TKGN -- Tekoil & Gas Corporation
Address:
25050 I-45 North
Suite 525
The Woodlands, TX 77380
Website:
http://www.tekoil.com
Email: info@tekoil.com
Phone: 281-304-6950
Fax: 281-364-8007
Contact Person:
Mr. Eric Ottens, Executive Vice President
ericottens@tekoil.com
Business Description:
Oil and Gas Exploration and Development
Primary State of Incorporation: Delaware
Country of Incorporation: USA
Year of Incorporation 2002
Officers:
Mark S. Western, Chairman/President/CEO; Frank Clear, Dir./COO; Richard Creitzman, Dir.; Gerald Goodman, Dir./CFO; Eric Ottens, Executive VP
Fiscal Year End: December 31
Edgar Filing Status: Non EDGAR Filer
Outstanding Shares: 18,865,175 as of 2006-11-08
Estimated Market Cap: 18.487M as of 2007-02-02 (based on Outstanding Shares as of 2006-11-08)
Authorized Shares: 200,000,000 as of 2005-10-06
Float: 711,200 as of 2005-10-14
Number of Shareholders of Record: 100 as of 2006-05-01
Transfer Agent:
Holladay Stock Transfer, Scottsdale, AZ 85251
Tekoil & Gas Corporation Announces Strategic Alliance for Canadian Project
About Tekoil & Gas Corporation:
Houston based Tekoil & Gas Corporation, is a technology driven, oil and gas exploration and Production Company that utilizes advanced production technologies. The company is focused on the development, acquisition, stimulation, rehabilitation, and asset improvement of small- to medium-sized oil and gas fields throughout the North American Continent. The combination of energy fuel reserves and advanced yield technologies are anticipated to generate value for Tekoil and its stakeholders, as the company targets above average growth in the 21st century energy sector. Additional news and information will be made available on the new Tekoil website at www.tekoil.com, and through further press releases as acquisitions and development projects are executed.
Executive Management
Mark S. Western - Chairman, President & CEO
Mr. Western was born and educated in England, and spent the first twelve years of his professional career as an engineer, in oil and gas exploration and production. He participated in numerous onshore and offshore, well service, testing and production operations, in the North Sea, Middle East, Far East and North Africa, including DST (drill stem testing), Sand Fracture and Acid Stimulation programs. He also spent two years commissioning a production platform for Amoco in the Rijn Oil Field, Dutch Southern North Sea Sector. This involved the implementation and supervision of complex gas and water injection systems, formation stimulation and flow-assurance programs.
In the early 90's, Mr. Western founded Completion and Production Services, Ltd., to lead exploration projects for Maersk Oil and Gas, with Schlumberger in Esbjerg, Denmark. He has performed testing, maintenance, and flow-assurance programs on some of the largest oil and gas fields in the world.
In 1995 due to an uncertain economic outlook within the industry Mr. Western relocated to the United States and pursued an alternative career path in the energy sector. During 1997, Mr. Western became President of a Las Vegas based LED lighting firm, and successfully negotiated a $39 million, five year contract with Illinova Energy Partners, a subsidiary of the $5.7 billion utility giant, Illinova. During February of 1998, Mr. Western formed an LED spin-off venture named UNERGI, Inc., and by August 1999, had negotiated a merger with public company, New Millennium Media International, and retired from the firm.
Mr. Western returned to the Oil and Gas industry in 2002, and formed TEKOIL to develop and utilize revolutionary oil and gas recovery enhancement technologies, while building a competitive, highly visible, global energy production company.
Richard Creitzman - Director
Mr. Richard Creitzman has spent the past twelve years working in Russia and parts of the Former Soviet Union. He has held senior executive positions in trade finance, commodity finance and oil and gas exploration for one of Russia’s largest and fastest growing oil companies, Sibneft. As Head of Corporate Finance, Mr. Creitzman was responsible for complex finance negotiations, insurance, international press and corporate relations.
