Discovery Resource Management

MANAGEMENT

Sean F Kehoe – Executive Chairman

Mr. Kehoe has been involved in the corporate finance and natural resource industry for over 35 years. He is the Executive Chairman of Sure Stream Resources Inc. Prior to Sure Stream Mr. Kehoe was the President and CEO of a Calgary based junior oil and gas Company which, over a two year period, grew from an original concept with no oil or gas reserve value to a Proved Plus Probable NPV 10 value of $36,430,900 and a Contingent Resource NPV 10 estimated value of $222,690,000. Prior to this company, Mr. Kehoe served as the President, CEO and Chairman of a junior oil and natural gas company also based in Calgary Alberta. Over a two year period, this company achieved 355% year over year growth in total proved reserves which lead to the sale of the company for approximately five times the market capitalization of the Company when Mr. Kehoe took over management.

Mr. Kehoe is also the Managing Director and founder of the Discovery Drilling Funds Group of Companies (the “Discovery Group”). The Discovery Group is a resource exploration management organization engaged in the structuring and operation of institutional and private client exploration syndicates, coal exploration and development, oil and gas resource management and related drilling, pipeline, shipping and well site services. Through these entities Mr. Kehoe has been directly involved in the creation, financing, and hands on management as a CEO, President, or Director of a multitude of businesses in a variety of industries including, oil and gas services, natural resource development, renewable energy and financial services. Many of these companies having been built from original concept to businesses of significant value. Prior to his involvement with these entities, Mr. Kehoe was involved in the Investment Banking and Private Placement financing business. Mr. Kehoe was an original director and one of the two founding members of the Private Capital Markets Association of Canada. PCMA.

Philip E. Collins – P. Geol.

Mr. Collins has over 30 years of diversified experience in western Canada, eastern Canada and the international arena in Trinidad and Texas. He has taken his deep basin tight sand expertise from Alberta and developed significant multi-formational discoveries over his career and has spent the last 20 years building “start-up” oil and gas ventures based significantly on personally generated technical product.

Mr. Collins is the founder of Calston Exploration Inc., a private oil and gas company which has aggregated a significant land base in East Texas on a Jurassic light oil resource play housed in tight sand reservoirs coupled with conventional shallow oil reservoirs. Both play types are amenable to horizontal drilling and multi-stage fracing. Mr. Collins has used the horizontal application of this completion technology to increase the ultimate recovery of reserves in several Canadian sandstone reservoirs. Mr. Collins took this same concept and applied it to this large OOIP resource play in Texas. In April of 2014 Calston was approached by a Major US Independent  to farm out the deeper resource play. This US Independent successfully drilled two horizontal wells to earn and prove up the concept. They have now taken over operatorship of the play with Calston retaining a 20% working interest in the wells and the joint exploration area.

Mr. Collins is a Director of a publically traded junior exploration company; Vulcan Minerals Inc. (“Vulcan”) based in St. Johns, NL, Canada. Vulcan recently spun out a Salt/Potash exploration story (Red Moon Potash Inc.) to evaluate the potential for commercial salt / potash accumulation. Red Moon is currently drilling exploration holes to delineate the feature. Mr. Collins was formerly a Director and Chairman of the Board of Primera Energy Resources Ltd. (“PTT”), a Trinidad based junior exploration Company. Mr. Collins was principal in identifying, raising seed capital and ultimately farming out the onshore Cory Moruga exploration block to PARex resources Inc. in 2009; the partnership has drilled and cased three exploratory wells and a fourth deep re-entry operation in the last three years on the Cory Moruga exploration block. The three wells drilled are waiting on completion to determine commerciality of the potential discoveries. The WD-4 production asset (100% WI) owned by PTT increased from 190 bbl/d to 600 bbl/d and NAV growth from $0.18 to $0.45 per share over the time that Mr. Collins was involved with the Company. The PPT Board made the decision in October 2012 to merge PTT by way of amalgamation into Touchstone Exploration (“TAB” – a Canadian based Trinidad explorer).

