About Us

Board of Directors

Richard A Adrey - USA
Co-Managing 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.

Russell Krause
Non-executive Director

Mr Krause has over 25 years experience in Stockbroking and Investment Management with a primary focus on the resources sector.  He has held a number of Directorships and Senior Management position with a number of Australias leading firms.  For the passed ten years he has worked on a number of North American Oil and Gas projects in relation to Capital Raising and Corporate Advisory. 

Mr Mark Paton
Non-executive Director

Mark has 36 years’ experience in the oil and gas industry, both in the services, and exploration and production sectors and began his career with BP Exploration in 1980, as a Production and Commissioning Engineer before taking on other roles managing advanced production technology research projects, leading field development activities and assisting in the development of BP’s corporate plans and strategy.

In 1989, Mark joined BHP Petroleum and held positions including Well Services Supervisor, Production Manager and thereafter, as General Manager for BHP Petroleum’s Northern Australia Operations. His responsibilities included drilling, well completion, overseeing production from three Floating Production, Storage and Offloading (FPSO) production facilities and the management of the Darwin office and logistics base.

In 1997, Mark founded an oil and gas service company, Upstream Petroleum, with a colleague from BHP Petroleum. Upstream Petroleum became the dominant provider of operations, maintenance services and marginal field development solutions to the Australian oil and gas industry. The company grew rapidly to employ over 400 employees with offices in Darwin, Perth, Melbourne and Brisbane and an oil and gas service and logistics centre in Darwin.

In 2007, subsequent to the trade sale of Upstream Petroleum to the AGR Group ASA of Norway, the AGR Group sought Mark’s assistance to establish the company’s office in Kuala Lumpur, a first step by the company into the South-East Asia region. Mark served as AGR’s Managing Director in Asia Pacific for two years before returning to Australia as an independent consultant in 2009. After two years of independent consultancy work, in February 2011, Mark joined ASX-listed Cue Energy Resource Ltd as Chief Executive Officer.

In 2013 Mark joined Hibiscus Petroleum based in Kuala Lumpur, Malaysia as Chief Business Development Officer. In this role, as part of the executive leadership team, he assisted in the growth of this newly listed oil and gas company through the identification and acquisition of oil and gas assets for the company.

Mr Nick Stone
Non-executive Director

Nck Stone is a partner at California based Freestyle Investors which owns a 10% interest in AOK through Ptolemy Energy Holdings LLC.  Ptolemy is the largest shareholder in AOK.  Mr Stone was previously an investment banker with TPG Capital and KKR in the USA.  He hols an MBA from Stanford University and and Undergraduate Degree from Harvard University.  He is a member of the Audit and Remuneration Committees of AOK.