Uriel Gas Holdings Corp. Equity Crowdfunding

Overview

The Company is an oil and gas company engaged in the exploration for and production of crude oil and natural gas in Western Canada. The Company’s business model focuses on the acquisition and exploitation of under-developed oil and gas pools, principally in the Western Canadian Sedimentary Basin. This is accomplished by incorporating resource assessment methodology to determine remaining potential of legacy pools. 

Uriel’s first acquisition and sole asset is a 100% operated working interest in the Richdale Property located in southeast Alberta. The Richdale Project covers 4,800 acres and consists of 7 active producing oil wells, a water injection well, 4 suspended wells and associated gathering infrastructure.

Crowdfunded Activities

Here's how Uriel Gas Holdings Corp. is planning on using the funds raised from this crowdfunding:

	Minimum Raise	Maximum Raise
General Working Capital	$4,600	$1,380,000
Portal Fees	$400	$120,000
Total	$5,000	$1,500,000

Uriel Gas Holdings Corp.

Company Website: https://urielgas.com/
Head Office Address: Suite 2900, 500 4th Avenue SW, Calgary, AB T2P 2V6
Company Phone No: 844-343-5486
Company Email Address: info@urielgas.com

Offering Document

No securities regulatory authority or regulator has assessed, reviewed or approved the merits of these securities or reviewed this offering document. Any representation to the contrary is an offence. This is a risky investment.

The forecasts and predictions of an early-stage business are difficult to objectively analyze or confirm. Forward-looking statements represent the opinion of the issuer only and may not prove to be reasonable.

The Issuer

Full legal name: Uriel Gas Holdings Corp.

Head office address: Suite 2900, 500 4th Avenue SW, Calgary, AB T2P 2V6

Telephone: 844-343-5486

Email address: info@urielgas.com

Website URL: https://urielgas.com/

Company Contact Person

Full legal name: Daniel Custock

Position held with the issuer: Corporate Secretary

Business address: c/o Suite 2900, 500 4th Avenue SW, Calgary, AB T2P 2V6

Business telephone: 844-343-5486

Business email address: info@urielgas.com

Issuer's Business

Does or will the issuer build, design or develop something? Will it sell something produced by others? Will it provide a service?

The Company is an oil and gas company engaged in the exploration for and production of crude oil and natural gas in Western Canada.

What are the key details about the issuer's industry and operations? What makes the issuer's business special and different from other competitors in the industry?

The extensive experience of management and the board of directors in the oil and gas exploration and development industry, totalling over 180 years, is a key differentiator from other competitors.

What milestones has the issuer already reached and what do they hope to achieve in the next 2 years?

Uriel completed the acquisition of the Richdale Project on July 14, 2022. Over the next two years, Uriel plans to expand the production volumes on the Richdale Project through well workovers and the drilling of additional vertical wells.

Uriel also plans to grow the company through the acquisition and development of additional oil and gas assets.

What are the major hurdles that the issuer expects to face in achieving its milestones?

The long term goal of growing the Company through the acquisition and development of additional oil and gas assets will require the identification of accretive asset acquisition opportunities in a competitive environment as well as raising additional capital on attractive terms.

How are the funds raised from this financing expected to help the issuer advance its business and achieve one or more of the milestones?

Funds raised will be used for work programs on the Richdale Property and for general working capital purposes.

Has the issuer entered any contracts that are important to its business?

Uriel has not entered into any contracts that are material to its business.

Has the issuer conducted any operations yet?

Uriel is operating the Richdale Property.

Where does the issuer see its business in 3, 5, and 10 years?

Uriel intends to grow and increase production volumes at Richdale and also grow through additional oil and gas asset acquisitions.

What are the issuer's future plans and hopes for its business and how does it plan to get there?

Uriel plans to grow the company by acquiring and exploiting under-developed oil and gas pools, principally in the Western Canadian Sedimentary Basin, by incorporating resource assessment methodology to determine remaining potential of legacy pools.

What is the issuer's management experience in running a business or in the same industry?

Each member of the management team has between 30-40 years of experience in the oil and gas exploration and development industry.

Does the issuer have business premises from which it can operate its business?

Yes

How many employees does the issuer have? How many does it need?

Uriel does not have any employees. Day-to-day activities are carried out by management, and Uriel utilizes contractors on an as-needed basis.

Indicate whether the issuer is a corporation, a limited partnership, a general partnership, an association (as defined under the Instrument) or other.