In August of 1999 Mr. Collins joined Corsair Exploration Inc as Vice-President of Exploration and held that position until the company was sold in June 2002. Over a 30 month period Corsair drilled from 0 to1,100 boed and established 5.4 million boe of new reserves. In September 2002, Mr. Collins joined Meridian Energy Corporation (“Meridian”) as Vice-President, Exploration. A little over a year later he became President and Chief Operating Officer of Meridian and held that position until Meridian was sold in March 2005. Over approximately 30 months, Meridian drilled from 0 to 3,100 boed and established 7.3 million boe of proven plus probable reserves. In April 2005, Mr. Collins started Cork Exploration Inc. (“Cork”) and was its President and Chief Executive Officer until July of 2007. Over approximately 24 months, Cork drilled from 0 to 3,500 boed and established 9.6 million boe of proven plus probable reserves. Mr. Collins is highly regarded in the Calgary oil and gas community due to his demonstrated ability to find new reserves. Prior to the three start ups above, Mr. Collins gained valuable experience as a senior geologist at Alberta Energy Company, Pamplona Energy Limited (Manager Exploration), Stampeder Exploration Ltd. (Sr. Explorationist) and Big Bear Exploration Ltd. ( Vice-President Exploration). Mr. Collins has also provided technical and business advisor services to Discovery Resource Management (“DRM”). Through Discovery, Mr. Collins was directly involved  in the discovery and development of numerous oil and gas fields throughout the Western and Williston Sedimentary Basins. DRM is an energy platform which provides technical and financial support for energy related start-ups in addition to providing independent technical expertise to the oil and gas industry. Mr. Collins has a B.Sc. in Geology from the University of Alberta (1986) and is a member of APEGGA and the CSPG.

Chris Wallin P. Eng
Engineering

Mr. Wallin is a Professional Engineer with over 20 years of petroleum engineering experience across a wide variety of assets in the WCSB most recently as a Sr. Development and Acquisition Evaluation engineer with Enerplus Resources Fund (“Enerplus”). As the Area Team Lead for Red Deer (W5M), Mr. Wallin was the “Franchise” manager of a $100 million profit centre, where his responsibilities included: recruiting and managing a high performance team of multi-discipline professionals and field operations staff, stewarding OPEX & CAPEX budgets, reserve management and HSE targets. While in this position, Mr. Wallin created long range strategic plans; from idea generation to technical and economic justification, through to project execution and operations, which included A&D evaluations, asset for equity swaps, SWOT analysis, competitor review, partner relations, entrance/exit strategy, land sales, staffing and resource forecasting. During his tenure at Enerplus, Mr. Wallin broadened his technical experience as a Senior Development Engineer through assignments across many core assets in the Pembina/Joarcam, Alberta/Saskatchewan Border and South East Saskatchewan areas. He was responsible for long term development, exploitation and management of numerous oil and gas properties, including asset evaluations and acquisitions. His experience includes cold heavy oil production with sand, water flood implementation and optimization, horizontal wells and wet Mannville CBM. Prior to Enerplus Mr. Wallin gained valuable engineering experience in production, operations, exploitation and evaluations while holding senior engineering positions with Husky Energy Inc, Petrovera Resources Limited and Wascana Energy Inc. (Nexen). Mr. Wallin graduated from the University of Saskatchewan with a Bachelor of Science in Chemical Engineering. He is a member of APEGGA, APEGS and SPE.

Wes Hansen
Drilling Operations

Mr. Hansen has over 37 years of industry experience, including 25 years in the directional and horizontal drilling industry. He has been named in 3 Canadian/US –registered patents for his contributions in the development of intellectual property associated with directional and horizontal drilling. Mr. Hansen began his career in 1979 as a rig roughneck and worked his way up the ladder to assume a variety of roles including; Rig manager, Directional drilling supervisor, Vice President of Operations for Drilling and Directional Drilling, Geo-Pilot Specialist, Drilling Superintendent, Project Manager for offshore drilling operations (China) and Company man for Drilling Operations. He has personally drilled over 200 wells onshore and offshore around the globe including projects in Nigeria, Saudi Arabia, Brazil, China the US and throughout the Western Sedimentary basin in Canada. He has a Diploma in Petroleum Engineering Technology and is a member of the Society of Petroleum Engineers. Mr. Hansen’s extensive experience with all components of drilling operations will ensure that the Company maintains a tight control of costs and operational performance throughout all of its drilling activities.

