Songning Shen – Chairman and Managing Director of Canadian Foresight Group Limited.
Mr. Shen is a Canadian Professional Geologist with over 30 years experience in oil & gas industry including national oil companies such as CNPC, Statoil Norway and EnCana, multinational corporations such as Halliburton, Husky, Occidental Petroleum Corporation and Koch, and emerging public and private companies such as Connacher, Petrolifera, Fern, Sunshine Oilsands Ltd. and CaiTerra International Energy Corporation.
Two Canadian public companies’ stock had gone up 22-29 times within two years based on Mr. Shen’s exploration and development performance.
Mr. Shen founded Sunshine Oilsands Ltd. in 2007. The company’s value had increased from CAN$220,000 to US$1.7 Billion listed market value. Sunshine Oilsands Ltd. was the biggest IPO in Hong Kong exchange and top 15 biggest IPO in the world in 2012. Petro China, Sinopec Group, Bank of China, China Life Insurance Company Limited are the major investors and own around 35% of the outstanding shares.
Mr. Shen is recognized as being one of the discoverers of China’s biggest offshore oilfield, the SZ36-1 field and he was given an award by Chinese Government for this significant discovery.
He and his team have been responsible for defining over 7 billion boe in recoverable resources. Cumulative hydrocarbon production at all oil and gas projects brought to market by his team has exceeded 18 mm boe.
Raymond Fong – Director
Mr. Fong is a Canadian Professional Engineer. Mr. Fong was a director of China Coal Corporation from 2007 to 2012. He held previous directorships with Abenteuer Resources Ltd., Stealth Ventures Ltd., Zapata Capital Inc., Director and President of Ultra Capital Inc. and a former Director of United Rayore Gas Ltd. Mr. Fong is currently serving as a Director of Sunshine Oilsands Ltd. and Palinda International Group.
Greg Turnbull – Director
Mr. Turnbull is a lawyer, currently a Senior Partner at the Calgary office of McCarthy Tétrault LLP. He currently serves as a Director of a large number of publicly listed oil and gas E&P companies, including Crescent Point Energy Corp., Storm Exploration Inc., Heritage Oil Corporation, and Marquee Energy Ltd.
Wei (David) Wu – Director
Mr. Wu has over 30 years of experience as owner and operator of businesses in China. He is a Director of West Pacific Petroleum and Yunnan Tianli Trading Ltd. He has also been a Manager of Husky Energy Challenge Holdings since September 2005. Currently, Mr. Wu serves as the Chairman of the Board of Directors of Caiterra International Energy Corporation.
Michael Hibberd – Director
Mr. Hibberd holds B.A., LLB, and MBA degrees. He was a Co-Founder of Sunshine Oilsands Ltd. He is Chairman of Canacol Energy and Greenfields Petroleum. He is also a Director of several other publicly listed companies. Mr. Hibberd was a Director and Senior Vice President of ScotiaMcLeod in Corporate Finance.
Douglas Urch – Director
Mr. Urch worked for Bankers Petroleum Ltd. (now acquired by Geo-Jade Petroleum) in Executive Vice President, Finance and Chief Financial Officer roles.. He has over 35 years of oil and gas industry experience. Mr. Urch has been a Director for both listed (TSXV) and private companies. and has provided financial management services for a variety of companies. From September 2000 until January 2008, he was Vice President, Finance and Chief Financial Officer of Rally Energy Corp. Mr. Urch graduated from the University of Calgary with a Commerce degree and he is a Certified Chartered Professional Accountant (CPA) and a member of the Institute of Corporate Directors (ICD.D).