Corporation

Indicate the province, territory, or state where the issuer is incorporated or organized.

British Columbia

Issuer's articles of incorporation, limited partnership agreement, shareholder agreement or similar documents are available to purchasers at:

The Issuer’s certificate of incorporation, notice of articles and articles can be viewed at the Head Office of the Issuer.

Issuer's Operations

Has never conducted operations

Is in the development stage

Is currently conducting operations

Financial statements available

Describe the number and type of securities of the issuer outstanding as at the date of the offering document. If there are securities outstanding other than the eligible securities being offered, please describe those securities:

51,066,500 common shares

13,360,000 Special Warrants convertible at no cost into 13,360,000 common shares

1,721,500 Finder Warrants exerciseable into 1,721,500 common shares

6,200,000 stock options exerciseable into 6,200,000 common shares

Management

Full legal name: Daniel Custock

Municipality of residence: Vancouver, BC

Position at issuer: Corporate Secretary

Principal occupation for the last five years: Businessman

Expertise, education, and experience that is relevant to the issuer's business:

Mr. Custock is the current Corporate Secretary, and former President and Director of Uriel Gas Holdings Corp.

He was a founder and CEO of Dragon Dynamic Cyber Security Corporation (now CanX CBD Processing Corp), and a founder and CEO of Newscope Capital Corporation (now PharmaTher Holdings Ltd. CSE: PHRM.CN).  Mr. Custock has over 33 years of experience as a businessman in land and property acquisitions, divestiture and financing.  In addition, he was a petroleum landman for over 25 years and later a realtor.  He currently serves as the Director and CEO of Intensity Capital Corporation.  Additionally, Mr Custock is a dealing representative based out of the Vancouver, BC office of EMD Financial. Mr. Custock attended the Sauder School of Business at the University of British Columbia.

Number and type of securities of the issuer owned: 2,100,000 Common Shares and 1,250,000 stock options

Date securities were acquired and price paid for the securities: 2,000,000 common shares @ $0.02 October 21, 2021 and 100,000 common shares @ $0.05 February 4, 2022

Percentage of the issuer's securities held as of the date of this offering document: 4.63%

(a): has ever, pled guilty to or been found guilty of:

A summary conviction or indictable offence under the Criminal Code (R.S.C., 1985, c. C-46) of Canada:

A quasi-criminal offence in any jurisdiction of Canada or a foreign jurisdiction:

A misdemeanour or felony under the criminal legislation of the United States of America, or any state or territory therein:

An offence under the criminal legislation of any other foreign jurisdiction:

(b): has been the subject of an order (cease trade or otherwise), judgment, decree, sanction, or administrative penalty imposed by, or has entered into a settlemtn agreement with, a government agency, administrative agency, self-regulatory organization, civil court, or administrative court of Canada or a foreign jurisdiction in the last 10 years related to:

The person's involvement in any securities, insurance, or banking activity

A claim based in whole or in part on fraud, theft, deceit, misrepresentation, conspiracy, breach of trust, breach of fiduciary duty, insider trading, unregistered trading, illegal distributions, failure to disclose material facts or changes, or allegations of similar conduct

(c) is or has been the subject of an order, judgement, decree, sanction or administrative penalty imposed by a discipline committee, professional order or administrative court of Canada or a foreign jurisdiction in the last ten years related to any professional misconduct:

(d) is or has been the subject of a bankruptcy or insolvency proceeding:

(e) is a director or executive officer of an issuer that is or has been subject to a proceeding described in paragraphs (a), (b), (c) or (d) above:

Full legal name: Greg Kaiser

Municipality of residence: Calgary, Alberta

Position at issuer: Director and CEO

Principal occupation for the last five years: Oil and Gas Executive

Expertise, education, and experience that is relevant to the issuer's business:

Mr. Kaiser is a geologist with over 35 years of experience in Western Canada and Internationally, and has drilled hundreds of wells (vertical and horizontal) and has been involved in many oil and gas discoveries in both clastic and carbonate reservoirs. He has worked for companies of varying sizes, from “start-ups” to a large subsidiary of an intermediate- US Independent (Pioneer Natural Resources Canada), and been involved in all aspects of the exploration task from identifying geophysical locations to drilling design and completion strategies. Mr. Kaiser spent almost 15 years exclusively focused on A & D work through various roles as VP Business Development with Pioneer Natural Resources Canada and Quatro Resources. This work led to the implementation of BD Teams at Pioneer utilizing methodology/protocols from Resource Assessments of Under-developed Oil and Gas Fields from Canada, to several areas around the world where Pioneer operates.

