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Hopefully, one of these days Fortem Resources will be found on this page.
https://www.tsx.com/listings/listing-with-us/listed-company-directory
Select "Recently Listed" tab and check.
That is odd. Did your trade ever get confirmed?
Just followed this link from the last press release... It's an in-depth product review on Microsoft's healthcare website portal.
I'd you're an investor in this company, or a potential investor, you owe it to yourself to read this review.
https://customers.microsoft.com/en-us/story/hoi-health-azure
First paragraph.
"The Hoag Orthopedic Institute (HOI) is using a new digital tool to advance orthopedic care. Called ORHub, this surgical resource management solution runs on the Microsoft Azure platform and is accessed in the operating room on a Microsoft Surface device. With ORHub, HOI is improving teamwork, automating manual processes, and better understanding resource allocation in its spinal surgeries. By analyzing resource allocation with hopes of seeing correlation to outcomes, HOI is well on its way to enabling value-based healthcare......"
My response to a friend who expressed frustration with unmet expectations with FTMR..
"
Hard to say. I think a lot is hanging on the being uploaded to the TSX.
I think this is pretty great news.
"We are excited to announce our new revenue agreement," says ORHub CEO Colt Melby. "This is a very important milestone for ORHub and is demonstrative of our ability to rapidly and efficiently expand to key hospitals in major U.S. markets. I am very proud of our team and WE ARE ON TRACK TO EXCEED OUR CURRENT SALES GOAL FOR THIS YEAR." [ caps mine ]
Does anyone know if ORHub has disclosed what their Revenue projections are for 2017? And if so what their projection was?
Not too exciting, but good news none-the-less.
Cash portion of purchase agreement for Godin Property in Alberta paid for with stock.
CALGARY, AB / ACCESSWIRE / November 9, 2017 / Fortem Resources Inc. (OTCQB: FTMR) (the " Company ") is pleased to announce that is has issued 30,000 shares of common stock of the Company, at a deemed price of US$2.00 per share, in settlement of certain cash obligations arising out of a property acquisition agreement for the Godin Property, Alberta in the amount of US$60,000.
None of the securities issued have been registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. The securities issued must not be traded in or from a jurisdiction of Canada unless the conditions in Section 13 of Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over The Counter Markets are met. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.
On behalf of the Board of Directors,
FORTEM RESOURCES INC.
"Michael Caetano"
Michael Caetano
Chief Operating Officer
Phone: (403) 241-8912
Email: info@fortemresources.com
SOURCE: Fortem Resources Inc.
https://finance.yahoo.com/news/fortem-resources-inc-settles-cash-140000607.html
Hello slice and dice...
That's a great question. They are potential shares... if they get exercised.
They don't become shares until they're exercised. Sometimes you'll read about the fully diluted number of shares... Well that would be the number of actual issued shares and those that could potentially be exercised.
They're are even metrics that calculate the probability of warrants behind exercised based on how far the exercise price is from the actual price.
Hope this helps.
News release from Nov. 2, 2017
Highlights:
1. ...announces that all series of its outstanding warrants, scheduled to expire on December 31, 2017, will expire in accordance with their terms on such date and will not be further extended.
2. ORHub currently has approximately 30 million warrants outstanding in five series. As previously announced on June 21, 2017, the Series B and Series D warrants are exercisable at $0.50. The Series C, E, and F Warrants are exercisable at $3.00, $4.00 and $4.00 respectively.
3. Since July 1, 2017, ORHub has received approximately $4.7 million in equity and debt financings
https://www.otcmarkets.com/stock/ORHB/news/ORHub--Inc---ORHB--Warrants-Set-to-Expire-on-December-31--2017?id=174282&b=y
It seems this letter is simply the opinion letter regarding the validity of the quarterly report made on October 13, 2017.
I briefly thought it was a report about the audit, but it's just concerning the OTC Markets requirement for up to date information about the quarterly filings.
I expect we'll hear about the two year audit when it is complete.
Attorney Letter with Respect to Current Information
https://www.otcmarkets.com/financialReportViewer?symbol=ORHB&id=181346
Agreed. I think that that day will come.
But just as crawling comes before walking and running, so ORHB has to progress through multiple stages of development. As they say, one step at a time.
