The Board of Directors currently comprises three Executive Directors and one Non Executive Director. The Directors are of the opinion that the Board comprises a suitable balance and that the recommendations of the Combined Code have been implemented to an appropriate level. The Board maintains regular contact with its advisers and public relations consultants in order to ensure that the Board develops an understanding of the views of major shareholders about the Company.
Mr. David Lenigas, Executive Chairman, Age 53
Mr. Lenigas holds a Bachelor of Applied Science Degree in Mining Engineering. Currently the Executive Chairman of of Lonrho plc LonZim Plc, Leni Gas & Oil Plc, Solo Oil Plc and Lonrho Mining Limited and is an Executive Director of Vatukoula Gold Mines Plc and a Non Executive Director of Rare Earth Mineral plc. Previously Mr. Lenigas held the position of Chairman of Mediterranean Oil and Gas plc, which is producing gas and condensate in Italy and holds extensive oil and gas resources in Italy, Malta, Tunisia and France. Mr. Lenigas is the Chairman of the Remuneration committees.
Mr. Neil Ritson, Chief Executive Officer, Age 58
Mr. Ritson holds a Bachelors degree in Geophysics. He has worked in the energy sector of over 33 years, initially with BP plc, where he held the roles of International Chief Geophysicist, Head of Geoscience Research and Business Unit Leader for both Norway and Alaska Exploration. Subsequently Mr. Ritson managed the international operations of Burlington Resources Inc. and more recently he was CEO at Regal Petroleum plc before founding the Vanguard Energy Group where he was Chairman and CEO.
Mr. Garry Stoker, Chief Operating Officer, Age 47
Mr. Stoker is a Chartered Engineer with a Bachelors Degree in Control Engineering and an MBA. He has worked in the energy sector for over 20 years in onshore and offshore roles in UK, India, Nigeria and North Africa. Initially with Occidental Petroleum Corporation, Mr Stoker has set up and managed international E&P operations and has held senior operational, project delivery and commercial roles with BHP Billiton, Kellogg Brown and Root, Centrica and most recently with the BG Group as their COO in India and latterly in Tunisia.
Mr. Donald Strang, Finance Director, Age 46
Mr. Strang holds a Bachelor of Commerce degree from the University of Western Australia and a Graduate diploma from the Securities Institute of Australia. He is a qualified chartered accountant with 20 years’ experience in the financial and natural resources sectors including extensive experience with AIM. Mr. Strang has previously held finance positions within several mining companies and Ernst and Young. Mr. Strang is a member of the Audit and Remuneration committees.
Mr. Steve Horton, Non Executive Director, Age 60
Mr. Horton holds a Bachelor of Science degree in Mining Engineering and a Master of Science in Business Administration. Mr. Horton has 34 years experience working in the energy industry around the world, including 27 years with BP plc where he held several executive roles including worldwide Director of Drilling. He co-founded Silverstone Energy Limited in 2005, a North Sea focused exploration and production company, which grew from start-up through operated exploration and development to production within four years. Mr Horton is the Chairman of the Audit committee and is a member of the Remuneration committee.