Permex Petroleum is a uniquely positioned junior Oil & Gas company with assets and operations across the Permian Basin of west Texas and the Delaware Sub-Basin of New Mexico. The company focuses on combining its low-cost development of Held by Production assets (“HBP”) for sustainable growth with its current and future Blue-Sky projects for scale growth. The company through its wholly owned subsidiary Permex Petroleum US Corporation is a licensed operator in both states; and owns and operates on Private, State and Federal land.
ODC & Taylor Property
The ODC San Andres & Taylor property is located in Gaines County, Texas in the Midland basin. Gaines is on the southern plains of West Texas. It is bounded on the east by Dawson County, on the south by Andrews County, on the west by New Mexico, and on the north by Yoakum and Terry Counties. The county seat is approximately 80 miles southwest of Lubbock. Gaines County coy county covers 1,489 square miles. Oil was discovered in the county in 1936.
West Henshaw Property
The West Henshaw Unit is located in Eddy County, New Mexico in the Delaware basin. Eddy County is in Southeast New Mexico. It is bounded by Chaves County to the north, Otero County to the east, Loving County, Texas to the south, and Lea County to the west. Eddy County covers 4,198 square miles. The Unit is 12 miles northeast of Loco Hills, New Mexico.
Oxy Yates Property
The Oxy Yates Lease is located in Eddy County, approximately 8 miles north of Carlsbad, New Mexico. Eddy County is in Southeast New Mexico. It is bounded by Chaves County to the north, Otero County to the east, Loving County, Texas to the south, and Lea County to the west. Eddy County covers 4,198 square miles. The asset is located in the Delaware Basin and is producing oil and gas that is stratigraphically trapped in the Yates and the Lower Yates formations of the Artesia Group.
Pittcock North Property
The Pittcock North is situated in Stonewall county. Stonewall County is in Northwest Texas, in the central part of the North Central Plains. It is bounded on the north by King County, on the east by Haskell County, on the south by Fisher and Jones Counties, and on the west by Kent County. The county seat is approximately 60 miles north-northwest of Abilene. Stonewall County covers 926 square miles.
Pittcock South Property
The Pittcock South Lease is located in Stonewall County, Texas. Stonewall County is in Northwest Texas, in the central part of the North Central Plains. It is bounded on the north by King County, on the east by Haskell County, on the south by Fisher and Jones Counties, and on the west by Kent County. The county seat is approximately 60 miles north-northwest of Abilene. Stonewall County covers 926 square miles.
Mary Bullard Property
The Mary Bullard property is located in Stonewall County, about 5 ½ miles south west of Aspermont, Texas. The asset is situated on the Eastern Shelf of the Midland Basin and the predominant producing formation is the Wolfcampian Upper Tannehill Sand. Stonewall County is in Northwest Texas, in the central part of the North Central Plains. It is bounded on the north by King County, on the east by Haskell County, on the south by Fisher and Jones Counties, and on the west by Kent County. The county seat is approximately 60 miles north-northwest of Abilene. Stonewall County covers 926 square miles.
Mcmurtry & Loving Property
The McMurtry/Loving Leases are located on the boundary between Jack and Young Counties in Texas. The asset is situated on the north end of the Fort Worth Basin, on the east flank of the Bend Arch. Young County is bounded by Archer County to the north, Jack County to the east, Stephens County to the south and Throckmorton County to the west. Young County covers 931 square miles. Jack County is bounded by Archer, Clay, and Montague Counties to North, Young County to the west, Palo Pinto and Parker Counties to the south, and Wise County to the east. Jack County covers 920 square miles.
The Peavy lease is located in Young County, Texas in the Permian basin. Young County is in North Central Texas. It is bounded by Archer County to the north, Jack County to the east, Stephens County to the south, and Throckmorton County to the west. Young County covers 931 square miles. The county seat is approximately 55 miles south of Wichita Falls and 65 miles northwest of Fort Worth.
