The Board & Management
Mr David Lenigas,
Mr. Lenigas holds a Bachelor of Applied Science Degree in Mining Engineering. He has extensive experience operating in the public company environment and is currently a Director of Fastjet plc, Stellar Resources plc, Solo Oil plc and a Non Executive Director of Rare Earth Minerals plc.
Previously Mr. Lenigas held the position of Chairman of Mediterranean Oil and Gas plc, which is producing gas and condensate in Italy and holds extensive oil and gas resources in Italy, Malta, Tunisia and France. Mr. Lenigas is the Chairman of the Remuneration committee.
Mr. Neil Ritson,
Chief Executive Officer,
Mr. Ritson holds a Bachelors degree in Geophysics. He has worked in the energy sector for over 35 years, initially with BP plc, where he held the roles of International Chief Geophysicist, Head of Geoscience Research and Business Unit Leader for both Norway and Alaska Exploration.
Subsequently Mr. Ritson managed the international operations of Burlington Resources Inc. and more recently he was CEO at Regal Petroleum plc before founding the Vanguard Energy Group where he was Chairman and CEO. Mr Ritson is a member of the Audit committee.
Mr. Steve Horton,
Non Executive Director,
Mr. Horton holds a Bachelor of Science degree in Mining Engineering and a Master of Science in Business Administration. Mr. Horton has more than 35 years’ experience working in the energy industry around the world, including 27 years with BP plc where he held several executive roles including worldwide Director of Drilling.
He co-founded Silverstone Energy Limited in 2005, a North Sea focused exploration and production company, which grew from start-up through operated exploration and development to production within four years. Mr Horton is the Chairman of the Audit committee and is a member of the Remuneration committee.
The Audit Committee is responsible for overseeing the Group’s financial reporting disclosure process; this also includes the choice of appropriate accounting policies. It also monitors internal financial controls as well as overseeing hiring, performance of the external auditors The Audit Committee comprises of two Directors.
Audit Committee Members
Steve Horton (Chairman)
The Remuneration Committee is responsible for making recommendations to the Board on the remuneration for Directors and Senior Management. Financial packages for Directors are established by reference to those prevailing in the employment market for executives of equivalent status both in terms of level of responsibility of the position and their achievement of recognized job qualifications and skills. The Committee will also have regard to the terms which may be required to attract an equivalent experienced executive to join the Board from another company. It comprises of three Directors.
Remuneration Committee Members
David Lenigas (Chairman)
The Directors do not consider that, given the size of the Board, it is appropriate to have a Nomination Committee. The appropriateness of such a committee will however, be kept under regular review by the Board.