Lowell Resources Funds Management Ltd has formed an investment committee to concentrate the experience and knowledge of a group of individuals who have direct experience in the oil & gas and minerals industries and/or broking, banking and funds management. 

Cremorne Capital Ltd appointed Lowell Resources Funds Management Ltd as the investment Manager of the Fund and has entered into a contractual arrangement to that purpose dated 6 January 2004.

The members of the investment committee are:

David Hobday (Director)

Dr Hobday is a geologist with diverse experience in oil and mineral exploration, applied geological research, corporate finance and investment. As a fund manager with APA Oceanic during the 1980s, Dr Hobday was responsible for investments in energy and gold equities. With Bank of America and then the Australian Bank he was involved in corporate finance, particularly applied to the resource sector. He has undertaken resource appraisal around the Caspian Sea, Africa, South America, China and India, and explored for oil and gas in the onshore United States. Dr Hobday has served on the Boards of several oil and mining companies in Australia and North America.

John Forwood (Director)

Mr Forwood is a qualified lawyer and geologist with significant experience in the resources sector. He has over 17 years of resources financing experience with RMB Resources, including 13 years as Manager of the Telluride Fund, helping to deliver average pre-tax returns of 28% for equity and 15% for debt. The RMB Resources business acted as a principal financier of equity, structured quasi-equity and project finance to the junior resources sector. Mr Forwood also has 5 years’ experience in exploration and development geology in Australia, Tanzania and Indonesia.