Groundsar Resources Ltd

International exploration and production of Oil & Gas.

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AGORACOM NEWS FLASH

BREAKING: Esports Entertainment Group Signs Definitive Agreement to Acquire Online Sportsbook and Casino Operator Argyll Entertainment

  • Signed a definitive agreement to acquire holding company of online sportsbook and casino operator Argyll Entertainment AG and its operating subsidiaries
  • Closing of the acquisition is expected to occur on or before July 31, 2020
  • “As a fast growing and innovative online gaming company licensed in the UK and Ireland, Argyll offers Esports Entertainment Group access to exclusive and proprietary sports and gaming content, including the flagship SportNation.bet brand and an award-winning rewards program, which was a major driver of Argyll’s $12 million in revenue in 2019,”

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Hub On AGORACOM / Read Release

Groundstar Resources Ltd. Management

Managemenrt

& Directors

KAM A. FARD, P.Eng.
President,Director

Mr. Fard has 30 years experience in the oil and gas industry, specializing in reservoir engineering. He worked for 12 years for Mobil Oil Libya/ Veba Oil Operations as Reservoir Engineering Supervisor, Chief Production and Reservoir Engineer and Acting Engineering Manager. He has worked for Chevron, Sun Oil and Home Oil on production and acquisition of oil and gas properties. Since 1994, Mr. Fard has provided engineering consultancy in Canada and Libya. He has been V.P. Production and a founding member of Dundee Petroleum Corp., Durness Resources Inc., and Bowood Energy Corp.

GARY BUSTIN
Chief Financial Officer

Mr. Bustin has 26 years of Canadian and international oil and gas experience. He graduate as a Chartered Accountant in Toronto 1972 and moved to Calgary in 1977. He was a founder of Northcor Resources Limited and held the position of Chief Financial Officer. He subsequently took the position of Director of Business Services for Calgary Overseas Ltd. working out of Cyprus on projects in Siberia. Gary has consulted globally in countries including Oman, Dubai, Equatorial Guinea, Mexico, Panama. Gary brings extensive international, financial and operational experience to Groundstar.

KENNETH CHOBOTUK, P.Geoph.
Vice President Exploration

Mr. Chobotuk is an Explorationist with 35 years experience in oil and gas in Canada and internationally, including the USA, Sweden, Libya, Nigeria and the United Arab Emirates. Since retiring from his highly successful career in 1998, he has worked on projects in Libya and the United Arab Emirates. Mr. Chobotuk spent a total of 18 years in Libya as an Exploration geophysicist and Exploration Superintendent. His experience will greatly assist Groundstar in identifying international opportunities.

FRANK CRAWFORD, P.Geol.
Chief Geologist

Mr. Crawford is an Explorationist with 25 years experience in Canadian and international projects. His specialization is in structural geology and stratigraphy. He has established a solid track record in finding oil and gas. Frank has recognized expertise in Devonian carbonates and has spent over six years in Canadian frontier exploration. Mr. Crawford has completed major exploration projects in Guyana, Libya, Venezuela, West Africa and Southeast Asia with Petro Canada, Home Oil Company, Alconsult International, PDVSA and Veba Oil.

Samir Zidan,
Deputy General Manager, Cairo Office

Mr. Zidan is a exploration geophysicist with 40 years of experience in seismic acquisition, processing and interpretation. From 1973 to 1980, Samir worked first as a geophysicist and later as Chief Geopysicist of Sonatrach in Algeria. Samir was Chief Geophysicist with ADNOC in Abu Dhabi from 1981 to 1996. For the past 10 years, Mr. Zidan has been working as an independent consultant with Sinopex and Aminex-Egypt in Cairo.

KLAUS WEBER, MBA,
General Manager, Egypt

Mr. Weber has 28 years experience with Veba Oil / Petro Canada in international oil and gas accounting and joint venture audit. He has worked as finance manager in Algeria, as planning manager in Texas, as branch manager in Libya, and as audit manager in Germany. His experience will help Groundstar resources in identifying international opportunities and to meet international planning, budgeting and reporting requirements.

DARRYL J. RAYMAKER, Q.C,
Director: Since August 2005

Mr. Raymaker, who is a native of Crowsnest Pass, Alberta, received his Bachelor of Arts and Bachelor of Laws Degrees from the University of Alberta. Upon his Admission to the Alberta Bar in 1964, he entered the private practice of law and has continuously been so engaged in many areas of the law with specific emphasis on litigation and negotiations. He is presently Counsel to the law firm of McNally Cuming Raymaker in the City of Calgary.

