Board Members and Key Personnel

Mr Goh Hock: Chairman
Until recently, Mr Goh was President of Network and Infrastructure Solutions, a division of Schlumberger Limited, based in London with revenue in excess of US$1.5 billion. He had global responsibility of Schlumberger's outsourcing services, security, business continuity and networked related business units.

Prior to that, Hock was President of Schlumberger Asia based in Beijing, China where he managed their Asian operations consisting of a broad range of services including oil field services, outsourcing, financial software and smartcards. Hock was responsible for US$800 million in revenue and more than 2,000 employees spread across 17 countries.

In his 25 year career with Schlumberger, Hock held several other field and management responsibilities in the oil and gas industry spanning more than ten countries in Asia, the Middle East and Europe. Hock started as an oil field service engineer in Indonesia in 1980 before moving to Australia where he worked on the rigs in Roma, Queensland, Bass Strait in Victoria and the Northwest Shelf, offshore Western Australia.

Mr Goh is also an operating partner with Baird Capital Partners, the U.S. based buyout fund of Baird Private Equity, providing change-of-control and growth capital to middle-market companies. Baird Private Equity has raised and managed $1.7 billion in capital. He also serves on the Board of Xaloy Holdings, a US based steel components manufacturer for the plastic industry. He received his B Eng (Hons) in Mechanical Engineering from Monash University, Australia. He also completed an Advanced Management Programme at INSEAD/ France in 2004.

Hock is also serving as Chairman of MEC Resources Ltd (ASX: MMR), and Non-Executive Director of BioPharmica Ltd (ASX: BPH).

Mr David Breeze: Executive Director
David has extensive experience in transaction structuring, corporate advisory and funding for listed and unlisted companies and has held executive, consulting and/or board positions across a range of stockbroking companies in Australia including Daiwa Securities, Eyres Reed McIntosh and BNZ North's.

David Breeze has provided capital raising, valuation and corporate advisory services for a wide ranging group of resources companies including Independent Experts reports for asset valuation under the provisions of the Australian Stock Exchange Rules and Corporations Law. The advisory function included advice on corporate structure, ASX listing rules and the structuring and running of IPO's. He has also published in the Australian Securities Industry Journal on resource valuation.

David has worked on the structuring, capital raising and public listing of over 80 companies involving in excess of $250 million. These capital raisings covered a diverse range of areas including oil and gas, gold, biotechnology and manufacturing. David Breeze is Chairman of Grandbridge Ltd, a publicly listed investment and advisory company, and an Executive Director of BioPharmica Ltd (ASX: BPH) and MEC Resources Ltd (ASX: MMR).

He holds a Bachelor of Economics and a Masters of Business Administration (MBA) and is a Member of the Australian Institute of Management, a Senior Associate of the Financial Services Institute of Australasia and a Fellow of the Institute of Company Directors of Australia.

Mr Seng Yap: Non-Executive Director
After graduating from Kyoto University, Seng Yap was employed by Schlumberger Limited, working in international Oil and Gas exploration projects across Asia, Australia and New Zealand. He worked as an International Staff Engineer at various Schlumberger onshore and offshore locations in Indonesia, Brunei, Japan, Australia, New Zealand and Papua New Guinea. He was Engineer in charge of land operations in Western Australia, and worked in Brunei as Engineer-in-Charge.

Seng was head of the joint venture between the NSW Investment Corporation and the venture capital operation of Daiwa Securities. He was Executive Director of Daiwa Securities Australia Limited and was instrumental in the establishment of the Australian stockbroking operations for the company.

Seng also worked as a senior advisor to leading venture capital groups and multi-nationals in Australia, Japan and China, advising on corporate, investment and development strategies. Mr Yap, in his former investment banker role, was the leader in a series of transactions worth in excess of AU$500 million. He has also been on the Board of several resort management companies. Seng is currently a Director on the Board of a Japanese Coca-Cola Bottler with an annual turnover of about one billion dollars. He is also a Director for ASX listed MEC Resources Ltd and a number of unlisted companies in Australia, Japan and China. Mr Yap was also an Associate of the Securities Institute of Australia and a Fellow of the Australian Institute of Company Directors.

Mr Eng Hin Tan: Non-Executive Director
Eng Hin Tan commenced his career with Schlumberger where he was employed as Oil Field Exploration Field Engineer in Brunei operations. He was subsequently appointed to significant management positions with Schlumberger throughout the region, including Sumatra, Kuala Lumpur, Bombay and Jakarta.

Since leaving Schlumberger he held positions of Technical Director and Managing Director, and Asia Pacific Sales Director for a range of corporations.

Eng Hin Tan currently controls his own private equity investment company.

Ms Deborah Ambrosini: Company Secretary
Deborah is a corporate accountant with over 10 years experience in accounting and business development spanning the biotechnology, mining, IT communications and financial services sectors.  She has extensive experience in financial and business planning, compliance and taxation.  Deborah is a member of the Institute of Chartered Accountants and also holds the position of Company Secretary for other publicly listed entitites BioPharmica Limited, Grandbridge Limited and MEC Resources Limited.

Advisory Panel

Mr Ding Guiming
MEC has appointed Mr Ding Guiming, a former President of the world's largest oil producers (and former senior Chinese Government Ministerial official) as Chairman of its Advisory Panel.

Mr Ding was the former Head of Exploration for the China National Petroleum Company (CNPC), where he directed the exploration activity of more than 20 oilfields all over China. CNPC recently announced USD 86 billion in revenue. In addition to being President of the Daqing Oilfield, one of the largest and most profitable enterprises in China, Mr Ding has had 34 years of extensive, successful oilfield experience.

