Fremont Exploration Inc.

Tom Goldsworthy

Thomas O. (Tom ) Goldsworthy is the Chairman/CEO of Fremont Exploration, Inc., a small independent oil and gas company in Oklahoma City, Oklahoma.  Fremont Exploration, Inc. explores for and produces oil and natural gas in Oklahoma, Texas and Kansas.   Mr. Goldsworthy was born on August 15, 1944 in Denver, Colorado.  Following graduation from Cardinal Mooney High School in 1962, he attended San Bernadino Valley College (one year), Manatee Community College and graduated from Florida State University in 1967 with a degree in education.  Mr. Goldsworthy also has a Masters in Criminal Justice Administration from Oklahoma City University (1976) and a Masters in Business Administration from the University of Central Oklahoma (1980).   Following graduation from F.S.U. Mr. Goldsworthy spent three and one-half years as an officer in the United States Marine Corps where he attained the rank of Captain and served a tour of duty in South Viet Nam.   In January 1971 Mr. Goldsworthy joined the Federal Bureau of Investigation as a Special Agent.  In ten years with the FBI he served in Washington, D.C., Houston, Texas and Oklahoma City, Oklahoma.  From 1976 - 1980 he participated in one of the FBI's first and largest undercover operations targeting white collar and organized crime.   In January 1981 Mr. Goldsworthy joined Texas International Company, a New York Stock Exchange oil and gas  company, as Assistant to the President.  In 1983 he founded his own company, Fremont Energy Corporation, which was sold in 1996 to a Houston public company.  In 1996 he founded Fremont Exploration, Inc..   Mr. Goldsworthy's current and past affiliations include:
* Catholic Charities, Archdiocese of Oklahoma City, Board of Directors.1992 - 2002.  (Chairman of the Board from 2000 - 2002)
* National Institute for Developmentally Delayed Children, Board of Directors. 1999 - Present.
* Florida State University Alumni Association,  Board of Directors.  1990 - Present. (Chairman 2002)
* Florida State University Seminole Boosters, Inc., Board of Directors 2002 - Present.
• Defense Orientation Conference Association.  Member 1999 - Present.
* Society of Former Special Agents of the FBI Member since 1981, past National Vice President.  Currently a member of the Board of Directors.
* Oklahoma Independent Producers Association - Wildcatter Member 
* Jim Thorpe Athletic Club - presents the national award for the best defensive back in college football and most valuable player in the NFL.  Chairman of the Board 1996 - 1998.
* Past President Catholic Church of St. Eugene Parish Council, 1978 and 1982.
* Past President Bishop McGuiness High School Parent-Teacher Organization, 1980.
* Member Christian Business Men's Committee of the USA
* Chairman of the Development Committee for Mustard Seed Corporation and Member of the Board of Directors
* American Legion
* Veterans of Foreign Wars
* Equestrian Order of the Holy Sepulcher of Jerusalem
* Recipient of the Volunteer of the Year from the Northside YMCA in 1996
* Recipient of the Humanitarian of the Year Award for 2000 from the Society of Former Special Agents of the FBI.
* Named a Distinguished Graduate in the field of Business by Florida State University 2003.
* Recipient of the Archbishop Eusebius J. Beltran Award given by Catholic Charities in 2004.
* First recipient of the Cardinal Mooney High School Cardinal Society Award.  April 1996.
* Recipient of the Pro Ecclesia Et Pontifice from the Holy Father Pope John Paul II.  December 1997.
     
Tom and Sandy Goldsworthy have four grown children and nine grandchildren.

Jeffrey Robinson

Mr. Robinson is a Petroleum Engineer with 42 years of upstream oil and gas industry experience.  His foundation training was provided by Mobil Oil Corp. in the Mid Continent area.  Subsequent assignments were with progressively smaller companies (Union Carbide Petroleum Corp., Highland Resources and Ranger Oil Company) with progressively broader responsibilities.    Mr. Robinson joined AMAX Petroleum Corp. in 1982.  He designed and executed a major asset re-deployment program to provide cash to the parent company (AMAX, Inc.).  Subsequently Amax Petroleum got the greenlight to build a natural gas reserve base of one TCF.  Beginning with in-house reserves of only 20 BCF, Mr. Robinson designed and executed an acquisitions and exploitation program that led to achievement of the one TCF goal in only three years.  Following a parent company merger, the oil and gas division was put on the market.  Mr. Robinson led a multi-disciplined effort to define and quantify the upside potential within Amax’s property portfolio, resulting in a sale price about $150 million above expectations.  The reserve build up and subsequent sale generated an Internal Rate of Return in excess of 30%.    In mid 1994 Mr. Robinson was appointed President and CEO of Wolverine Exploration Company.  Wolverine, formally DBA American Quasar Exploration Company, had barely survived a Board of Directors guided work out program but had emerged debt free (except for an $80 million preferred shareholder overhang) and with a very small base of producing properties.  The Company was still public but was trading on the Pink Sheets.  On a good day the stock might trade at two cents per share.  After changing the name of the Company to Amerac Energy Corporation, Mr. Robinson designed and executed a growth and value creation program that, in conjunction with some financial restructuring, took the stock to over $7.00 per share.  In early 1998 Amerac was merged into Southern Minerals Corporation, another small public oil and gas E&P company, in order to create a new company with enough critical mass to compete efficiently in the public arena.  The build-up, restructuring and sale through merger of Amerac was extremely profitable for both old and new Amerac shareholders.    Following the Amerac - Southern Minerals merger, Mr. Robinson spent a year on Southern Mineral’s Board and almost a year marketing a Kazakhstan oil and gas project.  In early 1999 he returned to the domestic sector of the energy industry by taking a partnership interest in Fremont Energy Corporation.  Using only sweat equity and conventional bank debt, Mr. Robinson helped build Fremont’s reserve base from essentially nothing to in excess of one million BOE.  In early 2005 Fremont sold essentially all of its oil and gas assets to Protege Energy, an Encap portfolio company.  Prior to the Protege sale Fremont had sold three properties in three separate opportunistic transactions.  Over all results of the six year cycle (early 1999 to early 2005) were extremely positive, generating very high returns to the partnership.  During this time Fremont invested $11.2 million in acquisitions and generated nearly $30 million in revenue from lease level cash flow and asset sales.  
 Since the sale to Protege Fremont has been more focused on the development and sale to industry partners of large drilling projects.  The Company has acquired and marketed since 2006 nearly 100,000 acres of oil and gas leases and is currently marketing a 10,000 acre project.  Fremont has retained significant economic benefits (ORRI’s and carried working interests) in all of these projects.   These residual economic benefits offer significant reserve growth opportunities to Fremont.

12412 St. Andrews Drive * Oklahoma City, OK 73120 * Phone: (405) 936-0012 * Fax (405) 936-0015