The Conversation (0)
(TheNewswire)
 | |||||||||
 |  |  | |||||||
Global Oil & Gas Ltd (ASX:GLV) (Global or the Company) has identified the Piedra Redonda gas field located, in its entirety, within Global’s (80% holder) 4,858km2 oil and gas Tumbes Technical Evaluation Agreement (TEA or block) offshore Peru, where work carried out by the previous operator, BPZ Energy, and the internationally recognised oil and gas auditing firm Netherland, Sewell & Associates, Inc (NSAI) defined Contingent and Prospective resources for the Piedra Redonda gas field.
Highlights
- Piedra Redonda gas field contains ‘Best Estimate’ Contingent Resources of 404 billion cubic feet (Bcf) plus ‘Best Estimate’ Prospective Resources of 2.2 trillion cubic feet (Tcf) of gas audited by Netherland, Sewell & Associates, Inc.
- Piedra Redonda gas field is located within Global’s TEA offshore Peru and is a significant asset in its own right, requiring further evaluation in parallel with other significant oil prospects identified within the TEA
- Piedra Redonda will be the focus of the third and final area for reprocessing of existing 3D seismic to further refine and enhance this exciting gas field to understand the potential for future commercialisation
NSAI defined, with an estimate date of the 1 January 2010, a Best Estimate (2C) gross Contingent Resource of 404 billion cubic feet of gas (Bcf) (323 Bcf net to Global) from the existing discovery well C-18X and C-13X appraisal well, and in addition, a Best Estimate (2U) Prospective Resource# of 2.2 trillion cubic feet of undiscovered gas (Tcf) (1.8 Tcf net to Global) in the Piedra Redonda gas field. Please see the Notes in the Appendix relating to the estimates for further information.
#Cautionary Statement: The estimated quantities of gas that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These estimates have both a risk of discovery and a risk of development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially recoverable hydrocarbons.
Director Scott Macmillan commented:
“We are excited with the results of our initial review of the Piedra Redonda gas field which contains a best estimate of 404 billion cubic feet (2C gross) and further exploration upside of 2,200 billion cubic feet of gas (2U gross) in the Mancora Formation.
Piedra Redonda is located in shallow water within our Tumbes TEA area and will be further evaluated as part of the historical 3D seismic reprocessing exercise being undertaken by Global to mature our understanding of the play diversity and portfolio of prospects in the TEA.
Whilst we will continue to focus on the evaluation of the oil targets identified in the initial two seismic reprocessing areas selected, the Piedra Redonda gas field offers the Company a low risk discovered gas field with significant resources and further upside within the field which will be evaluated for potential commercialisation.”
Piedra Redonda Gas Field
The Piedra Redonda gas field is hosted in the Lower Oligocene Mancora Formation and is defined by a wedge-shape structural trap between two faults (Figure 1).
The Mancora Formation is composed of a series of lowstand and highstand stratigraphic sequences and is bounded by the younger Heath Formation of Late Oligocene age and Eocene age sediments (Figure 3).
Figure 1 – Piedra Redonda - Mancora reservoir depth map showing the C-18X and C-13X wells
The presence of gas was proven in 1978 by the C-18X well which was drilled in 55m of water and flowed at a maximum rate of 8.2 million standard cubic feet per day of gas (mmscfd), recovering a total of 128 million cubic feet of gas (mmcfg) during an extended test over 60 days.
Click here for the full ASX Release
This article includes content from Global Oil & Gas Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
GLV:AU
Charbone Hydrogen Secures Key Transport Infrastructure for Green Hydrogen Delivery from Flagship Quebec Production Facility
Brossard, Quebec, JULY 24, 2024 TheNewswire Charbone Hydrogen Corporation (TSXV: CH;
OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's only publicly traded pure-play green hydrogen company, today announced the arrival of its first tube trailer to be used in the transport and bulk delivery of compressed green hydrogen produced from the Company's City of Sorel-Tracy, Quebec flagship project to local and domestic customers.
