Board

Don Durst Henrich BSc. Executive Chairman

Don is the president of Maverick Drilling Company (MDC) and has 37 years experience in contract drilling in Texas, Louisiana, Oklahoma, and other areas in the southwest of the United States. Don joined MDC in 1975 as vice president and was named president in 1977. He graduated from Tarleton University in 1968 with a Bachelor of Science degree in Business Administration. Don is a well known driller with extensive expertise in the United States drilling industry

Roger Brian Clarke BCom, CA. Vice Chairman – Independent non-executive director

Roger is the Vice Chairman of the board and has over 30 years commercial experience in the investment banking industry, with responsibilities in fund management, banking and corporate finance. He is also the chairman of the advisory board of RBS Morgans Limited, and has been involved in a significant number of initial public offerings, capital raisings and corporate transactions. His understanding of the Australian corporate finance sector brings a level of expertise that has proved pivotal in establishing the strategic investment focus of Maverick. Roger holds a Bachelor of Commerce degree and is a Chartered Accountant.

Roger is the Chairman of the Company's Audit and Risk Management Committee.

Brad Jay Simmons BSc. Executive Director

Brad formerly founded PetroSearch Energy Corporation where he was CEO and chairman of that company until his retirement in December 2004. Previous positions held by Brad include founder and CEO of American Energy Group, Ltd, founder and CEO of Simmons Oil Company, Inc. and Simmons Drilling Company, and founder and CEO of Cottonwood Energy Development Corporation. Brad graduated from Yale University in 1979 with a Bachelor of Science Degree in Administrative Science.

Lee Anthony Clarke CFP. Independent non-executive director

Lee is the principal and director of a private financial advisory and wealth management firm. He has almost 20 years of financial planning and wealth management experience, advising a select group of successful private families and investors. During his career, Lee has been involved in capital raisings and initial public offerings and brings strategic knowledge of the Australian investor market. Lee is a principal member of the Financial Planning Association and a Certified Financial Planner.

Lee is a member of the Company's Audit and Risk Management Committee.

Joseph Charles Camuglia BBus, CA. Independent non-executive director

Joseph Camuglia is a Chartered Accountant and Certified Financial Planner with over 25 years of experience. Joseph started his career with Price Waterhouse as an accountant and in 1990 he established his own wealth management business which he developed into one of the largest Hillross Financial businesses in Australia. Mr Camuglia holds a Bachelor of Business from Queensland University of Technology Brisbane and a Diploma of Financial Planning from Deakin University Melbourne.