Managemenrt

& Directors

John Punzo, Chairman, President & CEO

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Since 1981, Mr. Punzo has served as a Director and as President or Chief Executive Officer of several businesses. During this time, Mr. Punzo played a key role in launching, directing and obtaining the funding for a few of these entities into the public markets. Mr. Punzo has assembled a successful team of energy experts, along with experienced accountants, financial and legal advisors to assist his efforts. His experience and corporate leadership, combined with his dedication to ensuring strict compliance and adherence to the rules and regulations of the Securities and Exchange Commission, are a matter of record. In 2002, Mr. Punzo led the restructuring of Sonoran Energy, Inc. into a successful energy company. He departed in 2004 to further develop his energy consultancy and private management group. Most recently, Mr. Punzo was CEO of Wentworth Energy Inc., an East Texas oil and gas exploration company. His experience and corporate leadership, combined with his prior knowledge of the oil and gas industry, make Mr. Punzo not only qualified, but also fully committed to establish Exterra Energy as an industry leader in the oil and gas sector.

Randall K. Boatright, CFO, EVP & Director

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Most recently Mr. Boatright served as Interim President and Chief Executive Officer, Chief Financial Officer and Director of Dexterity Surgical, Inc. He has extensive experience in the energy business as he was formerly Executive Vice President, Chief Financial Office and Director of Abraxas Petroleum Corporation (AMEX:ABP) and Controller of a large private independent oil & gas company. Prior to that, Mr. Boatright practiced accounting with the firm of Coopers & Lybrand LLP. He is a Certified Public Accountant and a graduate of the College of William & Mary in Virginia.

James D. Romano, Corporate Secretary, Treasurer & Director

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Mr. Romano has served as an officer and director of Exterra Energy, Inc. since November 2006. Prior to joining the Company, Mr. Romano founded Horizon Industries Ltd. ("Horizon") in 2003, where he aggressively launched the Company into the oil and gas business in the United States. Mr. Romano acted as President and Director of Horizon, where he led the company through its formative stage to production and cash flow. Mr. Romano resigned as an officer of Horizon in November, 2005 and as a director in February, 2006. For the past 15 years, Mr. Romano has been involved in the management, strategic planning, corporate communications and financing of companies in the oil and gas, as well as mining sectors. He has been instrumental in the due diligence and financing of project acquisitions. Mr. Romano brings a diverse 30 years of business and entrepreneurial skills to the Company.

Frank Simmen, Director

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Since graduating from the University of Texas in 1980 with a Bachelor of Business degree, Mr. Simmen has been involved solely in the oil and gas industry. He began his 27 years of experience as a landman with Ballard Exploration in Houston, Texas. There he concentrated in South Texas, Gulf Coast and in Louisiana overseeing leasing, drilling, completion and operation of wells as well as executing acquisitions, divestitures and negotiating farm-ins and farm-outs with major oil companies. Prior to founding his own company, Jackson and Simmen Drilling, Inc., he served 12 years from 1998-2003 as Vice President with McCarthy Oil and Gas. Having a broad knowledge of leasing, drilling and production of oil and natural gas, Mr. Simmen purchased a drilling rig in the Fort Worth Basin in 2003 and formed Jackson and Simmen Drilling. His present company, Wolf Island Oil and Gas, L.P., concentrates in the Fort Worth Basin seeking production and exploration opportunities.