The Board currently comprises four Directors, who collectively have extensive experience and a proven track record in investment, corporate finance and business acquisition, operation and development with additional involvement in the upstream petroleum sector and are well placed to implement the Company’s energy business objective and strategy.
Any further appointments to the Board would be made after due consideration to the Company’s requirements and to the availability of candidates with the requisite skills and, where applicable, depth of sector experience.
Details of the Directors are set out below:
Board of Directors and Advisors
Keith EdelmanSenior Consultant and Advisor
Keith Edelman graduated from UMIST (University of Manchester Institute Science and Technology) in 1971 with a BSc (Hons) in Management Sciences. He worked for Rank Xerox, IBM and Fiat before joining Bank of America in 1978. Starting as Planning Manager, EMEA Division and then Finance Director, UK and Nordic Region, he eventually became Managing Director of Bank of America Finance.
In 1983 he joined Grand Metropolitan as a UK Strategic Director/Director of Finance, Foods Division. In 1985 he joined the Ladbroke Group as Corporate Planning Director and completed a number of major acquisitions and disposals for that group these included the acquisitions of Hilton International, Texas Homecare Plc, Thomson T Line Plc and Gable House Properties Plc and disposals of many leisure businesses including Ladbroke Holidays, Seenews, the 20% stake in Central TV, Laskys to name but a few. Following the acquisition of Hilton International he became Chairman of Texas Homecare, a chain of DIY stores. In 1991 he left to become Managing Director of Carlton Communications and in 1993 Group Chief Executive of Storehouse plc which included Mothercare and BHS.
He also held a number of executive and non-executive appointments, including Eurotunnel (Audit & Remuneration Committees 1994–2004), Haberdashers’ Aske’s School (Governor 1994–2005), where he was a pupil from prep school through A Levels, Include (Director (Charity) 1997 – 2001), Glenmorangie (Chairman 2002–2005), Qualceram Shires plc (Director 2005 to 2009) and Arnotts Holdings (2009-2010). Currently he is Chairman of Revolution Bars Group Plc, Chairman of Bullion by Post Limited, senior Independent Director of Supergroup Plc and a Director of the London Legacy Development Corporation and E20 LLP.
In 2000 he joined Arsenal Football Club as Managing Director, bringing his financial and business experience to the Club. Mr. Edelman was responsible for all commercial and administrative activities at the club. In a period of increased commercialisation of football he completed the first strategic partnership the Club entered into since its formation, selling a 10 percent stake to Granada Media for £77 million. He oversaw the club’s re-branding and crest redesign to create copyright protection, and was subsequently involved in a sponsorship deal with Nike, valued at £130 million over 10 years.
He was instrumental in the club’s development of its new stadium and he arranged all the funding raising over £380 million of banking facilities. He refinanced these projects finance borrowings with a credit wrapped AAA rated bond and in so doing established Arsenal as the very first Club to achieve an investment grade rating from the world’s rating agencies. He also completed one of the largest football sponsorship deals with Emirates Airlines for over £100 million, including naming rights to the Emirates Stadium. He opened the stadium in August 2006 both on time and on budget and set up all the operational aspects of the stadium that has made Emirates so successful. He oversaw the development of Highbury Square and pre-sold over 90% of all units and brought the project in on time and on budget.
In 2007 Keith became club President of the Arsenal Ladies team. He has always been pragmatic about the club’s future and did not rule out the club eventually going public or the major shareholders eventually deciding to sell their stakes. He resigned as a Director at Arsenal Holdings plc on 1 May 2008 and continued until May 2009 as a consultant.
David LenigasExecutive Chairman and Non-Executive Director
David Lenigas is a mining engineer with extensive senior corporate experience across stock exchanges in the UK, Australia, Canada, and South Africa. He has been Chairman of various petroleum focused exploration and development companies with operations in Spain, UK, Trinidad and the USA. His corporate and operational experience will greatly assist the Company as it moves towards its goals of becoming an oil producer.
Olof RappNon-executive director
Olof Rapp joined VistaJet International as Senior Vice President in 2015 after 34 years with Rolls- Royce International and Volvo Truck Corporation. He has vast international experience and has held leading managerial positions in various parts of the world, from South America to Asia (Brazil, Iran, Turkey, Singapore, Thailand and Malaysia). His last position at Rolls Royce was as Regional Director, Malaysia, with overall responsibility for Rolls-Royce’s business in Malaysia and Brunei (Civil & Defence Aviation, Marine, Civil Nuclear and Energy) and represented the company at the highest level, leading and facilitating the company’s interest and activities. His last position at Volvo was Managing Director of Volvo Malaysia, where he led a successful restructuring of the company.
He was born in Gothenburg, Sweden, and studied International Business at IHM Business School. Olof is actively involved in several start-up companies and serves as a committee member of the Malaysian Swedish Business Association.
