Jim Durrant was appointed to the board of Peak Oil in April 2009, and to the Raisama board in April 2011 following the successful takeover of Peak. He stepped down from the board in January 2015. Mr Durrant co-founded and was technical director of Strike Oil, playing a major role in developing the company into an ASX-listed oil & gas company having amassed a successful exploration and production portfolio including the offshore Casino gas discovery, a coal bed methane portfolio in eastern Australia, and successful US oil and gas production.
Mr Durrant is a member of the American Association of Petroleum Geologists, was a board member of the Australian Petroleum Production and Exploration Association (APPEA) for 8 years, and was state and national president of the Petroleum Exploration Society of Australia (PESA). He was awarded the PESA Meritorious Service Medal in 1998 and honorary life membership of APPEA in 2009.