Billions in connectionsNew director info:
Simon Akit P.eng MBA
Connections to global resource capital as a former head of oil, gas and pipeline investment fund sales for Canaccord covering North American and European markets. Past Nesbitt Burns oil and gas division employment history on Wall st.
Christopher Ryan
Connections to Tundra Oil and Gas via past exploration management role. Tundra is privately owned by the Richardson family. Richardson’s are nearly a two century old Winnipeg resource Billionaire family. Namely commodities ownership (oil/gas/grain/corn etc.), Real estate and Transportation make up their wealth. Tundra has 3500 wells producing 30,000 bpoe in MB and SK. No debt. That’s how private companies established forty years ago roll. Would be so smart for Tundra to go public right now. A company like that is totally unhedged because they have the backing to roll the dice a bit. Richardson’s are the 9th richest in Canada. 6.55 billion net worth. They could double that and then some if they took Tundra public.
Mr Ryan also has experiece writing 25 scientifically published papers related to water and oil. Aka fracking. This guy is like a fracking scientist. lol. He would have a close ear to the ground for technological advancements in the patch. His involvement could account for the increase in these new wells vs. Traditional Viking wells that produced at much lower volumes.
Would have to think a guy like that wakes up every day thinking of new ways to drill wells for the best success of both the environment and the producers.
Simply put, these aren’t entry level additions. These have strategic importance that can propel the stock forward just as much as the ip30 results will. We are 11 days after the new drill program began. Last time it only took them two weeks to move into completions on all 5 wells. So we could get an update on that program next week or the week after!