After the sale of Pioneer Natural Resources Canada to Taqa Resources, Mr. Kaiser served as Vice President Exploration & Business Development at Quatro Resources which eventually was merged with Mosaic Energy (both owned by Natural Gas Partners of Dallas)., where he was responsible for capital spending within the company (roughly $290M over 2 ½ yrs) including drilling and completion of multiple horizontal wells, construction of a new 50 mmcf/d sour facility (expandable), water injection skid and lastly completion of a complex gas gathering system connecting multiple pad-sites to Mosaic’s new gas plant.

Most recently Mr. Kaiser co-founded Apogee Petroleum Inc (API) in late 2017 with a significant capital commitment from Pearl Energy Investments of Dallas, Texas, growing the company to >2000 boepd; and culminating in the sale of Apogee this December.

Number and type of securities of the issuer owned: 2,700,000 Common Shares and 750,000 stock options

Date securities were acquired and price paid for the securities: 2,700,000 common shares @ $0.01 October 21, 2021

Percentage of the issuer's securities held as of the date of this offering document: 4.77%

(a): has ever, pled guilty to or been found guilty of:

A summary conviction or indictable offence under the Criminal Code (R.S.C., 1985, c. C-46) of Canada:

A quasi-criminal offence in any jurisdiction of Canada or a foreign jurisdiction:

A misdemeanour or felony under the criminal legislation of the United States of America, or any state or territory therein:

An offence under the criminal legislation of any other foreign jurisdiction:

The person's involvement in any securities, insurance, or banking activity

(d) is or has been the subject of a bankruptcy or insolvency proceeding:

(e) is a director or executive officer of an issuer that is or has been subject to a proceeding described in paragraphs (a), (b), (c) or (d) above:

Full legal name: Joanne Dorval-Dronyk

Municipality of residence: Creston, BC

Position at issuer: CFO

Principal occupation for the last five years: VP Finance

Expertise, education, and experience that is relevant to the issuer's business:

Ms. Dorval-Dronyk is a CPA, CGA with over 35 years of experience working for both public and private Canadian resource companies as CFO and most recently as VP Finance for Deltastream Energy Corporation. Much of her experience has been with start-ups (Player Petroleum Corporation, Wrangler West Energy and Deltastream Energy Corporation). Ms. Dorval-Dronyk has extensive experience in budgeting, accounting, treasury, financial reporting and tax. Her role as CFO was also instrumental in the sale process of certain companies (Player Petroleum Corporation and Nu-Sky Energy Corporation).

Number and type of securities of the issuer owned: 1,500,000 Common Shares and 500,000 stock options

Date securities were acquired and price paid for the securities: 1,500,000 common shares @ $0.01 April 13, 2022

Percentage of the issuer's securities held as of the date of this offering document: 2.76%

(a): has ever, pled guilty to or been found guilty of:

A summary conviction or indictable offence under the Criminal Code (R.S.C., 1985, c. C-46) of Canada:

A quasi-criminal offence in any jurisdiction of Canada or a foreign jurisdiction:

A misdemeanour or felony under the criminal legislation of the United States of America, or any state or territory therein:

An offence under the criminal legislation of any other foreign jurisdiction:

The person's involvement in any securities, insurance, or banking activity

(d) is or has been the subject of a bankruptcy or insolvency proceeding:

(e) is a director or executive officer of an issuer that is or has been subject to a proceeding described in paragraphs (a), (b), (c) or (d) above:

Full legal name: Richard Thompson

Municipality of residence: Calgary, Alberta

Position at issuer: Director

Principal occupation for the last five years: Oil and Gas Executive

Expertise, education, and experience that is relevant to the issuer's business:

Mr. Thompson is a graduate in Honors Geophysics from the University of Manitoba. He has over 40 years of energy industry experience in Western Canada, beginning with Petro-Canada and Wascana Energy, and progressing into senior executive roles in several junior entities such as Cequence, Cequel, Cyries and Marquee Energy. Mr. Thompson served as President & CEO of Marquee from 2010-2017. Richard joined the founder of Loyal Energy in 2018 and was instrumental in growing the company to more 5,500 boepd while accumulating no debt. In addition to strong hands-on geophysical analysis and prospecting, Mr. Thompson has extensive Business Development experience in property & corporate A&D, corporate finance and public markets.

