Board of Directors

Directors and Senior Management

Andrew Shrager - Non-Executive Chairman

Andrew Shrager is a private investor with a wealth of experience in investment banking. Some of his main roles include: senior adviser at Renaissance Capital (emerging markets); senior advisor to Merrill Lynch (Energy & Power group throughout Russia and Central Europe); especially the British Petroleum TNK acquisition; director of corporate finance at Lazard Brothers, where he advised both the Central Electricity Generating Board on its privatisation and National Power on its IPO. Between 2001 and 2012 Andrew was a director of Utilyx, one of the UK's leading specialists in energy and carbon, and between 2007 and 2010, he was a director of GeoDynamics Research. Since 2012, Andrew has held the position of CEO at GeoDynamics Worldwide, an international oil service and investment company.

Leonid Y. Dyachenko - Chief Executive Officer and Executive Director

Mr. Dyachenko is a successful entrepreneur and businessman who has a diverse range of interests including trucking and transportation, pharmaceuticals, and oil trading. Mr. Dyachenko began his career as a technological engineer with construction bureau SALUT. In 1992, he was seconded to Dresdner Bank, Frankfurt, where he completed a management training programme in investment banking. Since then, he has participated in a number of new businesses, primarily related to commercial trading and export finance. He graduated from Moscow Aviation Technology Institute with a degree in Technological Engineering. Mr. Dyachenko is a Russian citizen .

On the 12th December 2014 Mr Dyachenko was appointed as interim CEO.

Sergey Uzornikov - Chief Financial Officer

Mr Uzornikov has an extensive financial experience in oil and gas and power generation sectors. He started his career in PwC's audit practices and after that has held senior positions in Yukos Oil Company, Lundin Petroleum Group and Enel OGK-5. Mr Uzornikov graduated from Moscow State Institute of international relations. As the Chief Financial Officer he is responsible for the Company's financial management, budgeting and reporting.

Stephen Buscher - Non-Executive Director

Stephen Buscher has extensive financial experience, particularly in Russia, where he has lived and worked in the financial sector and subsequently the oil business for over twenty years. He acted as the Co-head of the Moscow office for Lazard Freres and Merrill Lynch, where he was overall relationship manager for CIS oil businesses. Stephen also founded and co-managed Eurasia Capital Partners, a private M&A advisory boutique with offices in Moscow and London before entering the oil and gas business. He graduated from Connecticut College in 1983. He also received a diploma from the London School of Economics in 1987 and a Masters in Business Administration from Yale University in 1991.

Stephen Buscher held the position of Chief Financial Officer when Urals Energy successfully listed on AIM in 2005, a position he held until August 2007. He then took up the Chief Financial Officer role at Terralliance Technologies in 2007, an oil and gas exploration company privately owned by Goldman Sachs and Kleiner Perkins. Stephen has recently been with the investment company Sistema as Executive Vice President investment strategy, and secondly as the Chief Executive Officer of Navitas Global Resources, the foreign project and exploration division and wholly-owned subsidiary of RussNeft.