CHIEF EXECUTIVE OFFICER & PRESIDENT, DIRECTOR
Mr. Ehsan has over 12 years of experience in the oil and gas industry. He has led teams in the creation of many upstream oil and gas companies with a focus on acquisitions and divestitures. Over the last 12 years Mr. Ehsan has been involved as owner of O&G DPP programs, manager in mergers, acquisitions & divestitures, financing arrangements and investment with a specialty in oil and gas opportunities. He has been directly involved and facilitated over $87 million in capital syndication and injection. His academic background ranges from a spectrum of marketing management, business management, wealth management and Petroleum based curriculums and programs such as engineering and geology, he is also an MBA candidate with specialty in Finance. Mr. Ehsan has authored various articles in the oil and gas industry, with presence as a guest speaker and judge in both this industry and academia related events.
CFO, CORPORATE SECRETARY AND DIRECTOR
Mr.Kelly has 15 years of experience acting as a senior officer and/or director of various private and public companies with large scale resource assets throughout North and South America. Mr. Kelly obtained his Bachelor of Commerce degree from Royal Roads University in 2001 and has since helped manage companies through all stages of their life cycle; from initial publics’ offerings through to being successfully acquired by major multi-national corporations.
CHIEF OPERATING OFFICER/DIRECTOR
Mr. Whelan has more than 40 years' experience as a geologist, Initially with Gulf Oil in International Operations, then he has worked with such companies as KOS Energy Ltd., Next Millennium Commercial Corp., Opal Energy Ltd., Copper Creek Ventures Ltd., Avro Energy, Polar Resources Ltd., ProAm Exploration Corporation, Voyageur Oil and Gas Corp., Bighorn Petroleum to name a few. Mr. Whelan has represented a diverse array of energy market participants including oil, gas and other resources based companies with clients ranging from global energy concerns to start-up companies. As a Geological Consultant, Mr. Whelan has been active in natural resource and industrial development companies with natural resource holdings in oil, gas and minerals, worldwide. Responsibilities include: economic evaluations of properties; research and development of projects which have economic potential; evaluation of projects and their requirements for capital; presentations to management, financial institutions, and shareholders; economic analysis of resource properties and coordination of acquisition, development and production for resource properties; filing of V.S.E. reports, assessment reports and property evaluations for petroleum and mining companies on resource properties. Mr. Whelan received his Bachelor of Arts, Geology, from University of Western Ontario in 1961, Bachelors of Science, Honours Geology, McMaster University, 1965. He is or has been also a member of Geological Association of Canada, Association of Professional Engineers and Geoscientists BC, Association of Professional Engineers, Geologists and Geophysicists of Alberta, Canadian Society of Petroleum Geologists, Institute of Petroleum, London.
Mr. Urch is a Chartered Professional Accountant (CPA) and a member of the Institute of Corporate Directors (ICD), with a degree in Commerce. He has been involved in the oil and gas industry for over 35 years. Doug Urch has been a director for a number of listed (TSX & AIM) and private companies, offering financial management services. For the last 10 years, Doug was the Executive Vice President, Finance and Chief Financial Officer and Corporate Secretary for Bankers Petroleum.
GENERAL COUNSEL, INDEPENDENT DIRECTOR
Mr.Kates is a partner of DuMoulin Black, practicing primarily in the areas of securities, corporate finance, mergers and acquisitions, and corporate and commercial law. Justin works with clients in a wide range of industries including oil and gas, technology, life sciences, food & beverage, and natural resources. Justin advises clients from all stages of development ranging from early stage to large public companies. His practice includes advising these clients on a range of matters, including equity and debt financings, stock exchange listings, mergers and acquisitions, reorganizations, and general corporate/commercial matters. Justin received his J.D. from the University of Western Ontario and his Bachelor of Business Administration from Western Michigan University.
