Proactive investors

Dominion is dedicated to exploration for new oil and gas reserves in East and Central Africa. Dominion is the second largest net acreage holder in the Albertine Rift Basin in Uganda and the Democratic Republic of Congo where it operates two exploration licences. This basin has seen nearly thirty oil discoveries over the past three years and has emerged as the premier new oil exploration province in the region. Dominion’s net unrisked recoverable resources in Uganda (PDF) have been independently estimated at 359 Million barrels of oil (64 Million barrels risked).

Dominion is an independent energy company domiciled in Bermuda and dedicated to exploration for new oil and gas reserves in East and Central Africa. The Group was founded in 2004 and listed on the Alternative Investment Market of the London Stock Exchange in December 2006. Our strategy is to become the leading independent upstream exploration company in this region. We intend to achieve this objective by using our experienced management team, our firm contacts and partners in East and Central Africa and our excellent understanding of the geology of the region. The company has built on its dominant position in Tanzania, expanding into the Albertine Rift Basin in Uganda and the Democratic Republic of Congo and will continue to develop its interests in its core area.

Dominion offers the chance to participate directly in the oil and gas industry in this rapidly emerging new petroleum province. 

Dominion is the second largest net acreage holder in the Albertine Rift Basin in Uganda and the Democratic Republic of Congo where it operates two exploration licences. This basin has seen nearly thirty oil discoveries over the past three years and has emerged as the premier new oil exploration province in the region. Dominion’s net unrisked recoverable resources in Uganda (PDF) have been independently estimated at 359 Million barrels of oil (64 Million barrels risked).

In its Tanzanian onshore licenses, Dominion has drilled one exploration well, Mihambia-1 (plugged and abandoned as dry) and has a portfolio of 15 further prospects. Dominion’s net un-risked recoverable resources onshore in Tanzania have been independently estimated at 461 Million barrels of oil equivalent (47 Million barrels risked). Off the Tanzanian coast, Dominion operates an exploration license on the continental slope of the Indian Ocean where there are large exploration targets. The company estimates that the largest prospect may contain an unrisked recoverable resource of 1,030 Million barrels of oil equivalent.
 
In Tanzania, Dominion benefits from large investments made in the past by major oil companies, principally Shell. The company accordingly has a portfolio of 16 prospects onshore in Tanzania and will begin drilling these prospects in 2008. Dominion’s gross un-risked recoverable resources onshore in Tanzania have been estimated at 1,115 million barrels of oil equivalent (103 million barrels risked). Off the Tanzanian coast, Dominion operates an exploration license on the continental slope of the Indian Ocean where there are large exploration targets. Dominion is also now the second largest net acreage holder in the Albertine Rift Basin in Uganda and the Democratic Republic of Congo where it operates two exploration licenses.This basin has seen more than ten oil discoveries over the past two years.

Only about 5% of exploration wells drilled in Africa as a whole have been drilled in East Africa. The region is accordingly now undergoing a surge in exploration activity. Its favourable geology, stable political economy and central position for world markets make it an attractive proposition for oil exploration and commercial oil production. Dominion currently has 48,230 square kilometres (11.91 million acres) under license in Tanzania, 2,021 square kilometres (0.50 million acres) under license in Uganda and 7,346 square kilometres (1.82 million acres) under licence in the Democratic Republic of Congo (gross acreage figures).

Roger Cagle
Non-Executive Chairman
Roger Cagle is the executive vice president, deputy CEO and CFO of SOCO International plc, an international oil and gas exploration and production company traded on the London Stock Exchange, and a constituent of the FTSE 250 Index. He has been a member of the board of SOCO International since April 1997. He has over 30 years’ experience in the oil and gas industry, including senior positions with Exxon Corporation and Superior Oil Company. He was formerly chief financial officer of Snyder Oil Corporation’s international subsidiary, and of Conquest Exploration Company.

Andrew Cochran
Chief Executive Officer
Andrew Cochran was previously Business Development Director at Salamander Energy PLC, a FTSE‐250 oil and gas company, of which he was a founder. Prior to that, he was New Ventures Manager at Endeavour International Corporation and before that Exploration Advisor at Anadarko Petroleum.

Rob Shepherd
Finance Director
Rob Shepherd is a former executive director with ABN AMRO bank where he had nine years of experience in international financing, particularly in the oil and gas sector. Before this, he was a facilities engineer with Shell, working in field development projects for four years He is currently a non-executive director with Imperial Energy Corporation, an oil and gas exploration and production company traded on the London Stock Exchange and a constituent of the FTSE 250 index.

Justin Burley
Non-Executive Director
Justin Burley is a vice president and senior analyst with Plainfield Asset Management LLC, a Greenwich, Connecticut based investment advisor with more than $1.2 billion of capital under management. He is a former director with ABN AMRO Bank in London where he was responsible for the European leveraged capital markets group. Prior to that he worked in a variety of roles with Barclays Capital in London and Bankers Trust in New York.

Dennis Crema
Non-Executive Director
Dennis Crema is currently Managing Partner and CEO of BlueGold Capital Management LLP (“BlueGold”). BlueGold is a London-based hedge fund manager investing in the global commodities markets with an emphasis on oil derivatives trading. Before joining Bluegold as Chief Executive Officer and Managing Partner in 2008, Dennis worked for 12 years at Vitol as Senior Partner, and Head of Products Trading (2007-1995). He relocated from the US to London in 1995 to focus on proprietary trading in the physical and derivative oil markets. He then went on to manage the one of the most successful Product trading teams in the business focusing on trading physical and paper markets.

Atul Gupta
Non-Executive Director
Atul Gupta has worked for 25 years in the international upstream oil and gas business successively with Charterhouse Petroleum, Petrofina, Monument and Burren Energy. Atul joined Burren in 1999 as Chief Operating Officer and served as its Chief Executive Officer from 2006 until the company was sold to ENI last year. He has a bachelors degree in chemical engineering from Cambridge University and a masters degree in petroleum engineering from Heriot Watt University.

Roland Wessel
Non-Executive Director
Roland Wessel is the chief executive of Star Energy plc, the gas storage company listed until recently on the London Stock Exchange that he co-founded in 1999. Roland is a geology graduate with over 30 years of experience in the oil and gas industry. The majority of his career has been spent in the drilling services sector and he has undertaken managerial assignments in most of the active oil and gas regions in the world including West and North Africa, the Middle East, the North Sea and the Americas. Roland is Chairman of Dominion’s Audit Committee.

Mike Thomas
Chief Operating Officer
Mike is a geologist with thirty three years experience in the oil and gas exploration business. He has worked for Texaco, AGIP, Clyde Petroleum, Gulf Canada and Paladin Resources. His period with Clyde included Chief Geologist, asset management of exploration and of producing fields in the Netherlands, followed by exploration in Yemen. With Gulf Canada, he was coordinator of International Joint Ventures and with Paladin, Asset Manager for several international projects including Tanzania. Mike joined Dominion as Chief Operating Officer in 2007, after an initial consultancy period in 2006.

David Garland
General Counsel and Secretary
Before joining Dominion in February 2007 he had practiced as a barrister for 18 years from Brick Court Chambers, the preeminent commercial barristers chambers in London, where his practice included advising on and drafting commercial, insurance, corporate, banking and crossborder agreements and litigating disputes in those areas.

The percentage of common shares of the Company not in public hands is 72.49%.

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