Sue Graham has many years experience in the oil and gas sector. She joined Merrill Lynch in 1986 and was Managing Director and Global Head of the Energy Team from 1998 until her retirement in 2003. During her 27 year City career, she gained extensive experience in both primary and secondary equity markets on a global basis. This included lead roles in the privatisations of British Gas, Britoil, CNOOC, Elf Aquitaine, ENI, MOL, Norsk Hydro, OMV, Petrobras, Repsol, Total and YPF. She assisted in the introduction of Enterprise Oil and LASMO to US markets and was also involved in M&A activity including Total's mergers with PetroFina and Elf.

She has an M.A. in Chemistry from Lady Margaret Hall, Oxford and an MSc in Forensic Archaeological Science from University College London. She is a Member of the Securities Institute and the National Association of Petroleum Investment Analysts.

Jay has more than 35 years' experience in all aspects of the petroleum business. He has extensive international experience in both oil and natural gas, primarily for ARCO. At ARCO, Jay held a series of senior appointments. These include Senior Vice President and District Manager (ARCO eastern District) with direct responsibility for Gulf Coast US operations and exploration and President of ARCO International where he had responsibility for all exploration and production outside the U.S. Jay's most recent appointment has been as President and CEO of Rolls-Royce Power Ventures, where he had the key responsibility for restructuring the company.

Jay also has considerable financial skills in addition to his corporate and operational expertise. He has acted as Chief Financial Officer for ARCO's US oil and natural gas company (ARCO Oil & Gas). Moreover he has understanding of the capital markets through his past position as CEO to the Petrogen Fund, a private equity fund.

Justin Hondris is a director of several public and private companies in both the UK and abroad. He is also a Partner of the London operation of Titan Bioventures Management, a manager of listed private equity funds.

He previously qualified as a Chartered Accountant although is he no longer an active member, an Associate of the Securities Institute of Australia , and is currently a Level 2 candidate of the CFA Institutes' CFA programme. He previously worked at Cazenove & Co in London, and prior to that, Hartley Poynton, an Australian based investment bank with a strong presence in the junior resources sector.

John Walmsley has over 30 years' experience in the energy sector either as adviser or principal. This includes periods as Chief Executive of Hardy Oil and Gas plc (1994-1998) and Managing Director, Finance and Business Development, of Enterprise Oil plc (1984-1993). He is currently Executive Chairman of Consilience Energy Advisory Group Ltdf (CEAG). He has international business and financial experience in Europe, Asia-Pacific and North America at the corporate, institutional and senior government level.

He is a Fellow of the Institute of Chartered Accountants in England and Wales and was a Tax Partner at Arthur Andersen & Co, prior to joining Enterprise Oil. He has assumed the role of Chairman of Pantheon's Audit Committee.