Thursday 17 Oct, 2019
Board & Management

Marc Bruner - Chairman

Marc Bruner is a leader in the development of unconventional oil and gas projects worldwide. His track record of identifying large unconventional projects includes the Mako Through (40 TCF) in Hungary, the Karoo Basin (30 TCF) in South Africa, the Uinta Basin (6.2 TCF) in Utah and the Pinedale Anticline (23.5 TCF) in the Green River Basin, Wyoming and the Pennaco Energy project (2 TCF) in the Powder River Basin, all located in North America, and the Beetaloo Basin (estimated recoverable potential reserves of 64 TCF and 17 billion barrels of oil) located in the Northern Territory, 600 km south of Darwin, Australia.


With more than 30 years experience in the industry, Marc Bruner has worked with world renowned geologists, Ben Law and Tom Albrandt to identify unconventional oil and gas opportunities in the United States of America and internationally. Marc Bruner's major successes have included the development of the Pinedale Anticline in the Green River Basin of western Wyoming, now recognised as the fourth largest unconventional natural gas field in the United States, and the exploration and development of successful coal bed methane properties in the Powder River Basin.


Marc Bruner has founded a number of successful international oil and gas companies including Ultra Petroleum Corporation in 1996, a US$7 billion NYSE company focused on the development of the Pinedale Anticline unconventional oil and gas project, Pennaco Energy in 1997, focused on the exploration and development of unconventional oil and gas leases of coal bed methane properties located in the Powder River Basin, subsequently sold to Marathon Oil for US$500 million, and Falcon Oil and Gas in 2005, a Toronto Stock Exchange listed company which acquires, explores and develops large acreage positions of unconventional oil and gas resources.


With these companies Marc Bruner has negotiated major commercial transactions with global oil and gas companies, Halliburton, Marathon Oil, Exxon Mobil and Hess Corporation.


Most recently, Marc Bruner founded Paltar Petroleum to develop an extensive unconventional oil and gas play in Australia's Beetaloo Basin, potentially one of the world's largest untapped shale deposits.


Ben Law – Chief Geologist

Mr Law’s 35 years of research on unconventional gas systems has led to US and international recognition as an expert in basin-centred gas (Tight Gas) and coalbed methane systems. He is renowned for recognising and documenting the occurrence of numerous basin-centred gas systems worldwide, including the Powder River Basin of Wyoming, Greater Green River Basin of Wyoming, Colorado, and Utah, Colombia River Basin in Washington, Timan-Pechora Basin in Russia, Dnieper-Donets Basin in Ukraine, Taranaki Basin in New Zealand and the Beetaloo Basin in Australia.

From 2004-2011 Mr Law worked with Falcon Oil and Gas Ltd where he was responsible for the global search for unconventional hydrocarbon accumulations. During his tenure with Falcon he was instrumental in the identification and acquisition of conventional and unconventional oil and gas properties in Hungary, Romania, Australia, and South Africa.

Mr Law has published more than 195 papers, books and abstracts on petroleum and coal geology and was Founder and Co-Chairman of the American Association of Petroleum Geologists and Co-Chairman from 1997 – 2003. He has received numerous industry accolades including Rocky Mountain Association of Geologists Outstanding Scientist Award, 1997, Robert H.Dott, Sr. Memorial Award for best AAPG Special Publication 2000, honorary editor for the Chinese Oil and Gas Journal from 2004 until present, and in 2010, was an invited speaker at the 376th Xiangshan Science Conference in Beijing, China.


Carmen J (Tony) Lotito – Executive Vice President

Mr. Lotito served during the period 2007 - 2010 as the Executive Vice President - Business Development of Falcon Oil and Gas Ltd, the TSX Venture Exchange-listed Canadian parent and the following Falcon wholly-owned subsidiaries: TXM Oil and Gas Exploration Kft and TXM Marketing Trading & Service, LLC (Hungary); Mako Energy Corporation and Falcon Oil & Gas USA, Inc (USA); and Falcon Oil & Gas Australia Limited (Australia). As part of his tenure with Falcon Oil and Gas Ltd, Mr Lotito also served as a Director for each of these subsidiary companies.

Mr. Lotito was a financial consultant for over 34 years to domestic and international clients which also includes working as an Audit Manager for nine years for a national public accounting firm after graduating in 1967 with a B.S. degree in accounting from the University of Southern California.


Darrel John Causbrook - Director

Darrel Causbrook is a Chartered Accountant with over 30 years experience in the accountancy profession, having worked for both large and mid-sized accounting firms. Over 10 years ago, Darrel established his own accounting practice, providing business and strategic advice to a variety of industries. Darrel's professional interest includes financial reporting and corporate governance.


He holds a Bachelor of Commerce Degree, is a Fellow of Institute of Chartered Accountants in Australia, CPA Australia and Taxation Institute of Australia and is a member of Australian Institute of Company Directors.


David Sutton

David has extensive experience in stockbroking and investment banking. He is currently the Executive Chairman of Avalon Pacific Capital, a boutique financial services company focusing on the global resources sector. David is also a director of ASX listed Empire Energy Group Ltd which is an oil and gas producer and explorer in the USA and Northern Territory Australia.


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