Directors

Mr P R Botten, B.Sc. ARSM, (Managing Director) 52 years

Mr Botten was appointed Managing Director on 28 October 1994, having previously filled both exploration and general manager roles in the company since joining in 1992.  He has extensive worldwide experience in the oil and gas business, previously holding various senior technical and managerial positions in a number of listed and government owned organisations. Mr Botten is presently President of the Papua New Guinea Chamber of Mines and Petroleum and is on the Executive Committee of the Australia PNG Business Council.

Ordinary shares fully paid: nil; Options: nil; Performance Rights 1,799,091

Mr F Ainsworth, AM, B.Comm., F.A.I.C.D., F.C.P.A. 61 years

Mr Ainsworth joined the Board in October 2002.  Mr Ainsworth has extensive energy and resources industry experience.  He spent 26 years with CSR Limited, mainly in CSR's resources businesses, including 7 years in CSR's Oil and Gas Division, and 5 years as Managing Director of Delhi Petroleum Pty Ltd ("Delhi").  When CSR sold Delhi he became Managing Director and CEO of Sagasco Holdings Limited, then the 4th largest oil and gas company listed on the ASX.  In 1994 he co-founded Potential Energy Pty Limited, an energy consulting business, and remains an executive director of that company. Mr Ainsworth is also Chairman of Horizon Oil Ltd and a non-executive Director of Envestra Ltd (both ASX listed companies) and, from 1 January 2006, Chairman of the unlisted Tarac Australia Ltd.  He was formerly Chairman of SA Generation Corporation (the South Australian Government owned coal mining and electricity generating Corporation).

Ordinary shares fully paid: nil; Options: nil

Mr G Aopi, CBE, 53 years

Mr Aopi was appointed an Executive Director in May 2006 and presently fills the position of Executive General Manager, Government and Public Affairs, a post he took up in August 1998.  Mr. Aopi has substantial public service and business experience in Papua New Guinea, having had a long and distinguished career in government, filling a number of important positions, including Secretary for Finance and Planning and Managing Director of Telikom PNG Ltd.  He is presently Chairman of Telikom PNG and is a Director of Steamships Trading, Bank of South Pacific and a number of other private sector and charitable organisations in Papua New Guinea.

Ordinary shares fully paid: 35,100; Options: nil; Performance Rights: 199,072

Mr KG Constantinou, OBE, 50 years

Mr Constantinou joined the Board in April 2002.  Mr Constantinou is a prominent business figure in Papua New Guinea, holding a number of high level public sector and private sector appointments.  He is a director of various companies, including Hebou Constructions Limited, Airways Hotel & Apartments Limited and Lamana Hotel Limited.  He is also Deputy President of the Employers Federation of Papua New Guinea, a director of the Bank of Papua New Guinea, Chairman of the National Capital District Physical Planning Board, Honorary Consul for Greece in Papua New Guinea and Trade Commissioner of Solomon Islands to Papua New Guinea. 

Ordinary shares fully paid: 12,000; Options: nil

Mr R Igara, CMG, M.B.A, B.E., Grad.Dip.(International Law), 54 years

Mr Igara joined the Board in April 2002.  At that time he was one of Papua New Guinea's most highly placed civil servants and he has extensive experience in the public sector. He served as a diplomat in Fiji and Australia and as the Secretary to the Department of Trade & Industry.  He was formerly Chief Secretary to the PNG Government, Acting Secretary for Treasury and Chairman of Mineral Resources Development Company Limited. Mr Igara was an independent director of Orogen Minerals. He has also held Chairmanships of other Boards, including Chairman  of the Boards of PNG Investment Promotion Authority, National Forest Authority and PNG/Halla Cement Corporation.  He was a member of the Board of the Bank of Papua New Guinea from 2001 to 2005, and a director of PNG Sustainable Energy Ltd since 2004.  He has been the Chief Executive Officer of PNG Sustainable Development Program Ltd since November 2002, a company which has a 52% interest in Ok Tedi Mining Ltd. 

Ordinary shares fully paid: nil; Options: nil

Mr MD Kriewaldt, B.A., Ll.B., F.A.I.C.D., 57 years

Mr Kriewaldt joined the Board in April 2002.  Mr Kriewaldt was a director of Orogen Minerals Limited and provides advice to Allens Arthur Robinson. He is Chairman of Opera Queensland Limited and a director of GWA International Limited, Suncorp Metway Limited, Campbell Brothers Limited and Peptech Limited.  He has previously served as a director of QDL Limited, Chairman of Suncorp Insurance and Finance, Chairman of Infratil Australia Limited, Hooker Corporation Limited and Airtrain Citylink Ltd.

Ordinary shares fully paid: 12,000; Options: nil

Mr J L Stitt, M.A. FAICD, 64 years

Mr Stitt joined the Board in April 1998. He has extensive experience in the international oil and gas business, having worked for 33 years with the Royal Dutch/Shell Group of companies including inter alia being responsible for Shell's world wide procurement, Director of Finance for Shell Australia, and President and CEO of Shell Japan.  Mr Stitt is a former director of Woodside Petroleum Limited, Mitsubishi Chemicals K.K. and Showa Shell Sekiyu K.K.

Ordinary shares fully paid: 9,600; Options: nil

Mr TN Warren, B.Sc (Hons), 57 years

Mr Warren joined the Board in May 2006.  Mr. Warren has had a long and distinguished career with the Shell Group of Companies, spanning many different areas of its business.  He retired as Chairman of the Shell companies in Australia and the Pacific Islands on 1 April 2006, after more than 35 years with the Group.  Prior to becoming Chairman in 2002, Tim served as Business Director for Asia-Pacific and Australasia (2001-2002), Director of Exploration and Production Research and Technical Services (1995-2001), General Manager Western Division of the Shell Petroleum Development Company in Nigeria (1993-1995), and General Manager Operations for the Shell Petroleum Development Company in Nigeria (1992-1993).  Tim also held various other senior positions within the Group and was a member of Shell’s Global Executive Committee for the Exploration and Production Business based in the Netherlands (1995-2002).  Tim was previously a director of Woodside Energy Ltd.

Ordinary shares fully paid: nil; Options: nil