Edward A. Odishaw
BARRISTER & SOLICITOR, INDEPENDENT DIRECTOR
Mr. Edward A. Odishaw serves as the President of Austpro Energy Corp. Mr. Odishaw served as Barrister and Solicitor with the law firm of Swinton & Company, Vancouver, Canada from 1972 to 1992. He was a Barrister and Solicitor with the law firm of Boughton Peterson Yang Anderson, located in Vancouver, Canada from 1992 to 1999. He practiced law in Saskatchewan and British Columbia, Canada, with emphasis on commercial law, corporate mergers, acquisitions and finance from 1964 to 1999. Mr. Odishaw serves as the Chairman of Austpro Energy Corp. and has been its Director since December 1995. He served as Chairman of the Board of United States Lime & Minerals, Inc. from July 1993 to May 2005. He has been Vice Chairman of United States Lime & Minerals, Inc. since May 2005 and has been its Director since July 1993. He has been Director of Valterra Resource Corporation since June 1, 2006. He served as Director at Valterra Resource Corporation since June 01, 2006 and served as its Director from November 10, 2003 to June 17, 2005. He served as a Director of Hester Creek Estate Winery Ltd. Mr. Odishaw holds Directorships in numerous companies in Canada. Mr. Odishaw is a member in good standing of the Law Society of British Columbia and the Canadian Bar Association and is a non-practicing member of the Law Society of Saskatchewan.
Mr. Tobin has more than 30 years of experience working as a geologist building and growing both public and private oil and gas companies. His career has focused on full cycle exploration, from regional geologic mapping and reservoir modeling to field development and planning. He been involved in the drilling of hundreds of wells, both vertical and horizontal, through a variety of depositional basins. Mr. Tobin’s experience enables him to quickly assess geologic risk and to recognize potential in a broad range of play types. As a new graduate of University of Saskatchewan, Mr. Tobin joined Tri Link Resources Ltd. where he gained significant experience and success drilling horizontal wells. At Tri Link, Mr. Tobin ultimately moved into the role of Chief Geologist, Alberta. In this position, he managed all gas properties, and through a five-year process of drilling and acquisition, gas assets increased by over 100 BCF. Mr. Tobin then joined Bolt Energy Ltd. as Manager of Exploration when the company went public in 1997. Mr. Tobin was quickly promoted to Vice President, Exploration, and in that role was responsible for all aspects of growing the company, from corporate development to financial management. Mr. Tobin assisted in the growth of the company to approximately 900 BOPD with minimal debt. Bolt was subsequently successfully merged with Blue Mountain Energy. At Blue Mountain Energy, Mr. Tobin was responsible for the discovery and exploitation of several key assets. Blue Mountain Energy was then sold to Trilogy Energy Corp. for $142 million in October 2006. Mr. Tobin went on to be the co-founder of the GAMET Resources Ltd., a private company. As an integral member of the management team, he played a key role in the development and implementation of the corporate business plan. Mr. Tobin is a member of the Association of Professional Engineers, and Geoscientists of Alberta (APEGA), the Project Management Institute (PMI), Canadian Society of Petroleum Geologists, and the American Association of Petroleum Geologists.
Mr. Lee has more than 25 years experience in the oil and gas sector. He is currently the President & CEO of DL Petroleum & Engineering Consulting; some of his past notable involvements and experiences include but are not limited to Petro Canada and Breaker Energy as a Reservoir Engineer, Canadian Natural Resources as an Exploitation Engineer. As a reservoir engineer, Mr. Lee has been active in natural resource and industrial development companies with natural resource holdings in oil, gas worldwide. Responsibilities include: Engineering focus to analyze partly depleted reservoirs to predict the locations of underperforming wells based on statistical analyses of hydrocarbon production. Reservoirs' wells are evaluated using spatial statistics (i.e. kriging) to locate underperforming wells or regions within reservoirs. This goal is achieved by using known (measured) petro-physical information from reservoirs' formations and coupling this data with their production history (production/injection flow and pressures). Spatial statistics including other statistical tools, such as regression analysis, are used to evaluate the reservoir's performance with respect to hydrocarbon production. In 1994 Dale earned his Professional Engineering status with The Association of Professional Engineers and Geoscientists of Alberta (APEGA).
