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 practised 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 NL 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 Northern Star Resources Ltd and is on the advisory committee of the US-based Avalon and Hermosa Oil and Gas Production Partnerships. He is also the Chairman of fund manager Hawkesbridge Private Equity Pty Ltd.

In addition to his resource-related activities, Chris Rowe acted as one of the Counsel Assisting the Royal Commission into "WA Inc" and has served on the Environmental Protection Authority (EPA) 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 30 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, subsequently working for a number of Australian explorers in domestic and international projects. In 2001, he was appointed Exploration Manager for Bounty Oil & Gas NL, responsible for its portfolio of Australian and international acreage. He was later appointed as Managing Director. In 2006, Mr Roe co-founded Target Energy Limited.

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


Graham Riley – B.Jur, LLB - Director

Graham has been responsible for the foundation and growth of a number of petroleum and mining companies and is currently Chairman of Buru Energy, an ASX-listed oil and gas exploration company and recently of Giralia Resources, a diversified mining and exploration company which has been responsible for the spin-off of five independently listed commodity-specific explorers from the extensive project book it had built over recent years. He also holds private petroleum interests in the US.

A founding Director of ARC Energy and former Non-Executive Director of Adelphi Energy, Graham is a qualified legal practitioner (B Jur, LLB).

graham.riley@targetenergy.com.au

Stephen Mann - Director

Stephen is a Fellow of the Institute of Chartered Accountants of Australia and had over 30 years of experience as a chartered accountant prior to his retirement from private practice in 2003. Since 2003 he has acted as the chief financial officer and more recently as a consultant to the Nacap Asia Pacific Group which is a large Dutch group that specialises in oil and gas pipeline construction. He is also a Director of Investmet Limited (a significant shareholder in Target Energy), a non-executive Director of the ASX-listed company Pegasus Metals Ltd and a non-executive Director of Altus Renewables Ltd, an unlisted public company.

stephen.mann@targetenergy.com.au

TELA (USA)

Dr Ralph Kehle,  – PhD, M.S, B.S. (Hons) – Chairman, TELA (USA), Inc.

Professor Kehle has been engaged in the oil and gas business for 48 years and has to his credit the discovery and development of a 300+ Billion cubic feet (Bcf) extension to the Coleman North Gas Field in Alberta, Canada, the discovery of the 200+ Bcf Guerra Field and the 15 million barrel Stockyard Oil Field, both in Texas. During his career he has served as CEO and Chairman of Hershey Oil Corp, Senior Vice President, Exploration of American Exploration Company (both publicly listed), and founded TKA Exploration and of OilTex International Ltd - now Enerplus, listed on the Toronto Exchange.

He has previously served as a director of EPIC Geophysics, Inc. a seismic processing company, Aerodata (now Fugro), an Airborne geophysical company, and Stevens & Tull, LLC, a petroleum exploration and production company. He has been Associate Professor of Geological Sciences, University of Texas (Austin), and has held various positions in affiliates of Standard Oil Company, New Jersey (Exxon), where among other contributions he was co-inventor of the Super Frac.

Currently Ralph is President of Eichen Petroleum Management, Inc. - Manager of two oil and gas investment partnerships – Avalon Oil Company and Hermosa Energy Partners. He also serves as advisor to G-4 Resources, Inc.

ralph.kehle@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 30 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 almost 20 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's international experience includes projects in New Zealand, Mauritania, Tanzania, UK North Sea, USA, Malaysia and The Philippines.

stephen.morris@targetenergy.com.au