Board of Directors

Madagascar Oil Limited has a single-tier Board of Directors chaired by Non-Executive Chairman, Andrew James Morris. The Board meets regularly to discuss reviews and reports on the business and plans of the company.

Andrew James Morris, Non-Executive Chairman

Andrew Morris has extensive international business experience and advises and sits on the Board of several companies, ranging from early stage resource companies to emerging technology companies. He was founder of Persistency Capital, a private investment company, where he acted as both investor in, and adviser to, companies across a broad range of sectors and geographies focusing on value investing, deal structuring and turnarounds. Mr Morris initially joined the Board of Madagascar Oil in 2008 and served until November 2013, latterly as non-executive Chairman. He re-joined the Board in October 2014 and resumed the role of non-executive Chairman in January 2015. His current directorships include serving as Non-Executive Director of Gulfsands Petroleum PLC and as Director and Principal of Vokings Advisers Limited. Previous directorships include Falcon Oil and Gas, Southwest Energy, Kriisa Research Inc. and Direct Petroleum Exploration as well as Blake Oil and Gas Limited and various related parties. Previously, Mr Morris spent 15 years in the financial services industry, during which time he served as a Director of Ernst & Young in London, where he advised a broad range of organisations on Enterprise Risk Management including advice on corporate governance, management reporting, financial control, operational risk and process improvement. Mr Morris holds a BSc (Hons.) degree in Mathematics from Bristol University and is a Fellow of the Institute of Chartered Accountants in England and Wales.

Stephen Hope, Non-Executive Director

Mr Hope is the founder and managing director of Outrider Management, LLC (“Outrider”), a SEC-registered Investment Advisor based in California. Prior to forming Outrider in January 2004, he was a portfolio manager with Dalton Investments, LLC. Mr Hope is a highly experienced investor in emerging markets, having been doing so for over 15 years. He is also a director of Jaguar Mining Inc., the TSX-V listed gold miner. Mr Hope holds an A.B. in Economics from Princeton University.

Al Njoo, Non-Executive Director

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, Non-Executive 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.