CHAIRMAN EMERITUS

T. Don Stacy

T. Don Stacy started his career with Amoco in 1956. He studied petroleum engineering at Louisiana Tech University and later at Mississippi State University where he earned a Ph.D. in Engineering Science in 1967. From 1963 to 1967, Mr. Stacy was Assistant Professor of Petroleum Engineering in Mississippi State University.

Mr. Stacy has served in several positions with Amoco, including Vice President Production, for Amoco's Central and South American Region. From 1977 until 1980, he was Production Research Manager for Amoco's Production Research Center in Tulsa, Oklahoma. He was Vice President of Planning for Amoco Production Co. in 1985-86.

He was named President of Amoco Canada in 1986 and was named Chairman and President in 1988. He held that post until 1993 at which time he was named Chairman and President of Amoco Eurasia Petroleum Co. From the inception of Crestar Energy in 1991 until April 1996 he served as non-executive Chairman of the board of Crestar, a senior oil and gas company in Canada.

In 1983, Mr. Stacy was worldwide President of The Society of Petroleum Engineers (SPE), and was a Director of the sponsoring Board hosting the 1987 World Petroleum Congress. He was made an honorary member of the AIME and SPE in 1992. Mr. Stacy was Chairman of the First Joint SPE/DOE Enhanced Recovery Symposium and is Past Chairman of the Board of The Offshore Technology Conference. He was involved in numerous Canadian and International civic and professional organizations, including member of the Board of Junior Achievement of Southern Alberta; Past Chairman of the Board of Governors, Canadian Petroleum Association; Board of Directors of the United Way of Calgary; Director on The Conference Board of Canada; and he was General Campaign of the United Way for Calgary for 1990. Mr. Stacy served on the Board of Governors of the US-Russia Business Council and is the past Co-Chairman of the US-Azerbaijan Chamber of Commerce, Washington, DC. Mr. Stacy was awarded the 1998 SPE Public Service Award for humanitarian efforts, primarily on behalf of refugees in Azerbaijan.

Mr. Stacy serves as a Corporate Director for the following companies: Camco International Inc. (now Schlumberger Technology Corp.) until April 30, 1999; Noble Affiliates Inc.; Alberta Energy Co. Ltd. (AEC); and Agrium Inc., a worldwide manufacturer of fertilizer products. He chairs the Corporate Governance and Nominating Committee for Agrium and the Reserves Committee for Alberta Energy Co. Ltd.

Mr. Stacy and his wife, Wanda, now reside in Houston where he enjoys spending time with his Grandchildren and lists his favorite pastimes as golf, fishing and bird hunting.