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

From 1984 until 1990, he worked with various subsidiaries of the Hong Kong and Shanghai Banking Corporation. 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, Lundin Oil AB was acquired by Talisman Energy and Mr. Heppenstall was appointed President and Chief Executive Officer of Lundin Petroleum AB which was spun off to shareholders of Lundin Oil AB.