Personnel: Resumes: T. Prescott (Scott) Kessey

T. PRESCOTT (SCOTT) KESSEY has been employed in the upstream oil and gas industry since early 1991. Mr. Kessey resides in Houston, Texas.

2000 - Present
Mr. Kessey is a COSCO Member and Principal. He has been affiliated with COSCO since January of 2000, assisting oil and gas industry clients, principally through preparation of cash flow forecasts, presentation of financial statements and evaluation of strategic business plans. Mr. Kessey often conducts initial due diligence and data gathering on COSCO engagements in order to provide specific recommendations to clients interested in private capital. Mr. Kessey is responsible for client development in the Texas region. He also acts as CFO for COSCO and its affiliates.

1999-2000
From late 1999 through mid 2000, Mr. Kessey provided advisory services to an independent offshore producer in Chapter 11 bankruptcy status. This included development of a pro-forma cash flow model, negotiations with all creditor groups and concurrent private placement of $2.6 million of subordinated debt with warrants. This resulted in a successful confirmation of the bankruptcy plan in April 2000.

1998 - 1999
Mr. Kessey served as Manager Corporate Finance for Integrated Seismic Solutions in Houston, TX, where he coordinated all capital raising efforts for the parent and its three subsidiaries. He also was responsible for the company’s corporate financial forecasts and all related strategic and valuation analysis. This included preparation of both consolidated and subsidiary financial plans and strategic evaluation of all major corporate transactions and financial activities. In such capacities he completed separate merger/liquidation transactions of the exploration and production subsidiary and the geophysical consulting subsidiary. As a key initiative, he also raised over $2 million through a structured equipment financing and a sales-lease back transaction.

1991 - 1997
During this period, Mr. Kessey was employed by American Exploration Company in Houston TX, where he held various positions, ultimately as Manager Corporate Planning. His responsibilities included preparation of financial forecasts for presentation to the board of directors and analyzing all corporate and project financing alternatives, including common and preferred equity, subordinated and mezzanine debt, royalty trusts, oil bonds, and other funding vehicles. He also evaluated the financial impact of all major transactions, including acquisitions, divestitures, partnership roll-ups and corporate financing. Mr. Kessey played a key role in the merger deal team which resulted in the $400 million sale of the company. He also implemented company performance and valuation analysis and developed a multidimensional financial model for use in acquiring over $100 million of partnership interests managed by the company. In addition, he participated in a debt private placement and common and preferred equity offerings that raised nearly $130 million. Finally, Mr. Kessey designed a detailed peer review analysis, benchmarking numerous financial and operational criteria which established key corporate goals for the company.

1989 - 1991
Mr. Kessey served as a staff accountant for the public accounting firm of KPMG Peat Marwick for approximately two and one-half years. He planned, budgeted, and executed audit engagements, primarily for a middle market client base. He was selected by the Mergers and Acquisitions group, KPMG’s investment banking arm, to assist in several consulting assignments, including business valuations.

Education
Mr. Kessey was graduated in 1986 by The University of Texas at Austin with a BBA in Finance and Real Estate. In 1988, he completed all necessary courses for an accounting degree at The University of Texas at Austin in order to become a licensed CPA.

Certifications
Mr. Kessey has been a licensed CPA in the State of Texas since 1992.