Number and type of securities of the issuer owned: 1,500,000 Common Shares and 250,000 stock options

Date securities were acquired and price paid for the securities: 1,500,000 common shares @ $0.01 February 16, 2022

Percentage of the issuer's securities held as of the date of this offering document: 2.42%

(a): has ever, pled guilty to or been found guilty of:

A summary conviction or indictable offence under the Criminal Code (R.S.C., 1985, c. C-46) of Canada:

A quasi-criminal offence in any jurisdiction of Canada or a foreign jurisdiction:

A misdemeanour or felony under the criminal legislation of the United States of America, or any state or territory therein:

An offence under the criminal legislation of any other foreign jurisdiction:

The person's involvement in any securities, insurance, or banking activity

(d) is or has been the subject of a bankruptcy or insolvency proceeding:

(e) is a director or executive officer of an issuer that is or has been subject to a proceeding described in paragraphs (a), (b), (c) or (d) above:

Full legal name: Roger Tang

Municipality of residence: Calgary, Alberta

Position at issuer: Director

Principal occupation for the last five years: Oil Executive

Expertise, education, and experience that is relevant to the issuer's business:

Mr. Tang is the Co-Founder, Director, President, and Chief Executive Officer of Deltastream Energy Corporation, a private-equity backed start-up that began operations in 2014 with $100 million of initial equity capital, where he is responsible for the Company's overall corporate strategy develeopmemt, implementation and execution.

Mr. Tang has over 35 years of experience where he founded four E&P companies including Deltastream. Prior to his entrepreneurial path, he had a successful geoscience career at Texaco Canada and Morrison Petroleum playing a key role in numerous oil and gas discoveries including the Glauconitic A pool in Provost which was named as the top 10 discovery of the decade prior to 1991. In 1990, he was a member of a hand-picked synergy team to advise on the go forward exploration and development strategy for the combined ESSO and Texaco organization.

Mr. Tang graduated from the University of Manitoba with an M.Sc. degree in Geological Sciences in 1985 with a Sigma Xi Designation for Recognition of Research in Science.

Number and type of securities of the issuer owned: 1,500.000 Common Shares and 250,000 stock options

Date securities were acquired and price paid for the securities: 1,500,000 @ $0.01 April 11, 2022

Percentage of the issuer's securities held as of the date of this offering document: 2.42%

(a): has ever, pled guilty to or been found guilty of:

A summary conviction or indictable offence under the Criminal Code (R.S.C., 1985, c. C-46) of Canada:

A quasi-criminal offence in any jurisdiction of Canada or a foreign jurisdiction:

A misdemeanour or felony under the criminal legislation of the United States of America, or any state or territory therein:

An offence under the criminal legislation of any other foreign jurisdiction:

The person's involvement in any securities, insurance, or banking activity

(d) is or has been the subject of a bankruptcy or insolvency proceeding:

(e) is a director or executive officer of an issuer that is or has been subject to a proceeding described in paragraphs (a), (b), (c) or (d) above:

Start-Up Crowdfunding Distribution

Name of the funding portal the issuer is using to conduct its start-up crowdfunding distribution:

Vested Technology Corp. (Vested.ca)

List the name of all the participating jurisdictions (Canadian province or territory) where the issuer intends to raise funds and make this offering document available:

British Columbia, Alberta

The date before which the issuer must have raised the minimum offering amount for the closing of the distribution (no later than 90 days after the date this offering document is made available on the funding portal):

90 days after the date on this offering document.

The date(s) and description of any amendment(s) made to this offering document, if any:

N/A

Type Of Securities Being Issued

Type of securities being offered: Special Warrants

The eligible securities offered provide the following rights:

Voting rights: The Special Warrants do not carry the right to vote. However, each common share issuable upon conversion of the Special Warrants entitles the holder to notice of, and to attend and vote at, each meeting of shareholders on the basis of one vote for each common share held.

Dividends: Holders of Special Warrants are not entitled to receive dividends. Dividends may be paid on common shares from available net income if and when declared by the directors of the Issuer.

Rights on dissolution: Holders of Special Warrants are not entitled to participate in the allocation and distribution of assets upon the dissolution or liquidation of the Issuer. All common shares entitle the holders to participate rateably in the allocation and distribution of assets upon the dissolution or liquidation of the Issuer.