Mr Ding last served as Commissioner of the China State Asset Administration Office, where he reported directly to the Prime Minister's office. He supervised the reform of BaoSteel, Wuhan Steel and ChangJiang Shipping, all of which were major Chinese state enterprises. He retired from this position in 2004 achieving the rank of Vice Minister. Prior to that, Mr Ding was Assistant President of CNPC in Beijing from 1997 to 1998 where he oversaw the exploration and production bureau of CNPC oilfields in China.

Before moving to CNPC, he was the President of Daqing Oilfield, the biggest oilfield in China with production of 1.2 million barrels per day. In this capacity, Mr Ding managed the oil company as well as the service companies of Daqing Oilfield.

Mr Ding graduated from Chengdu Geology University majoring in geology. He is also Director of LianZhongYisheng Petroleum Exploration Co. Ltd, a Beijing based company.

Mr David J. Orth
Mr Orth has nearly 30 years of experience in the oil and gas industry beginning as an exploration geologist with Amoco International Oil Company from 1979 to 1985 based first in Houston where he dealt with West Africa and the Middle East and later in London handling the North Sea. He joined BHP Petroleum in 1985 and was responsible for exploration and operations in South East Asia and the Middle East as Exploration Manager prior to being seconded to Canada for a year and returned to Melbourne to assume the responsibility for Asian activities concentrating on China new business development.

After a brief stint with Triton Energy as their General Manager in China, he established International Petroleum Consulting in 1996 to handle project management and technical assessments in Australia and the Middle East to include north-eastern Africa. For the past four years he has been an Executive Director and Chief Operating Officer for Carnarvon Petroleum. He is the current CEO and sits on the Board of an R&D company, Coretrack, as well serving as Managing Director of Pan Pacific Gold which has extensive holdings in China.

Mr Tom Fontaine
Mr Fontaine is a reservoir engineer with over 20 years of experience in project evaluation management, development and capital raising.

Mr Fontaine has been part owner of petroleum engineering companies Epic Consulting in Canada and Focal Petroleum in Australia and has provided technical services to many companies worldwide.

He is also primarily responsible for the startup and subsequent listing on the Australian Stock Exchange of Bounty Oil & Gas NL in 2002, and Coal Bed Methane Company Pure Energy Resources Pty Ltd in 2007.

Mr Clem Allsworth
Clem Allsworth is the principal of Australian Petroleum Landman Pty Ltd, (APL) which provides petroleum exploration companies with a range of practical services which include assistance in the acquisition of petroleum tenement titles, compliance with the conditions to which those titles are subject, joint venture requirements, dealings and transfers affecting petroleum titles, procurement of various contracts for the performance of work required to be carried out in or in relation to petroleum title areas, reporting requirements and liaison with government personnel administering such titles.

In the provision of such services Mr Allsworth draws on over 30 years of knowledge, experience and contacts obtained and developed by, including whilst working for the Woodside group of companies for 18 years. APL has performed work for a variety of Australian and overseas based petroleum exploration companies. Although most of the services performed for these companies were in connection with the registration of dealings against Petroleum Titles, Clem has also provided services relating to Drilling Contracts, Farmin/Farmout Agreements, Joint Operating Agreements, an Oil Offtake Agreement, obtaining suspensions of Permit conditions and the preparation and completion of dealing and transfer documents to enable companies to become registered Permittees and attending to stamp duty requirements.

Fred Kroh
Fred was formerly Project Leader of the Geophysical Processing and Data Access Project with Geoscience Australia. Fred's interests are in seismic processing for AVO analysis, seismic and bathymetric data acquisition, processing, management and access. He has co-authored or contributed to a number of articles, abstracts and publications including the following: Kroh, F., and Williamosn, P. E., 2006B "C Preliminary AVO results from the Caswell Sub-basin northwest Australia. Preview, October 2006, 16-18; and Kroh, F., and Williamosn, P. E., - The role of amplitude versus offset technology in promoting offshore petroleum exploration in Australia. "C APPEA Journal 2007, Part 1 page 161 - 174

Jim Dirstein
Has a B.Sc. from the University of Toronto (Geology and Geophysics). With more than twenty-five years of international experience in the oil industry including the last twelve years as the founder/director of an independent geophysical consulting company, Jim has developed an eclectic set of technical and business skills working in a diverse range of geological and corporate settings. He has a proven track record with both small and large companies identifying, and applying, new and existing technology to improve corporate exploration/exploitation work flows. His broad technical skill-set and project management skills enable his consultancy (Total Depth) to provide a variety of services which include 2D/3D project work for prospect generation/appraisal/development, training, software support and business development to a large and diverse client base internationally in Petroleum and locally with Australian petroleum and minerals (Bowen Basin Permian Coal) companies.

Key Management

Mr Heng Yu Senior Geologist
Mr Yu has over 20 years experience in the Oil and Gas Industry and has held senior positions for a number of highly regarded companies in China.

Mr Yu joins MEC as the Senior Geologist and brings with him advanced skills in Geology Fundamentals, Modelling, Reserves Calculation, correlation and analysis. His strengths lie in Borehole image processing and interpretation, multiwell correlation and interpretation, as well as integrated reservoir analysis.

Mr Yu has been involved in and contributed to a number of professional publications for projects in China. Mr Yu holds a Bachelor Degree in Geology from the Southwest Petroleum Institute in China.

Mr Tobias Foster Corporate Development Manager
Tobias has nearly ten years of experience in the resources industry, having previously assumed the role of Operations Manager of a geochemical consultancy / research organisation before consulting to various resources and technical organisations. He has strong experience in business development, technical marketing and commercial development, having presented and represented organisations at numerous Australian and International resources industry symposia.

He holds a Bachelor of Science from the University of Western Australia, and a Master of Business Administration from Curtin University Graduate School of Business.