text: **DIRECTORS’ REPORT**
  
  Your Directors present this report on the Company and its consolidated entities (“Group,” the “Company” or “Consolidated 
  Group”) for the financial year ended 31 December 2014. 
  
  **Directors**
  
  The names of Directors in office at any time during or since the end of the year are: 
  
  • Michael D Hannell 
  • Damien A Hannes 
  • Neville W Martin 
  • Eric P McCrady 
  • H. Weldon Holcombe 
  
  These Directors have been in office since the start of the financial period to the date of this report. 
  
  **Company Secretary**
  
  At the end of the financial period,*Mr Damien Connor*held the position of Company Secretary and has served as Company 
  Secretary since August 2013. Mr. Connor has been a member of the Institute of Chartered Accountants of Australia since 2002 
  and is a member of the Governance Institute of Australia and a graduate of the Australian Institute of Company Directors. He 
  is also Chief Financial Officer and Company Secretary of ASX-listed UraniumSA Limited and Archer Exploration Limited. 
  
  **Principal Activities**
  
  The principal activities of the Group during the financial year were: 
  *•*
  *•* the exploration for and development and production of oil and natural gas in the United States of America; and, 
  the continued expansion of its portfolio of oil and gas leases in the United States of America. 
  
  No significant changes in the nature of the activities of the Group occurred during the year. 