Doug Burroughs

Experience

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  TransGas Management Inc.

  Nov 1992 - Nov 1994

  Business Consultant

  TransGas Management Inc. was a Natural Gas Business Consulting firm specializing in the development, maintenance and support of a gas management software system. The software was designed to handle operations and accounting related to the buying, transporting and selling of natural gas. Significant effort was spent on research into how marketing companies were conducting their business and developing specifications for the software team to implement.

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  Encal Energy Ltd./ Calpine Canada

  Nov 1994 - Aug 2002

  Petroleum Engineer

  Responsible for exploitation of oil and gas properties throughout Alberta and Saskatchewan, including strategic planning, budgeting, acquisition and divestiture recommendations, annual corporate reserves evaluation, exploration play risked economic evaluations and property value enhancement evaluations. Received the “Presidents Award” in 1999 for work on a $33,000,000 asset acquisition and the enhancement of value post-closing. Sat on an operations committee which oversaw all issues related to drilling and completing of wells. Gained significant experience in horizontal development of tight carbonates. Show less

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  El Paso Velvet Exploration Partnership

  Aug 2002 - Mar 2004

  Petroleum Engineer

  Responsible for exploitation of oil and gas properties throughout Alberta and British Columbia, including strategic planning, budgeting, acquisition and divestiture recommendations, corporate reserves evaluation, exploration play risked economic evaluations and property value enhancement evaluations. Played a major role in the sale of $100,000,000 in assets, and finally the remaining corporation.

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  Gladius Energy Ltd.

  Jan 2004 - Jan 2007

  VP of Engineering

  Co-founder of Gladius Energy Inc., a Private Equity financed company. The company was a re-populated, refocused and re-capitalized existing shell company with nil value. Raised $14.4 MM, added 3.3 MM boe (GLJ) TP+P reserves at $20,207 per flowing boe, had an F&D cost of $8.36 /boe Total Proved and $5.98 /boe TP+P. Production in 2 years went from zero to 1100 boe/d, exploring and exploiting clastic sandstone and carbonate reservoirs in the deep basin of west central Alberta. Gladius was sold to Crew Energy Inc. for $70 MM, returning significant value to the shareholders, a return greater than 500%. Show less

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  Skana Exploration Ltd.

  Jan 2007 - Jan 2011

  VP of Engineering

  Co-founder of Skana Exploration Ltd., a Private Equity financed company which grew through drilling from zero to 3,000 boe/d in 4 years at less than $15,000 per flowing boe. The company raised $29 MM, added 12 MM boe TP+P reserves at $8.65 /boe while Total Proved reserves were added at $11.28 /boe. Sold to Bonavista Energy Corporation for $78.5 MM, returning almost 300% to shareholders, even through the market collapse of 2008

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  Sitka Exploration Ltd.

  Nov 2011 - Jul 2021

  VP Engineering, COO

  Co-founder of Sitka Exploration Ltd., a start-up Private Equity financed company. The company was focused on generating grass roots exploitation of Ellerslie, Glauconite and Cardium targets in the deep basin of west central Alberta. Modern horizontal, multistage completion techniques have been applied to operations from start up. Production peaked over 7000 boe/d.