Governance

2012

YEAR OF INCEPTION

CHAD

COUNTRY OF OPERATION

1,782,855,000

BOE (2C CONTINGENT + MEAN PROSPECTIVE RESOURCE)

6 / 408

DISCOVERIES / PROSPECTS

1 / 4

PSC / LEASE BLOCKS

5,275,444

ACRES OF LEASED AREA

Corporate Governance

Our Board provides robust corporate governance and a measured approach to risk management.  The accountability of our Board to our shareholders focuses on ensuring a strong financial structure from which to conduct our business and create shareholder value.  The Board achieves these goals by approving corporate strategy and ensuring that the necessary resources are in place to achieve strategic goals and objectives.  It determines the Company’s key policies and reviews management and financial performance.

The Board operates within a structured model of control.  It is these clear defined procedures, lines of responsibility and delegations of authority that allow for corporate risk to be assessed and managed efficiently.  Additionally the Board works to set core values and standards of business conduct required to fulfill the group’s commitment to its stakeholders.

Board Committees

AUDIT COMMITTEE

  • Eric Klein – Chairman
  • Martin Molyneaux
  • Frank Bellotti

RESERVES COMMITTEE

  • Bruce Sherley – Chairman
  • William (Bill) Davis
  • Frank Bellotti

HEALTH, SAFETY, SECURITY & ENVIRONMENT COMMITTEE

  • Bruce Sherley – Chairman
  • William (Bill) Davis
  • Frank Bellotti

GOVERNANCE & COMPENSATION COMMITTEE

  • Harold (Sonny) Gordon – Chairman
  • William (Bill) Davis
  • Eric Klein
  • Frank Bellotti

CORPORATE POLICIES

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