Mr. Noval is Executive Chairman of Canadian Superior Energy Inc. (“Canadian Superior”, TSX:SNG; AMEX:SNG) and is also chairman of Challenger Energy Corp. ("Challenger”, TSX:CHQ), and owner and president of several private companies involved in real estate development, farming and ranching, and aviation.  Canadian Superior has significant interests in Trinidad & Tobago and is the largest exploration acreage holder Offshore Nova Scotia, Canada.  Mr. Noval also founded and is a shareholder of Canadian 88 Energy Corp. (“Canadian 88”), which was converted to the Esprit Energy Trust, (TSX:EEE), which was recently acquired by Pengrowth Corporation (TSX:PGF.UN; NYSE:PGH), which he built into one of Western Canada’s most successful and aggressive foothills explorers.  Mr. Noval founded Canadian 88 with $200,000 of seed capital and built it up into three-quarters of a billion dollar company during his tenure with the Company.  SNG, CHQ and EEE are now valued at over $1.5 Billion.  Having recognized the world-class potential Offshore Nova Scotia and Offshore Trinidad, he created Canadian Superior and Challenger Energy to concentrate on capturing the tremendous oil and gas opportunities present in these offshore basins; in addition to focusing on oil and gas production operations in Western Canada. 

Prior to forming Canadian Superior, Challenger and Canadian 88, Mr. Noval was involved in numerous natural gas processing and gas gathering projects in Western Canada and has over 20 years of experience in the Canadian energy industry in various management capacities for a number of publicly and privately owned companies, including Imperial Oil Limited and Hudson’s Bay Oil and Gas Company Limited.  Mr. Noval is also very active in the cattle ranching and the cattle breeding business in Alberta and operates two of Alberta’s largest foothills cattle ranches - the Bar-N Ranch & Cattle Company Ltd. at Turner Valley located approximately 25 miles southwest of Calgary, Alberta and the Bar-N Ghost Pine Ranch Ltd. located southwest of Claresholm, Alberta.  Mr. Noval is president and owner of Hughes Air Corp., a private executive airline charter business based in Calgary, Alberta.  Mr. Noval holds both Bachelor of Commerce and Bachelor of Arts (Econ.) degrees from the University of Alberta and also has a Bachelor of Law degree from the University of Saskatchewan.