Management

  • Richard Wadsworth, President & Chief Executive Officer

    Mr. Wadsworth has more than 18 years of successful experience in developing heavy oil projects. He has been involved in various projects where there was little production, poor infrastructure or markets for heavy oil, growing them into significant assets through his vision and operational strengths. He was Co-Founder, President and COO of Bankers Petroleum Ltd. (“Bankers”), an oil and gas exploration, development and production company listed on the TSX & AIM, from its inception in 2004 until August 2008. During this period, he led Bankers in re-developing its heavy oilfield, building a comprehensive team, the necessary infrastructure and external relationships resulting in reserves growing to over 150 million barrels and production from 500 bopd to over 6,000 bopd.

    Mr. Wadsworth previously led and managed a joint venture company for the initial exploitation of the current Bankers oilfield in Albania on behalf of Premier Oil Plc and its three international E&P partners. Previously, he held various roles within Koch Petroleum Canada over 9 years mainly in the heavy oil sector. Mr. Wadsworth is also a Director for Gallic Energy Ltd., a junior public oil & gas company with international assets. Mr. Wadsworth holds a Chemical Engineering degree from the University of Calgary, and is a registered Professional Engineer with APEGGA.

  • Brian Farrell, Chief Financial Officer

    Mr. Farrell is a chartered accountant with 25 years of experience in Alberta. Mr. Farrell is extremely active in the business community in Alberta and is a partner in the firm of Meyers Norris Penny LLP. Mr. Farrell is also Chief Financial Officer of both Prize Mining Corporation and Mexican Silver Mines Inc.

  • Dale Styner, CFA, Consultant

    Mr. Styner has 20 years of legal, merchant banking and investment banking experience. Mr. Styner’s efforts with the Company are focused on strategy, finance and business development. Mr. Styner has extensive finance and business development expertise, including five years of investment banking experience at Canaccord Adams advising and raising capital for energy companies. Mr. Styner is a CFA Charterholder and was a professional squash player before entering the business world.

  • Art Agolli, Consultant

    Mr. Agolli was a co-founder of Bankers Petroleum Ltd. along with Mr. Wadsworth. Mr. Agolli was previously with Koch and the World Bank, and is his efforts with the Company are focused on business development.

  • Claudio Arato, Director Engineering & Technology

    Mr. Arato was project manager responsible for delivering Sonoro’s environmental application commercialization and currently leads all development projects in PetroSonic, SonoOil and SonoAsh. Mr. Arato is a process engineer with 19 years experience in industrial operations and technology commercialization with three patents. He has presented at conferences throughout North America and has led process technology pilot development programs in wastewater treatment, pulp & paper, cellulosic biofuels, agricultural waste and nanotechnology. Mr. Arato is a past elected board member of the Association of Professional Engineers Geoscientists of British Columbia and remains active on committees and task forces. Mr. Arato holds degrees in Chemistry and Chemical Engineering from the University of British Columbia and is a registered Professional Engineer in British Columbia and a member of the American Chemical Society.