During Mr. Gilby’s leave, Mr. Gabaake Gabaake held the role of Acting Managing Director. Mr. Gabaake will continue in the position of Executive Director which he held prior to taking on the role of Acting Managing Director. Mr. Gabaake will govern local stakeholder relations and contracts in Botswana as the Company progresses its planned CBM-to-power project in 2017, which is the most advanced CBM project in the country. There have been no material changes to the contracts held by any of the other Board Directors. All the duties and responsibilities of Mr. Gilby’s previous Managing Director role will remain the same. He will receive an annual salary of AUS$260 837 along with Superannuation of AUS$11 289. This is 50% of Mr. Gilby’s contracted remuneration.