the Head of Business Planning and Economics, and in 1993 was assigned as Senior Economics Engineer with Shell Expro - London, UK.

He returned to SPDC in 1996 as Head, Production Planning, Programming and Information Services and served at various times in Corporate Planning, Petroleum Engineering and Technical Services departments before his appointment as Commercial Operations Manager in 2005.

He was appointed General Manager - Joint Venture Management in 2006, a position he held till May, 2008.

Eamon Labode Akinosho Chief Operating Officer/Exective Director

Eamon Labode Akinosho has more than 20 years E&P experience. He is presently Chief Operating Officer/Exective Director for the upstream subsidiary of Oando plc, Nigeria's largest energy group. His main responsibility is the
monetization of all assets in the current portfolio. These assets are in different stages of exploration to appraisal.

His prior experience includes 8 years at Anadarko Petroleum where he ranged from production engineer to reservoir engineer and Head of Production for their Algerian field (Hassi Berkine North Field) seeing production to 300,000 bopd; and 5 years at BP/Amoco UK where he ranged from operations engineer to well operations engineer in charge of all the Southern North Sea Wells.

He has also acted as a technical consultant for Sahara Energy Field Company, an indigenous Nigerian company in supporting them through their successful application for a marginal field and their block allocation in the Nigeria/Sao Tome Joint Development Zone.

He has worked with various service companies in the UK, specializing in facilities (Pipelines, Hydrostatic testing, Pigging Systems and Produced Water Treatment)

Labode holds an M.Sc in Petroleum Engineering from Imperial College, University Of London as well as an M.Sc in Offshore Engineering from Robert Gordon University Aberdeen. He also posses a Diploma in Business Administration from Edinburgh Business School, Heriot Watt University Scotland

Billi Folahan Senior Executive

Billi has extensive experience in the upstream sector of the oil & gas industry having held various roles with different energy companies and institutions, including a decade and a half with Chevron where he worked as an Exploration Geologist and as a Lead Well Site Geologist. In addition, Billi worked with Sadiq and Cavendish Petroleum where his duties included the evaluation of potential exploration opportunities for investment, the evaluation of E&P acreage and liaison with government agencies on various upstream matters.

Billi holds a M.Sc degree in Geology which he obtained from the Tenessee Technological University in the USA and an M.Sc in Rock Mechanics from Tennesses State University also in the USA.