we have hillcrest with a funding partner.. they on current terms are happy to back the experience of the chairman, Michael Krzus and Don Currie to the tune of $50,000,000
Micheal has a very good CV... obviously credentialed enough to get a nice $50 mill backing Michael Krzus
Executive Chairman, Technical Director
Mr. Michael Krzus brings 35 years of oil and gas industry experience, including senior executive management positions and directorships, which includes managing technical and business aspects of conventional and unconventional oil and gas assets, both onshore and offshore, and integrated liquified natural gas (LNG) projects in Australia, the United States, the Netherlands and Canada, including roles as CEO and Director of operating oil and gas companies.
Mr. Krzus was a director and the founding CEO of Emerald Oil Inc., a New York Stock Exchange listed; operating oil company focused on the Williston Basin, Bakken shale oil play in the USA and was CEO and Managing Director of Emerald Oil and Gas NL, an oil and gas company listed on the Australian Stock Exchange. Prior to this, Mr. Krzus held various managerial and executive positions during 22-year career with Woodside Petroleum Ltd. and Shell in Australia and the Netherlands, which he joined 3 years after he began working as a petroleum engineer with Home Oil Ltd in Canada.
Mr. Krzus holds a Diploma in Oil and Gas Technology from the British Columbia Institute of Technology and a BSc. in Petroleum Engineering from Tulsa University.
Don Currie
CEO and Director
Mr. Donald Currie has been the Chairman and CEO of the Company since February 10, 2010, and a director since July 10, 2010.
Mr. Currie has over 25 years of experience in the oil and gas industry with a focus primarily in the southern United States. From 1994 to late 2014, Mr. Currie held various positions with Enhanced Oil Resources Inc., an oil and gas exploration and production company, including director, officer and VP corporate communications. Mr. Currie has also held various roles in other public ventures involved in the mining industry in South America.
so, looking at what each other gives to each other,,, DEAL FLOW
I doubt the likes of Michael and Don just dont take on anyone in alliances.. when you have a serious funder you need a serious potential partner.. So imho Xstate has to have something to offer in terms of projects that are equivalent to the $10 mill projects they are targeting.. you dont get to do an alliance of this quality unless your also delivering quality
Hillcrest openly talk about a current 225bopd deal already that they are seriously moving ahead.. and imho he means with Xstate in mind.. so we can assume that there is already some planning going on when you listen to dons comments..
there is a real nice feel about some potential deals to be made imho if you look at the credentials on the table right now... $50 mill funder in the background for Hillcrest whom have massive confidence with the board there,, and Xstate being spoken of very highly and being in the mix with them potentially ...
i really like this alliance far more than any of the previous ones
XST Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
(20min delay)