Directors

John L C McInnes OAM

BEcon, FIACC – Chairman and non-executive independent director

Mr McInnes is currently a director of Southern Cross Station Pty Ltd, Hillview Quarries Pty Ltd, Castlegate VGS Pty Ltd, Roy Morgan Research Pty Ltd and Haoma Mining NL Group. He has previously been Deputy Chairman of Pacific Hydro Ltd and Futuris Ltd.

Mr McInnes holds an Economics and Commerce degree form the University of Melbourne and is a Chartered Accountant. He was the founding partner of McInnes Graham & Gibbs, which in 2006 merged with Mutual Trust, of which he is now a director. He is a Fellow of the Institute of Chartered Accountants in Australia and in 2007 he was awarded a Medal of the Order of Australia in recognition of his services to the community.

Andrew R Adams

BSc, MBA, GAICD - Managing Director

Mr Adams has been with the Company since 2001. He was appointed chief executive officer on 19 August 2005 and was appointed managing director on 19 July 2006.

Mr Adams holds a Bachelor's degree in geophysics as well as an MBA and has worked in the upstream petroleum industry since starting as a geophysicist in 1979 in his native Canada. His experience spans both technical and commercial aspects of the business with large and small enterprises, including Amoco Canada, Santos Limited and Cue Energy Resources Limited.

He sits on the exploration committee of the Australian Petroleum Production and Exploration Association and is a member of the Petroleum Exploration Society of Australia.

Henry J Askin

BSc (Hons 1^st), PhD - Non-executive independent director

Dr. Askin has over 40 years of experience in the oil exploration industry, of which some 25 years were with the Shell Group of Companies. From 1990 until his retirement from executive duties in December 1997, he was exploration manager with Shell Development Australia in Melbourne, with responsibility for the conduct of the company's exploration programme. Throughout this period he was Shell's representative on the APPEA Exploration Committee and was a director of the various Shell companies established pursuant to operations in the Indonesia Australia Zone of Cooperation. Dr. Askin's previous appointments with the Shell Group spanned various international posts including general manager of Shell India.

While his career has ranged from seismic interpretation and prospect generation to senior management, Dr. Askin has contributed to the practice of geophysics in the wider sense, most notably in the co-authorship of a paper read at the EAEG meeting in Belgrade (1987) which received the inaugural best paper award. He is a life member of the Society of Exploration Geophysicists, an active member of the European Association of Geo scientists and Engineers, and a member of the Petroleum Exploration Society of Australia.

Dr. Askin was appointed Chairman of Central Petroleum Limited in April 2005.

J G (Jack) Tuohy

BCA, CA - Non-executive director

Mr Tuohy has over 20 years corporate experience in the oil and gas exploration and production and motor vehicle industries, acting as a director and company secretary. Over this period he has been involved in the various aspects of public and private company administration, especially as this relates to the oil and gas exploration and production sector and to public listed company activities, obligations and requirements.

Mr Tuohy holds a Bachelor’s degree in accountancy from Victoria University of Wellington and is a Chartered Accountant in New Zealand. He was based in New Zealand for the bulk of his career but relocated to Australia in 2008. Mr Tuohy currently acts as Company Secretary for a number of listed and unlisted Australian public companies, including Moby Oil & Gas Limited, Octanex N.L. and Exoil Limited. He is also a director of the unlisted public companies, Goldsborough Limited and National Oil & Gas Limited.