At the point in time when ORHB is generating revenue and fighting for market share the risk/reward ratio will be substantially lower... and I'm pretty sure the stock price substantially higher.
At that point it'll be time to sit back and relax, and let the company and market do it's thing.
For now, each step is a sign of maturity, each product expansion, each business relationship, each project development, each new hospital, each new hire, each stock tier, etc, etc.... Are all signs that we're heading in the right direction. :)
Keeping link for future reference. Thanks.
Very interesting
Agreed. I'm continuing to expect great things.
I'm thinking this down trend or doldrum trading is going to be short lived. We were told in recent press releases that an auditing firm was engaged and that we expected to hear / see the completed two year audit by mid October.
Granted we're approaching the end of October, but I have to believe that that just means the audit will be completed and released sooner rather than later.
What else is happening? Not sure... but we also learned in the last month that additional hospital(s) were giving our software package a try. From prior news releases it seems our initial clients have been very pleased with the information mined from our software-as-a-service product.
It's seems to me to be all good news!
Other thoughts?
Well...
We actually had some decent (for us) volume today.
If you look back at the chart, this is kind of what it does. Moves, plateaus, go slow to dormant and then moves up again.
Guess we'll see if the pattern continues. :)
https://ih.advfn.com/p.php?pid=charts&symbol=NO%5EFTMR
(HIT THE ONE YEAR BUTTON ON THE BOTTOM TO SEE)
I updated the IBox with current information from the website. If you've not been on the website recently, it is being refined and improved right along.
Check it the IBox and let me know what you think. The valuation "guesstimate" doesn't include the latest acquisitions and financings, but I think the dollar value of $2.00 is the clearly our initial value for most everything.
Now what these properties are worth... and what they will be worth when their reserves are proven will be something else (more!).
I thought their vision statement was quite good.
Our Corporate Vision
Energy. Growth. Vision.
Build its company to withstand downturns in the oil and gas industry.
Focused on optimizing its current assets to enhance company value.
Continue to grow its asset base on acquisitions, farm-ins, joint ventures and land sale purchases.
Target high working interest opportunities with year-round access, strong growth and economic potential in proven oil and gas areas throughout the world.
Searching for regions with low geological risk and potential for high netback revenues.
Dedicated to minimizing shareholder exposure to uncertainty.
As to your last question... The PR company mentioned a couple/few months ago a couple companies in the field... though none were doing or offering what ORHB is.
Good questions. The company is still a development stage company. As such I'm not sure assigning formulas from mature companies or peers is really that practical.
By the time ORHB's business model is generating revenue, the real question will be market share and scale, profitability will be a foregone conclusion.
The prior question is viability and market acceptance... if ORHUB creates or fits into a niche market the company will succeed and all investors will do very well.
More Good news...
I think the more transparent the company becomes, reporting-wise, the more folks will be comfortable investing in it for the long term.
What I think... FWIW...
Once ORHB gets past the development stage to the marketing, growth and market-share stage, we will see much higher share prices. We'll think back to the days of .50 and .75 and $1.00 shares and think we should have bought more. :)
Saw this news release and logged into IHUB to see if anyone had posted it.
Today's press release is a pretty clear indicator of the current value and suggestive of the future value of the company.
I think private placements like this (along with the Mackie Research financing that is underway) are pretty encouraging. If you look back at the earlier private placements, they have been done at progressively higher price levels. .25, .50, and .70. This and the Mackie Research Private Placements are being done at $2.00 per share.
We've seen lots of assets brought into FTMR at valuations of $2.00 per share, and now we're seeing restricted shares being sold for $2.00 per share. One of these days we will be given a fuller picture of these assets and their potential value. Until then, we rely upon the current stock price and the dollar value of these private placements to figure our the current value of our investment.
These funds, along with the $4.5 Million raise being worked on my Mackie Research are all being purchased in anticipation of what FTMR will become.
Mile markers we can look for:
1. Valuations and projections by the company of what our acquired properties are worth.
2. Successful sale of the Mackie Research private placement. And maybe the other $500K of the private placement mentioned in today's press release.