Manufactured in the US and engineered to meet the most stringent American Department of Transportation (DOT) and Transport Canada (TC) regulations for the transportation of industrial gases, this first tube trailer is ready to be loaded with 316 kilograms of CHARBONE pure and green hydrogen. CHARBONE's higher facility compression standards will increase and optimize the volume capacity of each of its bulk loads, while reducing transportation and delivery costs per onboard kilogram.
Click Image To View Full Size
"With much of our hydrogen production components now ordered or secured with down payments already made, the delivery of our first green hydrogen tube trailer for our flagship Canadian project is another new and significant milestone reached," said Dave Gagnon, CEO of CHARBONE. "Our vision is to build a North American fleet of transport and delivery trailers as we continue to advance our green hydrogen production infrastructure. Each and every day, we are gaining momentum and valuable on-site experience that helps guide our North American portfolio planning and project deployments."
The Sorel-Tracy Green Hydrogen Project will serve as the Company's flagship facility, giving CHARBONE a first-mover advantage with production starting in 2 nd semester 2024. Following a phased approach, Phase 1 of the project will produce up to 400 kg per day of green hydrogen. Once reaching the full capacity, the facility will produce up to 10 tons per day.
With plans to introduce a second Detroit, Michigan area facility before year-end, CHARBONE intends to target additional low-supply / high-potential markets including New York, Ontario, Pennsylvania, Illinois, Wisconsin and California. CHARBONE has also been invited to respond and propose projects in two different large-scale RFIs (Requests for Information). All CHARBONE projects are targeting industrial actual users and replacing gray hydrogen produced from fossil fuels with a clean, and reliable alternative, providing a decarbonize product.
Shares for debts
With capital management efforts, as previously announced by press release on November 17, 2023, the Company confirms remuneration debts incurred since September 30, 2022 settlements of an aggregate of $195,000 with certain members of management, including its Chief Executive Officer, following reception of acceptance by the Exchange with the approval received from the disinterested shareholders on December 19, 2023. The 1,950,000 Common Shares issued pursuant to the debt settlement are subject to a statutory four month hold period.
About Charbone Hydrogen Corporation
CHARBONE is an integrated green hydrogen group focused on delivering a network of modular green hydrogen production facilities across North America. Using renewable energy sources to produce green (H2) dihydrogen molecules and eco-friendly energy solutions for industrial, institutional, commercial and future mobility users, CHARBONE plans to scale and deliver green hydrogen production facilities in both the US and Canada by 2024, with an additional 14 facilities planned by 2030. CHARBONE is the only publicly traded pure-play green hydrogen company with common shares trading on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information, please visit www.charbone.com
Forward-Looking Statements
This news release contains statements that are "forward-looking information" as defined under Canadian securities laws ("forward-looking statements"). These forward-looking statements are often identified by words such as "intends", "anticipates", "expects", "believes", "plans", "likely", or similar words. The forward-looking statements reflect management's expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Corporation's Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.
Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Contacts Charbone Hydrogen Corporation | ||||
Dave B. Gagnon | ||||
Chief Executive Officer and Chairperson of the Board | ||||
Telephone: | +1 450 678-7171 | |||
Email: | ||||
Daniel Charette | ||||
Chief Operating Officer | ||||
Telephone: | +1 450 678-7171 | |||
Email: | ||||
Benoit Veilleux | ||||
Chief Financial Officer and Corporate Secretary | ||||
Telephone: | +1 450 678-7171 | |||
Email: | ||||
Copyright (c) 2024 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Charbone Hydrogene securise une infrastructure de transport cle pour la livraison d'hydrogene vert a partir d'une usine de production phare au Quebec
(TheNewswire)
 | |||||||||
| | | |||||||
Brossard (Québec), le 24 juillet 2024 TheNewswire CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert, a annoncé aujourd'hui l'arrivée de sa première remorque tubulaire qui sera utilisée pour le transport et la livraison en vrac de l'hydrogène vert comprimé, produit à partir du projet phare de la société de la ville de Sorel-Tracy, au Québec, aux client locaux et nationaux.