Ms. Hang has over 17 years of finance, accounting and management experience in a variety of industries, including the energy industry. Ms. Hang has acted as an independent financial consultant since 2009 and has served over 40 public and private companies, which span across Vancouver based companies to foreign controlled entities. Prior to starting up her consulting business, Ms. Hang worked 10 years in professional accounting firms and held senior positions in tax and audit practices. Ms. Hang is a Member of the Chartered Professional Accountants of Canada and a Member of the Certified General Accountants Association of Canada and British Columbia and holds a Bachelor of Accounting Science from University of Calgary.
Leslie M. Thomas
GEOLOGIST, ADVISORY BOARD MEMBER
Mr. Thomas has over 35 years experience as a petroleum geologist. He began his career with Tenneco in Houston, TX after graduation from University of Texas at Austin with a BS degree in geology in 1981. At Tenneco he calculated reserve estimates of offshore gas fields in the Gulf of Mexico. From there, he worked for a large independent, Bridwell Oil Company, prospecting for oil and gas in west and north Texas. As well as prospect generation, he was responsible for drilling rig operations and wellsite geology. In 1986 he became an independent geologist generating oil and gas prospects in the Permian Basin and Eastern Shelf of the Basin. He was successful in the discovery of several very profitable oil fields such as the S.W. Werewolf Field of Haskell County and the HMT Field of Stonewall County. In 2004 he worked for Finley Resources in Fort Worth, TX as a senior geologist where he was trained in Petra software enabling him to evaluate Finley properties throughout the Permian Basin, Delaware Basin, and S.E. New Mexico. He was involved with the successful drilling of a 17,000 ft. TD horizontal Ellenburger well in Reeves County, Texas. He continued his Petra software experience with LCS Production evaluating and drilling of various oil fields across the Eastern Shelf as well as supervising two in-house drilling rigs. In 2007 he worked for Baseline Oil & Gas, a public company, developing and implementing a large waterflood project in Stephens County, Texas. As Baseline morphed into Redbud Exploration, he was in charge of lateral design and implementation on several successful horizontal wells in Nolan County, TX. In 2013 he went to work for an equity group, JVL Advisors, in Houston, Texas. Here he was responsible for evaluating large Wolfberry acreages in the Permian Basin. Using Petra software as a tool for appraising target zones within the Wolfberry, then later using same techniques on the San Andres formation in Andrews County, Texas along with lateral design and execution.
GEOLOGIST, ADVISORY BOARD MEMBER
Mr. Dorrins has been a geologist for over 38 years in oil and gas exploration & production projects worldwide, and has held senior management and key technical specialist positions with a number of North American and International oil and gas companies including Amoco, BP, and Shell, and Junex, amongst others. Most recently from 2008 to 2017, Peter worked in senior management roles at Junex Inc., a TSX Venture-listed company, culminating as President & CEO from 2013 to 2017. Under his presidency at Junex, for two consecutive years (2016 & 2017), the company achieved results that led to being one of the recipients of the TSX Venture 50 award. Since 2010, Peter has been an invited speaker and/or chairman at over twenty energy conferences throughout North America.
Peter holds a Bachelor of Science – First Class Honours degree in Geology obtained from the University of Manitoba in 1980, he is registered as a professional geologist with the Association of Professional Engineers and Geoscientists of Alberta and he is a member of the American Association of Petroleum Geologists.
