content_image/155337.jpg content_image/155336.jpg content_image/155335.jpg
The Board of Directors submits its Directors’ Report on Karoon Gas Australia Ltd and its subsidiaries (the ‘Group’) for the financial year ended 30 June 2011 (the ‘financial year’). 

## Board of Directors 

Under the Company’s Constitution, the minimum number of Directors that may comprise the Board of Directors is currently three and the maximum number of Directors is 10. Directors are elected and re-elected at annual general meetings of the Company. 

The names of the Directors of Karoon Gas Australia Ltd (the ‘Company’) during the financial year and up to the date of this Directors’ Report are set out below: 

<img src='content_image/155337.jpg'>

Executive Chairman Mr Robert M Hosking 

Appointed 11 November 2003. 

Robert is the founding Director of the Company and has more than 30 years of commercial experience in the management of several companies. Robert has been involved in the oil and gas industry for 15 years and was the founding director/shareholder of Nexus Energy Limited. 

Robert also has a background of more than 17 years commercial experience in the steel industry. He jointly owned and managed businesses involved in the transglobal sourcing, shipping and distribution of steel-related products, with particular expertise gained in Europe and the Asia/Pacific Rim. 

Member of the Nomination Committee. 

<img src='content_image/155336.jpg'>

Mr Mark A Smith Dip. App. Geol, Bsc. (Geology) Executive Director and Exploration Director 

Appointed 20 November 2003. 

Mark has more than 30 years experience as a geologist and exploration manager in petroleum exploration and development in Australia, South East Asia and North America. The bulk of this experience was gained while working with BHP Petroleum. Mark has been directly involved with 11 economic oil and gas discoveries. 

Mark has geosciences skills in regional basin and tectonic studies, petroleum systems fairway assessments, prospect evaluations, risking and volumetrics, fault seal prediction and well-site operations. His management skills cover general and human resources management, acreage evaluation and acquisition projects, farm-ins/farm-outs, well-site operations management and management of onshore and offshore drilling operations. 

<img src='content_image/155335.jpg'>

Independent Non-Executive Director Mr Geoff Atkins FIE Aust. RMIT Dip. Civ Eng. 

Appointed 22 February 2005. 

Geoff has over 40 years experience in investigation, planning, design, documentation and project management of numerous significant port, harbour and maritime projects, including container terminals, LNG jetties, heavy lift wharves, cement, coal, bauxite, iron ore and other bulk terminals and naval bases. 

Geoff has gained substantial overseas experience completing marine projects in Indonesia, Malaysia, Thailand, Vietnam, Sri Lanka, India, South Africa, Namibia, New Zealand and the United Kingdom. LNG, oil, gas, bulk ports and other large maritime infrastructure projects that Geoff has been involved in have included the design of Woodside Petroleum Ltd’s LNG Jetty, tender design of ConocoPhillips’ Darwin LNG Jetty and concept designs for the Sunrise LNG Jetty. Geoff has also been involved in investigations of proposed LNG marine terminals in Taiwan, Iran and Israel for BHP Petroleum and the West Kingfish and Cobia oil drilling platforms for ESSO/BHP in Bass Strait. 

Chairman of the Audit Committee, Chairman of the Remuneration Committee and Member of the Nomination Committee. 

