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Mr. Siem has served as Chairman of the Board of Directors since 1989 and was appointed as Chief Executive Officer in 2004. Since 2000 he has also served as Chairman of the Board of Directors and President of Drillmar Inc. a well construction and intervention company. From 1995 to 2000 Mr. Siem served on the Board of Directors of Grey Wolf Inc. during which time he served as Chairman from 1995 to 1998 and as interim President in 1995 during its restructuring. Since 1981 he has been an international consultant in energy technology and finance. From 1974 to 1981 Mr. Siem managed the oil and gas interests of Fred. Olsen and from 1977 he managed their drilling operation Dolphin International Inc. Mr. Siem holds a Bachelor of Science in Mechanical Engineering from the University of California Berkeley and has completed an executive MBA program at Amos Tuck School of Business Dartmouth University. | 