Fabriquée aux États-Unis et conçue pour répondre aux réglementations les plus strictes du Département américain des transports (DOT) et de Transport Canada (TC) pour les gaz industriels, cette première remorque tubulaire est prête à être chargée de 316 kilogrammes d'hydrogène vert pure de Charbone. Les normes de compression plus élevées des usines de Charbone augmenteront et optimiseront la capacité volumique de chacun de ses chargements en vrac, tout en réduisant les coûts de transport et de livraison par kilogramme embarqué.
Click Image To View Full Size
" Alors qu'une grande partie de nos composantes de production d'hydrogène sont désormais commandés ou sécurisés avec des acomptes déjà versés, la livraison de notre première remorque tubulaire d'hydrogène vert pour notre projet phare canadien est une autre nouvelle étape importante franchie , a déclaré Dave Gagnon, Chef de la direction chez Charbone. " Notre vision est de construire une flotte nord-américaine de remorques de transport et de livraison tout en continuant à faire progresser notre infrastructure de production d'hydrogène vert. Chaque jour, nous gagnons en élan et en expérience précieuse sur le terrain qui nous aide à guider la planification de notre portefeuille nord-américain et les déploiements de projets . "
Le projet d'hydrogène vert de Sorel-Tracy servira d'usine phare de la Société, donnant à Charbone un avantage de premier arrivant avec une production commençant au 2 e semestre 2024. Suivant une approche progressive, la phase 1 du projet produira jusqu'à 400 kg par jour d'hydrogène vert. Une fois sa pleine capacité atteinte, l'installation produira jusqu'à 10 tonnes par jour.
Avec l'intention d'ouvrir une deuxième usine dans la région de Détroit, dans le Michigan, avant la fin de l'année, Charbone a l'intention de cibler d'autres marchés à faible offre et à fort potentiel, notamment New York, l'Ontario, la Pennsylvanie, l'Illinois, le Wisconsin et la Californie. Charbone a également été invité à répondre et à proposer des projets dans deux RFI (Demande d'informations) différentes à grande échelle. Tous les projets de Charbone ciblent les utilisateurs industriels réels et remplacent l'hydrogène gris produit à partir de combustibles fossiles par une alternative propre et fiable, fournissant un produit décarboné.
Actions pour règlements de dettes
Grâce aux efforts de gestion du capital, comme annoncé précédemment par le communiqué de presse du 17 novembre 2023, la Société confirme les règlements de dettes de rémunération contractées depuis le 30 septembre 2022 d'un montant total de 195 000 $ avec certains membres de la direction, dont son Chef de la direction, à la suite de la réception de l'acceptation de la Bourse et de l'approbation reçue des actionnaires désintéressés le 19 décembre 2023. Les 1 950 000 actions ordinaires émises dans le cadre du règlement des dettes sont assujetties à une période de détention légale de quatre mois.
À propos de Charbone Hydrogène Corporation
Charbone est un groupe intégré de production d'hydrogène vert axé sur le déploiement d'un réseau nord-américain d'usines de production. En utilisant des énergies renouvelables pour produire des molécules de dihydrogène (H2) et des solutions écoénergétiques et respectueuses de l'environnement aux utilisateurs industriels, institutionnels, commerciaux et de la mobilité future, Charbone prévoit déployer et livrer des usines de production d'hydrogène vert aux États-Unis et au Canada d'ici 2024, et 14 usines supplémentaires sont prévues d'ici 2030. Charbone est la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert avec ses actions ordinaires se négociant sur la Bourse de croissance TSX (TSXV: CH); les marchés OTC (OTCQB: CHHYF); et la Bourse de Francfort (FSE: K47). Pour plus d'information, merci de visiter www.charbone.com .
Énoncés prospectifs
Le présent communiqué de presse contient des énoncés qui constituent de « l'information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l'intention », « anticipe », « s'attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s'y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l'inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l'adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.
