Point Loma Resources (CVE:PLX)

Point Loma Resources (CVE:PLX)

Share Price
$ 0.14
0 (0.00 %)
Market Cap
$10.52 m
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Point Loma Resources

Point Loma Resources is new publicly traded Oil and Gas company that has captured a large position on the Mannville oil and liquids rich gas trend in west central Alberta. As a new company we have no bank debt, a solid balance sheet and an experienced team focussed on creating shareholder value. Point Loma has increased production from 135 boe/d in July 2016 to 900 boe/d in February 2017...

Market: TSX-V:PLX
52-week High/Low: C$0.37 / C$0.13
Sector: Oil & Gas
Market Cap: $10.52 m
Website: www.pointloma.ca
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Big Picture – A Deep Dive Examination of Point Loma Resources

Point Loma Resources Snapshot

  • Point Loma has captured a significant position on the highly prospective multi-zone Mannville and Mississippian fairway of West Central Alberta.
  • Modest drill depth and technological advancements leads to strong economics with low costs per well
  • Over 160,000 net acres with significant shallow to medium depth horizontal drilling inventory (> 250 net drilling opportunities)
  • Joint Venture and new equity unlocks immediate growth
  • Build value for successful exit strategy and shareholder return




Paddle River Lower Mannville

  • Currently optimizing well production
  • 300 Boe/d
  • Cum oil 500 mstb
  • Cum gas 2.7 Bcf
  • 9 Drill-ready (6.6 net) Locations
  • Waterflood potential
  • Future cost reductions with central facilities


West Cove Nordegg

  • Large New Nordegg Discovery
  • Discovery well 5-31 placed on stream in December 2016
  • 10 (9.6 Net) Nordegg Horizontal Development locations
  • Significant OOIP


Leaman Nordegg

  • Not included in current forecasts
  • 120 boe/d behind pipe production
  • Produced to date > 40Bcf
  • Over 30 Bcf remaining in undrained compartments


Terry Meek, P.Eng – President and Chief Executive Officer
Mr. Meek is currently the President and Chief Executive Officer of Point Loma and has held this role since February 2013.  Mr. Meek has 31 years of experience in the conventional and unconventional oil and gas industries. Prior to founding Point Loma, Mr. Meek was President of Woma Energy Ltd. from 2011 to 2014.  He was previously a founder, Executive Vice President and Chief Operating Officer of the coal bed methane player Ember Resources Inc., a role which he held from 2005 to 2011. Mr. Meek was also a founder, Engineering Vice President and Chief Operating Officer of Thunder from 1995 to 2005, during which time Thunder’s market capital grew to over $600 million.  Mr. Meek has also served as a director and Chief Executive Officer for Carnaby Energy Ltd. between 2011 to 2014 and 2012 to 2014, respectively. Mr. Meek has worked in British Columbia and Alberta with Encal Energy Ltd., AJM Petroleum Consultants, and Gulf Canada. Mr. Meek is a Professional Engineer and a member of the Association of Professional Engineers and Geoscientists of Alberta.

Kevin Angus, P.Geoph, ICD.D – Executive Vice President, Business Development
Mr. Angus is currently the Executive Vice President of Point Loma since September 2014, and a director of Painted Pony Petroleum Ltd., a role he has held since 2007.  Mr. Angus has 33 years of experience in the geology and geophysics industries.  Prior to joining Point Loma, he acted as Vice President, Exploration at Mustang Resources Inc. and at Pegasus Oil & Gas Inc. from 2006 to 2009, and was the Vice President, Exploration at Surge from 2010 to 2012, during which period Surge grew from 2,000 to 10,000 boepd.  Since 2012, Mr. Angus was President of KD Angus Corp.  Mr. Angus has also held positions with Husky Energy Inc., Ulster Petroleum Ltd. and Archean Energy Ltd. Mr. Angus is a Professional Geophysicist and member of the Association of Professional Engineers and Geoscientists of Alberta as well as a member of the Institute of Corporate Directors and holds an ICD.D designation.

Randall Boyd, CGA
Randy is a professional accountant (CPA, CGA) with over 30 years of senior management experience in various public and private oil and natural gas exploration and development companies. Most recently, Randy was the CFO of Deventa Energy Inc., a private oil and gas company that was primarily focused on the Montney play of Alberta.. Previously, Randy served as CFO for Masters Energy Inc. from 2004 to 2009 and Vice President of Investor Relations of Chieftain International Inc. from 1999 to 2001. Between periods of permanent employment, he has worked as a contract CFO for various private and public oil and gas companies.

Dan Boyko, P.Eng – Vice President, Engineering
Mr. Boyko is currently the Vice President, Engineering of Point Loma since September 2014.  He has 33 years of experience in the petroleum industry.  Mr. Boyko previously served as the Vice President of Business Development between 2006 to 2009 at Open Range Energy Corp. and has acted as a Petroleum Engineering Consultant for various companies including NAL Resources, Devon Energy Canada, Lone Pine Resources and Pioneer Natural Resources. Mr. Boyko has also served as Team Lead and Senior Engineer with Poco Petroleums Ltd. focusing on West Central Alberta oil and gas assets. Mr. Boyko graduated from the University of Tulsa with a Bachelor of Science degree in Petroleum Engineering. He is a Professional Engineer and a member of the Association of Professional Engineers and Geoscientists of Alberta.

Brad Johnston, B.Comm – Vice President, Land
Mr. Johnston is currently the Vice President, Land at Point Loma. He has 16 years of experience in the oil and gas industry, both internationally and in Western Canada, with a focus on negotiating transactions for joint ventures, acquisitions, and divestitures. Mr. Johnston has previously held positions with Cabre Exploration Ltd., Nexen Inc. and Galleon Energy Inc. Prior to joining Point Loma Mr. Johnston most recently held the title of Vice President, Land with Carnaby Energy Ltd. Mr. Johnston holds a Bachelor of Commerce degree from the University of Calgary with a major in Petroleum Land Management and is a member of the Canadian Association of Petroleum Landmen.

Gord Cameron – Corporate Secretary
Mr. Cameron is a partner at McCarthy Tétrault LLP. He has been a practicing corporate lawyer for over 8 years and specializes in the areas of corporate finance, capital markets, corporate governance and mergers and acquisitions.

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Phone: 403.705.5051
Facsimile: 403.517.7545
Address: 2000, 350 7 Avenue SW
Calgary, AB, T2P 3N9

Business Hours:
Monday: 08:00 AM – 04:30 PM
Tuesday: 08:00 AM – 04:30 PM
Wednesday: 08:00 AM – 04:30 PM
Thursday: 08:00 AM – 04:30 PM
Friday: 08:00 AM – 04:30 PM
Saturday: Closed
Sunday: Closed


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