Conversion rights (describe what each security is convertible into): The Special Warrants convert into shares on a 1:1 basis at: (i) the date of conversion as determined by the Company in its discretion; (ii) the date of a receipt for a final prospectus; (iii) the date on which a stock exchange approves a transaction (or series of transactions) undertaken by the Company or its security holders with another entity whereby the holders of Special Warrants receive shares of a reporting issuer listed on a stock exchange; or (iv) four months and one day after the closing. Investors are advised to consult their own legal advisors in this regard.

Tag-along rights: N/A

Drag-along rights: N/A

Pre-emptive rights: N/A

Other:

The Company has agreed to use its best efforts to obtain a receipt for a final prospectus qualifying the distribution of the common shares upon exercise of the Special Warrants on or before the date that is 90 days following closing of the Offering.

Summary of any other material restrictions or conditions that attach to the eligible securities being offered, such as tag-along, drag along or pre-emptive rights:

N/A

Offering Details

	Total Amount ($)	Total number of eligible securities issuable
Minumum offering amount	$5,000	50,000
Maximum offering amount	$1,500,000	15,000,000
Price per eligible security	$0.10

Minimum investment amount per purchaser: $100

Note: The minimum offering amount stated in this offering document may be satisfied with funds that are unconditionally available to Uriel Gas Holdings Corp. that are raised using other prospectus exemptions.

Use of Funds

Information about any funds previously raised by the issuer:

The amount of funds previously raised:

Gross amount raised to date $2,927,000.00

How the issuer raised those funds:

Private Placement

If the funds were raised by issuing securities, the prospectus exemption that the issuer relied on to issue those securities:

NI 45-102 (2.3) and NI 45-102 (2.5)

How the issuer used those funds:

The acquisition of the Richdale Property and for general working capital.

Information about funds that will be raised from this crowdfunding distribution:

Description of intended use of funds listed in order or priority:	Total amount ($)
	Assuming minimum offering amount	Assuming maximum offering amount
General Working Capital	$4,600	$1,380,000
Portal Fees	$400	$120,000
Total	$5,000	$1,500,000

Previous Start-Up Crowdfunding Distributions

Details for each start-up crowdfunding distribution in which the issuer and each promoter, director, officer and control person of the issuer have been involved in any of the participating jurisdictions in the past five years:

The full legal name of the issuer that made the distribution: Dan Custock was involved with crowdfunding distributions by Newscope Capital Corp., Dragon Dynamic Cyber Security Corporation and Intensity Capital Corp.

The name of the funding portal: Vested Technology Corp. (Vested.ca)

Whether the distribution successfully closed, was withdrawn by the issuer or did not close because the minimum offering amount was not reached and the date on which any of these occurred: Newscope Capital Corp. successfully closed on May 30, 2019, Intensity Capital Corp. successfully closed on May 24, 2021, and Dragon Dynamic Cyber Security Corporation successfully closed on March 15, 2019.

Compensation Paid To Funding Portal

The commission, fee and any other amounts expected to be paid by the issuer to the funding portal for this start-up crowdfunding distribution:

1. Compensation:

1.1 In consideration of the Services, Issuer agrees to pay to Vested the following fees:

(a) Portal Fee: Portal fee (the “Portal Fee”) shall be calculated as 5% of the aggregate amount of actual gross proceeds raised in the Offering (“Offering Proceeds”); payable upon each date funds are released to Issuer and automatically deducted from the Subscription Amounts.

(b) Payment Processing Fees: Payment processing fees (the “Processing Fees”) calculated as [2.9% of Offering Proceeds and further $0.30 per each Investor Subscription plus $200 for filing the 45-106F1 report with the BCSC] shall be charged by Vested and/or its third-party payment processor and be automatically deducted from the Subscription Amounts released to the Issuer. The Processing Fees are subject to change without notice.

(c) Compensation Special Warrants: Issuer shall issue to Vested, at Offering Close, 200,000 Compensation Special Warrants (the "Compensation Special Warrants").

(collectively, the "Fees").

Risk Factors

Order of importance, starting with the most important, the main risks of investing in the issuer's business for the purchasers:

Investment in the Special Warrants is highly speculative given the proposed nature of the Issuer’s business and its present stage of development. The following are risk factors associated with the Issuer, but are not intended to be all inclusive:

(a) The Issuer was only recently incorporated, and has no history of earnings and will not generate earnings or pay dividends in the near future.

