StonePoint’s Management Team has extensive experience in creating shareholder value through a focused business plan and believes the current market environment provides an excellent opportunity to reposition the new Company as a high growth junior oil and gas company.
StonePoint will focus on assets in the Deep Basin and Peace River Arch (“PRA”) areas of Western Canada. Our Management Team’s experience and track record of creating value in these areas are suited to its strategy of acquiring under-developed and undercapitalized assets and maximizing their production and reserves value. We believe there are numerous producers looking to monetize non-core assets to redirect capital expenditures into single-zone resource plays. Our focus will be on acquiring and consolidating Deep Basin and PRA assets and developing these multi-zone stacked plays utilizing recent improvements in drilling and completions technology. In addition, we plan to enhance returns by optimizing production and reducing operating costs across all acquired assets.
Information regarding Rights Offering
For those shareholders eligible to participate in the Company’s rights offering please find attached a memo detailing how to exercise your respective rights.
Mr. VanSickle has 28+ years of industry experience in exploration, production, strategic planning and portfolio management. He was one of the co-founders of Canadian Midstream and Fairborne Energy. He was President and CEO of Fairborne Energy and Santonia Energy since 2005 until its acquisition by Tourmaline. Prior to Fairborne Energy, he was VP Business Development with Canadian Midstream and Duke Energy Field Services. He also currently serves as a Director with Canbriam Energy Inc. Mr. VanSickle received his B.Sc. in Geology from McMaster University in 1986.
Mr. Grandberg has 20+ years of experience in the oil & gas sector and was the Chief Financial Officer of Fairborne Energy and Santonia Energy since 2005 until its acquisition by Tourmaline. Prior to Fairborne Energy, he held progressively senior roles with NAL Oil and Gas Trust. Mr. Grandberg graduated from the University of Saskatchewan in 1993 with a Bachelor of Commerce degree and obtained his Chartered Accountant designation in 1998. He is a Member of the Institute of Chartered Accounts of Alberta (ICAA) and the Canadian Institute of Chartered Accountants (CICA).
Mr. Summers has 31+ years of extensive and varied industry experience in Canada and internationally. He was one of the Co-founders of Canadian Midstream and Fairborne Energy. He was the Chief Operating Officer with Fairborne Energy and Santonia Energy since 2002 until its acquisition by Tourmaline. Prior to Fairborne Energy he was Chief Operating Officer with Pan East Petroleum, Canadian Midstream, and Senior Vice President with Duke Energy Field Services. Mr. Summers graduated from the University of Saskatchewan in 1983 with a B.Sc. in Mechanical Engineering. Mr. Summers is a member the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and the Canadian Gas Processors Association (CGPA).
Mr. Cymbalisty has 29+ years of experience in all aspects of engineering and operations. He was Vice President, Engineering with Fairborne Energy and Santonia Energy since 2004 until its acquisition by Tourmaline. Prior to Fairborne Energy he was Vice-President, Engineering and Chief Environmental Safety Officer for Pivotal Energy Ltd., President of Pan Ridge Oil Corp., and Vice-President, Operations at Ionic Energy Inc. Mr. Cymbalisty holds a B.Sc in Geological Engineering from the University of Manitoba (1985). He is a member of the Association of Professional Engineers and Geoscientists of Alberta (APEGA).
Mr. Pyke has 36+ years of experience in Business Development, Land and Contracts. He was the Vice-President of Land and Contracts for Fairborne Energy and Santonia Energy since 2003 until its acquisition by Tourmaline, a position he formerly held with Pivotal Energy Ltd. and Cigar Oil & Gas Ltd. until completion of the arrangement between Fairborne Energy and Pivotal in July, 2003. Prior to that he was Vice-President, Land Contracts for Barrington Petroleum Ltd and Vice-President of Business Development of AEC Oil & Gas Ltd. Mr. Pyke is a graduate of the University of Calgary where he received his B.A. in Economics in 1978. He is a member of the Canadian Association of Petroleum Landmen (CAPL).
