Board of Directors

Appointed Managing Director on July 23, 2007.

As Operations Manager for Brookfield Equipment Company, Mr Smith has been involved in a number of major mining projects such as the Ivanhoe Copper Company's mine in Myanmar and the Ernest Henry mine in north Queensland. He was the General Manager of Eastern Coal Holdings (NZ) Limited, overseeing the Eastern group's coal operations and coal exploration activities in New Zealand, before his appointment to the position of Managing Director in July 2007.

Appointed Non-Executive Chairman on June 21, 2010

Mr Koroknay has more than 30 years' experience in the international oil and gas industry, initially with Esso, where he became Technical Manager of their upstream activities in Australia, and later with Bridge Oil Limited where he rose to Executive Director – Resources. Mr Koroknay founded Anzon Energy and Anzon Australia, companies engaged in oil and gas development and production.

Mr. Koroknay was a non-Executive Director and Chairman of CIM Resources, a coal mining company in the Gloucester Basin, NSW. He also consulted to Transfield in respect of their coal seam gas assets in Queensland.

Prominent in business, industry and professional organisations, Mr Koroknay is a Fellow of the Australian Institute of Company Directors, and the Institution of Engineers Australia. He is a former councillor of the Australian Petroleum Production and Exploration Association and a former chairman of the Advisory Board for the School of Petroleum Engineering at the University of New South Wales. Mr Koroknay is also a non executive director of Innamincka Petroleum Limited, Cue Energy Resources and Metgasco Limited.

Appointed Non-executive Director on 21 June 2010.

Mr Rathie was previously Non-Executive Director of Galilee Resources Limited. He has extensive experience in operational aspects of oil, gas and coal seam gas. He was previously in management roles with BHP Petroleum following a career in geological and well services. He was also Managing Director of Upstream Petroleum and CEO of AGR Asia Pacific. Mr Rathie acted as . Operations Manager for Sunshine Gas in its initial conventional gas and CSG exploration in the Surat and Bowen Basins, providing the engineering and field teams for these projects. Mr Rathie was awarded the Australia Medal in the Queen’s Birthday honour list June 2010 for services to the oil and gas industry.

Appointed Non-executive Director on 21 June 2010.

Mr Camarri was previously non-executive director of Galilee Resources Limited. Mr Camarri has extensive experience in banking, funds management and general finance with specialised banking experience concentrated on commercial business and property portfolio management. Mr Camarri is currently Financial Controller of Ekco Investments Pty Ltd.