About Oracle Coalfields

Directors and Management

Adrian Loader	Chairman	Tony Philip	Finance Director
Shahrukh Khan	CEO	Edward Taylor	Company Secretary
Roderick Stead	Non-Executive Director	Thomas Hawkins	Project Coordinator
Anthony Scutt	Senior Independent Non-Executive Director	Brian Rostron	Mining & Contracts Manager

Adrian Loader

Chairman

Mr William Adrian Loader comes to Oracle with extensive international experience from Royal Dutch Shell in energy management, projects, strategy, business development and new market entry. He has held regional responsibility for Shell's operations in Pakistan and, as President of Shell Canada, he has been responsible for Shell's oil sands open pit mining activities and their expansion.

Mr Loader has previously been appointed to the following public company boards - Alliance-Unichem, Shell Canada Ltd, Alliance-Boots and Candax Energy Inc where he served as Chairman. He is currently a Director of Holcim Ltd, a member of the Garda World International Advisory Board and a member of the Advisory Board of Lane, Clark and Peacock.

Adrian Loader's directorship history over the past five years is shown below:

Current Directorships
Adrian Loader Limited
Holcim Limited

Past Directorships
Alliance Boots Plc
Candax Energy Inc.
Shell Canada Limited
Shell International Limited

Mr Loader is a Fellow of the Chartered Institute of Personnel and Development and holds a Masters degree in History from Cambridge University.

Shahrukh Khan

Chief Executive Officer

Shahrukh was educated in the USA (at Harvard University) and in the UK. He was awarded a BA in Business Administration and Economics (finance and international business) at Richmond, the American International University in London. Shahrukh has over nine years’ experience in project finance, with a particular focus upon the natural resource and infrastructure related sector. He has worked on a number of international assignments, predominantly in the Middle East, South Asia and China. He has specialist expertise in large and complex projects, including project valuation and investment appraisal, financial modelling, feasibility studies and other project finance related services. Shahrukh is the Non-Executive Director of All Star Minerals plc, which commenced trading on PLUS in April 2006. He is also a director of Al Nasr Europe Limited, a London-based trading and finance company (a sister company of Al Nasr Trading and Industrial Corporation of Saudi Arabia), which is involved in the metals and minerals industries and the energy sector.

Roderick Stead

Non-Executive Director

Roderick was awarded BSc in Economics from the London School of Economics and is qualified accountant, FCCA. He brings considerable experience in a wide variety of management roles in the oil, gas, coal, mining and forestry industries in different environments. This includes Board experience in over 25 companies. Particular experience in corporate governance issues, strategic business analysis and the management of major joint venture relationships and strategic alliances. Between 1967 and 2003, Roderick worked in several international locations for the Royal Dutch Shell Group of Companies. His positions included working as the Finance Controller for Shell Expro, the operator of the Shell/Exxon North Sea joint venture between 1984-1987, before moving to Chile, where he was Finance Director and a board member of 18 Chilean Shell subsidiaries between 1987-1991. From 1991-1996 Roderick worked as Group Advisor on Acquisition and Divestments for Shell International Petroleum Company Ltd. From 1996-1999 he was based in the Sultanate of Oman, where he worked as leader of the financing team for Oman LNG LLC, prior to becoming leader of the financing team for Nigeria LNG Ltd between 1999-2003. Roderick has extensive experience in project finance negotiations with investment banks, multilateral agencies, export credit agencies, commercial banks, law firms and accountants. Wide experience in structuring international and cross border acquisitions, mergers and divestments. Experience in privatisation transactions with Governments including Hungary, Sri Lanka, Venezuela, and the Czech Republic. Extensive contacts with most of the main investment and merchant banking firms in the USA, UK and Western Europe. Roderick has extensive experience in financial management, including accounting, budgeting, cost control and fiscal matters, in internal audit and the assessment of controls (particularly in high risk environments). Wide experience in Treasury operations, including commercial bank relations, the hedging of interest, commodity and exchange risks, and the negotiation of insurance cover.

Anthony Scutt

Senior Independent Non-Executive Director

Tony is a qualified Chartered Secretary and a Certified Internal Auditor with the US Institute of Internal Auditors. He has over 30 years of financial management expertise with Shell International Petroleum and has worked in many parts of the world, including the Malagasy Republic, East and Central Africa, South Vietnam, Cambodia, the Philippines, Gabon and latterly as the Chief Internal Auditor of Shell UK. Tony then went on to become an investment analyst, writer and investor. Tony is a Non-Executive director of Starvest plc and Beowulf Mining plc, and of PLUS-quoted Agricola Resources plc.