3. Maybe a research report written by Mackie Research??
4. Word of TSX uplisting. See former post on the TSX listing criteria: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134045513 INCLUDES: RECOMMENDED WORK PROGRAM: "Clearly defined development plan, satisfactory to TSX, which can reasonably be expected to advance the property."
AND an "Up-to-date technical report prepared by an independent technical consultant (NI 51-101) and/or Geological Report recommending completion of work program."
5. By my calculations we should have a quarterly update (for quarter ending Aug 31, 2017) by the middle to end of October.
All FWIW. :)
I thought I would share with you a conversation I had with a friend this morning.
The other day I remembered this friend of mine who had been pretty involved in the oil and gas industry. I sent him an email about Fortem and asked what he thought and if he had heard of our CEO Marc Bruner. Well, this morning he called me up and was anxious to learn more about the company. He had actually been a part of some of the early Marc Bruner deals. He said he was pretty sure that he made more money on Bruner's Ulta Oil and Gas than any other deal he ever participated in.
In fact, there's more. He was even a trusted friend and confidant of our CEO. He had even been sought out by Mark Bruner. He recounted some of the stories of going out for steaks in NYC, discussing various deals.
He told of one conversation about how Bruner believed that oil and gas wells would be viable on smaller acreage plots. He challenged the conventional wisdom of the day a was proved right.
He was pleased to hear about FTMR's efforts gather and consolidate oil and gas properties. He said now was a good time... when they're somewhat out of favor. He said it's just a matter of time before oil rebounds and when it does you will want to be in companies like this.
He was intrigued to hear how things were going with FTMR and wasn't surprised to hear that we were expecting good things in the future.
So my friend's conclusion??
He said just hearing that Marc Bruner was involved was enough to convince him to invest in the company. As time goes on, I think there are going to be a lot more like him.
Welcome to the Board LionAndTheLamb...
So far board is overall very bullish and excited about the future.
Amazing part is that so far, we've only just begun to scratch the potential of what we're dealing with.
If you wouldn't mind sharing... how did FTMR come on your radar screen?
FTMR hasn't really been promoted beyond word of mouth so there really aren't many cheap shares around.
Also, the FTMR board has been growing slowly over the last few months. If you've recently joined you're number 24. I'm guessing as the word gets out and the following grows, we will see this number grow substantially.
Best Regards,
Randy
Hey SignJack... It looks to me like it is Canadian Citizens only.
There may be shares for sell elsewhere, but it's pretty clear the $1.5 to 4.5 Million offering is limited to Canadian citizens.
The News article says:
"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES"
Which, I'm pretty sure, is why they used Stockhouse.com for this press release and not Market Wire or Dow News.
All looks good to me!
Pretty Encouraging press release.
Listen to this paragraph and tell me you don't think this is pretty exciting!
"The key is the ORHub solution, which has created the largest source of intelligent surgical information in the world and provides a suite of products that can better serve the needs of the healthcare industry, patients and the government. ORHub’s cloud-based software solution captures information at the point-of-care, filling a huge void in the surgical information infrastructure by transforming big data into intelligent data."
NOTICE... it doesn't say "IS GOING TO CREATE the largest source of intelligent surgical information in the world...."
BUT "HAS CREATED the largest source of intelligent surgical information in the world..."
1000 Kudos to SIGNJACK for posting the 1000th Post!!!!
Hopefully the second thousand posts won't take as long. ;)
Sure. This board isn't followed much. Ask away. What I know I'll share.
Yes
Thanks Bone. Interesting that information is.
Unless you're trying to sell... Then your best bet is patience by offering at or above the Ask or hitting the Bid.
Until then, we're at a Mexican standoff.
I hope that's not offensive terminology.
I've not seen any promo pieces. Would you happen to have a link? I'd be interested in seeing it... and depending whether it's on track to link it to this board.
ORHB is a developmental stage company that most of us think has a pretty good likelihood of growing into a remarkable useful niche in the medical software field.
The company was started by doctors, suffering actually, who recognized the need for this product and from what I've heard, those who have test drove it have been amazed.
Company is legit and is not a pump and dump scam. I think what we've seen over the last month or so in terms of price fluctuation is someone deciding to take an initial position in the stock and bought up a bunch of free trading trading shares.