(b) The issuer is engaged in the exploration for and production of crude oil and natural gas and is subject to significant risks associated with such activities such as, but not limited to, environmental regulation and risks, declines in oil and gas commodity prices, uncertainties associated with estimating reserve volumes, decommissioning abandonment and reclamation costs, and competition for resources and markets.

(c) Investment in Special Warrants is highly speculative given the proposed nature of the Issuer’s business and its present stage of development.

(d) The directors and officers of the Issuer will only devote a portion of their time to the business and affairs of the Issuer and some of them are or will be engaged in other projects or businesses such that conflicts of interest may arise from time to time.

(e) There can be no assurance that the Issuer will be successful in filing a prospectus, in which case the Special Warrants will have no economic value. The Special Warrants are subject to an indefinite hold period and the investor may have no ability to sell its Special Warrants.

(f) If the Special Warrants are converted to common shares, there can be no assurance that an active and liquid market for the Issuer’s common shares will develop and an investor may find it difficult to resell its common shares.

(g) Any transaction may be financed in all or part by the issuance of additional securities by the Issuer and this may result in dilution to the investor, which dilution may be significant and which may also result in a change of control of the Issuer.

As a result of these factors, an investment in the Special Warrants is only suitable for those investors who are willing to rely solely on the management of the Issuer and who can afford to lose their entire investment. Those investors who are not prepared to do so should not invest in the Special Warrants.

Reporting Obligations

Nature and frequency of any disclosure of information the issuer intends to provide to purchasers after the closing of the distribution and explain how purchasers can access this information:

The Issuer does not anticipate providing purchasers with any additional disclosure, except as may be required under applicable laws.

If the issuer is required by corporate legislation, its constating documents (e.g., articles of incorporation or by-laws) or otherwise to provide annual financial statements or an information circular/proxy statements to its security holders, state that fact.

The Issuer is obligated to provide annual financial statements and an information circular to its security holders.

If the issuer is aware, after making reasonable inquiries, of any existing voting trust agreement among certain shareholders of the issuer, provide the information:

The number of shareholders party to the agreement: N/A

The percentage of voting shares of the issuer subject to the agreement: N/A

The name of the person acting as a trustee: N/A

Whether the trustee has been granted any additional powers: N/A

Whether the agreement is limited to a specified period of time: N/A

Resale Restrictions

The securities you are purchasing are subject to a resale restriction. You might never be able to resell the securities.

Purchaser's Rights

Rights of Action in the Event of a Misrepresentation

If there is a misrepresentation in this offering document, you have a right:

a) to cancel your agreement with Uriel Gas Holdings Corp. to buy these securities, or

b) to damages against Uriel Gas Holdings Corp. and may, in certain jurisdictions, have the statutory right to damages from other persons.

These rights are available to you whether or not you relied on the misrepresentation. However, there are various circumstances that limit your rights. In particular, your rights might be limited if you knew of the misrepresentation when you purchased the securities.

If you intend to rely on the rights described in paragraph (a) or (b) above, you must do so within strict time limitations.

Two day cancellation right:

You may cancel your agreement to purchase these securities. To do so, you must send a notice to the funding portal not later than midnight on the second business day after you enter into the agreement. If there is an amendment to this offering document, you can cancel your agreement to purchase these securities by sending a notice tothe funding portal not later than midnight on the second business day after the funding portal provides you notice of the amendment.

All Team Members & Relevant Parties

Daniel Custock

Position at Issuer: Corporate Secretary
Municipality of Residence: Vancouver, BC
Email Address: danielcustock@gmail.com
Principal Occupation for the Last Five Years: Businessman
About:

Mr. Custock is the current Corporate Secretary, and former President and Director of Uriel Gas Holdings Corp.

He was a founder and CEO of Dragon Dynamic Cyber Security Corporation (now CanX CBD Processing Corp), and a founder and CEO of Newscope Capital Corporation (now PharmaTher Holdings Ltd. CSE: PHRM.CN).  Mr. Custock has over 33 years of experience as a businessman in land and property acquisitions, divestiture and financing.  In addition, he was a petroleum landman for over 25 years and later a realtor.  He currently serves as the Director and CEO of Intensity Capital Corporation.  Additionally, Mr Custock is a dealing representative based out of the Vancouver, BC office of EMD Financial. Mr. Custock attended the Sauder School of Business at the University of British Columbia.