Mark Ross P. Eng
Engineering and Operations

Mr. Ross has more than 35 years of hands on experience in the oil and gas industry spanning a variety of executive roles in addition to extensive experience in the areas of drilling operations and facilities. Most recently Mr. Ross organized and headed up a team of oil field professionals that were assigned the task of turning a struggling junior oil and gas company around. His team provided all operational functions including accounting, marketing, mineral and surface land, production accounting and field operations.  They also designed and implemented an acquisition and workover plan to substantially increase the company’s value over a one year period from a liability situation to a net asset value of over $10 Million. As part of this turn around they dropped operating costs by 25% and increased gas production from 0.75MMCFD to 4.5 MMCFD all over a one year period. Prior to this Mr. Ross served as the president and owner of Ross Energy Service Ltd. (“Ross Energy”), an oilfield engineering and consulting company based in Calgary, Alberta. Over more than 25 years Ross Energy focused on drilling, completions, workovers and facility/pipeline construction in the Western Canadian oil business. Ross Energy’s management and technical staff have accumulated over 150 years of collective experience in engineering, drilling and completing wells. Mr. Ross has also been involved as a founder, director and manager of a variety of private and public oil and gas companies which have grown from original concepts to companies of significant value.  Prior to forming Ross Energy in 1992, Mr. Ross worked as an operations engineer for Mobil Oil Canada for twelve years. His responsibilities advanced in various offices in Western Canada.  Mr. Ross’ experience and contacts continue to be an asset in terms of deal flow as well as securing equipment and services for Sure Stream and the Discovery Group.  Mr. Ross has a B.E. in Mechanical Engineering from the University of Saskatchewan (1981) and is a professional member (non-practising) with the Association of Professional Engineers, Geologists and Geophysicists of Alberta

Tim Bird
Professional Geologist

Tim Bird is a professional geologist with over 35 years of varied experience within industry and public sector roles.  Most recently with Native American Resource Partners (NARP) as Chief Geologist and Senior Geological Advisor, he was in charge of geological and technical evaluation of business opportunities and the drilling of exploration wells in southern Alberta. He provided advice to the Business Development team for the evaluation and entry into new areas and ventures in North America.  He managed geological aspects of the company’s involvement in both conventional and unconventional plays. As Chief Geologist he was responsible for all geological aspects of drilling, completions, groundwater and environmental protection as well as First Nations community consultations.

Previous to NARP, Mr. Bird was the Senior Staff geologist at Murphy Oil, working in exploration and business development in addition to unconventional Greenfield exploration ventures. He demonstrated success as part of a team that originated the southern Alberta Bakken play, culminating in the drilling and completion of 8 wells.  Prior to that at EOG Resources in Fort Worth, Texas Mr. Bird specialized in unconventional oil and gas plays in the Barnett Shale. At Canadian Natural Resources Ltd., he was a key member in building a large gas project in northeast British Columbia (Jean Marie Helmet adding up to 130 MMCF/D) , and generated plays elsewhere in western Canada.  As a consultant, He worked with Rio Alto, Ulster/Anderson and Canacol.

While working with the Canadian government, Tim researched and published regional hydrocarbon assessments with the Geological Survey of Canada. He has worked extensively in the Western Canada, frontier basins and within First Nations Land Claim areas while at Energy Mines and Resources Canada and Indian and Northern Affairs Canada, Canada Oil and Gas Lands Administration. Prior to joining the Canadian Geological Survey Mr. Bird worked with Forest Oil, Dome Petroleum and the Hudson’s Bay Oil and Gas company.

Mr. Bird currently holds Tracs and H.M. Hunter awards from the Canadian Society of Petroleum Geologists, and is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta, and the American Association of Petroleum Geologists.

He has lead and co-lead geological field courses to Northern Canada (oil and gas in ancient carbonates- Nahanni, Pine Point), Belize and Bahamas (modern carbonates).

He has done volunteer work with First Nations -community outreach/ oil and gas 101 and “Frac Facts” education seminars, stay- in- school programs, as well as the Kids in Science Program. (Fort Nelson First Nations, Trout Lake Deh Cho), and with Calgary internationally trained immigration mentoring programs CRIEC and Calgary Catholic Immigration Society.  He has volunteered with Engineers without borders, Light Up the World Solar and clean water solutions for off gird areas.  He is currently a member of the Yukon Oil and Gas Advisory Committee (Yukon Government)

Oleksandr Iantsevych, PhD Geology-hydrogeology, P.L. (Eng.)