Sauf si les lois sur les valeurs mobilières applicables l'exigent, Charbone ne s'engage pas à mettre à jour ni à réviser les déclarations prospectives.
Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n'acceptent de responsabilité quant à la pertinence ou à l'exactitude du présent communiqué.
Contacts
Pour de plus amples informations, veuillez contacter :
Dave B. G agnon | ||
Chef de la direction et président du conseil d'administration | ||
Corporation Charbone Hydrogène | ||
Téléphone bureau: +1 450 678-7171 | ||
Courriel: dg@charbone.com | ||
Daniel Charette | ||
Chef de l'exploitation | ||
Corporation Charbone Hydrogène | ||
Téléphone bureau : +1 450 678-7171 | ||
Courriel: dc@charbone.com | ||
Benoit Veilleux | ||
Chef de la direction financière et secrétaire corporatif | ||
Corporation Charbone Hydrogène | ||
Téléphone bureau: +1 450 678-7171 | ||
Courriel: bv@charbone.com |
Copyright (c) 2024 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Source Rock Royalties
Overview
Source Rock Royalties (TSXV:SRR) is a Calgary, Canada based company exclusively focused on oil & gas royalties in the provinces of Alberta and Saskatchewan. Source Rock's portfolio primarily consists of royalty interests focused on oil, with concentrations in southeast Saskatchewan, central Alberta and west-central Saskatchewan. The portfolio comprises:
- Various gross overriding royalty interests in southeast Saskatchewan.
- A gross overriding royalty in largely contiguous Clearwater interests in Central Alberta.
- A production volume royalty in Viking mineral rights in east-central Alberta.
- Various gross overriding royalties in central Alberta.
- Various gross overriding royalties in the west-central Saskatchewan Viking light oil play.
Source Rock Royalties offers investors low-risk and low-capital-cost exposure to the oil & gas sector in western Canada. The royalty business model offers the benefit of sharing in production revenue without exposure to the capital costs associated with drilling, development, maintenance, abandonment, environmental and other obligations.
Since its inception, Source Rock Royalties has consistently pursued royalty acquisitions, even amidst significant energy market fluctuations. The company has primarily concentrated on non-marketed royalty acquisitions rather than opportunities marketed through formal third-party processes. Leveraging strong relationships within the oil and gas sector in the Western Canadian Sedimentary Basin, Source Rock identifies and accesses niche royalty acquisitions.
Source Rock acquired new royalties worth nearly C$13 million in 2023 and a total of C$16.5 million since its IPO in March 2022. These acquisitions effectively doubled Source Rock’s royalty acreage, significantly enhancing both its current royalty production and its exposure to potential undeveloped drill locations. Source Rock generated C$6.6 million in royalty revenue in 2023, the highest in its 11-year history.
Source Rock endeavors to keep costs low, thereby maximizing cash flows. Aside from the CEO and CFO, additional technical oil and gas professionals are engaged by Source Rock as consultants on an as-needed basis. Currently, Source Rock Royalties employs only one full-time staff member. The low-cost base ensures consistent cash flows as evidenced by its more than 11-year track record of delivering positive funds from operations.
Strong cash flow allows the company to consistently pay and increase dividends. Source Rock has paid ~$17 million in dividends to shareholders since 2014. Source Rock increased its dividend twice in 2023, for a total increase of 20 percent.
The current monthly dividend is $0.006 and is sustainable given that it can comfortably be funded by current operations even at a lower oil price scenario of C$60/bbl (or US$50/bbl WTI).
The management and board of directors have a proven track record of creating value in the oil & gas industry. The insiders own 9.5 percent of Source Rock’s common shares, aligning their interest to that of the shareholders by directly participating in the same financings as outside shareholders since inception. The company has a strong institutional shareholder base with CN Rail Pension Fund owning approximately 21 percent of Source Rock’s common shares. Source Rock Royalties has a clean capital structure with only ~45 million common shares issued and outstanding.
