- Calima possesses highly competent leadership team, capable of perceiving the most desirable shape of the entity while efficiently dealing with ever changing market situations.
- CE1 leadership team is likely to play an instrumental role in bringing its Montney asset into production within next few months under stable market conditions.
- Calima Lands is development-ready, awaiting a Final Investment Decision.
Solid businesses are built on the foundation of an effective and competent leadership team, implementing diverse strategies to reach the level of sustainable success. Australian-headquartered oil & gas player, Calima Energy Limited (ASX:CE1) is one such company possessing highly competent leadership team capable of perceiving the most desirable shape of the entity while efficiently dealing with ever changing market situations.
Calima’s highly proficient team is the driving force behind the Company’s outstanding success in swiftly bringing Calima Lands towards a development ready project. Situated within a liquids-rich sweet-spot of the Montney Formation in British Columbia, Calima Lands is CE1’s wholly owned flagship project, with an estimated maiden contingent resource of 1.176 TCFE/ 1,247 Pje.
Primary focus of the Company is to bring its Montney asset into production within next few months under stable market conditions. The leadership team is likely to play an instrumental role in realisation of this objective.
Having said that, let us quickly look at the members of Calima’s board and management team making prudent decisions for the Company:
Mr Micheal Dobovich, President
Based in Calgary, Mr Micheal Dobovich assumed the role of Calima’s President from his former Country Manager’s position in March 2020 and has been a key part of the management team since 2017. He led the acquisition of the Tommy Lakes Facilities besides leading the operationalisation of Calima during the 2019 drilling campaign.
Ensuring strong HS&E and social governance, he managed the corporate aspects of the Canadian entity. He has previously worked as a senior executive with Statoil Canada and holds considerable experience in Canadian E&P.
Moreover, he has worked for multiple basins in North America for more than 20 years, with a background in indigenous relations, land, regulatory and commercial activities.
Mr Mark Freeman, Chief Financial Officer
Calima’s Chief Financial Officer, Mr Mark Freeman has an extensive experience in the fields of banking, corporate advisory and equity capital markets, with a particular emphasis on natural resources. Lately, he has assumed the role of Company Secretary, replacing Mr James Bahen.
Mr Freeman possesses a Commerce Degree and holds more than 25 years’ experience in resources industry and corporate finance. His experience comprises business development, North American gas commercialisation, strategic planning, mergers and acquisitions and project development general management.
He has worked with several successful resource companies in the past, including TSV Montney Ltd, Grand Gulf Energy and Golden Gate Petroleum.
Mr Aaron Bauer, Operations Manager
Appointed as Operations Manager in March 2018, Mr Aaron Bauer holds over 15 years of experience in drilling and operations management in the Montney and other resource plays in Canada.
He has worked for many large companies in the past, including Caltex, Burlington Resources, Krang and West Valley Energy, where he served as VP Operations engaged in all aspects of business development including scenario planning and commercial modelling.
Mr Glenn Whiddon, Chairman
Mr Glenn Whiddon holds an extensive experience of about 30 years in banking, corporate advisory and equity capital markets, with a particular focus on natural resources. Backed by a significant experience in management and corporate segment, he is currently serving as the Director of multiple Australian and international listed entities in resources sector.
Moreover, he has formerly worked as Executive Chairman, President and Chief Executive Officer of a European O&G exploration company, Grove Energy Limited. He has also worked for Bank of New York and various ASX-listed companies.
Mr Alan Stein, Non-Executive Director
Mr Alan Stein is a geologist possessing about 30 years of experience in E&P. He was a founding partner of London & Perth-based geoscience consultancy IKODA Limited while a founding MD of Ophir Energy plc and Fusion Oil & Gas plc.
Offshore Equatorial Guinea and Tanzania, Ophir was engaged in multiple discoveries, uncovering over 18 Tcf of gas.
Mr Stein has done a tremendous job in acquiring and building on the Calima Land position and the successful three-well drilling program in Q1 2019.
Mr Neil Hackett, Non-Executive Director
Mr Neil Hackett possesses a significant experience of more than 30 years in accounting and finance segment. Moreover, his experience includes corporate advisory with diversified industrials, financial services and mining entities.
He is currently serving as Non-Executive Chairman of ASX-listed Ardiden Limited (ADV) and has formerly worked as Non-Executive Director of Modun Resources Ltd (MOU) and African Chrome Fields Ltd (ACF). Besides, he has held the Company Secretary position at various other companies, including Ampella Mining Ltd, Sundance Resources Limited (ASX:SDL) and ThinkSmart Ltd.
Mr Brett Lawrence, Non-Executive Director
Mr Brett Lawrence possesses over 15 years of experience in international E&P and holds Master’s Degree in Petroleum Engineering, along with Bachelor’s Degree in Engineering (Mining) and Commerce.
Additionally, he has executive experience in public companies and PE investing while operational experience across drilling, reservoir engineering and development. He has previously worked with Apache Energy for more than eight years, performing roles in reservoir engineering, commercial management, drilling engineering and project development.
Moreover, he has held senior roles in financial, corporate and commercial arenas at multiple ASX-listed entities.
High-calibre management and technical skills possessed by Calima’s leadership team are stimulating the advancement of Calima Lands towards development-ready project. The team’s immense experience and robust background would be crucial for the Company’s development in coming years.
CE1 last traded at $0.006 on 11th June 2020.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.