Directors and Management

Richard Gazal, Chairman

Mr Gazal is executive director of 3C Capital, until late 2016 Richard was also executive director the Gazal Corporation a post he held for over 15 years.

Ric Malcom, Non-Executive Director

Mr Malcolm is a professional geoscientist with 34 years of varied oil and gas experience within seven international markets. He began his career as a Petroleum Geologist with Woodside Petroleum in Perth exploring for oil and gas on the Northwest Shelf. He spent ten years with Ampolex Limited (Perth and Sydney) as a Senior Explorationist and then Exploration Manager in Western Australia and Asset Manager in Northern & Eastern Australia. Following Mobil’s takeover of Ampolex, Mr Malcolm was appointed manager of Mobil’s assets in Papua New Guinea. Three years later he joined OMV, initially as Exploration Manager for Australia & New Zealand and later as Exploration & Reservoir Manager for OMV Libya, General Manager Norway and in 2006, Managing Director of OMV UK. Between 2008 and 2013, Mr Malcolm was CEO of Gulfsands Petroleum plc, an AIM listed production, exploration and development company with operations in Syria, Tunisia, Morocco, USA and Colombia. He is currently a Non-executive Director of Pura Vida Energy NL.

Jon Adgemis, Director

Mr Adgemis is a Partner at KPMG with over 16 years experience specialising in Mergers and Acquisitions across as range of sectors. He is currently National Head of Mergers and Acquisitions division which is a global market leader in advising clients in the mid market deal space.

Prior to KPMG Jon was at Gresham Partners, a corporate advisory and funds management group. Outside of KPMG, he has entrepreneurial interests currently spanning technology, property, film and mining. Jon is a Director at Eastern Property Group, with an extensive commercial property portfolio and a shareholder of Larus Energy.

Simon Kaiwi, Director

Mr Kaiwi is a PNG national who also sits on the board of the Company’s wholly-owned subsidiary, Larus Energy (PNG) Limited, and has done so for many years. Consequently, Mr Kaiwi knows the Company and its operations well.

He was the owner and operator of a successful security and communications company for over 20 years and during this time he also served as President of the National Alliance Party between 2003 and 2012 while Sir Michael Somare was the prime minister of PNG.

Mr Kaiwi is currently the chairman of National Finance Limited in PNG and the Solomon Islands, and is a current shareholder in Larus.

Matthew Azar, Company Secretary

Mr Azar has been in business and company secretarial consulting for several years and prior to that operated a successful business for 7 years following 10 years in management at the Australian Jockey Club.