Dr. Yantsevich has over three decades of experience in geological prospecting, exploration of underground water supplies, aerospace research, and geo-ecology. He has extensive experience in satellite imaging (SI) computer processing and interpretation, preparation of specialized maps, creating a database of geological information obtained by SI, development and implementation of geographic information systems (GIS) to address environmental challenges. His main area of concentration is the use of remote sensing of geological survey mapping of scale 1: 200,000 and 1: 50,000. Using SI data to search for promising areas for oil and gas within the main oil-bearing regions of Ukraine, including Black Sea shelf. Some of Dr. Iantsevych’s other interesting accomplishments include the study of the influence of the Chernobyl fallout on underground potable water as it relates to fracturing and the contamination of potable water. Since 2009 Dr. Iantsevych has collaborated with TetraSeis Inc. in area of DWM interpretation using SI. Dr. Yantsevich is the author of 32 papers in leading geological and geophysical journals.

Mark Ross P. Eng
Engineering and Operations

Mr. Ross has more than 35 years of hands on experience in the oil and gas industry spanning a variety of executive roles in addition to extensive experience in the areas of drilling operations and facilities. Most recently Mr. Ross organized and headed up a team of oil field professionals that were assigned the task of turning a struggling junior oil and gas company around. His team provided all operational functions including accounting, marketing, mineral and surface land, production accounting and field operations.  They also designed and implemented an acquisition and workover plan to substantially increase the company’s value over a one year period from a liability situation to a net asset value of over $10 Million. As part of this turn around they dropped operating costs by 25% and increased gas production from 0.75MMCFD to 4.5 MMCFD all over a one year period. Prior to this Mr. Ross served as the president and owner of Ross Energy Service Ltd. (“Ross Energy”), an oilfield engineering and consulting company based in Calgary, Alberta. Over more than 25 years Ross Energy focused on drilling, completions, workovers and facility/pipeline construction in the Western Canadian oil business. Ross Energy’s management and technical staff have accumulated over 150 years of collective experience in engineering, drilling and completing wells. Mr. Ross has also been involved as a founder, director and manager of a variety of private and public oil and gas companies which have grown from original concepts to companies of significant value.  Prior to forming Ross Energy in 1992, Mr. Ross worked as an operations engineer for Mobil Oil Canada for twelve years. His responsibilities advanced in various offices in Western Canada.  Mr. Ross’ experience and contacts continue to be an asset in terms of deal flow as well as securing equipment and services for Sure Stream and the Discovery Group.  Mr. Ross has a B.E. in Mechanical Engineering from the University of Saskatchewan (1981) and is a professional member (non-practising) with the Association of Professional Engineers, Geologists and Geophysicists of Alberta

Alexander Kostyukevych Ph D  Geophysics

Dr. Kostyukevych has over three decades of experience in the area of seismic and gravity data processing and interpretation, particularly in the research and development of geophysical modeling software. His area of expertise includes: theory, algorithms and programs for 2D and 3D geophysical modeling; Seismic wavefield propagation algorithms and programming; geophysical software design; seismic and gravity data processing and interpretation.  Dr. Kostyukevych is the author of over 60 papers in leading geophysical journals from around the world. He is one of the founders of Tesseral Technologies Inc. and TetraSeis Inc. At Tesseral Dr. Kostyukevych has been instrumental in the development of the Duplex Wave Migration technology in addition to a number of other seismic data processing packages.  Dr. Kostyukevych got his Ph D from the instetuet of geophysics of Ukraine and then did his post phd reaserch at the University of Alberta followed by a senior research position at the University of Calgary.\

Naum Marmalyevskyy, Ph D  Geophysics

Dr. Marmalyevsky has over 30 years of experience in the seismic prospecting area, particularly in the research and development of geophysical software, seismic data processing and interpretation. His areas of expertise includes: theory, algorithms and programs for 2D and 3D depth migration; Migration velocity analysis;AVO-analysis of VSP data;Seismic data processing and interpretation. He is the author of over 80 papers in leading European, Ukrainian, Russian geophysical journals and has 15 patents of the former USSR, USA , Canada, Ukraine and Russia. EAGO active member (1997) and Ukrainian Oil and Gas Academy correspondent member (1999). Dr. Marmalyevesky is also one of founders of Tetra Seis Inc. where he works out of the Ukrainian R&D branch as the chief researcher and project manager.  Dr. Marmalyevsky was one of inventors of Duplex Wave Migration technique, which is patented in USA and Canada.. Dr. Marmalyevesky continues to develop and test new techniques of seismic data processing, such as Vector Wave Equation Migration.