Somerton Energy Corporate Governance Practices

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	Somerton Energy Limited 25 Conyngham Street GLENSIDE SA 5065 Australia P +61 8 8433 1481 F +61 8 8338 2336 ABN 38 089 956 150

Corporate Governance Practices

The Corporate Governance Policies of Somerton Energy are guided by the ASX Corporate Governance Council 's Principles and Recommendations document. This document is used as a focus for re-examining the Company's corporate governance practices and to determine whether and to what extent the Company may benefit from a change in approach, having regard to the Company’s particular circumstances.

The Board of Directors of Somerton Energy Limited is committed to good corporate governance taking into account the Company's size and operations. The Board has a range of policies and processes in place to ensure the rights of the Company and its shareholders are protected.

The Board of Directors has established a range of policies and practices which support the Company’s Corporate Governance Statement and the Principles and Recommendations. These policies and practices may be viewed below:

Compliance with the Law Policy (65kb)

Company Securities Policy (64kb)

Conflict of Interest Policy (81kb)

Continuous Disclosure Policy (80kb)

Cultural Heritage Policy (86kb)

Environmental Policy (80kb)

Audit and Compliance Committee Charter (168kb)

The Directors are responsible for the corporate governance of Somerton Energy Limited and for protecting the rights and interests of shareholders. The Board, when appointing committees, will determine the terms of reference and reporting accountability. In general terms, all committees will be responsible to the Board which will ratify committee findings and decisions.

It is the policy of the Board to maintain at least a balance of executive and non–executive Directors and implement a number of corporate governance practices through the following specialist committees:

Audit, Compliance & Governance Committee
This Committee is chaired by Mr Mullins and comprises Messrs Mullins & Kennedy.

Other Committees
From time to time, additional ad hoc or permanent committees will be appointed to overview functions or make findings on behalf of the Company.