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United Kingdom

Karoon Energy Ltd (KAR.AX)

KAR.AX on Australia Stock Exchange

1.31AUD
23 Aug 2019
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Summary

Name Age Since Current Position

Bruce Phillips

63 2019 Independent Non-Executive Chairman of the Board

Scott Hosking

Group Chief Financial Officer, Company Secretary

Edward Munks

2013 Chief Operating Officer

Robert Hosking

2014 Managing Director, Executive Director

Mark Smith

Executive Director and Exploration Director

Jose Barbosa

2011 Non-Executive Director

Geoff Atkins

2005 Independent Non-Executive Director

Clark Davey

2010 Independent Non-Executive Director

Luciana De Freitas

2016 Non-Executive Independent Director

Biographies

Name Description

Bruce Phillips

Mr. Bruce John Phillips is appointed as Independent Non-Executive Chairman of the Board of the company effective 1 January 2019. Since founding AWE Ltd in 1997, Mr Phillips has held positions as CEO, Chairman and Non-executive Director. He is currently the Chairman of ALS Ltd (ALQ:ASX), is the former Chairman of Platinum Capital and AWE Ltd (now part of Mitsui Corporation), and a former Non-Executive Director of AGL Ltd (AGL:ASX) and Sunshine Gas Ltd (formerly SHG:ASX: pre-merger with QGC). Mr Phillips has 43 years of technical, financial and commercial experience in the global energy industry, encompassing a number of corporate entities. Bruce has deep experience in upstream oil and gas exploration and production via involvement in projects in Australasia, Africa, Europe and the Americas. He also has considerable experience in governing publicly-listed companies, including the chairmanship of three companies listed on the ASX. Mr. Phillips has worked in and around the industry for 43 years culminating with his executive retirement from AWE Ltd as MD and CEO in 2007. During Mr Phillips executive career he held varied positions within the industry initially as a geophysicist for AMAX and Esso, graduating to a business development role at Command Petroleum and General Manager of Petroleum Securities. Mr. Phillips has a Bachelor of Science degree in Geology (Hons) from the University of Sydney. He is a member of the Petroleum Society of Australia and the Australian Society of Exploration Geophysicists.

Scott Hosking

Mr. Scott Hosking serves as Chief Financial Officer and Company Secretary of Karoon Gas Australia Limited. Scott has a significant international financial and commercial management background and has been involved with several commercial ventures over the past 18 years with experience in international trade, finance and corporate management. He has previously held support positions to Company Secretaries of Australian listed companies, worked as part of the finance and management teams of private international resource and industrial enterprises and was involved in the listing of Karoon Gas Australia Ltd.

Edward Munks

Robert Hosking

Mr. Robert M. Hosking serves as Managing Director, Executive Director of Karoon Gas Australia Ltd., with effect from 19 December 2014. Robert is the founding Director of the Company and has more than 35 years of commercial experience in the management of several companies. Robert has been involved in the oil and gas industry for 19 years and was a founding director/shareholder of Nexus Energy Limited. Robert also has a background of more than 17 years’ commercial experience in the steel industry. He jointly owned and managed businesses involved in the transglobal sourcing, shipping and distribution of steel-related products, with particular expertise gained in Europe and the Asia/ Pacific Rim.

Mark Smith

Mr. Mark A. Smith, Dip. App. Geol, Bsc. (Geology), serves as Executive Director and Exploration Director of Karoon Gas Australia Ltd. Mark has more than 30 years’ experience as a geologist and exploration manager in petroleum exploration and development in Australia, South East Asia, North and South America. His early experience was gained while working with BHP Petroleum. Mark has been directly involved with 16 economic oil and gas discoveries. Mark has geoscience skills in regional basin and tectonic studies, petroleum systems fairway assessments, prospect evaluations, risking and volumetrics, fault seal prediction and well-site operations. His management skills cover general and human resources management, acreage evaluation and acquisition projects, farm-ins/ farm-outs, well site operations management and management of onshore and offshore drilling operations.

Jose Barbosa

Mr. Jose Coutinho Barbosa serves as Non-Executive Director of Karoon Gas Australia Ltd., since August 31, 2011. Jose Coutinho spent 38 years with Petróbras, beginning his career in a number of technical and management positions, culminating in his appointment as Acting President and CEO of Petróbras, one of the world’s largest petroleum exploration and production companies. Earlier in his career, Jose Coutinho was Executive Vice-President and CEO of Petróbras Internacional SA (otherwise known as Braspetro) and was Managing Director for Exploration and Production of Petróbras until his retirement during February 2003. Since then, he has managed his own independent consulting firm, Net Pay Óleo & Gás Consultoria Ltda, headquartered in Rio de Janeiro, Brazil, operating in areas of the petroleum industry. Jose Coutinho brings knowledge and experience to the Company, including experience with geology, exploration and production and local knowledge of the oil and gas industry in Brazil and internationally. Current and past directorships of other listed companies include Lupatech SA (director from 24 March 2008 to 29 April 2011 and re-appointed 4 May 2012. Resigned 28 March 2014). Mr. Barbosa is also the Temasek Representative Director on the Board of Directors of Odebrecht Oleo e Gas (unlisted).

