Board of Directors

Al Njoo, Chairman

Mr Al Njoo has over 25 years’ experience in energy banking and industry in Central Asia, South East Asia, China and North America. He is co-founder and director of Calgary-based Nations Petroleum, which has successfully developed and transformed three major steam flood developments in Kazakhstan, Azerbaijan, and California. He began his career as a corporate and energy banker with the Chase Manhattan corporate and investment banks. He is a principal at the Benchmark group, Singapore, and director of Merrill Lynch Indonesia. He is a board member of UBS Impact Fund and a trustee of Give to Asia, San Francisco, and the Sumber Waras hospital, Jakarta.

Duncan Reynolds, Director

Mr Reynolds is an experienced investment, corporate finance and restructuring professional with over 25 years’ experience in corporate finance advisory, investment banking and proprietary investment. He started his career with KPMG in 1990, qualifying as a member of the Institute of Chartered Accountant in England & Wales in 1993 and thereafter spending 5 years advising on a variety of transaction covering management buyouts, corporate M&A, IPOs and public sector privatisations.
In early 1998 Mr Reynolds moved to Price Waterhouse Corporate Finance in Singapore and in early 1999 joined Deutsche Bank’s Asian debt restructuring advisory team based in Singapore. During this time Mr Reynolds worked on a series of multi-billion dollar debt restructuring mandates across Asia and covering a diverse industry base including banks, airlines, cement, retail and telecoms.
From 2003 to 2008 Mr Reynolds was a director with Crosby Capital Partners, an Asian based merchant bank focused on the natural resources sector. During this time he was instrumental in structuring and executing highly leveraged public takeovers targeting upstream oil and gas companies listed on the ASX. On leaving Crosby Capital Partners in 2008 along with other key members of the highly successful natural resources team, Mr Reynolds co-founded Bromius Capital, a specialist natural resources investment and advisory firm based in Singapore. Mr Reynolds is primarily responsible for leading Bromius Capital’s Oil & Gas investment and advisory business.

John Claussen, Director, Chief Executive Officer

Mr. Claussen joined Madagascar Oil Company as Chief Executive Officer in 2016, based in Antananarivo, Madagascar.

Mr. Claussen’s international energy career spans forty years in oil & gas, commercial & business development, power and electricity, public & media relations, and community development.  Mr. Claussen was Country Manager for Chevron, retiring after a long career.  Mr. Claussen has experience in heavy oil development, plus power and steam for heavy oil operations.  Mr. Claussen has resided in Asia, Africa, Europe, and Eurasia while developing global energy projects.  Mr. Claussen has served in a number of industry and business associations, including Polish Oil & Gas Producers Organization, AmCham, Southeast Asia Petroleum Exploration Society, Indonesia Petroleum Association, and Society of Exploration Geophysicists.

Mr. Claussen holds a Bachelor of Science degree in Engineering and a Master of Science degree in Geophysics from the Colorado School of Mines; and a Master of Business Administration degree with Honors from St. Mary’s College of California.

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