Standard Exploration Ltd. announced appointment of a new management team. The New Management Team will be led by Ian Atkinson as President and Chief Executive Officer, Calvin Yau, as Vice President, Finance and Chief Financial Officer, Chris Birchard, as Vice President, Geoscience, Gary McMurren as Vice President, Engineering and Sanjib (Sony) Gill as Corporate Secretary. Ian Atkinson has been the founder of several private and public oil and gas companies with over 25 years of technical, executive and board of director experience. Mr. Atkinson was the founder, President and Chief Executive Officer of Gulf Pine Energy since 2014. Calvin Yau was a co-founder of Gulf Pine Energy and was the Vice President, Finance and Chief Financial Officer since 2014. Chris Birchard was a co-founder of Gulf Pine Energy and was the Vice President, Geosciences since 2014. Mr. Birchard has over 20 years of exploration and management experience in the oil and gas industry. Gary McMurren was a co-founder of Gulf Pine Energy and was the Vice President, Engineering since 2014. Mr. McMurren has over 20 years of engineering, operational and management experience in the oil and gas industry. Previously, Mr. McMurren was the Director of Light Oil at Athabasca. Sony Gill is a partner at McCarthy Tétrault LLP. Upon closing of the Transaction, the New Board will be comprised of Ian Atkinson, Bruce Beynon, Michael G. Kohut, Tamara MacDonald, Andrew McCreath, C. Neil Smith and R. Steven Smith. Mr. Beynon is a professional geologist with 30 years of oil and gas industry experience. Mr. Beynon is the Executive Vice President, Exploration and Corporate Development at Baytex Energy Corp. and was most recently the President of Raging River Exploration Inc. until August, 2018. Mr. Kohut is the Chairman of the Board at Big Rock Brewery Inc. and is a Director of Ikkuma Resources Corp. Ms. MacDonald was most recently the Senior Vice President, Corporate and Business Development of Crescent Point Energy Corp. Mr. McCreath is a CFA with over 30 years of experience in the investment community including the last 20 years as a Portfolio Manager. Most recently, Mr. Smith was the Chief Operating Officer at Crescent Point Energy Corp. where he was responsible for all aspects of the company's capital budget, safe operations, reserves management and acquisition evaluations as well as corporate operations risk management analysis and social responsibility reporting. Mr. Smith is a CA, CPA and currently the CFO of Broadview Energy Ltd. and a Director of Broadview Energy and Karve Energy Inc. Following the completion of the Transaction, Standard expects to focus on in-field stacked payed development drilling complemented by accretive oil and gas opportunities in the US Gulf Coast states, growing through a targeted acquisition and consolidation strategy. The Corporation's low base decline, high netback production, efficient inventory of internally generated locations and the recapitalized corporate structure will allow for sustainable and efficient per share growth. The New Management Team has identified a number of potential acquisition targets in the same operating areas with similar producing characteristics and
intends to pursue those opportunities in the near future.