Dr Peter E Power
Non-executive Chairman (appointed 9 July 2007)

Dr Peter Power has over 40 years' experience in hydrocarbon exploration worldwide in senior management positions with major international companies. He was previously Managing Director of Ampolex Limited prior to its acquisition by mobil.

Dr Power was the founding Head of Geology at the Western Australian Institute of Technology (now Curtin University). He was a member of the Bureau of Mineral Resources Review in 1984 and the Australian Geological Survey Organisation Review in 1993, a member of the Advisory Council for the National Centre for Petroleum Geology and Geophysics from 1985-1990. He has served as President of the Australian Geoscience Council and as a councillor and chairman of the Australian Petroleum Production and Exploration Association, which has awarded him both the Lewis G. Weeks and Reg Sprigg Gold medals and honorary life membership. He has been a consultant since 1997 and is currently non-executive chairman of Elk Petroleum (since 2006) and Metgasco Limited (since 2002) and is also a non-executive Director of Petsec Energy Limited (since 1999).

Richard A Adrey - USA
Executive Director

Mr Richard Adrey was an investment and merchant banker with Andreasen & Co., Kohlmeyer & Co., Mabon Nugent and a private investment company, Coastline Financial Partners for 30 years with specializations in mergers, financings and in turnarounds of distressed assets. He has been involved with numerous private and public companies, such as Piper Aircraft, Cynocom Corp, Telechips, Medisys, Versatech, VacationBreak, Fairfield Communities and Greystone Medical.

Mr. Adrey holds a B.S. in finance and held Officer and Board seats in several companies as an advisor.

Daniel Lanskey
Managing Director

Mr. Lanskey has been involved in senior management positions of Australian companies for over 10 years. He has also been involved in a number of companies which have developed international contracts and joint ventures in Asia, Europe and the USA.

Mr. Lanskey holds a post-graduate Business Degree. He is currently a director of a number of unlisted public and private companies. Mr. Lanskey is also a Director of International Energy Corporation and oversees the operations of AusTex Oil in Australia and the USA.

Patricia Kay Philip
Non-Executive Director

Kay Philip is a geophysicist whose background embraces project acquisition, financial analysis of resource projects and companies, mining exploration and management. Ms Philip has worked in the securities industry, conducting courses in Australia and South East Asia. She also has experience in the financial markets, involving rights issues and other capital raisings. She is an Honorary Associate at the School of Physics, University of Sydney, and has been a director of a number of listed and unlisted companies in the financial and oil and gas sectors.

Ms Philip is currently or has been a a director of Alexanders Securities Ltd (since 1985), Longreach Oil Ltd (since 1986) and Proto Resources and Investments Ltd (since 2006) - all ASX listed companies. Ms Philip was decorated by the French Government in 2005 with the award of Chevalier de l'Ordre National du Merite, for facilitating collaborations between French and Australian scientists. Ms Philip is a Senior Fellow of the Financial Services Institute of Australia ("FINSIA"), Member of the Australian Institute of Physics ("AIP"), Member of the Australian Society of Exploration Geophysicists (M.ASEG.), and Secretary of the Australian-French Association for Science and Technology ("AFAS").

Trevor Sykes
Non-Executive Director (appointed 11 August 2007)

Trevor Sykes was one of Australia's leading finance journalists until his retirement at the end of 2005. He has been Editor of The Bulletin, Editor-in-Chief of Australian Business magazine, assistant editor of the Australian Financial Review and Melbourne Bureau Chief of the Australian FinancialReview.

He is currently a Director of Mitchell Corporation, the largest trucking company in WA, specialising in logistics services for the resource industry. He was also a Director of the listed exploration company Copper Range Limited (August 2006 to October 2007). He is a member of the SA Mining & Petroleum Expert Group which promotes resource development in that state and a Patron of the Sydney Mining Club.