Company Overview

Bow Energy Ltd., listed under the Trading Symbol ONG on the Canadian TSX-Venture Exchange, is an Oil & Gas Exploration and Development company situated in the prolific Indonesian Sumatra basin, where it has interests in 5 Production Sharing Contracts (PSCs) and 1 Joint Study Agreement (JSA).

  • Sumatra basin is one of the most prolific hydrocarbon basins in SE Asia
  • High domestic natural gas prices, averaging $8/Mcf
  • Extensive infrastructure in place to meet increasing domestic & international demand
  • Bow has major land position
    • 948,029 net acres
  • Operator of 3 conventional PSCs and one non-conventional PSC
  • One non-operated PSC and one Joint Study Agreement

 

Management Team

Mohammad Fazil
President

Mr. Fazil has 18 years of capital markets experience with Canadian boutique investment dealers. His focus was IPO and secondary financings for oil & gas, oil & gas service companies and mining companies.

Mr. Fazil raised over $300 million for IPOs and secondary financings during his career in the investment industry. He was instrumental in identifying and structuring transactions/issuers. Mr. Fazil travelled extensively overseas to source funding as well as companies looking to finance and establish a presence on the North American markets.

Alexander McAulay
Chief Financial Officer

Mr. McAulay is an experienced public and private company CFO. He has worked as a professional accountant at one of Canada’s leading mid-sized accounting firms MNP LLP where he earned his Chartered Accountant designation. Following MNP LLP, he was the CFO of US-listed Naked Underwear (NAKD). He has previously served as the youngest elected person in Canada on his local School Board, was formally a member of University of the Fraser Valley’s Board of Governors and President of the Board in the largest social service agency in his community. He was awarded the inaugural Young Distinguished Alumni Award from his Alma Mater, the University of the Fraser Valley.

Mansoor Anjum
Vice President, Finance

Mr. Anjum is a business executive with experience in project management and business development and has worked in the oil and gas industry for over 20 years. He has worked in both upstream and downstream sectors of the industry and has significant experience in acquiring and operating projects in Indonesia since 1995. Mr. Anjum is a Director of Georox Resources Inc., a TSXV company. He holds an MBA degree from the University of Toronto with a focus in strategy and finance.

Indrajana Sadikin
Country Manager, Indonesia

Mr. Sadikin has over 30 years of experience managing field operations and executive management. He has worked for Pertamina (Indonesia state oil company), Weatherford International, Saudi Aramco and Haliburton. He has an MSc in Mechanical Engineering from the University of Indonesia.

Memet Rachmat
Drilling Engineer

Mr. Rachmat brings extensive experience in drilling and completion operations. He has also developed drilling programs and budgets.  He has worked as a drilling engineer for Pertamina, BPMigar, Petrochina and local Indonesian firms during his career. He obtained his degree in Petroleum Engineering from the Institut Teknologi Bandung and degree in Management from Universitas Indonesia.

 

 

Sarshar Ahmad
Chief Executive Officer

Mr. Ahmad has 20+ years of experience in the oil and gas industry.  Most of his career was spent at Canadian Natural Resources Ltd.  He has extensive experience in acquisition, evaluation and development of exploration blocks.  His diversified experience also includes evaluation and development of unconventional and tight sand reservoirs. He has used his geological expertise in drilling operations and integration of new technology to improve efficiency of operations.  Mr. Ahmad has a Masters in Geology from the University of Oslo, Norway.

Aqeel Virk
Vice President, Commercial and Business Development

Mr. Virk is an experienced asset acquisition and contracts negotiator with vast experience in corporate regulatory compliance. He is actively involved in business development, company operations and legal affairs. Mr. Virk graduated from the Haskayne School of Business – University of Calgary and received his Juris Doctor (J.D.) in 2013.

Robert Richardson
Vice President, Exploitation

Mr. Richardson has over 20 years of energy experience in oil and gas development, reservoir engineering, operations and drilling. His diversified experience includes conventional oil & gas, secondary, tertiary & thermal recovery, shale oil and gas, acquisitions and renewable energy. Rob’s leadership has been seen in projects such as managing the development of CNRL’s Pelican Lake field from pilot to becoming one of the largest polymer floods in the world. He has also worked for Exxon Mobil, Baytex Energy, and Petrobank Energy. He has a B.Sc. Engineering from the University of Alberta, a Masters Degree in Energy Business and an Engineering Science Technology Diploma from SAIT. He is a member of APEGA & Beta Gamma Sigma.

Cory Hanger
Drilling Manager

Mr. Hanger has worked as a directional driller for Halliburton on slant, extended reach HZ, and thermal projects throughout Alberta.  He has also worked for EnCana as a Drilling Supervisor for multiple SAGD projects and Canadian Natural Resources Ltd. as a District Drilling Superintendent for Operations and Engineering on SAB, CAB, NCAB, NEG, Brintnell, Thermal, BME, & Horizon.  His drilling experience has resulted in successfully drilling over 3000 wells and collectively managing drilling budgets over $1 Billion to date.

Bambang Sadarta
General Manager, Indonesia PSCs

Mr. Sadarta is a reservoir engineer with over 25 years of upstream oil & gas experience with both Indonesian and International companies including ENI and Total E&P. He has strong operational and management experience. He has a Bachelors Degree in Petroleum Engineering from the Bandung Institute of Technology (ITB), Indonesia.

Board of Directors

Mohammad Fazil, Director and President

Aqeel Virk, Director and Vice President, Commercial and Business Development

Robert Sadleir, Director

Mr. Sadleir is a Chartered Accountant with extensive experience with public companies. He is the Chairman of Bow Energy’s audit committee, a role he had with Anthony Clark International Insurance Brokers since 2006. Prior thereto he was VP of Finance of Cal-Gas Inc. from 2003 to 2007. Mr. Sadleir obtained his Bachelor of Commerce degree from the University of Calgary in 1971 and his Chartered Accountant designation in 1974 and participated in the Executive Development Program at Dalhousie University in 1989.

Robert Tjandra, Director

Mr. Tjandra has extensive oil and gas experience with both national and international companies in emerging markets as well as in developed countries. He started his career working for BP as the first Indonesian national petroleum geologist for BP in Indonesia. His career with BP included a secondment to BP North Sea operations in Aberdeen, UK. He has a B.Sc. in Geology from the University of Toronto and an MBA from the Philippine School of Business Administration.