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 a 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.

Through continuous production enhancing efforts, and improvements in efficiencies in the field and corporately, we are proud to have recently added a monthly dividend payment to our shareholders.

History

 

Management Team

 
 

Doug Bailey

President, Chief Executive Officer and Director (Calgary, Alberta)

Doug Bailey is a designated accountant with over 20 years of commercial experience from heavy infrastructure construction to oiland 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.

 

Frank Muller

Senior Vice President, Chief Operating Officer and Director (Calgary, Alberta)

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. Most recently, Mr. Muller co-founded Striker, which amalgamated Gear Energy Ltd. in July 2016. Mr. Muller is a member of APEGA and CSPG.

 

Kevin Braun

Chief Financial Officer (Calgary, Alberta)

Kevin Braun is a Chartered Professional Accountant with 23 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.

 

Marc Bergevin

Vice President, Engineering (Calgary, Alberta)

Marc Bergevin is a professional engineer with 23 years of experience in Western Canada and the international arena. Mr. Bergevin has a strong background in reservoir, exploitation and development engineering all leading to extracting more oil from the reservoir. Mr. Bergevin began his career at Talisman Energy and has progressed though roles of increasing technical and managerial responsibility with Shell Canada, EnCana/Cenovus, PennWest and Cardinal Energy. Mr. Bergevin is a member of APEGA.

 

Lisa Mueller

Vice President, New Ventures (Calgary, Alberta)

Lisa Mueller is a mechanical engineer with over 20 years of technical and business development experience.Ms. Mueller began her career with a role in the space sciences on a NASA project then moved into the commercial arena by founding and growing a manufacturing company.Most recently she served as Senior Business Development Manager of Infrastructure at Shell Canada and President & CEO at Epoch Energy Development.

 

Devin Sundstrom

Vice President, Production (Calgary, Alberta)

Devin Sundstrom is a professional engineer with 23 years of experience in Western Canada. Mr. Sundstrom has developed a strong background in production, exploitation and acquisitions and divestitures. Mr. Sundstrom began his career at Northstar Energy and then progressed through roles of increasing responsibility while at Renaissance, Pengrowth and Hunt oil. Most recently, Mr. Sundstrom was at Long Run Exploration, as Vice President, Production, and its predecessors dating back to Galleon. Mr. Sundstrom is a member of APEGA.


Stephen Sych

Vice President, Operations (Calgary, Alberta)

Steve Sych is a certified engineering technologist with over 26 years of oil and gas experience throughout Western Canada. Growing up in Alberta and in the oil and gas industry, Mr. Sych has had the opportunity to develop a very strong background in production and operations management. Mr. Sych began his career in the field and has held increasingly managerial roles with various oil and gas companies, including Zargon Oil and Gas, MGV Energy, and most recently with Arsenal Energy, which amalgamated with Lone Pine Resources. Mr. Sych is currently a member of ASET.

Board of Directors

 

Sony Gill

Director (Calgary, Alberta)

Sanjib (Sony) Gill is a partner at McCarthy Tétrault LLP and is the Practice Group Lead for the Business Law Group in Calgary. Mr. Gill has dealt with all aspects of a public and private company’s creation, growth, restructuring and value maximization. Mr. Gill has extensive experience in the negotiation, structuring and documentation of a broad range of corporate finance, securities and M&A transactions, including public offerings, private placements, debt financings, recapitalizations, tax motivated restructurings, takeover bids, reverse takeovers, asset and share transactions, plans of arrangement, stock exchange listings and other forms of business combinations and corporate activity. Mr. Gill also acts as corporate secretary for numerous public and private oil and gas companies. Mr. Gill is a member of the Law Society of Alberta and the Canadian Bar Association.


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 thereo, 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.


Vick Saxon

Director (Calgary, Alberta)

Vick Saxon is an Oil & Gas professional and serves as a Director for VZFOX Canada Group of Companies. Mr. Saxon also serves on the Board of Directors for a boutique venture capital firm and is a co-founder of V’NS Limited (an oil field equipment supply company). Mr. Saxon has extensive experience in facilities, subsurface engineering and environmental & industry regulations in Western Canada. Mr. Saxon is an entrepreneur with a Bachelor of Science degree in Mechanical Engineering (Summa Cum Laude) from the University of North Carolina. Mr. Saxon has been enlisted in many engineering honor societies in the United States and is registered as a professional engineer with APEGA.


Stan Smith

Director (Calgary, Alberta)

Stan Smith is a designated accountant with over 39 years of public accountant experience, most recently as an Audit Partner with KPMG LLP (1984 – 2016). Mr. Smith’s focus of practice was public company auditing and advising primarily in the oil and gas exploration & production and service industry. After retirement from KPMG LLP on September 30, 2016 Mr. Smith has been carrying out activities as an independent businessman. Mr. Smith is a member of the Chartered Professional Accountants of Alberta and Institute of Corporate Directors.


Frank Muller

Senior Vice President, Chief Operating Officer and Director (Calgary, Alberta)

Doug Bailey

President, Chief Executive Officer and Director (Calgary, Alberta)