Board of Directors

First Last

Douglas W Bailey


Non-executive Director and Chairman
(Director since November 2009)
Chairman of the Nominations Committee, Member of Audit and Risk, Remuneration and Reserves Committees

Douglas Bailey is an accountant with over 35 years of experience in the resources industry.  He is a former CEO and Managing Director of Ashton Mining Limited and a former CFO of Woodside Petroleum Limited.   Douglas is experienced in all commercial aspects of resource company financing, project development, acquisitions and administration.

During a 20 year career with the Ashton Mining group, Douglas as CFO was responsible for a number of project and corporate financings, the public listing through IPOs of several subsidiaries in both Australia and internationally, the acquisition and development of new production opportunities and finally, as CEO and MD, the defence of the company when faced with two takeover bids in 2000. The group was taken over by Rio Tinto with the final takeover price being some 40% higher than the first bid.

Douglas joined Woodside Petroleum as its Chief Financial Officer in 2002 and was responsible for corporate financing, reporting, mergers and acquisitions, strategy and investor relations.  During his time at Woodside Petroleum, Douglas led a number of acquisition projects, principally internationally, as Woodside Petroleum sought to broaden its asset base beyond the North West Shelf and its exploration driven growth strategy.

Douglas has over 30 years of board room experience in Australian and international stock exchange listed companies with many years of that experience as a non-executive director, both independent and company representative.  His commercial and corporate skills complement and support the strong technical and commercial skills of the other Tap board members.

First Last

Troy J Hayden


Managing Director/CEO (Appointed December 2010)
Member of the Nominations Committee

Troy joined Tap in December 2010 after a 12 year career at Woodside Petroleum Limited, where he held a number of positions, including Acting CFO, Vice President of the USA Business Unit and Vice President of the Pluto Business Unit.  Since leaving Woodside Petroleum in 2008, he has undertaken a number of financial and commercial consulting projects working with First Quantum Minerals Ltd and QR National Limited.  He has built and maintains a wide range of senior level relationships across the petroleum, resources and financial sectors in Australia and internationally.

Troy brings an appealing mix of skills to the CEO role: leadership, financial and general management expertise, including overseeing exploration and production activities, and over 20 years’ experience in the resources and petroleum industries.

First Last

Michael J Sandy


Non-executive Director (Director since June 2006)
Chairman of Audit and Risk and Reserves Committees, Member of Nominations and Remuneration Committees

Michael Sandy is a geologist with over 35 years experience in the resources industry with the past 30 years focused on oil and gas.

Michael’s early career was in minerals exploration before he moved to Papua New Guinea and helped set up the Petroleum Division of the Geological Survey.  He subsequently set up a company to manage a team of specialist field geologists.  He was Technical Manager of Oil Search Limited and based in Port Moresby for 3 years in the years leading up to the Kutubu oil fields coming on production.  In the first half of 1994, Michael took on temporary roles as Oil and Gas Analyst with BZW Australia Limited, and in the second half of that year was involved in establishing Novus Petroleum Ltd and preparing that company for its IPO in April 1995. That equity raising of $168 million is still the largest oil and gas IPO in ASX history.

Over 10 years, Michael held several senior management roles for Novus Petroleum and was a member of the executive committee from inception.   He was manager of the company’s assets in the Middle East (Oman, Qatar, Pakistan, Iran, Egypt) and SE Asia (Thailand, Laos, Indonesia, Australia, Philippines) and President of Novus USA based in Houston.  He was also Business Development Manager and involved in numerous acquisitions and divestments to a total value of over $500 million.  Finally, he co-managed the Novus Petroleum takeover defence effort in 2003/4 when the company was taken over by MedcoEnergi.

For the last 10 years, Michael has been the principal of Sandy Associates (previously MJSA), a group of resources industry consultants.  It is active in petroleum, minerals and geothermal projects, and resources industry start-ups. Michael is Chairman of ASX-listed Burleson Energy Limited (BUR) and a Non-Executive Director of ASX-listed MEO Australia Limited (MEO).