Thomas EvansExecutive director
Thomas Evans started his career as a financial executive with Extel Financial Ltd, before moving to Corporate Broking at Barclays de Zoete Wedd Ltd; after working on several hostile takeovers Tom transferred to the Global Resources lending team of Barclays Capital Ltd project financing resource projects across the globe. Tom returned full time to London with RBC Dominion Securities Limited, as a specialist resources equity salesman before joining CIBC World Markets Limited as a director focusing on resource equities from an institutional sales and trading perspective. Tom founded Bishopsgate Capital Management Ltd in 2000 dealing in institutional fund management and hedge fund strategies for CTA funds; Bishopsgate was merged with Athanor Capital Partners Ltd where he assumed the role of Chief Investment Officer, expanding all the combined entities FSA regulated permitted businesses. Established TME Consulting creating UCITS compliant umbrella structure to be marketed to both retail and wholesale clients. CEO and founder of the Caplain group created to acquiring stockbroking and wealth management entities and Aerarius PCC Ltd (Guernsey) fund structure for European investment strategies. Financial Services Authority (UK) Ltd previously approved for the following control functions – CF1 Director, CF3 Chief Executive, CF8 Appointment & Oversight, CF27 Investment Management. In recent times Tom has focused on developing corporate enterprises to grow and deliver under the listed regulated environment.
Philip NashFinancial Consultant
Philip Nash qualified as a Chartered Accountant in 1997 and went on to join Hambros Bank, holding a number of finance positions in its Insurance arm, including Group Financial Controller of Cunningham Lindsey, a leading loss adjusting group. In 2001 he joined Arsenal Football Club as Stadium Project Director, reporting to the CEO. He was involved in all aspects of the successful Emirates Stadium Project including raising finance, financial control, project management and commercial activities. In 2008 Philip joined Liverpool Football Club as CFO and played a significant role in the transformation of the Club. He was involved in the sale of the Club to Fenway Sports Group in 2010. He strengthened the Club’s finance and technology functions, improved governance and lead on a variety of major projects including the appraisal of the Anfield Stadium redevelopment. In 2014 Philip worked with Rangers International Football Club PLC which was listed on AIM. He initially joined as a consultant and was subsequently appointed Interim COO and a Board Director. Whilst at the Club, Philip identified and implemented a number of cost saving initiatives and raised over £3m from a share issue. In 2015 he worked with the British Horse Racing Authority, where he developed a three year business plan and led a business transformation program. Philip currently provides business consulting and advisory services to a number of different companies across several industries. Philip holds a Psychology degree from the University of Reading and is a member of the ICAEW.
Andy CliffordNon-Executive Director and President of Nobel Petroleum USA, Inc.,
Mr. Clifford was appointed as the President of the Company’s Texas Operational Subsidiary, Nobel Petroleum USA, Inc., in April 2021. He holds a B.Sc. (Honors) in Geology/Geophysics from London University (1978). He is a seasoned oil and gas executive with over 42 years of experience in the international and domestic arenas with a proven track record in leadership of exploration and development programs in practically every important petroleum basin throughout the world and credited with the discovery of over 2 billion BOE of reserves worldwide, having worked for ExxonMobil, Kuwait Foreign Petroleum, BHP Billiton, Aurora Gas and Saratoga. His positions at BHP included VP Strategic Planning Worldwide and VP Exploration America and he personally negotiated contracts in many countries including Algeria, Congo, Myanmar, Russia, Trinidad and Vietnam, to name a few. He has rung the bell at NYSE and his company won Oil and Gas Investors prestigious Turnaround of the Year Award in 2010
Deane PierceNobel Petroleum Executive Vice President Engineeing
Deane has over 40 years’ experience in drilling, completion, fracturing and production operations as well as facility installation and maintenance in a variety of operating areas. Operating areas include Texas and Louisiana Gulf Coast, Gulf of Mexico and International. He started with Hunt Oil after graduating from Texas Tech University and progressed from various engineering assignments to Gulf Coast Operations manager. He joined ARCO in the late 1990’s and worked in West Africa, Asia and the North Sea. He later joined the predecessor to the EOG where he worked various offshore oil and gas fields. He was Operations Manager with Vanco, completing a number of deepwater West Africa projects then El Paso, responsible for a number of offshore development projects.
Deane has invented some key horizontal inflow and completion devices which have helped increase oil production and reduce water and gas cut. He has utilized state of the art perforating and inflow technology to improve marginal field performance and reduce operating cost. He is a Registered Petroleum Engineer and has authored a number of technical papers dealing with improving well performance, completion technology offshore drilling and reducing well costs.
Nobel Petroleum has full operational teams on the ground working from its offices in the City of Gonzales, which include both the four persons land management personnel team led by Mr. Butch Jackson a qualified landman involved with the disposition of the substantial number of leases making up the group’s collective ownership covering the centralised portion of the township area.
Land management is a critical aspect to the ongoing operational activities of the group as it focuses upon the maintenance and upkeep of the many different and independent landowners with whom the group has its leased arrangement with, together with making sure that as the development activities move toward active leases all arrangements are completed.
The drilling and field operational management activities are under contract to JPC Inc., with its experienced personnel who oversee the drilling rig subcontracting including both the drilling rig crews and the directional drilling team, who take over the control of the drill bit once the vertical drilling has been completed and the horizontal drilling activity has been implemented. Once the drilling has been completed and the drilling rig released, the well is capped and awaits the arrival of the separate work-over rig with its crews, to initiate completion of the well which entails the running of production casing from surface to the production zone.