There has been some financing at .33 per share and presently one at .50. These shares are probably somewhat of a limiter of the trading price range. However, I don't know many or any that exercised warrants with the hope of a double or a triple. Most have expectations of the long term success of the company and what that would mean to the stock valuation in terms of multiple dollars and beyond.
Software companies are notorious for profitability... Assuming we start generating revenue... it will them just become a matter of market share.
Product to market... And then we'll see.
Hey Citrati... welcome to the board.
I know some of the folks involved with FTMR and while HENC was also a huge loser for me, I don't think it was a "scam" as there really was never the opportunity for management or insiders to make big money. In retrospect, sure they should have made better calls... but it would have been a whole other deal if we had actually hit oil on either of the two holes.
Regarding the FTMR... I think huge value and potential has been acquired in the acquisitions and purchase agreements. The outstanding shares have increased... but they've been spent (as a currency) on real assets with significant upside.
Is there risk? Sure... but your entry level at $2.50 is not much more than those that have had their assets brought into FTMR. What reason would these individuals (and Marc Bruner was one of those whose assets were brought into FTMR) have for consolidating their properties in a pubic company like Fortem? I think the logical explanation is twofold: 1. to access public capital and 2. to multiply their value by developing them into profitable, producing properties.
And so to an extent, I believe FTMR is a natural resource "roll-up" that will spin off subsidiaries and perhaps one day be bought out by big oil. How else will those that own significant positions in the company find liquidity? Are their hoops to get through? Some challenges and hindrances? Sure.
Put it on your watch list for a while... as they reach milestones and execute their business plan you'll know. When you hear about multiple million dollar financings, it will still be a good time to buy... but you will have left some pretty big money on the table. The risk-reward ratio is crazy at these levels... it'll still be good at that later point... but not as good as now.
My thoughts.
FWIW, I've tried to estimate FTMR's book value based on acquisitions in the IBox. It's not a true book value as we don't really know the value of the properties acquired.
A number of the unknowns will be disclosed at some point.
Good catch Bucc... I hadn't seen this until I saw your post.
It looks to me like the cash payment schedules for several of the acquisitions have been renegotiated.
Several of these required or provided for discounts if payments were made by September.
I think the provisions of the 8-K are good.
Ah... That is the question I was going to try to answer next.
BUT the dinner bell rang... I had a phone call, enjoyed an adult beverage and subsequently got caught up in my wife's TV show, Bones.
I think the Business Plan is probably the focus of Management's attention at the moment. And then raising sufficient capital to execute the plan.
I'm also guessing the number of shareholders is something being worked on. I'll work on the numbers.
Criteria for TSX Listing Requirements for Oil and Gas (Exploration or Producing) Companies:
There are a couple of tiers... but basically, this is what's required:
1. NET TANGIBLE ASSETS, EARNINGS OR REVENUE:
No Requirements. (One tier requires pre-tax cash flow of $700K or $500K for last two years.
2. WORKING CAPITAL AND FINANCIAL RESOURCES
Adequate funds to: A) execute the development plan and cover all other capital expenditures and G&A and debt service expenses for 18 months with a contingency allowance.
OR
B) bring the property into commercial production, and adequate working capitial to fund all budgeted capital expenditures and carry on the business. 18 month projection of sources and uses of funds signed by CFO, appropriate capital structure.
3. DISTRIBUTION, MARKET CAPITALIZATION AND PUBLIC FLOAT
At least 1,000,000 freely traded shares with an aggregate market value of $4,000,000 minimum 300 public holders, each with one board lot or more. Some tiers: Public Float 1,000,000 shares and 250 public shareholders (with 20% of issued/outstanding in hands of public Shareholders).
Minimum market value of the issued securities that are to be listed of at least $200,000,000.
4. SPONSORSHIP
Sponsor report may be required....
5. PROPERTY REQUIREMENTS
Contingent resources of $500,000,000... $3,000,000 developed reserves... or $7,500,000 proved developed reserves.
6. RECOMMENDED WORK PROGRAM
Clearly defined development plan, satisfactory to TSX, which can reasonably be expected to advance the property.
7. MANAGEMENT AND BOARD OF DIRECTORS
Basically: experienced, technical expertise, public company experience, and two independent directors.
