Board and Management

Board of Directors


Stephen Mitchell


Mr Mitchell has a Masters Degree in International Economics and Foreign Policy from John Hopkins University in Washington DC. following which he spent 10 years as a natural resources specialist at investment banks and advisory firms in the US and Australia. From 1999-2011 Stephen was Managing Director of Molopo Energy Ltd, an ASX-listed oil and gas company that held assets in Australia, Canada, USA, China, India and South Africa. Under his stewardship, Molopo generated a 10 fold increase shareholder value and expanded its market capitalisation from less than $1 million into an ASX 200 company.

Stephen was a founder and Chairman of Petrel Energy until retiring from the board in October 2014. Stephen is a partner of Mitchell Peterson Capital Partners, a Melbourne based corporate advisory firm. He is a director of several private companies including Lowell Resources Funds Management Pty.Ltd.


Bill Tarantino

CEO - Chemical Division

Mr Tarantino was a senior executive with Baker Hughes where he worked for twenty-seven years (1991-2019). His last position was as Vice President of Business Development and Strategic Marketing – Production Chemicals, based in Houston. While at Baker Hughes he held numerous positions including Director of Operations Europe, Africa, Russia Caspian Region, as well as Director of Global Accounts and Marketing.

Prior to his distinguished career at Baker Hughes, Mr. Tarantino was employed by Halliburton for five years and Betz Laboratories for three years


Nick Castellano

Executive Director

Mr Castellano is a Hydrocarbon Dynamics (HCD) founder and is the inventor of the HCD Multi-Flow technology. Nick spent a decade in the nuclear power program of the United States Navy, ultimately becoming the leading chief of the reactor laboratory division of the nuclear powered aircraft carrier the Dwight D. Eisenhower, where he assumed responsibilities for chemistries in the reactor plants. After leaving, Nick developed cutting edge chemistry and patented processes in the industrial water and oil industries. In the industrial water industry Nick founded an industrial water treatment company with clients such as Pepsi Cola, Coca Cola and United Dairymen. In the oil industry Nick focused on oil well chemistry, developing and founding the technology of HCD. He completed his MA PHD at Canterbury University. Nick is passionate and committed to providing ongoing input into expanding the application of HCD's technology. Nick is based in Arizona.


Ray Shorrocks

Non-Executive Director

Mr Shorrocks has more than 20 years' experience in corporate finance and has advised a diverse range of mining and resource companies during his career at Patersons Securities Limited, one of Australia's largest full service stockbroking and financial services firms. He has been instrumental in managing and structuring equity capital raisings as well as having advised extensively in the area of mergers and acquisitions.


Andrew Seaton

Non-Executive Director

Mr Seaton is an experienced energy executive with a background in finance, project management and investment banking.  Mr Seaton was a senior executive with Santos Limited for twelve years, the last six of which he served as Chief Financial Officer. Prior to joining Santos, Mr. Seaton worked in investment banking with Merrill Lynch in Melbourne and New York, His early career included 10 years as a process engineer and project manager across a range of upstream oil and gas projects and operating plants. Mr Seaton has an Honours Degree in Chemical Engineering and a Graduate Diploma in Business Administration.




Julie Edwards

Company Secretary

Ms Edwards holds a Bachelor of Commerce degree, is a member of CPA Australia and holds a Public Practice Certificate. Ms Edwards is the company secretary for a number of listed and unlisted entities.



Feature: Turner Bayou Project

Proprietary 3D seismic survey targeting the Wilcox, Austin Chalk and Eagle Ford formations;
major phase oil, with some
natural gas production.


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