VIRTUS OIL AND GAS CORPORATION
Headquartered in Houston, Texas, Virtus Oil and Gas was founded in 2013 with the mission of acquiring and developing onshore oil and gas working interests in proven basins in the United States, such as the Central Utah Thrust Belt Region. The company's ultimate strategic focus is the development of oil and natural gas production and reserves.
As part of our corporate strategy, we believe in the following fundamental principles:
- Acquire oil and gas properties that give us a majority working interest and operational control
- Maximize the value of our properties by increasing production and reserves while controlling costs
- Utilize a highly experienced team of geologists, engineers, and landmen
- Remain focused on proven reserves located in major basins in North America
POSITIONED FOR GROWTH
Virtus Oil and Gas is in the process of acquiring producing oil and gas properites. It has signed Asset purchase agreement for acquisition of oil fields in Utah and Colorado.
Virtus is also actively seeking projects in the major North American producing basins.
Virtus Oil and Gas is backed by a management team that is experienced in taking energycompanies from the start-up and early development phases through the period of reservesand capital growth within a public company environment. The executive team at Virtus Oiland Gas has held and currently hold senior management positions and boardmemberships with several successful small- and medium-sized producers.Together, the team brings more than 100 years of combined oil industryexperience to Virtus.
Chief Executive Officer
Mr. Ireland before assuming the role of Company CEO recently served as the Head of Trading at CARAX a brokerage firm that focuses on high volume execution in cash equities and derivatives trading. Mr. Ireland was a sales trader from 2010 to 2014 in the international offices of CARAX. From 2009 to 2010, Mr. Ireland was a sales trader at the brokerage firm, OCM Capital Markets. Mr. Ireland began his career in the financial services industry in 2003 by working in the marketing and public relations department of City Index, a brokerage firm that offers online financial spread betting, foreign exchange and Contract for Difference (CFD) trading.Mr. Ireland later joined the equities trading desk of City Index, where he traded oil and gas futures and CFDs. Mr. Ireland received his bachelor’s degree in business from the University of Newcastle.Mr. Ireland brings with him an enormous amount of energy company operations knowledge, plus a multitude of business relationships and contacts in the energy industry which will directly benefit Virtus now and in the future.
Brett A. Murray
Chief Operating Officer
Brett A. Murray worked for Gunnison Energy Corporation an Oxbow Company owned by William Koch in 2012 as Land Manager. Prior to GEC, Mr. Murray spent time with Phil Anschutz’s private company, Anschutz Exploration Corporation where he was heavily involved in the $1.4B divestiture of the company’s Southern Bakken properties and as well as its $114MM Northern Bakken property sale. Murray went to work at Sundance Energy, Inc. in 2008, and was promoted to Land Manager at age 27. While at Sundance, he was involved with multiple divestitures and business development of nearly 150,000 acres and nearly $80MM in transactions. At Anadarko he was a company landman that worked on curative issues before drilling in the Wattenberg Basin. Murray started his land career as a field landman in Northeastern Colorado. He was the main lease buyer for Tecton Energy where he had leased near 100,000 acres in the Albuquerque Basin, New Mexico. In 2008, Murray was a board member on Steve Naeve’s private company Houston Power Associates that focused on renewable energy in seven states. Murray earned a B.A. in Communications from Kansas Wesleyan University in 2003. In 2012, Mr. Murray was awarded the Young Alumnus Award Winner from his alma mater. He is also a Member of the American Association of Professional Landmen, Denver Association of Professional Landman, and Rocky Mountain Mineral Law Foundation
Chief Financial Officer
Steven M. Plumb, CPA is a seasoned senior executive and financial manager experienced in operations, finance and marketing. Prior to joining Virtus, Mr. Plumb held a senior management position at Hyperdynamics (HDY). Since 2001, he has served as the Owner and President of Clear Financial Solutions, Inc., a consulting firm that provides interim CFO services to small public companies. In this capacity he has prepared SEC filings, managed investor relations, raised capital, and conducted merger and acquisition activities. Mr. Plumb is also a former auditor with Price Waterhouse Coopers and KPMG. Mr. Plumb has a Bachelor of Business Administration degree from the University of Texas at Austin.
Dr. Robert Benson (Bob)
Dr. Robert Benson has had nearly forty years of exploration, development and management experience in the energy industry. He obtained his BSc in Geophysical Engineering and his MSc and PhD in Geophysics from the Colorado School of Mines in 1976, 1984 and 1997, respectively. A major focus of Benson’s work includes seismic data acquisition, processing and interpretation, in both the Rocky Mountains and worldwide. He has worked extensively in reservoir characterization with emphasis on multi-component, 3-D and 4-D seismic methods.
Benson began his career working as a senior seismic analyst at the Seismograph Service Corporation from 1976-1979, where he developed new processing routines for Rocky Mountain Area seismic data. In 1979 he went to work at Texas Pacific Oil/Sun Exploration, where he served as an exploration geophysicist, developing and evaluating oil and gas projects. After a serving with Texas Pacific for three years and working in a similar role at Placid Oil Company for one year he transitioned into private geophysics consulting. Between 1982 and 1987 he consulted with oil and gas companies, during which time he worked with company staff to develop existing oil and gas projects, and oversaw the total management of projects including budgets, scheduling and exploration strategies. In his most previous role prior to joining Virtus, Benson worked as a Research Associate Professor in the Department of Physics at his Alma mater. In this role he served as the co-director of the Reservoir Characterization Project, supervised and conducted research on reservoir characterization, and developed and used the latest techniques in seismic data field acquisition, processing, and interpretation.
Benson is a member of the Society of Exploration Geophysicists, the American Association of Petroleum Geologists, the Society of Petroleum Engineers, and the National Speleological Society, among other professional societies. His work has been published in a number of prestigious publications, including The American Oil & Gas Reporter, E&P Magazine, and The Leading Edge. He has given invited presentations at forums hosted by The Society of Petroleum Engineers and The Society of Exploration Geophysicists. His consulting experience and completed projects include work with over forty different companies, including Kinder Morgan, Petrobas and the Colorado School of Mines. He currently serves as the Exploration Director for Virtus Oil and Gas.
ENTERPRISE VALUE (May 20. 2016) :$ 637,000
AUTHORIZED SHARES: 500,000,000
SHARES OUTSTANDING:9/6 million
FLOAT: 5.9 million
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