Board of Directors

Mr Pinkerton has served as a Director for Lonestar since August 2014 and became Chairman of the Board in August 2016. He became a director of Range Resources Corporation (NYSE: RRC) in 1988 and was elected Chairman of the Board of Directors of Range in 2008. He joined Range as President in 1990 and was appointed Chief Executive Officer in 1992. In 2012, Mr Pinkerton retired as CEO of Range and stepped down as Chairman on January 1, 2015. Mr Pinkerton remains a director of Range. Previously, Mr Pinkerton served in various capacities at Snyder Oil Corporation for twelve years, including the position of Senior Vice President. Mr Pinkerton received his Bachelor of Arts degree in Business Administration from Texas Christian University, where he now serves on the board of trustees, and a Master’s degree from the University of Texas at Arlington. During his 27-year tenure Range Resources grew from its small cap origins to be a $13 billion dollar enterprise with a pre-eminent position in the Marcellus Shale, in the USA. As CEO, Mr Pinkerton established the technical expertise to enable a drilling-led strategy complemented by bolt-on acquisitions where synergies would enhance growth. This resulted in a rapid and impressive increase in the scale of the business, and seven consecutive years of double-digit growth in both production and reserves (adjusted for debt). Mr Pinkerton has widespread skill in the management, acquisition and divestiture of oil and gas properties – including related corporate financing activities – hedging, risk analysis and the evaluation of drilling programs. He has represented the industry in policy matters, serving on the executive committee of America’s Natural Gas Alliance.

Frank D. Bracken, III is the Chief Executive Officer of Lonestar Resources and a member of the Board of Directors. Frank’s background brings a variety of skill sets to the Company, including corporate budgeting and finance, public and private equity and debt financing, mergers & acquisitions and oil & gas producing property divestitures.

Most recently, Frank’s career has been focused on Investment Banking at Jefferies & Company, Inc. and Sunrise Securities. During that time, Frank led over $5 billion of oil and gas transactions, spanning from public and private equity and debt offerings to joint ventures in the Haynesville Shale to the first-ever purchase of a publicly-traded oil & gas company by Private Equity.

Frank’s direct experience as an oil & gas executive comes from his tenure at Gerrity Oil & Gas Corp, an NYSE-listed exploration & production company focused in the DJ Basin. As Chief Financial Officer and a member of the Board of Directors, Frank was responsible for corporate budgeting and development, equity and debt financing in public and private offerings, and acquisitions and divestitures. During Frank’s tenure Gerrity’s market valuation grew four-fold, and was subsequently merged into Patina Energy.

Henry Ellis was appointed as a Director of Lonestar in October 2016. Mr. Ellis presently serves as Chairman and Chief Executive Officer of Bassett California Co. and The Bassett Company. During the past 45 years, Mr. Ellis has served as President of Mbank, El Paso, Chairman and CEO of Grayson County State Bank as well as a member of the board of the El Paso Federal Reserve. In addition to his banking experience, he has served on more than 5 publicly traded companies. Mr. Ellis received his Bachelor of Arts degree in Business Administration from Texas Christian University.

Daniel R. Lockwood has served as a Director of Lonestar since May 2014. He also serves as Vice-President of New Tech Global and is responsible for overseeing and managing NTG engineering and project management services. Mr. Lockwood is a graduate of the Colorado School of Mines with a degree in Petroleum Engineering. Dan joined New Tech Engineering in 2000, and brings with him more than 35 years of engineering and management experience and is considered one of the industry’s leading experts in Shale Operations.

Matthew B. Ockwood has served as a director since November 2017. Mr. Ockwood is a Managing Director of Chambers Energy Management, a Houston-based investment firm focused on providing flexible capital to the energy industry. While at Chambers Energy, Mr. Ockwood has led or participated in the execution of dozens of distinct oil and gas transactions ranging from secured debt to common equity. Prior to joining Chambers Energy, Mr. Ockwood was employed by Lehman Brothers where he worked in the Natural Resources investment banking group. Mr. Ockwood holds a B.B.A in Finance, summa cum laude, and a Certificate in Leadership Study and Development from Texas A&M University.

Phillip Z. Pace has served as a director since June 2017. Mr. Pace is a Partner of Chambers Energy Management, a Houston-based investment firm focused on opportunistic credit investments in the energy industry. Mr. Pace has extensive experience in energy finance, including 19 years in oil and gas equity research. Mr. Pace joined Lehman Brothers in September 2008 after his retirement from Credit Suisse as Vice Chairman of the energy investment banking group. Mr. Pace received his Bachelor of Business Administration degree in Finance from Texas A&M University and has the Chartered Financial Analyst designation .

Stephen H. Oglesby has served as a director since March 2017. Before joining the company, Mr. Oglesby served as Head of Energy, US Commercial Bank at Citibank, where he managed multiple offices and oversaw financial services provided to various private and public companies in the oil and gas industry, from December 2003 to January 2017. Mr. Oglesby previously served on the board of directors of various private companies, including Advanced Coiled Tubing, where he served as Chairman of its board of directors, Blackwell Plastics, and Goodman Manufacturing. Mr. Oglesby holds a Bachelor of Science in Accounting from Southern Illinois University.

Randy L. Wolsey has served as a director since January 2017. Mr. Wolsey is the founder and since February 2015 has been a co-owner of Lone Oak Minerals, a private company involved in acquisition and selling of oil and gas minerals. Since January 2012, he has also been the owner of Solana, a private company involved in oil and gas and real estate investments. He is also the founder and since June 2006 has been a co-owner of and Tanglewood Exploration, a private company involved in oil and gas exploration and production. He previously held management positions at companies including Glen Rose Oil & Gas and Justin Exploration. Mr. Wolsey received his Bachelor of Arts degree in Political Science from Midwestern State University.