News Feed Item
Redhill Strengthens Management Team
|By Marketwired .
|August 11, 2014 08:30 AM EDT
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/11/14 -- Redhill Resources Corp. ("Redhill" or the "Company") (TSX VENTURE:RHR) is pleased to announce the appointment of Mr. Paul McDougall as Chief Executive Officer and Mr. Jamie Carlson as President and Chief Operating Officer.
Mr. Paul McDougall, C.A., recently served as an advisor to Central European Petroleum Ltd. ("CEP"), previous to which he was their CFO from January 2011 to November 2012. CEP was incorporated to pursue petroleum exploration opportunities in the European Union and has since acquired over 3.6 million acres of onshore and offshore exploration licenses in the German states of Mecklenburg-Vorpommern and Brandenburg. Mr. McDougall also served as Chief Financial Officer of OSUM Oil Sands Corp. from 2007 to 2009. OSUM is a private energy company established in Alberta which focuses on the bitumen potential of the Canadian oil sands. It is backed by some of the largest and most sophisticated energy investors in the world including, but not limited to, Warburg Pincus, Blackstone Capital Partners, KERN Partners, Korea Investment Corp., Government of Singapore Investment Corp. and Goldman Sachs.
Prior to joining OSUM, Mr. McDougall worked in various roles at Centurion Energy International Inc. ("CUX"), from 2000 to 2006, ending as VP Finance. Mr. McDougall was an integral part of the executive team that raised over $300 million in debt and equity financings and grew CUX from 1,000 boepd to 38,000 boepd until its sale to Abu-Dhabi listed Dana Das PJSC for $1.15 billion. Prior to joining CUX, Mr. McDougall worked with Deloitte and Touche as Monitor for PetroKazakhstan. Mr. McDougall received his Bachelor of Commerce degree from the University of Calgary and obtained his designation as a Chartered Accountant while working with PricewaterhouseCoopers.
Mr. Jamie Carlson has over 20 years of broad based oil and gas development and management expertise. Mr. Carlson's expertise includes production engineering and operations, business development, project management, asset evaluation and modeling, seismic acquisition, drilling program management, and the development of exploitation strategies for clastic and carbonate light oil, heavy oil, and bitumen plays. Mr. Carlson has played a key role in advancing several assets from inception to later stage development with resulting values of several million to over one billion dollars.
Prior to Redhill, Mr. Carlson was the President and CEO at Carlson Resource Corp., an international energy consulting company providing engineering and business development evaluations in Columbia, Mexico, Egypt and Canada. From 2007 to 2013, Mr. Carlson was the Operations Manager for OSUM Oil Sands Corp. and contributed to the success of building OSUM from a start up to a $1.5 billion dollar company. From 2006 to 2007, Jamie was an Area Coordinator for Baytex Energy where he evaluated US and Canadian acquisitions. From 2003 to 2006, he was a Senior Engineer for Dominion Exploration Canada. Prior to 2003, he held various team leading roles at Enerplus Resources, Petrovera Resources and PanCanadian Energy.
Mr. Carlson is a Professional Engineer and a member of the Association of Professional Engineers & Geoscientists of Alberta, the Society of Petroleum Engineers, the Canadian Heavy Oil Association, the Canadian Society for Unconventional Resources, and Cogen Canada.
The appointments of Mr. McDougall and Mr. Carlson follow the resignation of Mr. Andrew Bowering as Chief Executive Officer and President. Mr. Bowering will remain a director of the Company. Paul DiPasquale has also agreed to step down as a director. Redhill thanks Mr. DiPasquale for his contributions to date.
Graham Harris, Chairman of the Board, comments "This is the first step in building out our oil and gas management team. Jamie and Paul have a successful track record working together and we look forward to working with them to build on opportunities we have identified in the oil and gas sector."
The Company would also like to report the granting, subject to regulatory acceptance, of 1,330,000 incentive stock options to certain officers, directors, consultants and employees of the Company (the "Options"). The Options have a term of 5 years and are exercisable at a price of $0.40 per common share.
Redhill Resources Corp. is listed on the TSX Venture Exchange, has $6.5 million in cash and marketable securities and a 2.5% gross overriding royalty on seven sections of land in the Peace River Montney oil region of Alberta. There are currently 18,607,395 shares outstanding.
On behalf of the Board of Directors,
REDHILL RESOURCES CORP.
Graham Harris, Chairman
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location.
With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 24, 2016 08:00 AM EDT Reads: 3,803
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications.
In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability.
Aug. 24, 2016 08:00 AM EDT Reads: 1,789
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Aug. 24, 2016 07:45 AM EDT Reads: 2,045
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value.
In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Aug. 24, 2016 07:15 AM EDT Reads: 1,634
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications.
Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Aug. 24, 2016 07:15 AM EDT Reads: 1,774
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Aug. 24, 2016 07:00 AM EDT Reads: 1,721
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 24, 2016 05:00 AM EDT Reads: 2,045
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office.
Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Aug. 24, 2016 04:30 AM EDT Reads: 2,163
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 24, 2016 03:30 AM EDT Reads: 2,903
Akana has announced the availability of version 8 of its API Management solution. The Akana Platform provides an end-to-end API Management solution for designing, implementing, securing, managing, monitoring, and publishing APIs. It is available as a SaaS platform, on-premises, and as a hybrid deployment. Version 8 introduces a lot of new functionality, all aimed at offering customers the richest API Management capabilities in a way that is easier than ever for API and app developers to use.
Aug. 24, 2016 02:00 AM EDT Reads: 1,388
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved.
In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Aug. 24, 2016 01:45 AM EDT Reads: 1,254
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences.
In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Aug. 24, 2016 01:45 AM EDT Reads: 1,853
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years?
This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Aug. 24, 2016 01:00 AM EDT Reads: 1,577
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Aug. 24, 2016 12:45 AM EDT Reads: 2,052
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market.
In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Aug. 24, 2016 12:30 AM EDT Reads: 1,853