Graeme Phipps is an oil and gas executive, director of 2 companies, and a professional geophysicist/geologist with 50 years experience in the international oil and gas industry. He served on 11 different Boards, 7 of which were public with roles on audit, reserves, compensation, corporate governance, EH&S and special committees, and he was chairman of one public company. In 2007, he joined CEP International - later named PetroKamchatka plc, then EastSiberian plc - of which he is presently chairman and president. In 2005, while employed as Executive Vice President of PetroKazakhstan and on his way to becoming the President and CEO, this company was successfully sold for $4.2B. Graeme has spent 15 years as director of various companies, plus the Principal of Phipps and Associates – an oil and gas consulting firm. Prior to these roles, Graeme was Exploration and International Vice President for Petro-Canada for 2 years, and he was both the Vice President of Corporate Planning and Vice President of the Canadian Division for 7 total years while at Nexen. Mr. Phipps spent his first 20 years with Esso Resources and Exxon in various technical, operational and management roles

He has oil and gas experience in the Western Canada Basin, the Beaufort Sea area, the Arctic Islands and off the East Coast in Canada, the Gulf of Mexico (United States), Yemen, North Africa, Gambia, Australia, Malaysia, Indonesia, China, Nicaragua, the North Sea (United Kingdom), Romania, Kazakhstan and Russia.

Graeme also has consulting and advisory experience as the Principal of Phipps and Associates, an oil and gas executive management consulting company, as well as 5 years experience in corporate planning - including 3 years as Vice President of Corporate Planning and Business Development at Nexen and 2 years in corporate planning at Exxon's New York Head Office.

He is presently a director at Tundra Oil and Gas Ltd (WCB Canada) and Buried Hill Serdar Ltd (Turkmenistan Central Asia). Mr. Phipps recently became a member of the Public Accounts Committee Government of Jersey.