Mr. Evans is a Managing Director of PetroCap and a member of the Board of Managers for Fund I. Immediately prior to joining PetroCap in 1995, he was, for nine years, President and Chief Executive Officer of Woodbine Petroleum, Inc., which was a publicly-traded oil and gas company until it was taken private through a merger in September 1992. Prior to his tenure at Woodbine, Evans was President and Chief Operating Officer of a privately held oil and gas company, Penn Resources, Inc. Before being named President, he held other executive positions with the company. Before he joined Penn Resources, he worked for three years at the SMU Business School as Director of an entrepreneurial training program funded by the Department of Commerce. Immediately prior to attending business school at SMU, Mr. Evans was a Deep Sea Diving and Salvage Officer in the US Navy and served a tour of duty in Vietnam. Mr. Evans holds an MBA from Southern Methodist University and a BA from the University of North Carolina. He was a member of the Edwin L. Cox School of Business Associates Board at SMU, and he has served on the Board of Directors of the North Texas Region IPAA, the Dallas Wildcat Committee and the Dallas Petroleum Club. Mr. Evans, for ten years, was an independent Director of a publicly reporting REIT.