8. OTHER CRITERIA
Up-to-date technical report prepared by an independent technical consultant (NI 51-101) and/or Geological Report recommending completion of work program.
Information from:
https://www.tsx.com/ebooks/en/2017-guide-to-listing/
INFORMATION ABOUT OUR CEO AND CHAIRMAN OF THE BOARD:
Below are the excerpts about MARC BRUNER from an article linked on the bottom:
ABOUT MARC BRUNER (HIS INTRODUCTION)
"It is with great pleasure that we welcome Mr. Bruner to the Company and position of Chairman of the Board of MGX as well as Director of Lithium and Oil acquisitions for PetroLithium Corporation of America. Mr. Bruner is one of the original developers of the unconventional oil and gas business and is a rare breed of visionary businessmen able to recognize and advance fundamental paradigm shifts in the energy industry. Among many other assets, in the past 20 years Mr. Bruner built Ultra, Falcon, and Pennaco, an unrivaled achievement in the unconventional energy industry."
"Marc Bruner is one of the most compelling success stories in the history of the oil and gas industry. His last 2 winning ventures, Ultra Petroleum and Pennaco, both skyrocketed from pennies to a combined market value exceeding $10 billion (Ultra peaked at $100/share).
(HIS BIO)
"Over the past 30 years, Mr. Bruner has founded and held directorships with numerous oil and gas companies, making him a leading expert in unconventional oil and gas development in North America and internationally.
"Mr. Bruner was previously the Chairman and CEO of Falcon Oil & Gas Ltd. and served as Ultra Petroleum's founding Chairman where he was involved in developing the Pinedale Anticline in Wyoming, which is now recognized as one of the largest unconventional natural gas fields in the United States.
"While serving these companies, Mr. Bruner oversaw negotiations and contracts with global oil and gas companies including Halliburton, Exxon Mobil, Questar Gas and Hess Corporation.
"Previously, Mr. Bruner founded Pennaco Energy Inc. to explore and develop coal bed methane properties in the Powder River Basin of Wyoming and Montana. In March 2000, the company was sold to Marathon Oil for $550 million USD.
"Mr. Bruner established Ultra Petroleum in 1996 to develop the unconventional oil and gas project in Wyoming known as the Pinedale Anticline, one of the largest natural gas fields in the United States. During his tenure as Chairman of the Board, Bruner conceived and negotiated 37 different contracts that formed the core value and principal asset base of Ultra Petroleum Corp. During his tenure Mr. Bruner grew Ultra to a market capitalization in excess of $7 billion USD and completed deals with global oil and gas companies including Halliburton Corporation, Burlington Northern, and Questar Gas.
"Mr. Bruner founded Pennaco Energy Inc. to explore and develop coal bed methane properties in the Powder River Basin of Wyoming and Montana in 1997. In March 2000, the company was sold to Marathon Oil for $550 million USD, having grown from an initial capitalization of $1 million USD.
"After founding Falcon Oil & Gas Ltd. in 2005, Marc Bruner served as the company's President and Chief Executive Officer until 2010 and oversaw its market capitalization rise to in excess of $3.7 billion USD.
"In 2011, Mr. Bruner established Australian-based Paltar Petroleum. The unconventional oil and gas exploration and development company is focused on exploiting its assets in the Beetaloo Basin undeveloped shale deposits.
"Marc Bruner attended Tulane University in New Orleans, Louisiana, where he studied geology.
"Mr. Bruner joins Dr. Larry Marks (Geophysics), formerly of Royal Dutch Shell and Shell Oil Canada, as well as Mr. Claudio Manissero, formerly of FMC Lithium and Dr. Preston McEachern, Chief Scientist, on the PetroLithium Corporate Team.
"As compensation Mr. Bruner has the right to acquire up to 17% of the company over a 2 year period, based on current outstanding shares, by achievement of milestones and maintenance of responsibilities. The initial stock vesting will occur in May 2017 and thereafter every 3 months."
https://seekingalpha.com/instablog/2366771-rockstone/4954608-unconventional-oil-play-legend-marc-bruner-take-mgx-petrolithium-next-level
(He was made Chairman of Board of MGX Minerals (Pinksheet: MGXMF)... and as I've said before, I believe his focus going forward will be not be there, but on Fortem Resources (FTMR).
