Robert Hackett Email & Phone Number

Strathlyn manages the investment portfolio of the Arden Trust.

Brisbane, Australia

Hughes Drilling Limited (HDX) provides drilling service to the Australian resource industry and rig manufacturing for global markets. In Australia HDX operates in Queensland, New South Wales and Western Australia. Its rig manufacturing business trades under the name Reichdrill and is based in Pennsylvania, USA serving markets in Indonesia, Africa, North and South America. In Queensland it is the largest coal production drilling specialist with a client base consisting of Australia’s major mining contractors and mine owners. HDX holds approximately 50% of the Australian coal sector contractor blast hole market - making it one of the largest contract blast hole suppliers globally.

Muscat, Oman

MBPS is a multi-discipline land focused oil, gas and geothermal well site services company; drilling, workover, well test, coil tubing, wireline, completions, drilling fluids and similar. The business actively operates in 12 countries, annual revenue approx US$500m, employees approximately 5,000.Of the 13 direct reports the great majority were very competent and very professional men with great potential who with guidance, direction, basic organisation support, commercial frameworks and fair accountability they would deliver the changes required. The management team moved fast: * Introduced detailed monthly financial and operational reporting by divisional managers.* With a refreshed management team rolled out a cost reduction programme.* Restructured reporting lines to logical functional/operation groupings.* Replaced: COO, Logistics Manager, Purchasing Manager.* Terminated employees and suppliers known/suspected to be corrupt.* Empowered HR and HSE functionsExamples of what the team delivered - within 12 months the refreshed team achieved (on static revenue, data below relates to the core Oman operation):* Gross margin increase from 4% to 19%.* NPT (non-financially productive equipment time) reduced from 15% per month to 4% per month.* Oman based employee numbers reduced by 9% (299) from a peak of 3,735 to 3,436, with stable revenue.* Fuel consumption fell by 23% (400,000 litres) from 1.7m litres/month to 1.3m litres/month on stable operational activity (primarily a reduction of in-field theft).* Third party equipment hire costs reduced by 34% from US$657,000 per month to US$431,000 per month by restructuring field operations.* Purchasing line item orders fell by 55% from a peak of 6,278/month to 2,851 per month. In conjunction with significant reduction in material requisition ageing profile.

Century is a leading land based oil, gas and geothermal drilling company in the medium to heavy drilling sectors of South East Asia, Australia and New Zealand.At my commencement 3 of 4 operating division in 5 countries were unprofitable. My appointment was with the specific objective of “turning-around” the business, put in place a refreshed management team, determining and implementing the strategy for the business. Further, despite the high risk nature of the business, it had no functioning HS+E system and an entrenched culture of HSE (and operational) risk acceptance.The leadership team (CEO, COO, CFO, HSE Manager, Department and Business Unit Managers) delivered performance improvement through:• Financial discipline - new systems• Introduction of clear reporting systems with accountability down the “line”.• Disposal of non-core businesses.• Setting the strategic focus of the business; refocus away from Australia towards New Zealand, India, Philippines; changing Indonesia from a “geothermal” business to an “oil and gas” business. • Rationalising and modernising the operating assets creating a more focussed modern and marketable fleet.• Leading the marketplace to higher price structures (on the back of higher quality and safer service).• Leading the market on HSE thereby matching, ahead of competitors, clients evolving expectations/corporate requirements• Creating a functioning HSE Department, systems, training programs, promoted operational staff with a strong HSE focus, termination of those managers lacking the right attitudes for the future direction of the business. Results: significant progressive reduction in severity and number of incidents.• Driving-out key competitors in Indonesia and New Zealand• The improved profitability, modernized management systems (in particular financial discipline) and a client base now comprising of Exxon, Chevron, Contact Energy and similar. I acted as “marriage broker” for the sale of Century to MB Petroleum.

Barclay Mowlem was the South East Asia & Australasian operation of the UK construction group John Mowlem PLC.• Packaged and secured finance and construction deals ranging from $3m to $90m with margins in the range 8% to 15% (industry norm 3.5% to 4.5%).• Advised on credit structuring and modelling of BOO projects.• Trouble shooting included:- Organised financing for client which was unable to meet $multi million payments to Barclay Mowlem.- Arranged finance for a client that was previously bankrupt.- Arranged project end funding for a client to enable residual payments to Barclay Mowlem

Identified and executed merger, acquisition and divestment transactions on behalf of clients.

Mba, Business

MBA

Bach. Of Engineering, Civil Engineering, Honors

B. Engineering (Hons. civil)

Bachelor Of Engineer, Civil & Structural (Hons)