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Board of Directors

ALAN BREAKEY, BSc, MSc (Geology), P.Geol – VP Exploration

Over 35 years of executive and exploration geology experience throughout North America and internationally.
Managing director of Penco Oil and Gas Ltd., private oil and gas company founded in 2011
Formerly with Resolution Resources, Newheart Oil and Gas, Chancellor Energy, Strathfield Oil and Gas, Ocelot Industries, Shell Canada.

Discovery record in Central and Southern Alberta consists of oil and gas pools totaling 20 million barrels of oil and 35 BCF of natural gas.

Notable discoveries:

  • Provost Dina PPP pool (8.5 million barrels)
  • Dina SS pool (3.5 million barrels),
  • Dina C8C pool (1.5 million barrels),
  • Lone Pine Creek Viking F pool (17 BCF)
  • Stewart Viking B pool (11 BCF)

All discoveries result of regional grassroots exploration capitalizing on overlooked or previously unrecognized opportunities.

Since 2000, founded/co-founded 5 public and private junior oil and gas companies. Averaged a 300% rate of return for shareholders over periods ranging from 1 year to 3 years. Corporate growth was achieved through grass-roots exploration. Companies included Voltorb Resources/Resolution Resources, EMBO Petroleum, Newheart Oil & Gas, Breakside Energy and Varenna Energy.

DALE BURSTALL, B.Comm., LL.B. - Director

Dale Burstall was born in Winnipeg, Manitoba and raised in Calgary, Alberta. He received his Bachelor of Commerce from the University of Calgary in 1982 and his Bachelor of Laws from the University of British Columbia in 1985. He was admitted to the Alberta Bar in 1986.

Mr. Burstall joined Burstall Winger LLP in 1987 as an associate, and became a partner in 1994. Mr. Burstall has practiced in the area of commercial law since joining the firm, with an emphasis on securities law. Mr. Burstall's practice includes all aspects of securities law from both the perspective of an issuer or an underwriter, including initial public offerings, secondary financing, mergers and acquisitions, and all dealings with regulators including stock exchanges and securities commissions. Mr. Burstall is a director or officer of several public and private companies. Dale also is involved with two charitable organizations.

TOM MACKAY, BSc. (Geol. Eng.) P.Eng. - Chief Executive Officer

37 years providing executive leadership and engineering to junior oil and gas companies in the western Canadian oil and gas industry.

Corporate track record includes Penco Oil and Gas Ltd., Thoroughbred Energy, Valiant Energy, Forte Companies, Chancellor Energy Resources, Poco Petroleum, Amoco Canada Petroleum.

Penco Oil and Gas Ltd.
Managing director of private oil and gas company founded in August 2011.

Valiant Energy
Increased production from 250 boe/d to 1,300 boe/d in one year.

The company sold in 2006 to Peerless Energy Inc. for $3.37 per share realizing a 34% return on initial raise 12 months earlier.

Forte Oil Corporation/Forte Resources
Private company that went public, and subsequently merged with Thunder Energy and Mustang Resources to create Thunder Energy Trust.

Realized a 350% gain for shareholders from 2001 to 2005.

Forte Energy
Private company formed in 1997; initial raise at $1.00 per share.
Sold to NCE Energy Trust in 2001 for $4.59 per share.

Chancellor Energy Resources
Increased production from 1 mmcf/d to 50 mmcf/d from 1991 to 1995.


David is a fellow of the Institute of Chartered Accountants and past partner of both PricewaterhouseCoopers and Arthur Andersen and Co. In his capacity as a senior partner with both PricewaterhouseCoopers and Andersen, David had responsibility for major accounts such as Unocal Canada, Texaco Canada, Methanex Corporation, Acetex Corporation and Maersk (a subsidiary of A.P. Moeller).

David has extensive experience with mergers, acquisitions, purchase investigations, restructuring and financial engineering. He is the Managing Director & Portfolio Manager of Network Capital Management Inc., an investment company which he founded in 1997.

David has served as a director of numerous companies including Boardwalk REIT, Alliance Atlantis Movie Distribution Income Fund, Parkbridge Lifestyle Communities Inc., InternetSecure Inc., Forte Resources Inc., Valiant Energy Inc., Bear Ridge Resources Inc., and Canada Fluorspar Inc. David has chaired Audit Committees, Compensation Committees, numerous Special Committees and has served as Board Chair and Lead Director. He currently also serves as a director of Madison PetroGas Ltd. and Wilmington Capital Management Inc.

David is a Past President of the Alberta Chamber of Commerce and a past Vice President of the Calgary Chamber of Commerce and over the years has served numerous community-minded charitable organizations.