John Bell, Non-Executive Chairman

John Bell (aged 62) is currently CEO, and sole shareholder of Australian Drilling Associates Pty. Ltd. ("ADA"), a well engineering and drilling project management company headquartered in Melbourne Australia, established in 1994. He is also the sole shareholder of Sheer Energy Pty. Mr. Bell has over 30 years experience in exploration and production drilling, having commenced his career as a drilling engineer with British Petroleum in the North Sea in 1974. He held various positions with oil companies and drilling contractors working, in the Middle East, North Africa, the UK, Norway and Canada before joining BHP in Australia 1988. Mr. Bell co-founded his first private well engineering and drilling project management company in Australia in 1994.

Richard Mew, Chief Executive Officer

Richard Mew (aged 54). Mr Mew is a highly experienced senior executive in the oil industry with particular experience in business development. Richard was until recently the Director of Business Development for Centrica Energy where he was responsible for all upstream acquisitions, divestments, and business development activity. He led the 2009 successful acquisition of Venture Production for approximately £1.5 billion by Centrica and during his time with the company, completed a number of other significant acquisitions. Prior to Centrica, Richard held senior management positions with ChevronTexaco, Amerada Hess and Conoco all with business development focus.

Mark Pritchard, Non-Executive Director

Mark Pritchard (Aged 48) following a 12 year career in investment banking in the City of London, working for financial institutions including, Interallianz Bank Zurich and Nomura International, Mr. Pritchard established a private investment firm, Lomond Consultancy Limited in 1992. Mr. Pritchard is currently Chairman of FuturaGene plc, an AIM listed agricultural biotech company and is President of Allied Minds Inc., a private equity vehicle specializing in early stage technology investment which he founded in 2004. Mr. Pritchard has a BSc from Cass Business School in London.

Guy Cowan, Non-Executive Director

Guy Cowan (aged 58) is a dual qualified UK Chartered Accountant and US CPA. Mr Cowan has had a 23 year career with Shell during which his responsibilities included a regional focus on Colombia, Peru, and Chile, and was Commercial Director of SPDC Nigeria and CFO of Shell Oil USA. From February 2005 to February 2009, Mr. Cowan was CFO of Fonterra Co-operative Group, one of the world's leading dairy companies headquartered in New Zealand. Mr. Cowan was born in Argentina and has lived and worked in Latin America for over 30 years and is currently non executive director of three listed companies in Australia and Chile.

John Charlton, Non-Executive Director

John Charlton (aged 66). Following a successful career with ICI where he rose to the position of Group Treasurer leading the finance function with around 1,000 qualified staff worldwide, John moved to Kvaerner the Anglo Norwegian engineering and construction Group where he was appointed Chief Financial Officer. Since leaving Kvaerner in 2001, John has served on a number of boards including Biofuels Corporation PLC, Bateman Litwin N.V. and Potatopak Limited, and has been the CFO of Trikona Advisers Ltd, the manager of AIM listed Trikona Trinity Capital PLC.

Ian Reid, Exploration Director

Ian Reid (aged 48), trained as a petroleum geologist at the Royal School of Mines, Imperial College, London. He had a 14 year career with Shell International in Holland, New Zealand, Oman, Australia, Vietnam and Norway where he undertook senior roles in petroleum geoscience. Since 1997 he has been a consultant in Australia for the petroleum and geothermal industries, working for Government and industry. Mr Reid is a non-executive director of Panax Geothermal Ltd. listed in Australia.

Thomas Tidow, Operations Director

Thomas Tidow (Age 50) graduated with a degree in Mechanical Engineering from Stuttgart in 1985 and was granted an Executive MBA from the IESE Business School in Barcelona, Spain in 1992. Following a career in the German automotive sector, Thomas entered the natural resources sector and worked in senior management positions for Repsol, Vopak and Shell both in Peru and internationally. He has held the Country Manager position for Gold Oil Peru since the formation of the company in 2004 and has joint German and Peruvian nationality.