Born in England in 1962, Ashley Heppenstall is a graduate of the University of Durham were he obtained a degree in Mathematics.

From 1984 until 1990, he worked with various subsidiaries of The Hongkong and Shanghai BankingCorporation. He was involved in the financing of the oil and mining businesses particularly related to project financing techniques.

From 1990 to 1993 Mr. Heppenstall was a founding director and shareholder of Sceptre Management Limited, a corporate finance boutique providing a specialist focus upon M & A and project finance for small capitalisation companies.

Since 1993 Mr. Heppenstall has worked with public companies controlled by the Lundin family. In 1998 he was appointed Finance Director of Lundin Oil AB a Swedish upstream oil and gas exploration and production company with worldwide operations in the United Kingdom, Malaysia, Libya, Sudan and Papua New Guinea. Lundin Oil AB was listed on the Stockholm and Nasdaq exchanges. In 2001, LundinOil AB was acquired by Talisman Energy and Mr. Heppenstall was appointed President & Chief Executive Officer of Lundin Petroleum AB which was spun off to shareholders of Lundin Oil AB.

Historical connections with the Lundin Family and other assignments within the Lundin Group:
Ashley Heppenstall has known the Lundin family since the late 1980s while he was working for the Hong Kong and Shanghai Banking Corporation. He serves on the Board of Etrion Corp and Gateway Storage Company Limited. He owns 1,368,250 shares in Lundin Petroleum.