People | Name Change

Altura Rebrands as Tenaz Energy; Unveils New Management, Board

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   |    Friday,October 15,2021

Altura Energy Inc. has entered into a definitive reorganization and investment agreement which will include the formation of a new board and management team.

Upon completion of the reorganization, the company will be renamed as Tenaz Energy Corp.

New Management Team

Anthony Marino, President & CEO

• Mr. Marino has been CEO for several Canadian E&P companies executing growth-and-income capital markets models. He led Vermilion Energy as President and CEO, which produced over 100 mboe/d in ten countries across North America, Europe, and Australia. Prior to Vermilion, Mr. Marino was President and CEO of Baytex and Dominion Exploration Canada Ltd. Mr. Marino holds a Bachelor of Science degree in Petroleum Engineering (University of Kansas), an MBA (California State University) and a CFA designation.

Michael Kaluza, COO

• Mr. Kaluza has held senior leadership positions with intermediate and junior E&Ps, focusing on free cash flow generation from existing assets while achieving material cost reductions and capital-efficient production growth on acquired assets. His roles have included COO of Vermilion, VP Corporate Development of Baytex and COO of Delphi Energy. Mr. Kaluza holds a Bachelor of Science degree in Petroleum Engineering (Montana Tech University).

Bradley Bennett, CFO

• Mr. Bennett has significant public company experience managing global treasury, risk management, insurance, assurance, and financial reporting. He has successfully established regional offices for new country entries, raised funds in US High Yield markets and managed a $2.1 billion syndicated credit facility. Most recently Mr. Bennett was Treasurer of Vermilion. He is a Chartered Accountant (Alberta) and holds a Bachelor of Commerce degree in Accounting & Finance (University of Northern British Columbia).

Jonathan Balkwill, VP of Business Development

• Mr. Balkwill brings a combination of global technical and commercial experience in asset development and acquisitions. He has led multidisciplinary asset teams in Canada and Australia and successfully transacted on over $2.5 billion of acquisitions globally. Most recently, Mr. Balkwill was with Vermilion as an Asset Team Lead and Senior Business Development Engineer. Mr. Balkwill holds a Bachelor of Applied Science in Petroleum Engineering (University of Regina) and a CFA designation.

David Burghardt, SVP Canadian Business Unit

• Mr. Burghardt is the current President and CEO of Altura. Prior to forming Altura, he worked in Europe for eight years with Vermilion, most recently as the Managing Director of the French Business Unit. Mr. Burghardt’s prior experience includes being Founder, President and CEO of Kerogen Petroleum, Managing Director – International Engineering at Equatorial Energy, Founder and VP Engineering for Bison Resources. He holds a Bachelor of Science in Chemical Engineering (University of Saskatchewan).

Travis Stephenson, VP Engineering

• Mr. Stephenson is the current VP Engineering at Altura. Prior to joining Altura, Mr. Stephenson was the VP Engineering, International at Chinook Energy Inc. (originally named Storm Ventures International) and Country Manager for the company’s Tunisian assets. Mr. Stephenson holds a Bachelor of Science in Mechanical Engineering (University of Saskatchewan).

Board of Directors

Marty Proctor, Chairman

• Mr. Proctor is the Vice-Chair of ARC Resources and Director of GreenFirst Forest Products. Prior to its merger with ARC Resources, Mr. Proctor was the CEO of Seven Generations Energy and is a former COO of Baytex Energy. Mr. Proctor holds a Bachelor of Science and Master of Science in Petroleum Engineering (University of Alberta) and completed the Director’s Education Program (Haskayne School of Business).

Anna Alderson

• Ms. Alderson is a former Audit Partner at KPMG specializing in energy and financial services. She is the Director and Chair of the Audit and Investment Committee of the YMCA of Calgary and a member of the Audit committee for both the Calgary Stampede and Calgary Foundation. Ms. Alderson is a Chartered Accountant (Alberta) and holds a Bachelor of Commerce degree in Accounting (University of Saskatchewan).

John Chambers

• Mr. Chambers is a Director of Altura and Sun Gold Resources, Chairman of Westside Capital and sits on the advisory board of BlueX Energy. Previously, Mr. Chambers was a Vice Chairman and President of GMP FirstEnergy and prior to that the CEO of FirstEnergy Capital Corp. Mr. Chambers holds an MBA in International Finance (McGill University) and a Bachelor of Science in Geophysics (University of British Columbia).

Mark Rollins

• Mr. Rollins is currently the non-executive Chairman of Advance Energy Inc, non-executive Chairman of Roquefort Investments plc, and a Director at Alpina. He is the former CEO and Chairman of Ukranafta, SVP of BG Group, CEO and Director of Avante Petroleum and Managing Director of NUON. Mr. Rollins holds a Doctor of Philosophy degree in Engineering Science (University of Oxford) and Master of Arts degree in Mathematics (University of Cambridge).