Lateral Capital (LCP-V)
New management team and board of directors
In connection with its qualifying transaction, the corporation has completed its previously announced letter of intent with Steel Petroleum Inc., a privately held oil and gas exploration and development company based out of Calgary, Alta., whereby the current directors and officers of the corporation have resigned and been replaced by the existing management team and board of directors of Steel Petroleum, who, as described below, collectively possess many years of oil and gas experience.
Corbin Blume, Calgary, Alta. -- president, chief executive officer and director
Mr. Blume has 18 years of oil and gas experience in senior business development roles at Canadian 88 Energy, Canadian Superior Energy and Sunshine Oil Sands.
Brent Defosse, Calgary, Alta. -- executive vice-president and chief operating officer
Mr. Defosse has over 30 years of experience in drilling, production and exploitation. He was formerly the vice-president of drilling and completions at Pengrowth Energy Trust and chief operating officer of Acclaim Energy Trust. Mr. Defosse was formerly the manager of production and operations for Chevron's Western Canada properties.
Diane Zuber, Calgary, Alta. -- controller and chief financial officer
Ms. Zuber has over 19 years of experience in the finance and energy sector, including a start-up royalty corporation that financed a $100-million private placement. In addition, Ms. Zuber has mergers and acquisitions experience at Pengrowth Energy Trust, and energy banking experience with senior syndicated facilities and junior oil and gas companies at the Royal Bank of Canada and ATB Financial.
Grant Henschel, Calgary, Alta. -- executive vice-president of business development
Mr. Henschel has over 25 years of experience in the oil and gas industry at Schlumberger, Texaco and ICG Resources, and was formerly a senior partner at Sproule Associates Ltd. Mr. Henschel was formerly the vice-president of acquisitions and divestments at Pengrowth Energy Trust.
Murray Swanson, Calgary, Alta. -- director
Mr. Swanson is the former president and chief executive officer of Reliable Energy, which recently sold for $115-million. Mr. Swanson has over 30 years of experience in exploration and production operations. He previously worked for Shell and Chevron, and has developed several private companies, including Enermax Resources Corp. and Rockwood Resources Ltd., and service companies, including Central Treating, SRK Oilfield Rentals and Northern Petro Services Ltd.
W.C. (Mike) Seth, Calgary, Alta. -- director
Mr. Seth has over 35 years of experience in the energy sector. He currently serves as president of Seth Consultants, a private oil and gas consulting firm, and has served as chairman, president and managing director of McDaniel & Associates since 1989. Mr. Seth serves on the board of Enerplus Resources Fund, and several other public and private junior oil and gas companies. Mr. Seth was a member of the Council of APEGGA and served on the Practice Standards Committee.
Robert B. Hodgins, Calgary, Alta. -- director
Mr. Hodgins has been an independent businessman since November, 2004. He served as the chief financial officer of Pengrowth Energy Trust from 2002 to 2004. He was vice-president and treasurer of Canadian Pacific from 1998 to 2002, and was chief financial officer of TransCanada Pipelines Ltd. from 1993 to 1998. Mr. Hodgins currently serves on the board of numerous publicly traded oil and gas companies. Mr. Hodgins received a bachelor of arts in business at the University of Western Ontario in 1975. He was a member of the Institute of Chartered Accountants of Ontario in 1977 and Alberta in 1991.
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