Michael Strain

Due Diligence Review

Mr. Strain is the current CFO and Sr. Vice President of US and Canada Sales for Geophysical Technology, Inc. (GTI) based in Houston, Texas. GTI is a wireless autonomous seismic recording equipment manufacturer and seismic technology company. Before joining GTI, Mike spent the last six years as an Operating Partner with Wayzata Investment Partners where he was responsible for specific investments in the oil and gas sector, primarily focused on the exploration and production industry and the oil service industry. His responsibilities included analysis of public securities, generating and evaluating investment opportunities, negotiating and closing deals, and management of portfolio investments. His portfolio company management duties often included roles at the board level and as interim executive. The investment portfolio included debt and equity investments in both public and private companies.

Prior to Wayzata, he was a Director for the Energy portfolio of Cargill Value Investment since 2000. At Cargill, he was responsible for investments in special opportunities, primarily focused on energy related transactions, but also worked in other sectors. While at Cargill he focused on evaluating opportunities, management of portfolio investments, generating deals, and leading negotiations to close transactions. Prior to joining Cargill, he was a securities analyst with Strain Consultants, Inc. where he published research reports and provided investment banking services to small cap oil and gas companies. He was also an Investment Advisor and General Partner to Strain Energy Partners, LLP, and an equities investment partnership. After graduating from college, Mike went to work in the oil field services industry. He worked internationally for Western Geophysical in the seismic acquisition industry. His roles began with field crew positions and progressed to manager of both land based and marine based crews that operated internationally in Africa, Europe, and South America. His last assignment with Western was as the Technical Coordinator based in Caracas, Venezuela. Mike’s oil service experience also includes work as a Field Engineer for Schlumberger in the Gulf Coast region of the US. He worked for the Anadrill division of Schlumberger providing MWD, mud logging and directional drilling services to oil and gas companies. Mike received his B.S. from the Colorado School of Mines in Geologic Engineering emphasizing petroleum geology with a minor in Geophysics and an M.S. in Finance from the University of Houston – Clear Lake.