About Altima Energy

About Altima Energy

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Altima Energy – Focused on Steady Growth and Long-Term Value in Western Canada’s Energy Sector

Altima Energy a junior energy company, is committed to exploring and developing oil and natural gas assets in Western Canada. The company’s strategy revolves around acquiring undervalued properties and optimizing existing assets with strong long-term economic prospects. Focusing on light oil and liquids-rich gas, Altima is working to accelerate value through careful development and exploration in regions such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta.

By targeting fields with high-quality, long-life reserves, Altima seeks to maximize growth potential. The company also emphasizes operational efficiency through cost control and strategic ownership of regional infrastructure, ensuring long-term returns. Altima’s experienced management and technical teams actively identify and assemble new prospects, enhancing opportunities in both its current and new core areas.

In addition to organic growth, Altima strategically pursues acquisitions that offer reliable cash flow and strong standalone economics. By focusing on assets that present opportunities for easy production increases, the company is able to grow steadily while maintaining a low-risk profile. Through this approach, Altima Energy aims to solidify its position as a key player in Alberta’s light oil fairways, driving value for its shareholders and stakeholders.

Our Key Strategic Focus Areas for Altima Expanding Light Oil and Natural Gas Production in Alberta

As a junior energy company in Western Canada, the company acquires undervalued oil and gas assets and optimizes opportunities for growth and long-term value.

Exploration and Development:

  • Focus on new high-quality, long-life reserves with access to pipelines and production infrastructure.
  • Target the Deep Basin of West Central Alberta and Rainbow Lake area in Northwestern Alberta.

Reserve Growth through Drilling:

  • Explore internally generated, high working interest prospects.
  • Prioritize liquids-rich gas and light gravity oil targets.
  • Pursue conventional and resource-based multi-zone objectives with long reserve life.
  • Focus on high-impact targets near known pools for value acceleration.

Strategic Acquisitions:

  • Pursue acquisitions with strong, dependable cash flow and standalone long-term economics.
  • Target assets with “low-hanging fruit” that allow for easy, reliable production increases.

Operational Efficiency:

  • Maintain cost control and focus activities through strategic ownership in area infrastructure.
  • Continue assembling additional prospects in new core areas using the expertise of the management and technical teams.

Experienced Oil and Gas Management Team

Directors & Management

Our leadership team brings together decades of experience in finance, corporate governance, and industry-specific expertise. Each member plays a critical role in guiding our company’s strategy and growth.

JOE DEVRIES
Interim President & CEO; Director
With over 20 years of experience in financing and managing public companies, Joe DeVries is a key player in the corporate world. Based in Vancouver, British Columbia, he excels in connecting companies with seed and development capital to build shareholder value. His efforts have been instrumental in reorganizing and reactivating Tier 2 TSX-Venture oil and gas companies. Currently, he serves as the CEO and a director of Petrichor Energy Inc., President, CEO, and director of Allente Resources Ltd., and a director of Anquiro Ventures Ltd.

STEPHEN WATTS, CA B.Ecc
Director
Stephen Watts brings over 25 years of experience in corporate finance, advising companies across industries such as oil and gas, mining, exploration, and manufacturing. He holds board positions in several large private companies and is a Member of the Institute of Chartered Accountants in Australia and a Fellow Member of the Taxation Institute of Australia.

JURGEN WOLF
Director
For more than 15 years, Jurgen Wolf has been a significant contributor to the oil and gas industry, focusing on investor relations and administration for public companies. Originally educated in Germany, Jurgen immigrated to Canada in 1953. His entrepreneurial ventures include owning and operating pre-cast concrete factories in Calgary and Vancouver, and later managing a commercial construction company, J.A. Wolf Projects, Ltd. He was also the President and director of US Oil and Gas Resources Inc., which eventually became Petrichor Energy Inc. in 2005. Currently, he serves as a director for several public companies.

RICHARD BARNETT, C.G.A.
CFO & Secretary
Richard Barnett has over 20 years of experience as a Chief Financial Officer, Controller, and Secretary, working with both public and private corporations. His expertise spans a wide range of sectors, including oil & gas, resource exploration, engineering, and R&D. Richard is a member of the Certified General Accountants of British Columbia and has completed extensive business, accounting, and regulatory courses to keep current with industry practices. His responsibilities include overseeing accounting functions, managing annual audits, budgeting, and preparing financial statements and management discussions.

Technical Advisors

MICHAEL O’BYRNE
Technical Advisor
With a career spanning over 25 years, Michael O’Byrne has built a solid foundation in executive management, petroleum land management, and oil and gas operations. He co-founded Crimson Energy Ltd. and serves as its President and CEO, as well as the President of OMJ Land Services Ltd. Michael’s extensive experience includes roles at Range Petroleum, Golden Eagle, Unbridled Energy, Stormcat Energy, and Rockbridge Resources Inc., where he has made significant contributions to the industry.

