Appointment of Director and COO

Mrs Raewyn Clark has been appointed as a Director and Chief Operating Officer of the Company.

Mrs Clark has more than fifteen years experience focussed primarily on the upstream oil and gas sector. Mrs Clark’s experience includes business development, financial modelling and analysis, capital raising and mergers and acquisitions as well as managing joint venture partners, government, regulator and investor relations.

Mrs Clark commenced her career with Deloitte and has worked with oil and gas companies since 2005. She has held the position of Commercial Manager with Octanex for the past two years and has been highly instrumental in the formulation and advancement of the Ophir investment and the associated financing and management of that venture.

Mrs Clark is a member of the Institute of Chartered Accountant in Australia and the Governance Institute of Australia.

Mrs Clark will add her specialist expertise and corporate experience to the Board, increase its compliment to five and bring a wide range of operational, commercial and project development knowledge, as well as and oil and gas industry experience, to the Company.

PURSUING NEAR TERM PRODUCTION