Board of Directors
Executive Chairman and Director
Mr. David Sidoo is a successful businessman based in Vancouver where he oversees a successful private investment banking and financial management firm. Upon graduating from the University of British Columbia in 1982 where he held a four-year football scholarship with the UBC Thunderbirds, he was drafted to play professional football with the Canadian Football League. David retired from football in 1988 and was introduced to the brokerage business. From there he became a broker with Yorkton Securities where he quickly became one of the company's top revenue generators. He went on to become Partner and Advisory Board Member at Yorkton Securities, consistently generating commissions that ranked in the Top Five nationally. In 1999, he left Yorkton to pursue private investment banking. He was founding shareholder of American Oil & Gas Inc. (NYSE -AEZ) which was sold to Hess Corporation in Dec 2010 for over US$600 million. In 2008, The Vancouver Sun voted Mr. Sidoo one of the top 100 South Asians making a difference in British Columbia.
Director, President and CEO
Mr. Renwick brings over 30 years of broad, international petroleum experience to the Company. Mr. Renwick began his career with Mobil Oil Canada as a geophysicist. Over the next 25 years, Mr. Renwick held various technical, technical management, and progressively senior management positions within Mobil worldwide. Mr. Renwick has been directly involved in the mapping, the discovery, and development of numerous oil and gas fields in western and eastern Canada, the U.S. Gulf Coast, Saudi Arabia, Indonesia and the Former Soviet Union. Mr. Renwick responsibilities have spanned various disciplines, including geophysics, exploration, field appraisal and development, E&P planning, corporate planning, corporate strategic development, commercial analysis and upstream business development.
Mr. Nick DeMare
Mr. Nick DeMare
CFO and Director
Mr. DeMare is the President and principal of Chase Management Ltd., a private company providing a broad range of administrative, management and financial services to private and public companies involved in mineral exploration and development, gold and silver production, oil and gas exploration and production and venture capital. For over 20 years, Mr. DeMare has assisted numerous companies in making the transition from the private to public stage and arranging and participating in equity and debt financing. Prior thereto, Mr. DeMare was employed as a General Practice Manager with Coopers & Lybrand, Chartered Accountants. Mr. DeMare is currently a director and/or officer of a number of public companies listed on the Toronto Stock Exchange and the TSX Venture Exchange, including American Oil & Gas (AEZ-AMEX, Market cap of $230M) and GeoPetro Resources (GPR-AMEX, Market Cap of $26M).
Herb Dhaliwal is a graduate in commerce of the University of British Columbia (1977). He was a senior Minister for Western Canada in the federal Cabinet of Prime Minister Jean Chretien. Between 1997 and 2004 he successively held the portfolios of National Revenue, Fisheries & Oceans and Natural Resources in Ottawa. Prior to entering national politics, Herb was - and since retiring from public life continues to be - an entrepreneur, business owner, corporate director and advisor, with interests in transportation, building maintenance, housing construction and real estate development. Before sitting in the Parliament of Canada as M.P. for Vancouver- South/Burnaby constituency from 1993 to 2004, Mr. Dhaliwal had been appointed by the B.C. Government as Vice-Chair of the B.C. Hydro and Power Authority board of directors, where he chaired the budget and audit committees. In 2000 the VANCOUVER SUN called him one of the Top 100 most influential British Columbians in the last century.
Dr. R. Marc Bustin
Dr. R. Marc Bustin
Head of Exploration for Unconventional Hydrocarbons and Director
Dr. R. Marc Bustin (Ph.D., P. Geol., FRSC) is Professor of petroleum and coal geology in the Department of Earth and Ocean Sciences at the University of British Columbia and president of RMB Earth Science Consultants and former president of CBM Solutions Ltd. and a founding share holder of Cuadrilla Resources Ltd. Bustin has over 30 years experience in unconventional gas exploration and exploitation in industry, research and consultancy. Professional experience includes employment by Mobil Oil Canada, Gulf Canada Resources prior to joining The University of British Columbia and subsequently with Elf-Aquitaine (France), CSIRO (France) and CNRS (Australia). Dr. Bustin has consulted in the area of fossil fuel resource evaluation and functioned as director and technical advisor for a variety of small through large petroleum companies in Europe, Africa, North America and Asia. Dr. Bustin has published over 180 reviewed scientific articles on fossil fuels. Dr. Bustin has designed and managed gas shale and coalbed methane evaluation and development projects world wide, including China, Botswana, Europe, Australia, SE Asia, India and basins throughout North America. Dr. Bustin received his PhD in geology in 1980 from the University of British Columbia and is a registered Professional Geoscientist in the province of British Columbia. He is or has been an associate editor of the Canadian Society of Petroleum Geology Bulletin, Sedimentary Geology, International Journal of Coal Geology and the Canadian Journal of Earth Sciences. He is member of the ICCP, AAPG, TSOP and GSA.
Bustin is the recipient of the A. L. Leverson memorial award from the AAPG, received the Thiesson Medal from the International Committee for Coal Petrography for his contributions to coal sciences/organic petrology, the Sproule Award in 2003 for contributions to the study of unconventional gas resources and the Gilbert H. Cady Award (2009) from the Geological Society of America for his contributions to coal science and the Medal of Merit from the Canadian Society of Petroleum Geology (2009). Bustin is an elected Fellow of the Royal Society of Canada. Bustin is a registered professional geologist in the province of British Columbia.
Mr. Dewar brings nearly 30 years of international petroleum finance, accounting and control experience to the Company. Mr. Dewar began his career with Ernst & Young in Scotland where he qualified as a Chartered Accountant. He joined BP PLC in 1982 and spent 27 years with the company, holding a number of Vice President and global/regional business CFO and finance roles for BP in the UK, Dubai, Kuwait, Indonesia, Singapore and the United States of America in multi $ billion businesses. Most recently, Mr. Dewar was Group CFO for Dana Gas PJSC, based in the United Arab Emirates, an upstream and mid stream Gas Company with assets of $3 billion, quoted on the Abu Dhabi stock exchange.
Mr. Dewar brings to the board a proven track record of major business growth and transformation delivery, strong finance raising skills, valuable stock market reporting experience, plus recognised investor relations leadership skills.
The Board of Directors currently consists of six (6) directors, 2 of whom are independent in that they are independent and free from any interest and any business or other relationship which could or could be reasonably be perceived to, materially interfere with the director’s ability to act with the best interests of the Company, other than the interests and relationships arising from shareholdings.
By this definition, Hon. Herb Dhaliwal and James Dewar are independent. David Sidoo and Greg Renwick are not considered “independent” due to the fact that they hold the positions of Executive Chairman and President and CEO of the Company respectively. Similarly, Nick DeMare is not considered “independent” due to the fact that he is the CFO of the Company and the Company pays consulting fees to a management company owned by Mr. DeMare that provides the Company accounting and administrative services . The Company pays consulting fees to a technical service company owned by Dr. Marc Bustin that provides technical analysis for assessment of unconventional plays.