BOARD OF DIRECTORS

The Board of Directors (the Board) has the overall responsibility to shareholders for all governance matters of the Group. The Board remains primarily responsible for the strategic direction and financial aspirations of the Group, whilst delegating the responsibilities of management to the Chief Executive Officer and the senior management team.

The Board aims to fulfil its responsibilities by creating value for all stakeholders that is sustainable and beneficial. Stakeholders include shareholders, employees, customers, the community and the environment.

The Board has adopted a Charter (the Board Charter) that includes amongst other items, the specific roles and responsibilities of the Board. The Board Charter is available by clicking here.

Mr Greg Lewin

Chairman, Non-Executive Director BE (Chem), MBA, FREng, FIChemE

Mr Lewin's career spans 34 years with Royal Dutch Shell, including time in The Hague. He was President of the Institution of Chemical Engineers from 2006 to 2007. In 2010 he was admitted as a Fellow of the Royal Academy of Engineering. He is a Board member of Amber Holdings Limited ("New Alinta") and an Executive Director of Sapphire Global Pty Ltd.

Tim Granger

Chief Executive Officer and Managing Director, B.Sc. (Mechanical Engineering)

Mr. Granger has over 30 years' experience in North American oil and gas exploration and production operations and asset management. Most recently he held the position of President and Chief Executive Officer of the TSX listed Compton Petroleum Corporation. Prior to that he held the position of Chief Operating Officer of PrimeWest Energy Trust.

Mr Maxwell Beck AM

Non-Executive Director

Mr Beck was the founder of Becton Property Group, a highly respected and successful property development, construction and investment company. In June 2006 he was awarded The Member of the Order of Australia (AM) medal for his services to the construction and property development industries, and to the community through fund raising and executive roles in a range of organisations and charities. In March 2009, the Victorian Premier appointed him Chair of the Victorian Bushfire Advisory Reconstruction Board for the Black Saturday Bushfires.

Mr Garry Cameron

Non-Executive Director PSM, BBus (A/c), BEco (Hons), MEco, FAICD, FCPA

Mr Cameron currently holds non-executive directorships with various companies, including ANZ Specialised Asset Management Ltd, ANZ Business Equity Fund Ltd, AHS Hospitality Ltd and Heemskirk Consolidated Limited. He was recognised in 1992 on the Australia
Day Honours list for his contribution to finance and telecommunications, and is a director of Richmond Football Club.

Mr Glenn Ross

Alternate Director to Maxwell Beck

Mr Ross currently manages the non-property investments for Beck Corporation Pty Ltd. His background is in commodity trading, having worked with Cargill in Australia and Japan covering both soft commodities, and metals and minerals and prior to that with Rio Tinto Minerals.

Mr Brian Straub

Non-Executive Director BSc (Petroleum Engineering)

Mr Straub possesses over 32 years' experience across Canadian and global oil and gas ventures, and recently retired as President - Shell Canada Limited and Canada Country Chair - Royal Dutch Shell. While with Shell he gained broad exploration and production experience holding positions in key technical functions including drilling, production and HSE, as well as critical business functions such as marketing, JVs and business development.