July 28, 2017 12:02 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Bow Energy Ltd.

Company Overview

Bow Energy Ltd., a natural resources company, engages in the acquisition, exploration, development, and production of oil and gas properties in Indonesia. It owns 50% working interest in the Langsa TAC concession that covers an area of 77 square kilometers located North Sumatra, Indonesia; and 38.25% working interest in the South Block A, which consist of an aggregate 1,582 square kilometers of exploration acreage located in North Sumatra, Indonesia. The company was formerly known as ACL International Ltd. and changed its name to Bow Energy Ltd. in February 2017. The company was founded in 1989 and is based in Calgary, Canada. Bow Energy Ltd. is a subsidiary of Blue Sky International Holding...

144-4th Avenue SW

Suite 1600

Calgary, AB T2P 3N4

Canada

Founded in 1989

Key Executives for Bow Energy Ltd.

President & Director
Age: 54
Total Annual Compensation: C$85.6K
Compensation as of Fiscal Year 2016.

Bow Energy Ltd. Key Developments

Bow Energy Ltd. will Change its Ticker to ONG from BBLS

Effective June 09, 2017, Bow Energy Ltd. will change its TSX Venture Exchange stock ticker symbol to ONG from BBLS.

Bow Energy Ltd. Announces Management Changes

Bow Energy Ltd. announced changes to its management team. Sarshar Ahmad, who was previously company's Vice President Exploration has been appointed as the company's Chief Executive Officer which post was held by Mo Fazil. Mr. Fazil will continue as the company's President and Director. Mr. Ahmad has 20+ years of experience in the oil and gas industry. Most of his career was spent at Canadian Natural Resources. He has extensive experience in acquisition, evaluation and development of exploration blocks. His diversified experience also includes evaluation and development of unconventional and tight sand reservoirs. Robert Richardson has been appointed the Bow's Vice President Exploitation. Mr. Richardson has over 20 years of energy experience in oil and gas development, reservoir engineering, acquisitions, operations and drilling. His diversified experience includes conventional oil & gas, secondary, tertiary & thermal recovery, shale oil and gas and renewable energy. Rob's leadership has been seen in projects such as managing the development of Canadian Natural Resource's Pelican Lake field from pilot to becoming one of the largest polymer floods in the world. Mansoor Anjum has been appointed company's Vice President Finance. He was previously the company's Indonesia Liaison Manager. Mr. Anjum is a business executive with experience in project management and business development and has worked in the oil and gas industry for over 20 years. He has worked in both upstream and downstream sectors of the industry and has significant experience in acquiring and operating projects in Indonesia since 1995. Mr. Anjum is a Director of Georox Resources Inc.

Bow Energy Ltd. Announces Management Changes

Bow Energy Ltd. announced the appointment of Alexander McAulay as Chief Financial Officer effective March 1, 2017. He replaces Mohammad Fazil who was the interim CFO. Mr. Fazil remains President, CEO and director of the company. Alex McAulay is an experienced public company CFO. Following his articling at MNP LLP, Alex founded the successful Naked Brand Group Inc. and led the company as its COO and CFO. Mr. McAulay was recently appointed the CFO of Marifil Mines Ltd. and is a partner at Assent Advisory Partners. He was formally a member of University of the Fraser Valley's Board of Governors and has served as President of the Board of a large social service agency.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 17, 2017
Bukit Energy Central Sumatra (Mahato) Pte. Ltd And Three Production Sharing Contracts In Indonesia
 

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