Greg Kaiser

Position at Issuer: Director and CEO
Municipality of Residence: Calgary, Alberta
Email Address: N/A
Principal Occupation for the Last Five Years: Oil and Gas Executive
About:
Mr. Kaiser is a geologist with over 35 years of experience in Western Canada and Internationally, and has drilled hundreds of wells (vertical and horizontal) and has been involved in many oil and gas discoveries in both clastic and carbonate reservoirs. He has worked for companies of varying sizes, from “start-ups” to a large subsidiary of an intermediate- US Independent (Pioneer Natural Resources Canada), and been involved in all aspects of the exploration task from identifying geophysical locations to drilling design and completion strategies. Mr. Kaiser spent almost 15 years exclusively focused on A & D work through various roles as VP Business Development with Pioneer Natural Resources Canada and Quatro Resources. This work led to the implementation of BD Teams at Pioneer utilizing methodology/protocols from Resource Assessments of Under-developed Oil and Gas Fields from Canada, to several areas around the world where Pioneer operates.

After the sale of Pioneer Natural Resources Canada to Taqa Resources, Mr. Kaiser served as Vice President Exploration & Business Development at Quatro Resources which eventually was merged with Mosaic Energy (both owned by Natural Gas Partners of Dallas)., where he was responsible for capital spending within the company (roughly $290M over 2 ½ yrs) including drilling and completion of multiple horizontal wells, construction of a new 50 mmcf/d sour facility (expandable), water injection skid and lastly completion of a complex gas gathering system connecting multiple pad-sites to Mosaic’s new gas plant.

Most recently Mr. Kaiser co-founded Apogee Petroleum Inc (API) in late 2017 with a significant capital commitment from Pearl Energy Investments of Dallas, Texas, growing the company to >2000 boepd; and culminating in the sale of Apogee this December.

Joanne Dorval-Dronyk

Position at Issuer: CFO
Municipality of Residence: Creston, BC
Email Address: N/A
Principal Occupation for the Last Five Years: VP Finance
About:
Ms. Dorval-Dronyk is a CPA, CGA with over 35 years of experience working for both public and private Canadian resource companies as CFO and most recently as VP Finance for Deltastream Energy Corporation. Much of her experience has been with start-ups (Player Petroleum Corporation, Wrangler West Energy and Deltastream Energy Corporation). Ms. Dorval-Dronyk has extensive experience in budgeting, accounting, treasury, financial reporting and tax. Her role as CFO was also instrumental in the sale process of certain companies (Player Petroleum Corporation and Nu-Sky Energy Corporation).

Richard Thompson

Position at Issuer: Director
Municipality of Residence: Calgary, Alberta
Email Address: N/A
Principal Occupation for the Last Five Years: Oil and Gas Executive
About:
Mr. Thompson is a graduate in Honors Geophysics from the University of Manitoba. He has over 40 years of energy industry experience in Western Canada, beginning with Petro-Canada and Wascana Energy, and progressing into senior executive roles in several junior entities such as Cequence, Cequel, Cyries and Marquee Energy. Mr. Thompson served as President & CEO of Marquee from 2010-2017. Richard joined the founder of Loyal Energy in 2018 and was instrumental in growing the company to more 5,500 boepd while accumulating no debt. In addition to strong hands-on geophysical analysis and prospecting, Mr. Thompson has extensive Business Development experience in property & corporate A&D, corporate finance and public markets.

Roger Tang

Position at Issuer: Director
Municipality of Residence: Calgary, Alberta
Email Address: N/A
Principal Occupation for the Last Five Years: Oil Executive
About:
Mr. Tang is the Co-Founder, Director, President, and Chief Executive Officer of Deltastream Energy Corporation, a private-equity backed start-up that began operations in 2014 with $100 million of initial equity capital, where he is responsible for the Company's overall corporate strategy develeopmemt, implementation and execution.

Mr. Tang has over 35 years of experience where he founded four E&P companies including Deltastream. Prior to his entrepreneurial path, he had a successful geoscience career at Texaco Canada and Morrison Petroleum playing a key role in numerous oil and gas discoveries including the Glauconitic A pool in Provost which was named as the top 10 discovery of the decade prior to 1991. In 1990, he was a member of a hand-picked synergy team to advise on the go forward exploration and development strategy for the combined ESSO and Texaco organization.

Mr. Tang graduated from the University of Manitoba with an M.Sc. degree in Geological Sciences in 1985 with a Sigma Xi Designation for Recognition of Research in Science.

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