Corporate Governance and the UK City Code on Takeovers and Mergers
The Company’s ordinary shares are traded on AIM and the Company is therefore not formally required to comply with the provisions of the UK Corporate Governance Code. Whilst the Company does not fully comply with the Code, the Board is committed to high standards of corporate governance and as the Company grows the Board will review their compliance with the Code from time to time and will adopt such of the provisions as they consider to be appropriate to the size of the Company. The Board does not currently have formal Remuneration, Audit or Nomination Committees, which are in the process of being reformed. The Board currently performs these roles and functions as a whole. The Board meets frequently to consider all aspects of the Group’s activities. The Board consists of four executive directors the Chairman, Chief Executive Officer, Chief Financial Officer and Vice President of Oil and Gas Operations and five non-executive directors. The directors have access to the advice and services of the Company’s professional advisors. The Company is subject to the UK City Code on Takeovers and Mergers.
Nicolás Mallo Huergo
Chairman, Nicolás has almost 22 years experience in the energy markets and has executed many M&A transactions. He has a Law Degree from the Universidad Católica Argentina, and a Master in Law (LLM.) with honors at Northwestern University School of Law, Chicago, U.S.A.
Alejandro Oscar Jotayan
Chief Executive Officer, Alejandro Jotayan is a Industrial Engineer with a Masters Degree in Business administration. He has 20 years of experience in the oil and gas industry in the Americas and Europe. He was Head of Strategy and Business Development of YPF until leaving in 2012. Previously, Alejandro had held several managerial positions in the exploration and production departments of Repsol-YPF working on the commercial development of Vaca Muerta in the Neuquen basin. He had also held managerial positions in commercial analysis, strategic planning and control and shareholder reporting in the Techint Group of Companies (Tenaris, Ternium, Tecpetrol). Alejandro is well recognized in the industry as a professional leader in the conventional and unconventional hydrocarbons business, having comprehensive knowledge and experience in technical, commercial, economic and regulatory aspects.
Corporate Finance Director, German Ranftl is a Certified Public Accountant with a Bachelor’s Degree in Accounting from the University of Buenos Aires, Argentina and a Masters Degree in Business Administration from CEMA, Argentina. He has over 20 years of experience in the financial services industry, having held a number of senior positions in International Banking and Capital Markets. Previously, German was Chief Financial Officer at EDEMSA, an electricity distribution company in the province of Mendoza, Argentina. He has also held position as Vice President in Corporate Finance and Investment Banking at ING Barings. German is renowned in the industry as a proficient professional in finance planning and analysis, having broad knowledge and experience in controllership and treasury duties as well as economic strategy and forecasting.
Juan Carlos Esteban
COO, Holds a Civil and Petroleum Eng. Degree from the University of Buenos Aires. He worked 23 years in YPF as operations and planning manager in charge of Argentina and Bolivia. He was Head of Technical Staff of YPF where he oversaw more than 300 professionals. Previously General Manager of YPF in Mendoza in charge of Neuquina and Cuyana Basin.
Mr Matthieu Milandri
Non-Executive Director, Aged 38. Matthieu has been Investment Director at Mercuria Energy Trading SA since December 2011, with a particular focus on upstream oil and gas assets. Prior to joining Mercuria, Matthieu was CFO of Candax Energy Inc, a TSX-listed upstream company and Business Development and Financing Manager at Geopetrol, a private upstream group. Matthieu spent nine years with BNP Paribas. He graduated from ESSEC Business School in 1998 with a degree equivalent to an MBA with a specialization in finance.
Non-Executive Director, David has more than 30 years experience in international banking and finance having held senior positions in Standard Chartered Bank (1990 – 2008), where he was a Managing Director in London and Hong Kong, Scandinavian Bank (1977 – 1990) in London, Bahrain, Singapore and Hong Kong where he was an Executive Director and a member of the Bank’s General Management Committee and Finance for Industry, now 3i, where he was a Senior Legal Advisor (1973 – 1977). He retired from Standard Chartered Bank in 2008 and is currently the Non-Executive Chairman of Old Park Lane Capital plc.
Non-Executive Director, Carolina graduated from the University of Buenos Aires in 2003 with a law degree, and obtained a LLM in Business Law from the University of Palermo in 2003. She previously practised as a lawyer at the firm Laporta-Lopez & Partners. Carolina is currently the legal representative for the Patagonia Petroleo UTE.
Non-Executive Director, Javier is an Agricultural Engineer and has a Masters in Environmental Politics and Globalisation from King’s College, University of London. Javier is overseas director and member of the board of directors of the British Argentine Chambers of Commerce. Javier has 12 years experience in corporate social responsibility on natural resources projects.
Non- Executive Director, Nigel has extensive experience both as a finance director and senior executive in small and large quoted and unquoted companies within Europe, Asia and the USA. He has a background in finance and accountancy, having qualified as a chartered accountant with Touche Ross, London. He is currently a director of a number of AIM quoted companies.