Calima Energy Ltd (ASX:CE1) has strengthened its board skillset with the appointment of experienced oil and gas engineer Karl Lawrence DeMong to the position of non-executive director.
DeMong brings his substantial well operations management expertise to bear on the company’s work program at Brooks and Thorsby, as well as assisting in the management of Montney assets.
Notably, he has over 30 years of international and domestic experience in onshore and offshore oil and gas developments in technical, leadership and executive roles, specifically focusing on upstream oil and gas, across exploration, development, and production.
“Strong asset”
Calima CEO Glenn Whiddon said: “I am pleased to welcome Karl to the Board of Calima.
“He has been known to one of our substantial shareholders and comes with strong references.
“Karl has worked in the Brooks and Thorsby plays in the past and has both strong Canadian skills and international exposure working in Australia, the Middle East and the Caribbean.
“Karl’s recognised technical skillset and personal qualities will be a strong asset to the business going forward and will complement the existing Board.”
Prior roles
DeMong is an experienced technical advisor in unconventional and conventional fields both domestic (in the Brooks and Thorsby areas) and internationally.
Based in Calgary, the oil and gas engineer holds several patents in surface and downhole oil and gas technologies.
His previous roles include Apache Corporation (NYSE:APA), QuickSilver Resources Canada, Inc, Quantum Reservoir Impact, Sabretooth Energy and Halliburton Drilling Services.
About Calima
Calima Energy’s business strategy is counter-cyclical, designed to take advantage of momentum returning to the oil and gas sector after the savage downturn in global oil and gas prices that started in 2014.
The company’s core asset lies within a liquids-rich sweet-spot of the Monetary Formation in northeast British Columbia where it has been able to covert around 60% of its total 63,000-acre holding to a 10-year lease through its successful exploratory drilling program.
Calima has also merged with Blackspur Oil Corp, a privately held Canadian company with oil and natural gas assets in two core areas within Alberta - at Brooks and Thorsby.