Board of Directors
Richard L. McAdoo, Executive Director, Chairman and Chief Executive Officer
Mr. McAdoo is a resident of Jakarta, Indonesia. He holds Bachelors and Masters degrees in Geology from Texas Tech University; and a Masters degree in Business Administration from Boston University. He is registered as a Certified Petroleum Geologist and has been actively involved in the international oil and gas exploration and production business for the last 30 years, He also has experience in resource evaluation for generation of electrical power from geothermal energy, run-of-river hydropower, and stranded gas opportunities. Prior to joining Continental in 1998, Mr. McAdoo held a variety of technical and management positions for Mobil Oil Company, Phillips Petroleum Company, Jackson Exploration, Inc., Triton Energy Corporation, Tracer Petroleum Company, and others in many regions including the North Sea, Middle East, Africa, South America, FSU and Asia.
Robert V. Rudman, Executive Director and Chief Financial Officer
Mr. Rudman is a resident of Naples, Florida. He is a Chartered Accountant and former auditor with the firm of Price Waterhouse and is a proven professional with more than thirty years of hands-on experience in the management and analysis of companies. As a senior member of Canadian and U.S. financial advisory firms, Mr. Rudman has been instrumental in arranging a wide range of debt and equity financings, in structuring a number of mergers and acquisitions, in developing strategic and operational business plans, and in the preparation and filing of all required regulatory reports. Mr. Rudman’s scope of experience includes both domestic and international transactions. His focus has been on the challenges facing early stage public companies. As an officer and director of an emerging high technology Canadian public company for a period of twelve years, Mr. Rudman served as the Chief Financial Officer, the Chief Executive Officer and later as the Chairman.
Phillip B. Garrison, Non-Executive Director, Member of the Audit Committee
Mr. Garrison is a resident of Dubai, United Arab Emirates. He is a graduate of the University of Oklahoma and holds an MBA from Southern Methodist University He is a CPA registered in Texas, a past President of the American Business Council in Dubai, and is a trustee of the American School of Dubai. He began his career with the public accounting firm of Arthur Young and Company (now Ernst & Young) before eventually becoming the Director of Tax in its Hong Kong office. In 1987 he joined Caltex in its Irving, Texas office before being posted to Caltex’s Dubai office in 1994 and served as Managing Director - Gulf Region responsible for all aspects of Caltex downstream and marketing activities in the Middle East. In 2001 he founded Downstream Developments Inc. in Dubai and consults on and develops ventures for transportation and logistics, oil and gas infrastructure projects, and petroleum product marketing.
Mr. John Tate, Non-Executive Director, Member of the Audit Committee
Mr. Tate is a senior executive with global experience in emerging and frontier markets gained in positions with major US multinational corporations, an early stage software company and a start-up copper mining and mineral processing company in Africa. He has been residing in Dar es Salaam, Tanzania, East Africa since 2007 where he served as the Chief Executive Officer and Chairman of Kastan Mining PLC. Prior to his relocation to Africa, Mr. Tate was the Chief Financial Officer of a software as a service company in Cincinnati, Ohio. From 2000 to 2005, he was the Assistant Treasurer, Global Operations for a logistics and supply chain management company. His earlier business career involved 10 years with Ford Motor Credit Company and served in various senior financial positions in international postings in Korea, Thailand, and India. Mr. Tate earned a Bachelors and a Masters degree in finance at Colorado State University and he is a Certified Public Accountant. Mr. Tate currently serves as a director and as the Chief Financial Officer of Ruaha River Power Company Limited.