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Level 10, 50 Pirie Street, Adelaide, SA 5000, Australia.

Mongolian Office

Express Tower #501, Khoroo 1
Chingeltei District, Ulaanbaatar, Mongolia

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Board Members

Richard Cottee

Non-Executive Chairman

Mr Cottee was appointed as the Non-Executive Chairman of the Company on 29 April 2019.

Mr Cottee was the Managing Director of coal seam gas (CSG) focused Queensland Gas Company (QGC) during its growth from a $20 million market capitalization junior explorer through to its acquisition by BG Group for $5.7 billion. QGC’s CSG assets are now operated by Shell and produce gas that is sold to China and other LNG markets. 
Originally a lawyer, Mr Cottee has spent the vast majority of his career in senior executive roles in the energy industry, including acting as CEO at CS Energy, NRG Europe, Central Petroleum and Nexus Energy.


A 32-year veteran of the industry, Mr Cottee is a strong business development professional and a graduate from The University of Queensland.

Neil Young

Managing Director and Chief Executive Officer

Mr Young was appointed to the Board of Elixir on 14 December 2018 as its Chief Executive Officer.

Mr Young has more than twenty years experience in senior management positions in the upstream and downstream parts of the energy sector, focusing on business development, new ventures, gas marketing and general commercial functions.


He has worked for a range of companies in the UK and Australian including EY, Tarong Energy and Santos.  Mr Young founded Golden Horde Ltd in 2011 with a view to exploring for gas on the Chinese border in Mongolia.  He has also developed various new ventures in other countries including Kazakhstan, Japan and the USA.

Mr Young has a M.A. (Hons) joint degree in Economics/Politics from the University of Edinburgh.

Dougal Ferguson

Non-Executive Director

Mr Ferguson commenced as Chief Executive Officer of Elixir on 1 May 2014 and was appointed Managing Director on 4 September 2014. He ceased to be the MD on 15 April 2019 but continues to serve as a non-executive Director and Company Secretary.

Mr Ferguson has over 24 years of experience in senior management positions in listed upstream oil and gas for both domestic and international companies. Mr Ferguson has held senior positions with Salinas Energy Limited, ARC Energy Limited, Adelphi Energy Limited and Discovery Petroleum Limited, whilst also spending seven years in London with Premier Oil plc and Hess Corporation.


He has gained broad commercial and technical experience working in business development and commercial roles in small to medium exploration and production companies and has an extensive network of contacts in the industry.

Mr Ferguson has a commercial and business development background and has been responsible for sourcing, negotiating and closing the recent acquisition in Colorado together with the associated recapitalisation of the Company.

Stephen Kelemen

Non-Executive Director

Mr Kelemen was appointed as the Non-Executive Director of the Company on 6 May 2019.

Stephen led Santos’ coal seam gas (CSG) team from its inception in 2004 and drove the growth in this area that allowed Santos to become one of Australia’s leading CSG companies. An engineering graduate from Adelaide University, Stephen served Santos for 38 years in multiple technical and leadership roles.


Stephen is currently an Adjunct Professor at University of Queensland’s Centre for Coal Seam Gas and also acts as a non-executive Director on the Boards of Galilee Energy Ltd (ASX: GLL) and Advent Energy Ltd.