Source Rock focuses on a balanced growth and yield model, limiting volatility in returns for shareholders. Source Rock offers investors a unique opportunity to gain exposure to the oil & gas sector.
Company Highlights
- Source Rock Royalties is a Calgary, Canada based pure-play oil and gas royalty company, with a focus on Alberta and Saskatchewan; the only junior oil and gas royalty company listed on the TSXV.
- Source Rock concentrates on acquiring royalties in areas with proved reserves, foreseeable future high rate-of-return drilling upside, and partnering with operators that are financially and operationally prudent.
- Owning and managing royalties is a capital-light business model offering the benefit of sharing in production revenue without exposure to the capital costs associated with drilling, development, maintenance, abandonment, environmental and other obligations.
- Source Rock Royalties has a diversified oil-focused portfolio of royalty interests concentrated in southeast Saskatchewan, central Alberta, and west-central Saskatchewan with well-positioned royalty payors. Oil exposure allows for a strong netback (profit) per barrel even during periods of lower commodity prices.
- Source Rock Royalties has a proven track record of executing on its balanced growth and yield business model. The company has achieved 11 years of positive cash flow and provided ~$17 million in dividends back to shareholders since 2014.
- Source Rock Royalties anticipates its current monthly dividend of $0.006 to be comfortably funded with cash flow by current operations down to oil prices of C$60/bbl (or US$50/bbl WTI).
- The management and board of directors have a proven track record of creating value in the oil & gas industry. The insiders own 9.5 percent of Source Rock’s common shares, aligning their interests to that of the shareholders.
- The company has a strong institutional shareholder base with CN Rail Pension Fund owning approximately 21 percent of Source Rock’s common shares.
- Insiders and key shareholders have an average cost on their shares of ~$0.90 (there were never any cheap Founders or seed shares issued).
- Source Rock Royalties does not use debt in its business and always maintains a cash balance (currently ~$2.2 million).
Royalty Assets
Source Rock's current portfolio comprises royalties primarily focused on oil (95 percent), spread across southeast Saskatchewan, central Alberta and west-central Saskatchewan. The company holds varying gross overriding royalties in more than 150,000 gross acres of land. Additionally, Source Rock owns a production volume royalty in Viking mineral interests situated in lands in east-central Alberta.
The majority of Source Rock's royalties are derived from top-line revenue, resulting in minimal exposure to deductions linked to production costs from wellbores and the sale of various commodities. Also, the majority of its current royalty payors are financially stable and possess robust capabilities to efficiently operate and enhance the value of the lands in which Source Rock holds royalties. Some of the key royalty payors include Whitecap Resources (TSX:WCP), Rubellite Energy (TSX:RBY), Surge Energy (TSX:SGY), Crescent Point Energy (TSX:CPG) and Anova Resources (Private), among many others.
1. SE Saskatchewan Light Oil Gross Overriding Royalties
The company holds gross overriding royalties in approximately 35,000 gross acres of land in southeast Saskatchewan. The key operators include Whitecap Resources, Vermilion Energy (TSX:VET), Anova Resources (Private), Crescent Point Energy, Tundra Oil & Gas (Private), ROK Resources (TSXV:ROK), Woodland Development (Private) and Saturn Oil & Gas (TSX:SOIL). Future development activities on gross overriding royalty lands will be focused on the Frobisher Formation. The Frobisher Formation, characterized by shallow depths and conventional light oil, does not necessitate hydraulic fracturing, making it one of Canada's most economically viable light oil plays.
2. Clearwater Heavy Oil Gross Overriding Royalty
The company holds a gross overriding royalty in approximately 61,440 net acres of land in the Figure Lake area of central Alberta. Rubellite Energy is the operator of gross overriding royalty lands and the production is entirely from the Clearwater Formation. The gross overriding royalty initially carries a royalty rate of 1.5 percent until the cumulative royalty revenue received by Source Rock matches the purchase price. At that point, the royalty rate decreases to 1 percent. The operator has committed to drill 59 horizontal wells on the lands by June 2026.
