About Razor
Razor (“TSX-V: RZE”) is a pivotal leading-edge enterprise, balancing creativity and discipline, focused on growing an enduring energy company.
We are a publicly-traded junior oil and gas development and production company headquartered in Calgary, Alberta. Our business is concentrated on acquiring, and subsequently enhancing, producing oil and gas properties primarily in Alberta.
On January 31, 2017, Razor went public with an arrangement with an existing TSX Venture listed company named Vector Resources Inc. Simultaneously, we completed a share issuance, share consolidation, secured a term loan facility with AIMCo, and closed a strategic asset acquisition in Swan Hills.
Later that year, in May 2017, we closed a prospectus financing of 5,750,000 subscription receipts at a price of $3.00 per subscription receipt for gross proceeds of $17.3 million (net proceeds of approximately $15.5 million. This equity financing was used to purchase additional assets in Alberta, namely Montney producing, oil weighted assets in Kaybob. We continued acquiring the remaining working interest positions within Kaybob Triassic Units 1 & 2 in December 2017 and again in January 2018. Funding for these acquisitions was through the increase of our term facility with AIMCO, from $30 million to $45 million. Terms remained unchanged with the principal due in January 2021 with an interest rate of 10%, payable semi-annually.
History
Management Team
Doug Bailey
President, Chief Executive Officer and Director (Calgary, Alberta)
Doug Bailey is a designated accountant with over 30 years of commercial experience from heavy infrastructure construction to oil and gas exploration and production. Mr. Bailey has been engaged in the oil and gas industry since the early 2000’s. Starting with various restructuring mandates, Mr. Bailey evolved into a founder of Canadian Phoenix, which sold to Renegade Petroleum, and Hyperion Exploration. Most recently, Mr. Bailey co-founded Striker Exploration Corp. (“Striker”), which amalgamated with Gear Energy Ltd. in July 2016. Mr. Bailey is a member of the Chartered Professional Accountants of Alberta.
Michael Blair
Chief Operating Officer (Calgary, Alberta)
Michael Blair is a petroleum engineer with over 20+ years of experience in production and operations. Throughout his career, Mr. Blair has built an extensive background in the Oil & Gas industry, overseeing the optimization and development of various operations across Western Canada. Mr. Blair has served as production manager for Penn West Petroleum Limited, Legacy Oil and Gas and Ventura Resources, and has also worked for Sproule and Baker Hughes. Mr. Blair is a member of APEGA.
Kevin Braun
Chief Financial Officer (Calgary, Alberta)
Kevin Braun is a Chartered Professional Accountant with over 25 years of experience in financial management including financial reporting, corporate accounting, budgeting and forecasting as well as stewardship of internal controls. Mr. Braun began his career with Coopers & Lybrand prior to moving into the upstream oil and gas sector. He has held the Controller position at Athabasca Oil and most recently was the Controller of Brion Energy. Mr. Braun is a member of the Chartered Professional Accountants of Alberta.
Darren Jackson
Vice President, Production & Operations (Calgary, Alberta)
Darren Jackson is a Professional Engineer with 30 years of experience in Western Canada. He specializes in Operations, Production Engineering, and Field Project Management. Throughout his career, Mr. Jackson has worked with both small to medium Junior E&P companies like Canetic Energy (formerly Acclaim Energy Trust) and larger organizations such as EnCana and PennWest. He is a member of APEGA.
Board of Directors
Sonny Mottahed
Director (Calgary, Alberta)
Shahin (Sonny) Mottahed has more than 20 years of Oil & Gas and Finance experience and is currently the Chief Executive Officer and Managing Partner of Black Spruce Merchant Capital. Prior thereof, Mr. Mottahed was the Managing Director, Investment Banking & Head of International Oil & Gas at Raymond James in Calgary where he created the International Exploration & Production practice and grew it in three years to #1 ranked in Canada by market share. In four years at Raymond James, Mr. Mottahed was involved with $4 billion of capital raised, 75 financings and 34 lead mandates. Mr. Mottahed’s direct oil & gas experience includes business development at Nexen Inc., management consulting at Offshore Management Solutions, business analyst at El Paso and business development at Integrated Logistic Services.
Sean Phelan
Director (Calgary, Alberta)
Sean Phelan is an independent businessman with over 30 years of oil and gas finance, management, leadership, sales and operations with both small private Canadian service companies and large multinational public corporations. Mr. Phelan co-founded private start-up Matrix Drilling Fluids in 2004 where he served as Vice President, Finance until its recent sale in 2020. Prior thereto, Mr. Phelan held positions of increasing responsibility at Newpark, Baker Hughes and the Government of Alberta. Mr. Phelan has well-rounded experience in accounting, finance, corporate governance, banking, insurance, IT and HSE related functions. Mr. Phelan is a results-driven entrepreneur, has completed the Queen’s University Executive Program and is a Chartered Professional Accountant and Certified Management Accountant.
Frank Muller is a professional geoscientist with over 30 years of experience in Western Canada. Mr. Muller’s technical foundation was built while employed with Chevron Canada, Hillcrest Resources and Jordan Petroleum. Mr. Muller reinvigorated Real Resources and co-founded WestFire Energy where he held increasingly senior managerial and executive roles. Mr. Muller also co-founded Striker, which amalgamated with Gear Energy Ltd. in July 2016. Most recently, Mr. Muller held the position of Senior Vice President and Chief Operating Officer at Razor Energy Corp. Mr. Muller is a member of APEGA and CSPG.
Frank Muller
Director (Calgary, Alberta)
Doug Bailey
President, Chief Executive Officer and Director (Calgary, Alberta)