Target Energy - Australian petroleum exploration and production company.

Chris Rowe - B.A., M.A. Economics and Law - Chairman

Chris Rowe graduated from Cambridge University in Economics and Law. Chris practiced in the UK and Perth where he consulted to both the oil and gas and hard rock sectors of the resource industry, before becoming the Executive Chairman of Cultus Petroleum N.L. in 1979 where he served until 1990. During his tenure the company participated in a number of commercial discoveries in Australia, New Zealand and the USA.

He has subsequently acted as a Director or Chairman to a number of oil companies including UTS Energy Ltd and International Oiltex Ltd, both listed on the Toronto Stock Exchange.

Chris currently holds the Chair of ASX Listed DVM International Ltd and Northern Star Resources Ltd and he is on the advisory committee of the US based Avalon and Hermosa Oil and Gas Production Paternerships. He is also the Chairman of fund manager Hawkesbridge Private Equitiy Pty Ltd.

In addition to his resource related activities Chris Rowe acted as one of the Counsel Assisting the Royal Commissioninto "W.A. Inc" and has served on the E.P.A of Western Australia as both a member and as Deputy Chairman.

crowe@targetenergy.com.au

Laurence Roe - B.Sc - Managing Director

Mr Roe is a petroleum professional with over 25 years experience gained in the industry both in Australian and international projects. He commenced his career with Santos Limited, subsequently taking a senior technical position with Magellan Petroleum Australia Limited, where he was later appointed Exploration Manager. While with Magellan, he had substantial involvement with US and other international projects.

In 1997, Mr Roe left Magellan to start a consulting practice. He has since consulted for numerous Australian explorers, including Santos, Strike Oil and Icon Energy. More recently, he consulted to Hardman Resources Limited, working on their Mauritanian deep-water acreage at the time the major Chinguetti oil discovery (123 MMBO proved and probable) was made. Mr Roe was appointed Exploration Manager for Bounty Oil & Gas NL in 2001, responsible for its portfolio of Australian and international acreage. He was later appointed as Managing Director.

His experience encompasses most Australian sedimentary basins, as well as the USA, New Zealand, Mauritania, Tanzania, Canada, Indonesia, Belize and Argentina.

laurence.roe@targetenergy.com.au


Paul Lloyd - B.Bus CA - Director

Mr Lloyd is a Chartered Accountant with 20 years commercial experience. He worked for an international accounting firm before joining DrillCorp Ltd, a mineral drilling contractor. At DrillCorp, he played an integral part in expanding the business into countries such as Thailand, Malaysia, Indonesia, South Africa, Tanzania and many other African nations.

During his 10 years at DrillCorp as the General Manager of Finance the company increased turnover from $15 million to $60 million and increased staff numbers to over 500. Mr Lloyd was responsible for all financial functions of the group including due diligence on acquisitions of $25 million, ASX listing requirements and reporting to directors and shareholders.

He is also an experienced public company director, and has extensive experience in the resource industry in Australia and Africa.

paul.lloyd@targetenergy.com.au


Mike Martin - B.Sc (Hons), F.G.S - Director

Michael Martin is a practising geologist and has been actively involved with international resources industries for more than 25 years. Mr. Martin began his professional career in Kuwait and later the western Mediterranean offshore oil fields of Spain, prior to joining the burgeoning North Sea oil boom in the early seventies. Following assignments in London with Atlantic Richfield and Cities Service, he joined Getty Oil in their Perth, Western Australia office. After his departure from Getty, Mr. Martin worked with the petroleum division of a major Australian Mining House.

Mr. Martin was a co-founder of Flare Petroleum N.L., and guided the technical advancement of the Australian assets of its Canadian successor company. He has served as a Director of Canadian listed Chariot Resources Ltd and Franklin Resources Ltd.

mike.martin@targetenergy.com.au

Rowan Caren, B.Com, CA - Company Secretary

Mr Caren graduated with a Bachelor of Commerce from the University of Western Australia and is a member of the institute of Chartered Accountants in Australia. He commenced his career with PricewaterhouseCoopers, working for them in Australia and overseas for six years.

He has been directly involved in the exploration industry for further 12 years, initially with a minerals explorer based in Perth but with operations in South America and Asia, for which he served as an executive director and company secretary.  In 2004 he created a specialist company secretarial and advisory consultancy, which provides financial and corporate services to several listed and unlisted companies involved in the resources, industrial and property sectors.

rowan.caren@targetenergy.com.au

Stephen Morris, B.Sc, G.Dip. Petroleum Engineering - Development Advisor

Stephen Morris has 15 years experience gained in the industry both in Australia and on international projects. He commenced his professional career in 1992 with the petroleum division of Western Mining Corporation where his responsibilities included reserves and production forecasting. Subsequently he joined an international petroleum engineering and reserves certification consultancy, working on petroleum development and exploration projects both onshore and offshore. His specialist areas of expertise were gained in marginal field development and operating production operations in the Timor Sea, North West Shelf and South East Asia.

Mr Morris is a partner in an energy consulting business, specialising in the provision of engineering, geoscience, environmental and business development advisory services. Through his consultancy he has advised on projects for companies such as Bounty Oil & Gas, Carpathian Resources, Hardman Resources, Newfield Exploration, Nido Petroleum, Santos Ltd and Woodside Energy.

Mr Morris` international experience includes projects in New Zealand, Mauritania, Tanzania, UK North Sea, USA, Malaysia and The Philippines.

stephen.morris@targetenergy.com.au