Funny. I'm probably one of those you're thinking about.
However, I think some of you guys need to become more objective and patient. I think some of you are thinking of your relationship to Fortem Resources as a short term affair. Rome wasn't built in a day and neither are quality companies.
It's easy to over-extend and over-expect what's going to happen THIS week or NEXT week. However, such timelines are pretty poor guides for investing and hoping to realize a profit.
Overall, investing is placing your capital in or with a company that you believe can and will grow and even multiply your money over time. There are lots of companies out there, hundreds and thousands actually. We each have to decide how to proportionally invest our funds in the companies that we think will assure us for us the greatest return (and hopefully mitigate possible losses).
Stocks go up and down all the time. Unless you're psychic (and I seriously question anyone who says they are), no one really know for sure just when this will happen and how much it will move and ultimately even which direction it will go. We are really obliged to go with what we know (connecting the dots/evaluating the decisions that have been made to this point)... and on a certain level who we can trust.
The investments we've made in Fortem Resources isn't about making a quick dollar or trading on the crest of the wave. It's about being a part of what could well be the creation of a monster company that will afford any one close a monster return.
Could things go wrong? Sure... the world could end, there could be a nuclear strike, or whatever. Who knows? Our "major men" in the company, CEO Bruner and former CEO Caetano, are in and hopefully will stay in good health, but ultimately, no one knows.
All that being said, CHILL OUT. This is going to take some time and from what I/we can tell, things are looking pretty positive.
Whether things move this week, next week or next month, or later, we want to be up close and personal and FTMR. Maybe you've over-leveraged yourself... and you need to use funds you've invested here for other more pressing needs. That's OK. But that's not really investing... and its not a deficiency with FTMR.
So on the cheerleader side of things... don't simply hype the stock as a short-term cash cow. Are the prospects amazing? Sure... but it will take some time.
Thanks... the second one is similar... and I think is better.
STICKY NOTE SUGGESTION #2
RyGuy
Post #
652
About Marc Bruner
Over the past 30 years, Mr. Bruner has founded and held directorships with numerous oil and gas companies, making him a leading expert in unconventional oil and gas development in North America and internationally.
Mr. Bruner was previously the Chairman and CEO of Falcon Oil & Gas Ltd. and served as Ultra Petroleum's founding Chairman where he was involved in developing the Pinedale Anticline in Wyoming, which is now recognized as one of the largest unconventional natural gas fields in the United States.
While serving these companies, Mr. Bruner oversaw negotiations and contracts with global oil and gas companies including Halliburton, Exxon Mobil, Questar Gas and Hess Corporation.
Previously, Mr. Bruner founded Pennaco Energy Inc. to explore and develop coal bed methane properties in the Powder River Basin of Wyoming and Montana. In March 2000, the company was sold to Marathon Oil for $550 million USD.
Mr. Bruner established Ultra Petroleum in 1996 to develop the unconventional oil and gas project in Wyoming known as the Pinedale Anticline, one of the largest natural gas fields in the United States. During his tenure as Chairman of the Board, Bruner conceived and negotiated 37 different contracts that formed the core value and principal asset base of Ultra Petroleum Corp. During his tenure Mr. Bruner grew Ultra to a market capitalization in excess of $7 billion USD and completed deals with global oil and gas companies including Halliburton Corporation, Burlington Northern, and Questar Gas.
Mr. Bruner founded Pennaco Energy Inc. to explore and develop coal bed methane properties in the Powder River Basin of Wyoming and Montana in 1997. In March 2000, the company was sold to Marathon Oil for $550 million USD, having grown from an initial capitalization of $1 million USD.
After founding Falcon Oil & Gas Ltd. in 2005, Marc Bruner served as the company's President and Chief Executive Officer until 2010 and oversaw its market capitalization rise to in excess of $3.7 billion USD.
In 2011, Mr. Bruner established Australian-based Paltar Petroleum. The unconventional oil and gas exploration and development company is focused on exploiting its assets in the Beetaloo Basin undeveloped shale deposits.
Marc Bruner attended Tulane University in New Orleans, Louisiana, where he studied geology.