Board of Directors
Dr. Tim Marchant holds a Ph.D in Geology and has more than 35 years of senior executive experience in the oil and gas industry in Canada and internationally, with extensive experience in international operations and foreign growth strategies. In a career that spanned 29 years with Amoco and BP, he held senior executive positions in Canada and a number of countries in the Middle East including Egypt, Saudi Arabia, Abu Dhabi and Kuwait. Dr. Marchant is currently Adjunct Professor of Strategy and Energy Geopolitics at the Haskayne School of Business, University of Calgary. He also serves as a non-executive director of Vermilion Energy Inc. and Cub Energy Inc.
Sean Guest, B.Sc., Ph.D.
Dr. Guest (Ph.D., Geology) has been working internationally in the oil and gas industry for more than 25 years. Prior to joining Valeura, he was the CEO of two private junior companies. Bukit Energy is a Calgary-based startup focused on Indonesia, and Pexco Energy holds production and exploration assets in Australia-Asia region and East Africa. During his tenure, Pexco was producing ~10,000 boepd from its assets in Indonesia and Australia. While running Pexco, he resided in Jakarta, Indonesia and oversaw the company's first operated development of an oil field in Sumatra. The company also expanded their gas production in Australia with the development of a new offshore gas field and upgrades and debottlenecking of the associated onshore gas plant. Prior to his CEO roles, he also worked for Woodside in Australia and Libya, and for Shell in the Netherlands, Australia and Malaysia. He started his career with Schlumberger working in Egypt.
Education: B.Sc. Geological Engineering, Queen's University, 1985; Ph.D. Geological Sciences, 1993.
Russell Hiscock joined the Valeura board in January 2018 and is the President and Chief Executive Officer of the CN Investment Division (Montreal), which manages one of the largest corporate pension funds in Canada. He has many years of equity portfolio management experience in both the Canadian and international stock markets, with particular emphasis on the oil and gas sector. He is a past Chairman of the Pension Investment Association of Canada (PIAC). Mr. Hiscock holds a Bachelor of Mathematics degree, a Master of Arts degree in Economics and an MBA. He is a Certified Chartered Financial Analyst and a Certified Management Accountant.
Jim McFarland, P. Eng.
Jim McFarland is a professional engineer with more than 45 years of broad experience in the oil and gas industry in Canada and internationally in both large integrated oil and gas companies and smaller listed E&P companies. Most recently, he co-founded and was the past President & CEO of Valeura Energy Inc. until his retirement on December 31, 2017, and prior to that, co-founded and was President & CEO of Verenex Energy Inc., which was active in Libya. He has served in other senior executive roles as Managing Director of Southern Pacific Petroleum NL in Australia and President & COO of Husky Oil Limited, and held a number of Vice Presidential roles in his earlier 23-year career with Imperial Oil Limited and other ExxonMobil affiliates in Canada, the USA and Western Europe. He is currently a director of MEG Energy Corp. and Pengrowth Energy Corporation, serves on the Program Committee of the World Petroleum Council and is a past director of Verenex Energy Inc., Vermilion Energy Trust, Aventura Energy Inc., Southern Pacific Petroleum NL and Central Pacific Minerals NL. In 2003 he was awarded the Australian Centenary Medal for "outstanding service through business and commerce".
Ron Royal, P. Eng.
Ron Royal is a professional engineer with more than 36 years of experience with Imperial Oil Limited and ExxonMobil’s international upstream affiliates. Prior to retiring in 2007, he was President & General Manager of Esso Chad and resided in N’Djamena, Chad from 2002 to 2007. During this period, he oversaw the development of the Chad Development Project, one of the oil industry’s largest investments in Sub-Sahara Africa. Previously, he was General Manager & Production Manager of Esso REP in France. He currently serves as a Director of Gran Tierra Energy Inc. In the past, he has served on the Board of Directors of Oando Energy Resources Inc., Caracal Energy Inc., Esso REP, Esso Chad, Tchad Oil Transportation Company, and Cameroon Oil Transportation Company. In 2003, he was awarded the title “Chevalier de l’Ordre National du Chad” for his contribution to the economic development of Chad.
Stephanie Stimpson, Partner, Torys LLP
Stephanie Stimpson is a partner at the law firm of Torys LLP in Calgary, Alberta, with more than 20 years of experience practicing law in the US and Canada. Stephanie has a diverse corporate practice working with clients on corporate, securities, project development, and finance matters. She works primarily with domestic and international oil and gas companies. Stephanie has been named as a leading lawyer in the International Who's Who of Business Lawyers.
Prior to practicing law in Canada, Stephanie clerked for Judge Stephen Trott at the Ninth Circuit Court of Appeals, and practiced environmental and natural resource law in Denver, Colorado.
Education: B. Sc. Business Administration /International Management (cum laude), Georgetown University, 1991; Juris Doctor (cum laude), University of Montana, 1995