Michael brings a wide mix of commercial and technical skills and experience which complement the skills of the other Board members of Tap.  In particular, Michael has substantial experience with managing companies of similar size to Tap (including investor relations, business development, asset management, takeover defence), and has maintained good contacts in both the resources and financial markets industries.

First Last

Douglas A Schwebel


Non-executive Director (Director since 16 February 2012)
Chairman of Remuneration Committee, Member of Audit and Risk, Nominations and Reserves Committees

Douglas Schwebel has over 35 years’ experience in the oil and gas sector working in both large and small companies.

During his 26-year career with ExxonMobil between 1980 and 2006, Douglas held various technical and managerial positions in Australia, the USA and Asia.  His roles covered the upstream value chain, from strategy development to exploration, resource commercialisation, development and production.  He has managed large successful exploration drilling campaigns in Australia and South East Asia.  He was responsible for the discovery of the giant Jansz-Io gas field on the North West Shelf and played a key role in its integration into the Gorgon LNG project.  He also had a lead role in efforts to commercialise the giant Hides gas field in PNG.

Between 2008 and 2011, Douglas was Chief Executive Officer of privately owned Pexco NV and its Australian subsidiary Benaris International Pty Ltd.  During his time with Pexco, he oversaw a period of growth during which the company increased its interests in the Geographe-Thylacine gas project in offshore Victoria and expanded its exploration footprint in South East Asia.

Douglas has also served as a Non-Executive Director on the Boards of Roc Oil Limited and Great Artesian Oil & Gas Limited, and is currently a Non-Executive Director of Beach Energy Limited.

Douglas’ technical and commercial experience across all aspects of the upstream oil and gas business has given him a set of skills, which complement the other members of the Tap Board.

First Last

Tom Soulsby


Non-executive Director (Director since 1 January 2016)

Mr Tom Soulsby is a graduate of Swinburne (B. Bus (Acct)) and Monash University (Grad. Dip. Asian Stud.) and has over 25 years' experience in the oil and gas and resources sector spanning investment banking, corporate business development, and management and leadership roles.

Tom initially worked as an accountant, starting his career at KPMG and Western Mining before moving to Potter Warburg (now UBS) in Melbourne as a resources equity research analyst.  He subsequently joined ANZ in Melbourne, before being posted to Jakarta and then Singapore as Regional Head of Corporate Finance and as a Director of ANZ Singapore Ltd.

After ANZ, Tom was a founding Director at Indonesian-listed Energi Mega Persada (EMP) in 2003 and until 2008, where he was responsible for the acquisition of assets which added 525 MMboe to EMP’s 2P reserves – a key growth driver for the company.

Bringing together his extensive experience in resource industry management and investment banking, as their Chief Executive Officer Tom was instrumental in growing Risco Energy, its capabilities and delivering value to its shareholders.  Tom is also currently a Director of Lion Energy Ltd.

Tom has substantial commercial and resource industry experience, with extensive knowledge of the South East Asian market,  giving him a skill set that complements the other members of the Tap Board.

First Last

Chris Newton


Alternate Director (Director since 1 January 2016)

Mr Chris Newton is a geology graduate from the University of Durham, England and also holds a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia (SIA).  Chris has had a 37 year career in oil and gas covering the spectrum of the industry – from exploration, development, production and petroleum economics to strategic planning, business development and senior leadership.

Chris has spent more than 25 years in senior resource industry roles in South East Asia including as Managing Director of Fletcher Challenge in Brunei and of Shell Deepwater Borneo, President of Santos’ Indonesian operations, and CEO of Jakarta-listed oil and gas company EMP.

Chris was an active Director of the Indonesian Petroleum Association (IPA) between 2003 to 2008, including serving as President from 2004 to 2007. He remains active in the IPA, is the oil and gas advisor to the Jakarta-based Castle Asia Group and is also currently a Director of Lion Energy Ltd.