During his tenure, Sibneft successfully raised $900 million via two successful Eurobonds, and over $1.5 billion in trade finance, taking his total placements while in Russia to more than $2 Billion in secured financing, and over $1 billion in unsecured financing. He also placed shares into the market via international placement and increased shareholder value for Sibneft by more than 250%.
In July 2003, Mr. Creitzman also became a Director of Chelsea Limited in London, a company that owns Chelsea Village and Chelsea Football Club, for which he was also appointed a Directorship. He was involved in the negotiation and running of the football club until August of 2004, following the takeover by new management. Mr. Creitzman was born and educated in England, and obtained a Bachelor of Science in Business and Geography, in the fields of Economics, Law, Accounting and Statistics.
Frank Clear - Director & Chief Operating Officer
Mr. Clear has been the Chief Operating Officer and a director of the Company since June 20, 2005, and he served as President of the Company from June 20, 2005, until August 17, 2005. Following 14 years in commercial banking, corporate finance and international banking, in 1984 Mr. Clear co-founded Oemtek, a personal computer manufacturing/assembly plant. The business was sold in 1990. He has since been involved as a consultant in several start-up companies in diverse industries, ranging from golf products, gearing technologies and internet technologies. Mr. Clear has experience in dealing with the World Bank, the Corporate Council of Africa, the U.S. Agency for International Development and rapid prototyping technologies with the University of Central Florida. He has associations with contacts in several oil producing countries in Africa. Mr. Clear completed his High School Education in Rhodesia.
Gerry Goodman - Director & Chief Financial Officer
Gerald is a partner in the Certified Public Accounting firm of Wiener, Goodman & Company, P.C. The regional firm located in Eatontown, NJ also has offices in New York and Pennsylvania. Gerald has vast experience in public accounting; he was the natural choice to chair the Audit Committee. Gerald provides audit, tax and management advisory services to his clients, and is the partner-in-charge of the SEC Practice Section of the firm. A major part of his client base is international, with clients in Hong Kong, United Kingdom, France, Germany and the CIS.
"The many tax issues created by exploration in different parts of the world and its effect on the taxability in the United States makes assisting Tekoil in the financial area of the company as a director an exciting opportunity," according to Gerald. "I welcome the challenge to assist Tekoil in planning its financial structure to carry it into the year 2005 and beyond." Gerald received a Bachelor of Science degree in accounting from Penn State in 1970. In 1983, he became a member of the American Institute of Certified Public Accountants.
Mr. Eric Ottens - Executive Vice President
Mr. Ottens brings 7 years of international oil and gas experience to the company. He worked five years as Finance Manager for a division of Baker Hughes International in Rio De Janeiro, and lived two years in Brazil working for a local oil and gas consulting company. For a period of four years Mr. Ottens was also the Regional Controller for Marriott Corporation in San Juan, Puerto Rico, and spent five years as the Managing Director for Global Telecom Network.
Fluent in Spanish and Portuguese, Mr. Ottens has developed and maintained a strategic network throughout his time in South America, including a number of key relationships with strong ties in the and oil and gas industry. He has joined the TEKOIL team to oversee the company's South American expansion plans. Mr. Ottens graduated in 1978 from the University of Maryland with a degree in Finance and Accounting.
Donna Parsons – Vice President Corporate Relations
Ms. Parsons was appointed to the position of Vice President of Corporate Relations on June 1, 2006. She also serves as a member of the certifying board with the Association of Engineering Technicians and Technologists of Newfoundland and Labrador.
Ms. Parsons
was born and educated in the Province of Newfoundland and Labrador, and brings a wealth of government related oil & gas experience to the Tekoil Team. She initially began her career within the Newfoundland government as a Petroleum Engineering Technologist for the Department of Natural Resources, and more recently as an Industrial Development Officer in their Industrial Benefits Division. Both roles involved extensive public relation activities relating to the petroleum industry within the Province. As a result, Donna has developed numerous key relationships with strong political and commercial ties in the oil & gas sector.
