Ray Shorrocks B.A. History/Philosophy (Hons), M.B.A. Finance
Appointed: Non-executive Chairman 31 March 2018
Non-executive Director on 2 December 2013.
With over 20 years’ experience working in the investment banking industry, Ray is highly conversant and experienced in all areas of mergers and acquisitions and equity capital markets, including a significant track record of transactions in the metals and mining, industrials and property sectors.
Ray is a non-executive director of Estrella Resources Limited, Draig Resources Limited, Indago Energy Limited and a number of private companies. Ray is former director and head of the corporate finance department of Patersons Securities Limited in Sydney.
Non-Executive Chairman on 30 October 2013.
Dr King was a founder and director of Sapex Ltd, Gas2Grid Ltd and Eastern Star Gas Ltd. He has substantial natural resource related experience, having previously served as managing director of North Flinders Mines Ltd and CEO of Beach Petroleum and Claremont Petroleum.
Dr King is a Fellow of the Australian Institute of Company Directors; a Fellow of the Australasian institute of Mining and Metallurgy; and a Fellow of the Australian Institute of Geoscientists. Dr King is currently non-executive Chairman of Cellmid Ltd, Litigation Capital Management Ltd, and African Petroleum Corporation Ltd.
Non-executive director on 24 September 2013.
Peter holds a Bachelor of Petroleum Engineering (Honours) degree from the University of NSW and has over 25 years experience in conventional and unconventional exploration and development, working with Comet Ridge Ltd, Eastern Star Gas (ESG), Origin Energy and Santos. He has significant expertise in subsurface engineering, asset valuation, field development planning and commercial and corporate finance. In his past role at Origin, in the key management position of chief petroleum engineer, he had responsibility for delivering the corporate year end petroleum reserves report and ensuring that consistently high standards in sub-surface engineering were maintained across that company’s assets. In his recent role as executive director at ESG, Peter had overall engineering responsibility for the exploration and pilot development of the company’s CSG assets in NSW which resulted in certifying 3P reserves of over 3500 PJ over a 5 year period, and saw the company grow to a $900 million market capitalisation.
Stephen Kelemen B.E. (Mechanical)
Appointed: Non-executive Director on 31 March 2018.
Stephen has a B.E (Mechanical) from the University of Adelaide. He has a diverse petroleum industry experience across reservoir, development, operations and exploration developed through his 38 year career with Santos Ltd. Notably he led the company in gaining a foothold in CSG and other Unconventionals, including the 2005 acquisition of Tipperary Oil & Gas, the concept of CSG to LNG and evaluating plays and acreage with the potential to deliver reserves.
Stephen is a non-executive director of Advent Energy, an Adjunct Professor for CCSG (Centre for Coal Seam Gas) at UQ, and Deputy Chair – Petroleum for Queensland Exploration Council. He has been Chairman of SPE Australian/NZ Council, Chairman SA Section of SPE, member APPEA Operating and Safety Committee, President of QUPEX, and member CCSG Strategic Advisory Board.
SPE The Society of Petroleum Engineers
AMIE American Institute of Mining, Metallurgical and Petroleum Engineers
APPEA Australian Petroleum, Production and Exploration Association
AICD Australian Institute for Company Directors