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

Keith Edelman

Non-executive director and Chairman

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.

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Olof Rapp

Senior Non-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 Evans

Executive 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 Nash

Non-executive director and Chief Financial Officer

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.

Eur. Ing. Dr. Michael Smith, FIMM, C.Sc., C.Eng

Technical Advisor to the Board of Directors

In February 2018, we were pleased to appoint Dr. Michael Smith as a technical consultant to the Company. Graduating from University of Durham in 1965 with a degree in Geology (First Class Honours), and thereafter taking a PhD at University of Edinburgh (Application of Probability and Systems Theory – direct application to the risk and probability aspects of oil and gas reservoir development), Michael started his career as a consultant to the British National Oil Corporation in 1975, before moving to become VP Exploration for American Barrick Resources and thereafter embarking upon on a worldwide career within the resources sector. Michael has numerous years of experience as an exploration and production geologist and geoscientist, particularly exploring and developing onshore US fields in Oklahoma and South Texas.

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 of the in excess of 2000 acres 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.