Her 8 years experience in government as well as her unique knowledge of the Province's onshore oil & gas industry should prove extremely beneficial to Tekoil and its ongoing expansion plans in the region.
Engineering Team
Ray Mireault-Fekete Associates
Mr. Mireault commenced his career working as a project engineer for Calgary Production Operations. This was from 1978 to 1981. He went on to gain experience working as a production engineer, a reservoir engineer, an exploitation engineer for several companies and in 1991 to 1995 worked for Gulf Canada Resources as a senior engineer for their Deep Plains Reserve additions unit. There he was responsible for reservoir economic and planning evaluation of producing and non-producing properties in West Central Alberta, and the integration of geology, geophysics and reservoir engineering to optimize property value within the context of overall corporate needs and performance.
In 1997 to 2001 Mr. Mireault was the Manager for The Production Optimization Group. He was responsible for managing a technical staff of seven. He conducted well reviews to optimize performance, to identify upside potential and to generate field development plans. He joined Fekete Associates, Inc., in June 2001 as a Specialist in their Reserves Development consulting division. This is where Mr. Mireault gained three years of invaluable experience working on the Eastern Canadian prospects discussed herein. He is now responsible for quality control of regulatory applications, exploration and development risk assessment, expert witness and non-routine technical/economic assessments. Mr. Mireault has kept abreast of all the latest technologies in the E & P engineering, exploitation and production arenas and has completed more than thirty training courses and symposiums since his career began.
Mr. Mireault graduated form The University of Manitoba, Winnipeg with a Bachelor of Science in Engineering in 1978. He is a member of The Association of Professional Engineers, Geologists and Geophysicists of Alberta, The Petroleum Society of CIM, the Canadian Society of Petroleum Geologists, and the Canadian Society of Exploration Geophysicists. Mr. Mireault is very well connected in the Canadian E & P Industry and is currently affiliated with Fekete Associates, Inc., a consulting company based in Calgary, Alberta, Canada that provides engineering, geological services and software to the oil and gas industry world-wide.
Richard G. Boyce - Chief Geophysicist
Mr. Boyce brings 26 years of exploration geology and geophysical experience to the Tekoil team. He began his career as a geophysicist for The Superior Oil Company with early training at their Geo-science Laboratory in Houston, Texas. In 1980, Mr. Boyce transferred to Midland, Texas to continue working for Superior Oil Company until 1983. During his ten year career in the Permian Basin, Mr. Boyce also worked for both Conquest Exploration Inc. and Hunt Oil Company. In 1991, Mr. Boyce transferred to Dallas, Texas where he served as the Chief Geophysicist for Hunt Oil Company and in 1992 was appointed the Exploration Manager for the Yemen Hunt Oil Company and the Exploration Vice President of the Hunt Oil subsidiaries, Ethiopia Hunt Oil and Jannah Hunt Oil.
In 1994 Mr. Boyce gained invaluable experience in Eastern Canada with Hunt, and was involved in developing the original exploration concepts, mapping and drilling the first deep exploration well in this geological province. In 1996, Mr. Boyce left Hunt Oil Company and started Exploration Consultants, a geo-science consulting partnership, and subsequently formed Partners In Exploration, LLC an exploration partnership that generated exploration opportunities in South Louisiana under a joint venture agreement with Pioneer Natural Resources, Inc.
In 1999, through a merger of assets, Partners In Exploration, LLC secured a 50% interest in the lucrative Block 20 exploration area located in the Republic of Yemen. Following the merger, Mr. Boyce was responsible for; negotiation of the Block 20 Production Sharing Agreement with the Yemen government, securing Occidental Petroleum as a major industry financial partner, and the successful implementation of a major 3D seismic campaign in Block 20. Mr. Boyce has served as a member of the Board of Directors and in positions of management including President and Chief Operating Officer.
