Directors & Management

Mr Kim W McGrath

BEc(Hons) LLB FAICD FTIA CPA

Experience

Non-Executive Chairman, age 53

Mr McGrath is an internationally experienced resources finance and investment banking executive.

He is the Managing Director of Delta Corporate Finance Pty Limited a specialist advisory group based in Sydney with active business interests in Australia and the UK.

His prior positions in Australia have included legal roles with Comalco and ICL, General Counsel and Company Secretary of Bank of America Australia, General Counsel with Bell Resources responsible for negotiating international lines of finance and business acquisitions, and in strategy and development as General Manager, Strategy and Planning with Industrial Equity.

During the mid 1990’s Mr McGrath was based in London and worked on the restructure of companies in eastern Europe and particularly on major operations in CIS metals and oil trading, and associated financing in both London and Geneva.

Since returning to Australia in 1998, Mr McGrath continues to hold full practising certificates as a Solicitor in both England and Wales and in Victoria, as well as holding Australian accounting qualifications as a CPA.  He has also completed the Advanced Management Programme at Oxford University and is a Fellow of the Australian Institute of Company Directors where he has successfully completed their Company Directors Course Diploma.  Mr McGrath is the chairman of Redbank Mines Limited and CVC Property Managers Limited.

Mr Neil F Doyle

BEng MEngSc MSPE, MSME

Experience

Non-Executive Director, age 53

Neil Doyle is an energy specialist with both significant upstream and investment banking experience in the sector.

He is a qualified engineer with post-graduate qualifications in geomechanics (Monash University) with significant operations experience covering both the upstream (onshore and offshore) oil and gas sector notably with BHP Petroleum & Esso Exploration and Production Australia and also in the downstream refining products / LPG sector with Shell Australia.  Subsequently, he has held senior management roles at commercial, technical and business development levels with a number of diversified resources groups and investment banks – specialising in energy related merger and acquisition and capital raising transactions.

Since the early 1990’s he has over 13 years experience in energy-related financial markets including investment banking and corporate finance.  This experience included all aspects of equity capital raisings, project finance, resources deal structuring – including international cross-border transactions and both initiating and advising on significant mergers and acquisitions within the energy sector within Australia and New Zealand.  In the later capacity his last role prior to leaving JPMorgan in 2002, was as Senior Vice President in the Energy Mergers and Acquisitions department and a member of their Global Energy Investment Banking Team.

Previously, Mr Doyle has had ASX listed public company experience within the junior resources sector at Managing Director level prior to joining Patersons Securities Limited in March 2004, as Director Corporate Finance based in Melbourne.  Mr Doyle has been a continuous Member of the Society of Petroleum Engineers, USA since 1981.

Mr Graeme Menzies

LLM

Experience

Non-Executive Director and Company Secretary, age 57

Mr Menzies is a solicitor practicing in the area of commercial law.

He graduated from Melbourne University in 1971 and qualified for admission to the degree of Masters of Laws in 1975. He was admitted to practice in 1972. Since 1987 he has carried on practice as a sole practitioner under the name of Menzies & Partners. In the course of his legal practice, Mr Menzies has been involved in a wide range of activities, including takeovers, litigation in respect thereof, numerous capital raisings and corporate reconstructions. He has been involved in the listing or relisting of a large number of public companies both industrial and mining. These have ranged in the mining area, from reconstructing and listing junior exploration companies, to being involved in the listing of more significant mining companies. In the general industrial arena companies which Mr Menzies has been involved in listing or relisting have been involved in manufacturing services, high technology, services, high technology generally and, more specifically, biotechnology. Mr Menzies is a director of Moby Oil & Gas Limited and Exoil Limited and a number of unlisted public companies.

Ms Melanie J Leydin

B.Bus CA

Experience

Ms Leydin is a Chartered Accountant and principal in a chartered accounting firm specialising in audit and company secretarial services.  Ms Leydin has 15 years experience in the accounting profession and is a director and company secretary for a number of junior mining and exploration entities listed on the Australian Stock Exchange.

Mr Geoff Geary

B.Sc (Geology), MPESA

Experience

Geoff Geary is a consultant petroleum geologist (formerly with Oil Company of Australia and Mobil Oil) of 26 years standing and has a Technical Services Agreement through his company Focus on Australia Pty Ltd.  He has had significant experience in company mergers, acquisitions, acreage promotion and farmouts in his career, both with smaller national companies and with major multi-nationals.  He is experienced in sedimentary basin analysis, sequence stratigraphy, structural geology, seismic interpretation, basin modeling and oil and gas field evaluation and development.