The role of the Board of Directors (the "Board") of Equator Exploration Limited ("Equator" or the "Company") is to provide the entrepreneurial leadership to create prosperity whilst overseeing the Company's relations with shareholders and the management of the Company.

The Board is responsible to balance stakeholder interests and the Company's interests in the light of market forces, the law and relevant regulations. The Board will achieve this within a framework of prudent and effective controls, which enable risk to be assessed and managed.

The Board shall set the Company’s values and standards, ensure that the necessary financial and human resources are in place for the Company to meet its objectives and is responsible for reviewing the performance of the management.

A detailed description of the responsibilities of the members of the Board is contained in the document available below, "Equator Board and Corporate Governance Handbook":