Tony Philip

Finance Director

Tony holds a Bachelors Degree in Economics from Bristol University and is a Chartered Accountant. He has over 30 years of financial management experience, much of this with the Shell Group, operating in a wide variety of finance roles managing company finances and governance, including several major project financings within African and Middle Eastern countries with US, EU and local investors.

He has worked with many project companies, notably Nigeria LNG, Oman LNG, and West African Gas Pipeline, through from feasibility stage to successful operations.

Edward Taylor

Company Secretary

Ed has worked in various accounting, human resources, administration and Company Secretarial positions in the natural resources sector. He has worked for Hardy Oil & Gas (now British Borneo Oil and Gas plc), Enterprise Oil plc and LASMO (now AGIP (UK) plc). Presently he has assignments with Yukos Services (UK) Ltd, All Star Minerals plc, and U3O8 Energy Limited, as well as serving as a Non-Executive Director of AIM-listed Beowulf Mining plc.

Thomas Hawkins

Project Coordinator

Thomas Hawkins has been appointed to a committee set up by Karachi Electric Supply Company (KESC) and Oracle following the MOU signed between the companies. He will liaise with KESC on a regular basis to ensure that objectives are achieved to ensure successful completion of Oracle’s Sindh province project.

Mr Hawkins is a construction manager with 33 years of extensive experience of international power projects. He has hands on experience of all types of Gas and Steam Turbines, Pumps, Compressors and Rotating Equipment in general, Gas/Oil separators, Heat Recovery Steam Generators, Multi-Stage-Flash Desalinations and RO systems.

Mr Hawkins holds a Bachelor of Science degree in Mechanical Engineering from Birmingham University and is a member of The Society of Petroleum Engineers, The Institute of Supervisory Management and The Institute of Engineering Inspection.

Brian Rostron

Mining and Contracts Manager

Brian was awarded an Msc. in Mining Engineering from the University of Newcastle -upon -Tyne and a first degree in Geology and Economics from Sunderland Polytechnic.He has aver 30 years experience working in both the Civil Engineering and Mining sectors and has held a number of executive positions in coal mining companies including Coal Contractors Ltd.,the Scottish Coal Company Ltd., H.J.Banks Mining Ltd., and Miller Argent(South Wales) Ltd. He was also Director General for the Confederation of UK Coal Producers and continues to represent the industry at national level. In addition he has worked with international mining consultancies on coal mining projects in Montenegro, various regions of Russia and in Poland.

Brian is a member of the Institution of Materials Minerals and Mining, a Fellow of the Geological Society and a Fellow of the Institute of Quarrying.

Corporate Structure

Oracle Coalfields’ 80% owned subsidiary, Sindh Carbon Energy Limited, was granted two licences for coal development in 2007 by the Sindh Coal Authority and Mines and Minerals Development, Government of Sindh. The first licence, Indus East, was granted on 8th February, 2007, whilst more recently, Block VI of the Thar Coalfield, was granted on 14th November, 2007. Sindh Carbon Energy Limited’s, primary focus is the development of Block VI of the Thar Coalfield. The Indus license is currently held in abeyance as the company focuses on Thar Coalfield Project.

Corporate Governance

Oracle Coalfields The Board has established an audit committee, remuneration committee and a nomination committee, with formally delegated duties and responsibilities.

The audit committee will be chaired by Anthony Scutt and Roderick Stead. The Audit Committee is responsible for determining the application of the financial reporting and internal control principles, including reviewing the effectiveness of the Company’s financial reporting, internal control and risk management procedures and the scope, quality and results of the external audit.

The Company has also established a Remuneration Committee, chaired by Tony Scutt and currently comprising Roderick Stead. The Remuneration Committee is responsible for reviewing the performance of the executive Director(s) and will set their remuneration, determine the payment of bonuses to them and consider the introduction and operation of bonus and option schemes. The Executive Directors will not take part in discussions concerning their remuneration.

Nomination Committee

The Nomination Committee chaired by Shahrukh Khan and Anthony Scutt, and is responsible for reviewing and making proposals to the Board on the appointment of Directors and meets as necessary.