CORPORATE
Management
Dwayne H. Warkentin: President and Chief Executive Officer, Director
Mr. Warkentin is an experienced petroleum industry executive with 31 years of diversified experience in the oil and gas industry. He previously held the position of Senior Vice President and Chief Operating Officer of Madalena for the past four years. Mr. Warkentin has worked in the oil and gas industry in Canada, the United States, Europe, the Middle East, the Far East, South East Asia and South America. These include Vice President and Chief Operating Officer of Antrim Energy Inc., Vice President and Chief Operating Officer of Camberly Energy Ltd., Manager, Development of Lasmo Indonesia Limited, and Petroleum Engineering Manager of Ultramar Oil & Gas Limited. During his tenure with these companies Mr. Warkentin was actively involved in all aspects of international oil and gas operations including acquisitions and divestitures, corporate development, and the management of exploration and development operations in both offshore and onshore international jurisdictions.
Anthony J. Potter: Vice President Finance and Chief Financial Officer
Mr. Potter is a Chartered Accountant with over 24 years of experience with public international oil and gas exploration and development companies. Mr. Potter has provided strategic planning, tax and risk management advice in senior management capacities in the private and public oil and gas sectors, including extensive involvement in Canadian and international operations in Argentina, United Kingdom and Eastern Europe. He has been involved with numerous equity and debt financings, new listings on the London Alternative Investment Market (AIM) and Oslo Stock Exchange and other corporate transactions, including foreign acquisitions and divestitures. Mr. Potter's previous positions include Chief Financial Officer with Antrim Energy Inc., Vice President Finance with a US exploration company and a Principal with Coopers & Lybrand Chartered Accountants. Mr. Potter is a member of the Institute of Chartered Accountants of Alberta.
Directors
Raymond G. Smith: Chairman of the Board, Director
Mr. Smith joined the Board of Directors of Madalena in October of 2005 and became Chairman in early 2006. Mr. Smith is also President and CEO of Bellatrix Energy Resources since February 2009 and has been a Director of Bellatrix since March 2005. Mr. Smith is a Professional Engineer with a broad range of experience from a career which has spanned 41 years in the Western Canada Sedimentary Basin, the United States of America, Tunisia and Argentina. Mr. Smith was previously the President and Chief Executive Officer of Meridian Energy Corporation prior to its acquisition by Bellatrix and the Founder and Senior Officer of Corsair Exploration Ltd., New Cache Petroleum Ltd. and Rydal Energy Ltd.
Ving Y. Woo: Director
Mr. Woo has been a member of the Board of Directors of Madalena since March 2006. Mr. Woo is also currently Vice President of Operations at Bellatrix Exploration Ltd. Mr. Woo is a Professional Engineer with 39 years of industry experience; throughout his career Mr. Woo has worked in many capacities within Management and the operational departments of several junior and intermediate oil and gas companies.
Michael J. Lock: Director
Mr. Lock has 30 years of experience as a negotiator, senior executive and officer for public and private companies. He commenced his career in 1980 with Canadian Superor and moved to Murphy Oil and Gas Ltd. in 1984. During is tenure with Murphy, Mr. Lock had extensive involvement in the acquisition and management of Murphy's interests in the offshore East Coast Hibernia field, Syncrude Oil Sands Project, and the offshore Terra Nova field. In 1997 Mr. Lock was appointed Vice President of Land for Stampeder Exploration and Big Bear Exploration Ltd. Since 2000 Mr. Lock has been an investor and consulant with a number of domestic and international oil companies, and was a Founder and Director of Era Oil and Gas Corp., a successful private oil and gas exploration company which was sold in 2005.
Jay Reid: Director
Mr. Reid joined the Board of Madalena in February 2009 and is currently a Partner at the Calgary based law firm of Burnet, Duckworth & Palmer LLP. He has practiced corporate and securities law since 1990, and currently serves as a director and/or corporate secretary for a number of publicly and privately listed issuers. Mr. Reid provides advice to issuers, underwriters, financial advisors, boards of directors and special committees on a variety of transactions. Mr. Reid has successfully secured listings for companies on the New York Stock Exchange, the Toronto Stock Exchange, TSX Venture Exchange and NASDAQ (National Market).
Keith Macdonald: Director
Mr. Macdonald graduated from the University of Calgary in 1978 with a Bachelor of Commerce in Accounting. Articling with a predecessor to KPMG LLP, he received the Chartered Accountant designation in 1980. Over his career, he founded and was President of New Cache Petroleums Ltd. and has served as a director of several public companies. Currently a director and chair/member of Audit Committee of Zapata Energy Corporation, Bellatrix Exploration Ltd., Cirrus Energy Corporation, Holloman Energy Corporation, WCSB Oil and Gas Royalty Income 2010 Management Corp., Rocky Mountain Dealerships Inc., Cordy Oilfield Services Inc. and Stratabound Mineral Corp. During the past five years, Mr. Macdonald has been the President of Bamako Investment Management Ltd., a private holding and consulting company.
Barry Larson: Director
Mr. Larson has over 30 years of oil and gas industry experience, 15 of which have been in foreign operations. Mr. Larson is the Vice President Operations and Chief Operating Officer of Parex Resources Inc. He held the same position with Petro Andina Resources Inc. from 2005 - 2009. Mr. Larson was a resident of Argentina from 1994 – 1997 where he received extensive operating experience as Manager Drilling then Manager of Operations with Chauvco Resources and Chauvco Argentina and later as Vice President of Operations for Chauvco Resources International. Mr. Larson was a co-founder and Vice President of Aventura Energy Inc. from August 1999 to May 2004, a company that operated in Argentina as well as Trinidad & Tobago. In January 2003, Mr. Larson was named Vice President Operations and Country Manager of Vermilion Oil and Gas (Trinidad) Ltd., a position he held until May 2004. During this time Mr. Larson was resident in Trinidad and Tobago, where Vermilion Oil and Gas (Trinidad), the local operating subsidiary of Aventura Energy Inc. developed the Carapal Ridge gas discovery (approx. 1.0 TCF).
