|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."
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, will highlight the current challenges of these transformative technologies and share strategies for preparing your organization for these changes. This “view from the top” will outline the latest trends and developm...
Feb. 24, 2017 06:00 PM EST Reads: 2,063
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
Feb. 24, 2017 05:30 PM EST Reads: 3,367
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Feb. 24, 2017 05:00 PM EST Reads: 10,693
How will your company move to the cloud while ensuring a solid security posture? Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is ...
Feb. 24, 2017 05:00 PM EST Reads: 4,890
In his session at 20th Cloud Expo, Chris Carter, CEO of Approyo, will discuss the basic set up and solution for an SAP solution in the cloud and what it means to the viability of your company. Chris Carter is CEO of Approyo. He works with business around the globe, to assist them in their journey to the usage of Big Data in the forms of Hadoop (Cloudera and Hortonwork's) and SAP HANA. At Approyo, we support firms who are looking for knowledge to grow through current business process, where even...
Feb. 24, 2017 04:15 PM EST Reads: 543
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
Feb. 24, 2017 03:45 PM EST Reads: 1,432
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Feb. 24, 2017 03:45 PM EST Reads: 1,274
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Feb. 24, 2017 03:30 PM EST Reads: 1,408
Some people worry that OpenStack is more flash then substance; however, for many customers this could not be farther from the truth. No other technology equalizes the playing field between vendors while giving your internal teams better access than ever to infrastructure when they need it. In his session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will talk through some real-world OpenStack deployments and look into the ways this can benefit customers of all sizes....
Feb. 24, 2017 03:15 PM EST Reads: 1,128
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Feb. 24, 2017 03:15 PM EST Reads: 2,140
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 24, 2017 02:45 PM EST Reads: 1,876
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, Cloud Expo and @ThingsExpo are two of the most important technology events of the year. Since its launch over eight years ago, Cloud Expo and @ThingsExpo have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, I provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading the...
Feb. 24, 2017 02:15 PM EST Reads: 8,491
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Feb. 24, 2017 02:15 PM EST Reads: 920
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Feb. 24, 2017 02:00 PM EST Reads: 1,963
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his general session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore...
Feb. 24, 2017 01:45 PM EST Reads: 1,112