PETROLEUM ENGINEER, ADVISORY BOARD MEMBER
Mr. Schoen has over 40 years of experience as a petroleum engineer. Mr. Schoen joined Texas Pacific Oil Company in 1976 as a staff engineer in the Midland Texas office. Promoted in 1979 to Development Engineering Supervisor coordinating development drilling, completion and workover opportunities along the Eastern Shelf in the Abilene Texas area. In 1981, Mr. Schoen accepted an Operations/Engineering position with independent operator Keith D. Graham responsible for the drilling and completion of 100 + Austin Chalk wells in Central Texas and the development of a 40-well Capps Lime field in Runnels County Texas. Mr. Schoen accepted an opportunity with Davis Brothers Oil in 1987 to supervise an aggressive exploratory drilling program and the management/surveillance of multiple secondary recovery projects in West Central Texas. In 1992, formed Benson & Schoen Oil Co., Inc. as a contract operator and consulting firm drilling, completing and managing 65 producing properties from Eldorado to Childress Texas. Accepted a position in 2011 as Engineering and Operations Manager with E.N. Patton Oil and Patton Exploration of Abilene Texas supervising drilling, completion and workover operations in several West Central Texas counties. Formed Schoen Oil Company, LLC in February 2016 offering oil and gas consulting services to area operators in the West Central Texas region. Wayne graduated with a BS and MS in Civil Engineering from Texas A&M University in 1974 and 1976, respectively. Mr. Schoen is a past Chairman and Board member of the West Central Texas Section of the Society of Petroleum Engineers and an active SPE member since 1976.
RESERVOIR ENGINEERING TECHNOLOGIST, ADVISORY BOARD MEMBER
Ms. Goldstein is a professional Reservoir Engineering Technologist and a member of the Society of Petroleum Engineers (SPE). For the past 20 years she has been involved in the oil and gas industry with a focus around Reservoir Waterflood Management and holding technical specialist positions with Devon and Canadian Natural Resources Ltd. She moved to Canada in 2001 and started working in January 2005 as Reservoir / Exploitation Engineering Technologist at Devon Canada Corporation. She quickly acquired the knowledge and experience necessary to step up in a senior position, as she coordinated monthly Waterflood Surveillance, Monitoring and Optimization review meetings with the Asset Teams (engineers, geologist and field operators). She also provided mentoring for Reservoir / Waterflood Management process and training for Oilfield Manager software (OFM), for internship students and junior to senior engineers. Between April 2014 and March 2015, Diana worked as Senior Reservoir / Exploitation Engineering Technologist at Canadian Natural Resources Limited.
Kit H. Maddox
PETROLEUM LANDMAN, ADVISORY BOARD MEMBER
Mr. Maddox has more than fifteen years' experience as an Independent Petroleum Landman. Mr. Maddox worked for such companies as Chesapeake, Devon, Forest Oil Corp and Sabine Oil & Gas to name a few. He has a thorough knowledge of land data systems and is called upon to verify, summarize and update mineral, royalty and surface ownership information. Mr. Maddox has an in-depth understanding of acquisitions, divestitures and due diligence as well as extensive experience in the fields of mineral and surface title, oil & gas leasing, litigation support, curative satisfaction, tracking lease obligations and determining contractual provisions of various agreements in support of the company’s O&G development program. He has testified before the Texas Railroad Commission examiner's board as an expert title witness as pertains to well permitting issues. Prior to his career as a Landman, Mr. Maddox was enlisted in the US Navy where he earned a Bachelors degree in Electronics and attained the rank of E-5, Electronics Technician, ET2, Enlisted Surface Warfare Specialist.
ENTREPRENEUR, ADVISORY BOARD MEMBER
Mr.Kube founded Wurldtech in 2006 with the mandate to provide cyber security solutions for the mission critical computer systems powering Oil & Gas, Power & Water, Aviation, Health Care industries. In 2014 Wurldtech was acquired by GE where Nate served 2 years as GE's Chief Technology Officer for Cyber Security. Nate has created cyber security service offerings which have been executed by his teams in over 1000 projects across 15 countries in industries including Oil and Gas, Aviation, Power, Healthcare, Transportation, Legal, and Finance. Nate has driven key national and international standards, creating the first and most prevalent Industrial Cyber Security Certification Program (Achilles), and regularly contributes to industry press and news media. Nate has testified on cyber security standards for the US Federal Energy Regulatory Commission (FERC) and currently serves as an expert for the IEC/ISO working group on cyber security standards.