November 21, 2019 13:50 PST

History & Strategy

 

Historic Growth (Since 2010)

Bulgaria

  • Awarded permit for 100% of the Vranino 1-11 License

  • License agreement for coal bed methane project signed 2017

  • Work commenced (2018) with environmental assessment

Turkey

  • 2017 – acquired two producing oil and gas fields

  • Increased interest from 36.75% to 49% in offshore gas field the South Akçakoca Sub-Basin (“SASB”) in January 2018

Recent Activities
  • CDN$2.5m Capital Raise completed 2018

  • Trading on CSE anticipated Q2, 2019 subject to approval of preliminary prospectus filed January 2019 for symbol TCF

  • SASB Project: Third party independent resource report assessment expected Q2, 2019

  • Substantial planned capital raise – Q2, 2019

Production Growth (2019-2020)
  • Ramp up production in SASB 10X (>25MMcf/d) by tying-in 4 proven undeveloped discoveries with reserves to existing platforms for + cash flow

  • Prove up reserves through third party report

Exploration (2020 -2021)
  • Drill offshore exploration well SASB

  • Drill exploration well Turkey Derecik license

  • Drill exploration well Bulgaria –Vranino 1-11

Company Info

President and CEO

Arthur Halleran


Email


Address (Canada)

Suite 700
838 West Hasting Street
Vancouver, BC V6C 0A6

Operations (Turkey)

Turan Gunes Bulvari, Park Oran Ofis Plaza,
180-y, Daire:54, Kat:16, 06450,
Oran, Cankaya, Ankara, Turkey


Phone

1-778-819-1585

Consultants

 

Legal Counsel
Macdonald Tuskey

Auditors
Whitley Penn

 

Transfer Agent (Canada)
Odyssey Trust

Transfer Agent (USA)
American Registrar & Transfer Co
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Dr. Arthur Halleran, President, CEO & Director

Dr. Halleran has served as a director of the Company since October 4, 2011.


About Dr. Arthur Halleran, President, CEO & Director


He has a Ph.D. in Geology from the University of Calgary, and has 38 years of petroleum exploration and development experience. His international experience includes countries such as Canada, Colombia, Egypt, India, Guinea, Sierra Leone, Sudan, Suriname, Chile, Brazil, Bulgaria, Turkey, Pakistan, Peru, Tunisia, Trinidad Tobago, Argentina, Ecuador and Guyana. Dr. Halleran’s has worked for Petro-Canada, Chevron, Rally Energy, Canacol Energy, United Hunter Oil and Gas and United Hydrocarbon International Corp. In 2007, Dr. Halleran founded Canacol Energy Ltd., a company with petroleum and natural gas exploration and development activities in Colombia, Brazil and Guyana.

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David Thompson, CFO & Director

Mr. Thompson has thirty (30) years of financial experience in the oil and gas industry.


About David Thompson, CFO & Director


He successfully founded an oil trading company in Bermuda with offices in the U.S. and Europe (Geneva, Moscow and Amsterdam). He was responsible for the company’s production operations in Turkmenistan and successfully raised over $100 million in equity. Was responsible for the company’s production from the Lhamov and Zhdanoy oil fields (offshore Caspian Sea – part of Turkmenistan project) which discovered producing reserves of 365m barrels oil and 2 TCF gas. He also negotiated the farm-out of a number of company assets. He is Managing Director of AMS Limited; a Bermuda based Management Company. He has served as Founder, President and CEO of Sea Dragon Energy Inc. (TSX:V), CFO of Aurado Energy, CFO of Forum Energy Corporation (OTC), Financial Director of Forum Energy Plc (AIM) and SVP at Larmag Group of Companies. Mr. Thompson is a Certified Management Accountant (1998).

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Kubilay Yildirim – General Manager (Turkey)

Mr. Yildirum has over the past 20 years had hands on experience in drilling.


About Kubilay Yildirim – General Manager (Turkey)


Mr. Yildirim has over the past 20 years had hands on experience in drilling, production, seismic acquisition, and logistics for both onshore and offshore projects in Turkey. He has spent most of career with this company and its predecessor companies: Madison, Toreador and Tiway.
He has also been involved in sales and divestitures of assets and has taken on significantly more managerial positions until being promoted to General Manager in 2009. Mr. Yildirim has a degree in Petroleum and Natural Gas Engineering from Middle East Technical University and an MBA from Bilgi University in Istanbul.

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Ozge Karalli – Finance Director (Turkey)

Mrs. Karalli began her career in Deloitte as tax compliance auditor where she was also audit senior and supervisor between 1998 and 2004.


About Ozge Karalli – Finance Director (Turkey)


She joined Toreador in 2004 as Accounting Manager and Financial Controller, before becoming the Finance Director of Tiway Oil in 2010. Mrs. Karalli has a Bachelor of Economics degree from Bilkent University and has been a Chartered Public Accountant in Turkey since 2002.

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Dr. Barry Wood - Director

Dr. Wood has over 45 years’ experience in the upstream oil and gas industry.


About Dr. Barry Wood - Director


Dr. Wood has over 45 years’ experience in the upstream oil and gas industry, having spent the core of his career with Shell Canada and Marathon International Oil Company. With Marathon he directed asset evaluations across Southeast Asia and the Afro/Arabian regions, and drilling campaigns in Egypt and Syria for over 16 years. In 1998 he founded PetroQuest International SA a private exploration and advisory firm which he led to new exploration fairways in Tanzania, Syria and Egypt through the application of his research in reservoir formation. Since 2008, his experience has also included senior advisory positions with companies such as Dana Gas, NPC (Egypt), Sea Dragon (Egypt), and Maurel et Prom (Tanzania), among others, in establishing new offices, reviewing and recommending new opportunities, preparing contracts and managing geological and geophysical programs. Dr. Wood holds a D. Phil from Oxford University and is a member of the Geological Society of London, The Petroleum Exploration Society of Great Britain, and the American Association of Petroleum Geologists.


Investor Information

CSE listing pending. TCF symbol requested.