David Bramhill, Executive Chairman, 73
Mr Bramhill has over 41 years’ experience in the natural resources industry.
Mr Bramhill has directed and managed several energy companies and was the former managing director of OilQuest Resources plc, subsequently acquired by EnCore Oil plc. Mr Bramhill was an executive director at the time of Nighthawk Energy plc’s AIM flotation in March 2007 and a non-executive Chairman of Wessex Exploration plc when that company floated on AIM in March 2011. He resigned from these companies in 2010 and 2012 respectively.
Mr Bramhill had previously consulted in an engineering capacity for over 20 years on projects for Shell, ExxonMobil, Petrofina, BP and numerous other international energy companies.

Joseph O’Farrell, Executive Director, 72
Mr O’Farrell has over 31 years’ corporate experience in the hydrocarbon and mining industry. He has managed several energy companies and is a former director of OilQuest Resources plc and Nighthawk Energy plc, having been a director of these two companies at the time of their respective flotations on AIM. He has assisted a number of companies working in conjunction with corporate advisers in pre-IPO fundraising and project acquisition.

Graham Bull, Non-Executive Director, 78
Mr Bull is a geologist with 53 years’ of international oil and gas industry exploration experience. Following graduation from the University of Leicester in 1968 with a BSc Hons Geology he worked in Canada and held positions with Chevron, Dome Petroleum, Siebens Oil and Gas and Poco Petroleum and also provided exploration expertise to a Canadian drilling fund. He returned to the UK in 1982 taking the position as Chief Geologist to Sovereign Oil and Gas plc. In addition, Mr Bull has operated as a geological adviser for EnCore Oil plc (formerly OilQuest Resources plc), Premier Oil plc, Cirque Energy and DSM Energy.

Raymond Godson, Non-Executive Director, 80
Mr Godson is a chartered accountant with 45 years’ experience in the provision of oil and gas related services to energy companies. Mr Godson joined the Rio Tinto group in 1973 where he spent 16 years rising to become the financial and commercial director of the oil and gas subsidiary RTZ Oil & Gas Limited. In 1988 he joined Teredo Petroleum PLC (“Teredo”) where he became the managing director in 1992. Following the takeover of Teredo in 1993, he became a full time accountant in general practice, where the majority of his business has been oil and gas related. Mr Godson acted as Company Secretary for Fusion Oil & Gas plc from IPO to its takeover by Sterling Energy Plc. He was subsequently company secretary for both Ophir Energy Plc and Aurelian Oil & Gas Plc. He is currently an executive director of Montrose Industries Limited.

Craig Howie, Non-Executive Director, 48
Mr Howie is an Extel-ranked financial oil and gas analyst with a wide-ranging financial markets experience and skills. Mr Howie holds several securities industry qualifications and is a Society of Petroleum Engineers (SPE) member. Mr Howie has held roles with Murray Johnstone Limited, Williams de Broe Plc, KPMG Corporate Finance and Blue Oar Securities. For the past 10 years, Mr Howie had responsibility for E&P sector research at Shore Capital, regularly producing detailed financial models on production-led companies. In addition, Mr Howie’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.

Consultant/Business advisor

Zac Phillips, Oil and Gas Advisors Limited, Commercial Advisor, 52
Dr Zac Phillips advises the Board and provides independent evaluation support. With in excess of 26 years’ experience his experience has ably lent itself to the valuation of exploration and producing Oil & Gas assets, especially where complex financial structures define companies’ access to the economic benefits of ownership. He was the CFO to Dubai World’s Oil & Gas business (DB Petroleum), where he also led an independent team assessing the portfolio’s value, risk and financing strategies. Dr Phillips has valued in excess of 152 transactions with a combined transaction value of in excess of $63bn. He has a Degree and PhD in Chemical Engineering and an MSc in Petroleum Engineering. He is a member of the Society of Petroleum Engineers, Institute of Chemical Engineers, American Association of Petroleum Geologists and the Association of International Petroleum Negotiators.
For more information about Oil & Gas Advisors, visit their website.

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 has an audit committee and a remuneration committee with formally delegated duties and responsibilities. The Audit Committee comprises of Raymond Godson (Chairman) and Graham Bull, and the Remuneration Committee comprises of Graham Bull (Chairman) and Raymond Godson.