President & CEO & Director
In 1990, Mr. Ross was co-founder, President and Chief Executive Officer of Gentry Resources Ltd. Gentry was a TSX listed company which grew to over 5,000 boe/d of production and holding approximately 430 net sections of undeveloped land in Southern Alberta until it was sold to Crew Energy Inc. in August 2008 for proceeds of approximately $300 million.
He was also a founder of Stratic Energy Corp. and served as its President & CEO form April 1999 to August 2005. Stratic was an international exploration company with exploration activities in Syria, the North Sea, Black Sea offshore Turkey, Gabon and Ivory Coast West Africa, and onshore Morocco. Stratic Energy was sold to EnQuest PLC, the largest independent oil and gas producer in the UK North Sea.
Mr. Ross served as Chief Executive Officer and President of Novus Energy Inc. from March, 2009, when the company was recapitalized, through to October, 2014. Novus Energy Inc. is a junior oil and gas company with high netback light oil reserves and production in Alberta and Saskatchewan with production of 4,500 boe/d. Novus Energy was sold in January, 2014 for approximately $320 million and is now a wholly owned subsidiary of Yanchang Petroleum International Limited, an oil and gas producer and refined oil wholesale and retail business whose stock is listed on the Hong Kong Stock Exchange. Yanchang Petroleum International Ltd is controlled by Shaanxi Yanchang Petroleum (Group) Co. Ltd which is the fourth largest oil producer in China with $25 billion annual revenue in 2012.
After leaving Novus, Mr. Ross co-founded and became President and Chief Executive Officer of Prairie Storm Energy Corp. Effective February 5, 2014, Prairie Storm closed an equity financing commitment with Natural Gas Partners, of up to $400 million. Prairie Storm is focused on acquiring, developing and exploiting industry leading, large scale oil and gas assets in select regions of Western Canada.
VP Business Development & Director
Mr. Din is currently the VP of Business Development of Prairie Storm Energy Corp. Previously, he was VP Business Development of Novus Energy Inc. (“Novus”) an oil and gas development company formerly traded on the TSX Venture Exchange and recently acquired by Yanchang Petroleum International Limited (“Yanchang”). Mr. Din joined Novus in 2009 to assist with the recapitalization of the company and to help spearhead its growth initiatives. Under Mr. Din’s guidance, Novus’ production grew from less than 300 boe/d to nearly 4,500 boe/d at the time of sale to Yanchang in January, 2014.
From 1994 to 2009 Mr. Din held various roles in the securities industry where he was primarily involved in raising equity and debt capital for public and private energy companies and advising companies concerning merger and acquisition activity.
Mr. Din holds a Masters of Business Administration (M.B.A.) from Pepperdine University and a Bachelor of Commerce (B. Comm) from the University of Calgary.
VP Finance & CFO
Mr. Panchmatia was appointed the VP Finance & CFO of Prairie Storm Energy Corp., in February, 2015. Prior thereto, Mr. Panchmatia was the VP Finance and Chief Financial Officer of Novus Energy Inc. (“Novus”), a junior oil and gas company formerly traded on the TSX Venture Exchange. Mr, Panchmatia joined Novus in March, 2009 to assist with the company’s recapitalization efforts and future growth. Since that time, Novus’ production has grown from less than 300 boe/d to over 4,000 boe/d at the time of sale to Yanchang Petroleum International Limited in January, 2014.
Prior to Novus, Mr. Panchmatia was with Gentry Resources Ltd. (“Gentry”), a TSX listed company until August, 2008 at which time it was sold to Crew Energy Inc. Mr. Panchmatia held various positions throughout his career at Gentry, and was eventually appointed Chief Financial Officer in 1996 and VP Finance in 2001.
Mr. Panchmatia gained international exposure with his time at Stratic Energy Corporation (“Stratic”), a junior international exploration company with activities in the North Sea, the Black Sea, Turkey, Gabon, Cote d’Ivoire and Morocco. Mr. Panchmatia was VP Finance and CFO of Stratic from March, 1999 through October, 2005, at which time he left the company to more fully focus his efforts on Gentry.
Mr. Panchmatia graduated from the University of Lethbridge with a Bachelor of Management in 1998 and became a Certified Management Accountant in 1992.
Mr. Groten is currently the VP of Exploration of Prairie Storm Energy Corp. Previously, he was VP Exploration of Novus Energy Inc., being one of the 5 executives which formed Novus through the re-financing of Regal Energy Inc. in March 2009. Along with the management team, he was an integral part of the growth story as Novus grew from 300 boe/day to over 4000 boe/day and the subsequent sale to Yanchang Petroleum for $320MM. He has had roles of increasing responsibility both in geo-technical roles as well as in management at publicly traded companies, including his role as Vice President Exploration at Gentry Resources Ltd. until Aug 2008 when it sold to Crew Energy Inc. for $298MM. He brings over 25 years of technical and management experience to his role as Vice President of Exploration.
Mr. Groten graduated from the University of Alberta with a Bachelor of Science with specialization in Geophysics in 1989, and is a registered Professional Geophysicist with APEGA and a Member of the CSEG.
VP Engineering & Operations
Mr. Morrison brings with him 26 years of progressive experience in many facets of Engineering and Management within the upstream oil and gas industry. The last 15 years of his career have been spent in senior management roles with junior producers while still remaining active on the technical side.
Mr. Morrison began his career working for Placid Oil Company’s Canadian district office where he gained exposure to the entire range of engineering duties (drilling, completions, production, exploitation and marketing). He completed his 10 year stint at the company in 1995 as Engineering Manager at which time the Canadian assets were acquired by Tarragon Oil and Gas. He then worked for Tarragon for an approximate 3 year period both as a Production Manager and subsequently as an Exploitation Engineer. Morrison then worked for CEC resources initially as VP Engineering for a 1 year period prior to being appointed as President around the same time that the company changed names to Carbon Energy Corporation (Canada). The company grew over the next 4 years increasing production approximately 7 fold while issuing no further shares to fund any of the Canadian growth. Carbon was ultimately sold in 2003 to Evergreen Resources out of Denver. Most recently Mr. Morrison was a founder of Element Energy Canada which was then acquired by Reliable Energy Ltd. He worked at Reliable as Vice President Engineering and Operations until its acquisition by Crescent Point Energy in May 2012 for a purchase price in excess of 100 million dollars. Lastly Mr. Morrison spent time at Questerre Energy Corporation as VP Operations, Western Canada then as COO where he was responsible for the Western Canadian assets within the company and the engineering, geological and land department functions until year end 2013.
Mr. Morrison has a Bachelor of Science Degree in Engineering from the University of Calgary and is a registered Professional Engineer with APEGA in Alberta.