Mr. Ardies has over 20 years geological and management experience in Western Canada. He was the Vice-President, Exploration at Santonia Energy until its acquisition by Tourmaline. Mr. Ardies began his career at PanCanadian Petroleum, which was subsequently merged with AEC, resulting in the creation of Encana Corporation. His role at Encana included the exploration of new resource plays in Alberta in their Canadian New Ventures group. Mr. Ardies has held senior roles with Suncor Energy, Dorian Energy and Angle Energy. Mr. Ardies received a B.Sc. in geology at Concordia University in 1995 and also holds a M.Sc. in petroleum geology at Queen’s University. Mr. Ardies is a member of the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and the Canadian Society of Petroleum Geologists (CSPG).
Mr. Park has 21+ years of marketing, trading, logistics, business development and planning experience. He was Vice-President, Marketing with Fairborne Energy and Santonia Energy since 2005 until its acquisition by Tourmaline. Prior to Fairborne Energy, he was with BP Gas & Power, Direct Energy Marketing and Berkley Petroleum with experience gained in transporting, pricing and financial products across Canada and the United States. Mr. Park received his Bachelor of Commerce degree from the University of Calgary in 1993.
Latest News Releases
December 17, 2014
November 26, 2014
StonePoint Energy Inc. has filed on SEDAR its unaudited interim financial statements and related management's discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2014. (PDF 147KB)
For access to our corporate financial statements and corporate filings please visit SEDAR
Board of Director Bios
Mr. Bertram has been the Chief Executive Officer of Keyera Corp. since 1998 and was previously employed at Gulf Canada as Vice President - Marketing for worldwide operations. Prior to joining Gulf Canada, he was Vice President - Marketing of Amerada Hess Canada Ltd. Mr. Bertram is also a director of Legacy Oil & Gas Inc.
Mr. Grierson is experienced in managing several private E&P oil and gas companies. He has served as President of Leland Energy Ltd. (1999-2001), Watford Energy Ltd. (2000-2001), and Markwest Hydrocarbons Inc. (2001-2002) and has been CEO of B&G Energy Ltd. since 2002. His prior experience includes 14 years at Chevron Canada Resources (1982-1996) where he worked as a geologist, with formal cross-training in geophysics, including several roles in management. He spent three years with Kaiser-Francis Oil Co. (1996-1999) in Tulsa Oklahoma, developing projects in Canada and Texas. He currently serves on the Board of Directors of Corex Resources Ltd. Mr. Grierson graduated from Brandon University where he earned Bachelor degrees in Geology, Computer Science and Mathematics.
Mr. Hodgins currently serves on the Board of Directors of AltaGas Ltd., Enerplus Corporation, MEG Energy Corp., Contact Exploration Inc. and Cub Energy Inc. From 2002 to 2004, he served as the Chief Financial Officer of Pengrowth Energy Trust. Beginning in 1998, he was Vice President and Treasurer of Canadian Pacific Limited. Prior to that he was the Chief Financial Officer of TransCanada Pipelines Limited from 1993 to 1998 and held various other senior positions at TransCanada commencing in 1981. Mr. Hodgins holds a Bachelor of Arts in Business from the Richard Ivey School of Business and is a Chartered Accountant (Ontario and Alberta).
StonePoint Energy Inc. requires the highest standards of professional and ethical conduct from our directors, officers and employees. Our reputation among our shareholders for honesty and integrity is key to the success of our business.
The Disclosure Policy documents the disclosure policies and practices of StonePoint and aims to promote an understanding of the legal requirements among StonePoint's directors, officers and employees.
StonePoint Energy Inc. (“StonePoint” or the “Company”) is firmly committed to compliance with all applicable securities laws and regulations, accounting standards, accounting controls, audit practices and applicable environmental health and safety laws and regulations.