Mr. Raymaker has also served as a Member of the Board of the Rockyview and Holy Cross Hospitals as well as City of Calgary Planning Commission. He has also served as a Member and Chairman of the Calgary Police Commission. Mr. Raymaker was Director of First Calgary Petroleums Ltd. and the Canada Deposit Insurance Corporation.

STUART B. McDOWALL, P.Eng
Director: Since June 2005

Mr. McDowall is an engineering graduate. He worked with the Government of Canada for 28 years, during which time he served with the Canadian Trade Commissioner posted in Athens, Bogotá, Stockholm, Havana, Johannesburg, New York City and Beirut.

He also served as Director of Agrifood Fisheries, Resources Division of the Department of Foreign Affairs and International Trade. In 1996, Mr. McDowall was named Canadian Ambassador to the United Arab Emirates, a position the he held until 1999.

In the private sector, Mr. McDowall has been Director General of Public Relations with Tailsman Energy, specializing in African Community Programs. He also served as Chief Executive Officer of Blue Mountain Resources Limited and Fosters Resources Limited, Oil and Gas Companies involved in exploration and development opportunities in Africa, Latin America, the Far East and the Middle East.

JOHN VAN DER WALLE
Director: Since July 2008

Mr. van der Welle has been actively involved in the oil industry for twenty-five year. In 1984 he joined Enterprise Oil plc, the largest independent exploration and development company in the U.K., where he rose to the position of Group Treasurer. Mr. van der Welle later served as Finance Director of Hardy Oil and Gas plc and Premier Oil plc. In addition, he has served as Chief Financial Officer and Director of First Calgary Petroleums Limited and as Head of Oil and Gas in the Sector Corporate Finance Group for the Royal Bank of Scotland. Most recently, he has joined Stratic Energy Corporation as Chief Financial Officer and Director.

Throughout his career Mr. van der Welle has had extensive experience in many corporate areas of business including business development and planning, investor relations, corporate governance, rebuilding management teams, and banking and finance. He has been involved in major business transactions including mergers, acquisitions, and major financings and restructurings of large public companies.

Mr. van der Welle graduated in Engineering from Southampton University and is a qualified Chartered Accountant. He is also a member of the Chartered Institute of Taxation and the Association of Corporate Treasurers.

KENNETH D. TAYLOR
Director: Since July 2008

Mr. Taylor was born and raised in Calgary, Alberta, and graduated from Victoria College at the University of Toronto (B.A) and the University of California Berkeley (M.B.A.).

Mr. Taylor had a distinguished career in the Canadian Foreign Service from 1959 to 1984 during which time he served in diplomatic posts at Guatemala, Detroit, Karachi, and the U.K. He also served as Director General, Foreign Trade Service in Ottawa, Ambassador to Iran and Consul General at the Canadian Consulate General in New York.

Upon his retirement from the Canadian Foreign Service, Mr. Taylor entered the private sector, becoming a Senior Vice President with Nabisco Brands Inc. and RJR Nabisco, Inc. in New York. Since 1991 he has been Chairman of the consulting firm of Taylor and Ryan in New York.

Mr. Taylor has extensive business experience at the board of directors level having served on the boards of Rockwater Capital, Hydro One, Security Biometrics, Devine Entertainment Corp., and Jaffra Cosmetics International. He presently serves on the advisory board of J. and H. Marsh and McLennan, and the board of SkyLink Aviation Ltd.

His civilian honors include the United States Congressional Gold Medal and is an Officer of the Order of Canada. He has received many awards including the State of California Medal of Merit, the Harry S. Truman Good Neighbor Award, 1980 Man of the Year International Press Club of New York, the Haas International Award, University of California, Berkeley, and many others.

He holds Honorary Doctorate degrees from Laurentian University, Dominican College of Blauvelt, State University of New York, St. Francis Xavier University, St. Lawrence University, and Victoria University at the University of Toronto.

He has served as a Trustee, and on the Boards of International House, National Multiple Sclerosis Society of New York, the Daniel and Florence Guggenheim Foundation, and the Center for the Study of the Presidency of New York. He has been a Board Councilor with the Carter Presidential Center in Atlanta.

Last changed at 29-Jan-2009 11:35AM