3. Hamilton Lake Unit Viking Light Oil Royalty
Source Rock earns a production volume royalty supported by production from Hamilton Lake Unit and Viking lands of Axiom Oil & Gas. Pursuant to the production volume royalty agreement, Source Rock's remaining entitlement to royalty volumes from the Hamilton Lake Unit is as follows:
- 2024 – 75 bbl/d; 2025 – 70 bbl/d; 2026 – 39 bbl/d
- 2027 to 2034 – 20 percent lower on a per-day basis than the prior calendar year; and
- January 1, 2035 – conversion to a 0.50 percent gross overriding royalty in the Hamilton Lake Unit or a $500,000 pay-out, at the discretion of the royalty payor.
4. Central Alberta and Saskatchewan Gross Overriding Royalties
Source Rock owns varying gross overriding royalties in approximately 60,000 gross acres of land located in west-central Saskatchewan and central Alberta. The west-central Saskatchewan gross overriding royalty lands produce predominantly light oil from the Viking and Mannville formations. The Central Alberta gross overriding royalties produce from various formations and include exposure to several low-decline properties that are under waterflood.
Management Team
Brad Docherty – President, Chairman and Chief Executive Officer
Brad Docherty is the Founder of Source Rock Royalties, and has held the positions of president, chief executive officer and chairman of the company since its incorporation. Previously, he was a corporate finance & securities lawyer at Gowlings and served as the president, CEO and director of Exito Energy and Exitio Energy II, both capital pool companies on the TSXV.
Cheryne Lowe – Chief Financial Officer
Cheryne Lowe is a seasoned financial professional with extensive experience in companies listed on the Toronto Stock Exchange and the TSX Venture Exchange. She also brings a background in the upstream oil and gas industry and the Canadian capital markets. Her most recent role was interim CFO at AgJunction (TSX:AJX), an agriculture technology company, which was acquired in late 2021. Previously, she served as CFO and corporate secretary at Pine Cliff Energy (TSX:PNE), and as vice-president finance and CFO at Orlen Upstream Canada and its predecessor, TriOil Resources. Lowe began her career with KPMG and later worked as an Institutional Research Associate with Tristone Capital.
John Bell – Director
John Bell is the president and chief financial officer at WCSB Blockchain Infrastructure. Prior to this, he served as the director of finance at Tidewater Midstream and Infrastructure (TSX:TWM).
Dean Potter – Director
Dean Potter serves as the executive chairman and CEO of Burgess Creek Exploration. Additionally, he is the president at DPX, a private company engaged in petroleum exploration and development. He is a member of the Saskatchewan oil and gas Hall of Fame and has more than 40 years of geological expertise that has been focused on making discoveries in SE Saskatchewan.
Gary McMurren – Director
Gary McMurren is the vice-president of engineering at Southern Energy (TSXV:SOU). He was previously the vice-president of engineering at Gulf Pine Energy Partners. Formerly, he held various engineering roles with Athabasca Oil (TSX:ATH).
Shaun Thiessen – Director
Shaun Thiessen is vice-president of land and business development at Astara Oil. Prior to this, he held the same title at Astra Oil from inception until its sale. Formerly, he was the director of land at PrairieSky Royalty (TSX:PSK).
Scott Rideout – Director
Scott Rideout is vice-president of land at Headwater Exploration (TSX:HWX). He was previously vice-president of land at both Baytex Energy (TSX:BTE) and Raging River Exploration (Private).
June-Marie Innes – Director
June-Marie Innes is currently CFO at Thread Innovations. She previously held progressively more senior roles at Tamarack Valley Energy (TSX:TVE).
Jordan Kevol – Director
Jordan Kevol is currently involved with Westgate Energy, a private oil and gas producer undertaking a listing on the TSXV. Previously, he was the president & CEO of Blackspur Oil.
This profile was written in collaboration with Couloir Capital.