Brad L. Beago

BRAD L. BEAGO, a Director and Senior Analyst in the U.S. Equity Research
department of Calyon Securities (USA) Inc., is located in the firm’s
Houston, Texas, branch. He is responsible for the oil and gas
exploration and production sectors or, more specifically, independent
oil and the natural gas producers. Mr. Beago currently has 11 companies
under coverage. Before joining Credit Lyonnais Securities (Calyon) in
1997, Mr. Beago was an Independent Producer Analyst with Jefferies and
Company, Inc., which he joined in December 1992. Prior to that, he was
a Finance Intern at Howard, Weil, Labouisse, Friedrich Inc. He has also
held the position of Financial Analyst with Western Geophysical. Mr.
Beago received his MBA from the University of Houston College of
Business Administration and his Bachelor of Business Administration in
Management from Texas State University. He is also a Chartered
Financial Analyst.