JOHN KRUG, P.Eng
Technical Advisor
John Krug is a registered Professional Engineer with over 22 years of experience in petroleum engineering and oil and gas operations. He has held various executive and engineering positions in both junior and major oil and gas exploration and production companies.

BERNIE GORUK, P.Eng
Technical Advisor
With over 34 years of experience in petroleum engineering and oil and gas operations, Bernie Goruk has established himself as a seasoned professional in the industry. His career includes two decades at AMOCO, where he took on various roles in property management, drilling, completions, exploitation, exploration, and administration. Bernie’s expertise and leadership are further recognized by his membership in the Professional Geologists, Geophysicists, and Engineers of Alberta.

DR. BOB MUMMERY, P. Geol
Exploitation/Exploration Geology
Dr. Bob Mummery is a registered Professional Geologist with over 40 years of experience in the industry, including roles at AMOCO, Canadian Hunter, Home Oil, and Wascana. He is the former VP of Exploration and founder of Golden Eagle and has held multiple directorships in both public and private junior oil and gas companies.

Directors & Management

Our leadership team brings together decades of experience in finance, corporate governance, and industry-specific expertise. Each member plays a critical role in guiding our company’s strategy and growth.

JOE DEVRIES
Interim President & CEO; Director
With over 20 years of experience in financing and managing public companies, Joe DeVries is a key player in the corporate world. Based in Vancouver, British Columbia, he excels in connecting companies with seed and development capital to build shareholder value. His efforts have been instrumental in reorganizing and reactivating Tier 2 TSX-Venture oil and gas companies. Currently, he serves as the CEO and a director of Petrichor Energy Inc., President, CEO, and director of Allente Resources Ltd., and a director of Anquiro Ventures Ltd.

STEPHEN WATTS, CA B.Ecc
Director
Stephen Watts brings over 25 years of experience in corporate finance, advising companies across industries such as oil and gas, mining, exploration, and manufacturing. He holds board positions in several large private companies and is a Member of the Institute of Chartered Accountants in Australia and a Fellow Member of the Taxation Institute of Australia.

JURGEN WOLF
Director
For more than 15 years, Jurgen Wolf has been a significant contributor to the oil and gas industry, focusing on investor relations and administration for public companies. Originally educated in Germany, Jurgen immigrated to Canada in 1953. His entrepreneurial ventures include owning and operating pre-cast concrete factories in Calgary and Vancouver, and later managing a commercial construction company, J.A. Wolf Projects, Ltd. He was also the President and director of US Oil and Gas Resources Inc., which eventually became Petrichor Energy Inc. in 2005. Currently, he serves as a director for several public companies.

RICHARD BARNETT, C.G.A.
CFO & Secretary
Richard Barnett has over 20 years of experience as a Chief Financial Officer, Controller, and Secretary, working with both public and private corporations. His expertise spans a wide range of sectors, including oil & gas, resource exploration, engineering, and R&D. Richard is a member of the Certified General Accountants of British Columbia and has completed extensive business, accounting, and regulatory courses to keep current with industry practices. His responsibilities include overseeing accounting functions, managing annual audits, budgeting, and preparing financial statements and management discussions.

Technical Advisors

MICHAEL O’BYRNE
Technical Advisor
With a career spanning over 25 years, Michael O’Byrne has built a solid foundation in executive management, petroleum land management, and oil and gas operations. He co-founded Crimson Energy Ltd. and serves as its President and CEO, as well as the President of OMJ Land Services Ltd. Michael’s extensive experience includes roles at Range Petroleum, Golden Eagle, Unbridled Energy, Stormcat Energy, and Rockbridge Resources Inc., where he has made significant contributions to the industry.

JOHN KRUG, P.Eng
Technical Advisor
John Krug is a registered Professional Engineer with over 22 years of experience in petroleum engineering and oil and gas operations. He has held various executive and engineering positions in both junior and major oil and gas exploration and production companies.

BERNIE GORUK, P.Eng
Technical Advisor
With over 34 years of experience in petroleum engineering and oil and gas operations, Bernie Goruk has established himself as a seasoned professional in the industry. His career includes two decades at AMOCO, where he took on various roles in property management, drilling, completions, exploitation, exploration, and administration. Bernie’s expertise and leadership are further recognized by his membership in the Professional Geologists, Geophysicists, and Engineers of Alberta.

DR. BOB MUMMERY, P. Geol
Exploitation/Exploration Geology
Dr. Bob Mummery is a registered Professional Geologist with over 40 years of experience in the industry, including roles at AMOCO, Canadian Hunter, Home Oil, and Wascana. He is the former VP of Exploration and founder of Golden Eagle and has held multiple directorships in both public and private junior oil and gas companies.

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T +1-604-336-8610 • F +1-604-718-2808

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