This was suggested on another SH Board.
It is a merger of VLE/ TGL/ TAO/CPI.
Mr. Badwi is a geologist and petroleum industry executive with more than 40 years of international upstream experience, leading public and private energy companies with oil and gas assets in many international jurisdictions. During this period, Mr. Badwi has completed several corporate mergers and numerous corporate and asset acquisitions and has a strong capital markets following in North America and Europe. Mr. Badwi has been a corporate board member of several public and private companies including Verano Energy in Colombia and Arpetrol Corp. in Argentina; both companies were successfully sold in 2014 and 2016.
Mr. Badwi most recently served as President and CEO of Kuwait Energy, an E&P company with operations in Egypt, Iraq and Oman and successfully led the sale of the company in 2019. Mr. Badwi has previously served as President and CEO of Bankers Petroleum Ltd. with oil production operations in Albania from 2008 to 2013 (and Vice Chairman until 2016), and the company was sold in 2016. Mr. Badwi has also served as President, CEO and a director of Rally Energy from 2005 to 2007, a company with oil production in Egypt and natural gas in Pakistan; he successfully led the sale of the company in 2007.
Mr. Badwi was the Recipient of Albania's high distinction Presidential Award for Special Civil Merits and the Recipient of the Atlantic Council of Canada's Award for Corporate Social Responsibility and Economic Sustainability. Mr. Badwi is also a member of the Canadian Institute of Corporate Directors.
Mr. Suneel Gupta, VP and COO
Mr. Gupta is a senior executive in the international petroleum oil and gas industry with over 30 years of experience and a successful track record of value creation in oil and gas.
Mr. Gupta joined Bankers Petroleum Ltd. in July 2004 as a founder and held several key roles with the company including President and CEO, Executive VP and COO, VP Production & Operations, VP Business Development and General Manager for Albania. Mr. Gupta has been directly involved in growing the company from 500 bopd in 2004 to over 22,000 bopd by 2014 and more than doubling booked reserves for the assets in Albania. Mr. Gupta introduced and oversaw many key western Canadian operational practices over his tenure at Bankers Petroleum that included horizontal drilling, polymer flooding, and an institutional grade health and safety/field operations program that set international standards for excellence and performance.
Prior to joining Bankers Petroleum, Mr. Gupta held senior positions with several petroleum companies where he was integral to the development of oil properties in international countries as well as in Canada including Husky Energy Inc., Renaissance Energy Ltd., Pinnacle Resources Ltd. and Chevron Canada Resources Ltd.
Mr. Gupta holds a Bachelor and Master of Science in chemical engineering both from the University of Calgary.
Mr. Shawn Reynolds, Non-Executive Director
Mr. Reynolds is Portfolio Manager of Van Eck Securities Corporation which he joined in 2005. He currently serves as Portfolio Manager for Van Eck's Global Hard Assets Strategy where he is responsible for company research and portfolio construction. Prior to joining Van Eck, he was employed as an energy equity analyst covering North American, European, and global energy companies out of New York, Denver, London and Australia with Goldman Sachs, Credit Suisse First Boston, Lehman Brothers and Petrie Parkman.
Prior to his career in finance, Mr. Reynolds worked as an exploration geologist for Tenneco Oil Company. Mr. Reynolds was previously Vice Chairman of Kuwait Energy Company, and a board member of several private Latin American oil and gas exploration companies. He is a member of the board of trustees at Hackensack Meridian Health Hospitals Corp., the Riverview Medical Center Foundation, Trinity Hall, and Former President and current member of the board of trustees at the Rumson Country Day School.
Mr. Reynolds received an M.B.A. in finance from Columbia University, an M.A. in petroleum geology from the University of Texas, Austin, and a B.S. in engineering from Cornell University.
Mr. Thomas Hickey, Non-Executive Director
Mr. Hickey is an attorney of the State of California and Solicitor of the Supreme Court of England and Wales. Mr. Hickey brings to TAG over 20 years' international oil and gas sector experience in M&A, corporate governance, compliance & ethics, and group restructuring and consolidation during his time with the operators Hess Corporation and Kuwait Energy and the service contractors Transocean and Subsea 7.
Beginning his career in London, England, Mr. Hickey has since been expatriated to Houston, New York, Kuala Lumpur, Kuwait City and Paris to support growth strategies and implement fit-for-purpose and effective corporate governance and compliance. Currently, Mr. Hickey is Head of Corporate Legal for Roquette Freres S.A. and based in France.
Mr. Hickey received an MBA from Strathclyde University (distinction) and is a certified CEDR mediator.
Private Placement and Stock Options
In connection with the above appointments, Messrs. Badwi, Reynolds, Hickey and Gupta, along with a consultant, have agreed to purchase, on a non-brokered private placement basis, 6.25 million units ("Units") at a price of C$0.16 per Unit for aggregate gross proceeds of C$1.0 million. Each Unit consists of one common share ("Common Share") and one common share purchase warrant ("Warrant"), with each Warrant entitling the holder thereof to acquire one Common Share in the capital of the Company at a price of C$0.16 per Common Share for a period of three years from the date of closing. The private placement is subject to the final approval of the TSX Venture Exchange.
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