Geoff Atkins

Mr. Geoff Atkins, FIE Aust. RMIT Dip. Civ Eng., serves as Independent Non-Executive Director of Karoon Gas Australia Ltd since February 22, 2005. Mr. Geoff has over 44 years’ experience in investigation, planning, design, documentation and project management of numerous significant port, harbour and maritime projects. These include container terminals, LNG jetties, oil and gas wharves, heavy lift facilities, cement, coal, bauxite, iron ore and other bulk terminals, shipping logistics and naval bases. Geoff has gained substantial overseas experience completing marine projects in Indonesia, Malaysia, Thailand, Vietnam, Sri Lanka, India, South Africa, Namibia, New Zealand and the United Kingdom. LNG, oil, gas, bulk ports and other large maritime infrastructure projects that Geoff has been involved in have included the design of Woodside Petroleum Limited’s LNG jetty, tender design of ConocoPhillips’ Darwin LNG jetty and concept designs for the Sunrise LNG jetty. Geoff has also been involved in investigations of proposed LNG marine terminals in Taiwan, Iran and Israel for BHP Petroleum and the West Kingfish and Cobia oil drilling platforms for ESSO/BHP in Bass Strait. Chairman of the Nomination Committee. Member of the Audit Committee. Member of the Risk and Governance Committee until 6 February 2015.

Clark Davey

Mr. Clark Davey serves as Independent Non-Executive Director of Karoon Gas Australia Ltd since October 1, 2010. Clark has over 30 years’ experience in the Australian natural resources industry as a taxation consultant to oil and gas and mining companies. Clark was a partner at Price Waterhouse and PricewaterhouseCoopers specialising in the natural resources industry. For a number of years he held resource industry leadership roles within both firms. Clark is a member of the Taxation Institute of Australia and the Australian Institute of Company Directors. Clark provides a wealth of taxation and business advisory knowledge and experience to the Company, including experience with company income tax, petroleum resource rent taxation in Australia and assisting with accounting and capital management. He has assisted many Australian companies with tax management of their joint venture interests and has had considerable experience with merger and acquisition transactions. He has also assisted companies expand their resource industry interests internationally. Current directorships of other listed companies include: Redflex Holdings Limited (appointed 6 January 2015). Chairman of the Audit Committee. Member of the Nomination Committee, Remuneration Committee, Risk and Governance Committee.

Luciana De Freitas

Ms. Luciana Bastos De Freitas Rachid serves as Non-Executive Independent Director of the Company. Luciana has over 35 years’ experience in the oil and gas industry in both technical and senior leadership roles in Brazil, including 20 years in the Exploration and Production Division of Petróbras. During this time she worked in senior management roles, starting as a process engineer and completing her time in the corporate management team. Luciana also has a number of years’ experience serving on Boards in Brazil. She has represented Petróbras as Chairperson of Transportadora Brasileira Gasoduto Bolívia-Brasil SA, and Gás Brasiliano Distribuidora SA as well as a Director of Transportadora Associada de Gás, Companhia de Gás de Minas Gerais and Companhia Paranaense de Gás. Luciana’s technical experience covers a variety of project evaluation, development and management roles including Marlim Leste Asset Manager, the design of the frst offshore platforms in the Campos Basin, the production, handling and processing of natural gas onshore and offshore, the coordination of the Petróbras E&P Deepwater Strategic Project and a variety of technical and economic feasibility studies on major projects including participation in the frst Petróbras project fnance deals. Luciana has also held positions in the Petróbras fnancial team including Executive Manager of Investor Relations, Executive Manager of Financial Planning and Risk Management. In the Gas & Energy Division she served as General Manager of Marketing and Trading, Executive Manager of Corporate Affairs, Executive Manager for Logistics and Investments in Natural Gas and Chief Executive Officer of Transportadora Brasileira Gasoduto Bolivia-Brasil SA and most recently Chief Executive Officer of Transportadora Associada de Gás SA.

Basic Compensation

Name Fiscal Year Total

Bruce Phillips

--

Scott Hosking

548,306

Edward Munks

893,609

Robert Hosking

1,277,280

Mark Smith

1,192,360

Jose Barbosa

100,000

Geoff Atkins

155,490

Clark Davey

170,820

Luciana De Freitas

124,000
As Of  30 Jun 2018