Directors

Craig Howie, Executive Chairman, 50
Craig is an Extel-ranked financial oil and gas analyst with wide-ranging financial markets experience and skills. Craig holds several securities industry qualifications and is a Society of Petroleum Engineers (SPE) member. Craig has held roles with Murray Johnstone Limited, Williams de Broe Plc, KPMG Corporate Finance and Blue Oar Securities and more recently had responsibility for E&P sector research at Shore Capital, regularly producing detailed financial models on production-led companies. In addition, Craig’s proactive engagement with corporate and institutional clients have assisted in building the business development skills required to establish the ongoing growth of several companies.

Craig has wide-ranging financial markets experience, including 20 years spent as an equity analyst specialising in oil and gas, and has been actively involved with Union Jack since its IPO in 2013.

John Americanos, Executive Director, 62
John is a Chartered Certified Accountant (FCCA) and a founder and Director of John Alexander Ltd which focuses on the provision of accountancy services to businesses and sole traders. John also has significant experience in UK and international property development.

Simon Flatt, Senior Independent Director, 61
Simon brings extensive experience in operational risk and project management in the international upstream energy sector, frequently in complex and challenging environments. Simon previously spent seven years at ExxonMobil and has also held other senior executive positions, having served as Chief Executive Officer of Rahmat Siddiqi Transportation & Logistics Group (RSTC), an Afghanistan-based transportation and logistics company. Most recently, Simon was a member of the mobilisation team for a greenfield drilling project in Kurdistan with WesternZagros and is currently engaged in evaluating brownfield acquisition and development opportunities across Libya and Northern Iraq.

Peter Brailey, Non Executive Director, 63
Peter has over 40 years’ experience as a consulting engineer to energy and infrastructure projects in the UK and overseas. Prior to forming his own practice, Peter was a partner at Hoare Lea LLP, a leading firm of consulting engineers, and earlier in his career worked at companies including Enterprise Oil and Bechtel. Peter has provided expert witness evidence and engineering opinions regarding numerous commercial disputes, planning matters and judicial proceedings. Peter is a Chartered Engineer, a member of the Energy Institute and Institute of Acoustics and holds a postgraduate qualification in expert witness evidence.

Stuart Watson, Non Executive Director, 67
Stuart has 35 years’ experience in the financial services sector, during which time he built and successfully sold two financial advisory businesses. Stuart’s career has been focused on providing independent financial advice to companies, owners and private clients, particularly in the areas of wealth management, tax-efficient value extraction, succession planning and business development. Stuart is company secretary of a privately-held commercial property business, where he is closely involved with day-to-day management and boardroom processes, and is a member of the Chartered Insurance Institute.

Corporate Governance

Audit Committee
The audit committee will determine the terms of engagement of the Company’s auditors and will determine, in consultation with the auditors, the scope of the audit. The audit committee will receive and review reports from management and the Company’s auditors relating to the interim and annual accounts and the accounting and internal control systems in use throughout the Company. The audit committee will have unrestricted access to the Company’s auditors.

Remuneration Committee
The Remuneration Committee determines the scale and structure of the Executive Directors’ remuneration and the terms of their respective service or employment contracts, including share option schemes and other bonus arrangements. The remuneration and terms and conditions of the non-executive directors of the Company will be set by the Chairman.

Membership of the Audit and Remuneration Committees
The Company is in the process of recruiting independent non-executive directors and once this process has been completed the members of these two committees will be announced.