Mr. Boyce graduated from the Colorado School of Mines in 1978 with a Bachelor of Science degree in Geophysical Engineering. He is a member of the American Association of Petroleum Geologists, the Society of Exploration Geophysicists and the Association of International Petroleum Negotiators. He is also a Registered Professional Geoscientist with the State of Texas, License #2179.
L. Bruce Hinton - Geophysical Advisor
Mr. Hinton brings 37 years of geophysical engineering and exploration expertise to the Tekoil team. After graduating from the Colorado School of Mines, Bruce joined Mobil Oil in 1968 ultimately becoming their Senior Geophysical Advisor. His job responsibilities included; technical quality of interpretations, data processing, land and marine seismic field crew operations, platform and well-site hazard surveys and computer applications. While based in New Orleans, he worked as staff geophysicist, mapping prospects using direct hydrocarbon indicators for all state and federal lease sales on the shelf of the Gulf of Mexico. While with Mobil International, Mr. Hinton lived and worked abroad for seventeen years in various expatriate assignments, including Libya, England, Norway, Cameroon and Indonesia. Bruce worked on the exploration team that discovered and delineated the four billion barrel Statfjord Field in the North Sea and headed the geophysical committee for the initial equity determination between ten companies and two governments with interests in that field. While in Indonesia, he managed the field operations of three seismic crews with a combined staff of over 11,000 people.
While "on loan" from Mobil Libya to Mobil North Sea, and through his mapping efforts, he was largely responsible for Mobil's acquisition of a block in U.K. waters that ultimately became the billion barrel discovery, Beryl Field. In 1990, Mr. Hinton began consulting for Hunt Oil Company in Dallas, Texas, which led to a seven year career with Hunt. He was responsible for various exploration and production projects in Africa, South America, Southeast Asia, Canada and the U.S.A. While working with the production geology group, he helped to discover two new fields in West Texas and several new pool discoveries in North Louisiana.
Mr. Hinton joined Dick Boyce at Partners in Exploration, LLC in 1997. He interpreted large regional 2D/3D seismic surveys in South Louisiana, completing an interpretation of 600 square miles of 3D seismic surveys in South Louisiana and integrating 5,000 miles of regional 2D seismic data which resulted in the identification of multiple drilling opportunities. Additionally, Bruce interpreted a large 2D/3D seismic project in East Texas to assess the potential of that client's acreage position on the Cotton Valley Reef Trend.
Company News
Wed, May 17 2006
Tekoil Announces Key Executive Appointment
http://biz.yahoo.com/iw/060517/0129851.html
Fri, Jul 7 2006
Tekoil Announces Filing of Form 10-SB
http://biz.yahoo.com/iw/060707/0142004.html
Thu, Nov 16 2006
Tekoil Executes Agreement to Acquire Galveston Bay Assets
http://biz.yahoo.com/iw/061116/0185201.html
Tue, Nov 21 2006
Tekoil Receives Approval for 3D Seismic Program Expansion
http://biz.yahoo.com/iw/061121/0186709.html
Wed, Nov 22 2006
Tekoil Pays Deposit to Acquire Galveston Bay Assets
http://biz.yahoo.com/iw/061122/0187494.html
Fri, Dec 29 2006
Tekoil Extends Masters Agreement; Engages Leading New York-Based Financial Institution
http://biz.yahoo.com/iw/061229/0198671.html
Thu, Jan 4 2007
Tekoil Executes Farmout Agreement With Ptarmigan Resources
http://biz.yahoo.com/iw/070104/0199659.html
Fri, Jan 12 2007
Tekoil/Ptarmigan Pay Deposit to Extend Newfoundland Lease
http://biz.yahoo.com/iw/070112/0202641.html
Wed Feb 14 2007
Tekoil and Masters Extend Agreement
http://biz.yahoo.com/iw/070214/0215509.html
Wed Mar 7 2007
Tekoil and Masters Agree Additional Extension
http://biz.yahoo.com/iw/070307/0223814.html
Thur Mar 22 2007
Tekoil and Masters Agree Further Extension
http://biz.yahoo.com/iw/070322/0229736.html
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