VP, Land

Mr. Schwetz has over 20 years of experience with both private and public E&P companies in Canada and the US. He has held a variety of roles in negotiations and land management covering Oil & Gas, Helium and CCUS. Mr. Schwetz started his career at Canadian Natural Resources and prior to joining Kaden has held a variety of positions at Talisman Energy, APF Energy, Zargon Oil & Gas and NAL Resources.

Mr. Schwetz holds a Bachelor of Arts degree from the University of Calgary in both history and geography. He is a member of the Canadian Association of Land and Energy Professionals as well as the American Association of Professional Landmen.

President and CEO

30+ years of operations, production and reservoir engineering, project management, planning and leadership experience.

Oil Sands General Manager at Nexen (2009 to 2014) - grew production from 15,000 bbl/d to 45,000 bbl/d

Discovered and developed the Hay medium oil field in NEBC. Ramped production to >10,000 bbl/d from over 300 horizontal wells (sold for $300 million profit 2005) and became the largest producing oil field in B.C.

Vice President, Engineering

35+ years of production and operations experience including 12 years in the field at major oil and gas companies.

Led the field optimization of the Gordondale Montney light oil development (sold for $625 million).

Extensive M&A experience including asset evaluations and transactions >$1 billion.

Controller

Mr. Henderson has held the role of Controller at Kaden since September 2022. Previously, Mr. Henderson had been the Controller or Assistant Controller at several other public and private energy companies including Rampart Oil Inc. from June 2021 to September 2022, TimberRock Energy Corp. from November 2020 to June 2021, Altex Energy Limited from February 2020 to February 2021, IPC Canada Ltd. from December 2018 to February 2020 and BlackPearl Resources Inc. from October 2012 to December 2018. Prior to this Mr. Henderson served as Supervisor, Financial Reporting at ATCO Structures & Logistics and Client Services at Collins Barrow Calgary LLP. Mr. Henderson is a Certified Professional Accountant (Chartered Accountant) and received a Bachelor of Commerce in Accounting from the University of Calgary.

Vice President, Exploration

18 years of experience, working in cross functional exploration and development teams.

Planned and drilled 10 Duvernay horizontal wells in the Kaybob area for Murphy Oil and completed a full cycle development plan that included over 600 horizontal well locations.

Executed a four-rig deep gas drilling program in the Kakwa, Musreau and Resthaven areas of the Alberta Deep Basin.

VP Exploration – M.Sc., P. Geol

George Ardies is a co-founder and the Vice President Exploration of Kaden Energy Ltd. George has over 20 years of geological and management experience in Western Canada. George began his career at PanCanadian Petroleum where he was responsible for planning and coordination of both development and exploration drilling programs. Following the merger with AEC, his role at Encana included Geology Lead for New Ventures Exploration in the Canadian New Ventures group. In 2005, George joined Suncor Energy as a Senior Geologist in their foothills division. He then joined Dorian Energy in 2006 as their Chief Geologist and was responsible for representing the company during a sale process to Vero Energy in 2008. Subsequently, George consulted for a number of small private and public companies. In 2009, George joined Angle Energy and held a number of positions including Manager, Geology. George was part of the divestiture team which sold the company in 2013. In the same year, George joined Santonia Energy (previously Fairborne Energy) as VP Exploration; subsequently, Santonia was sold to Tourmaline Energy in 2014. Later in 2014, George co-founded StonePoint Energy and served as VP Exploration; StonePoint was sold to Endurance Energy in 2015.

George received a B.Sc. in Geology at Concordia University in 1995. Subsequently, he undertook a Southern Alberta exploration project funded by PanCanadian Petroleum to earn a M.Sc. in Petroleum Geology at Queen’s University. George is an active member of the Association of Professional Engineers and Geoscientist of Alberta (APEGA), the Canadian Society of Petroleum Geologists (CSPG), and the American Association of Petroleum Geologists (AAPG).

VP Land and Business Development – LL.B.

Tim Henry is a co-founder and Vice President Land & Business Development of Kaden Energy Ltd. since 2015. Tim began his career in 1994 at Canadian Occidental Petroleum Ltd. and worked for the organization (Canadian Occidental, Wascana Energy Inc., Nexen Inc. and CNOOC Ltd.) for 20 years. Tim started his career at Canadian Occidental in the Legal Department focused on Canadian Oil and Gas operations and business development. Tim was responsible for (either from the legal side or commercial/negotiations side) the majority of the significant transactions undertaken by Canadian Occidental/Nexen. From late 2001 to the fall of 2004, Tim held a senior position in Canadian Occidental/Nexen’s Yemen operations rotating to and from Sana’a with responsibility for Law, Contracts and significant interaction with the Yemen Government. In 2005, Tim assumed responsibility for the Canadian land negotiators as well as retaining responsibility for all legal matters relating to Nexen’s Oil Sands operations. From 2010-2014, Tim was responsible for all negotiations relating to Nexen’s corporate business development initiatives. From April 2014 until October 2014, Tim was the Vice President and General Counsel for Niko Resources Ltd. a publically traded (TSX) international exploration company.

Tim received his Law Degree from the University of Saskatchewan. He has also completed the Executive Program from Queen’s University and the Fusion Program (Nexen), Said Business School, University of Oxford, U.K. Tim is a member of the Law Society of Alberta and the Canadian Association of Petroleum Landmen.

VP Finance & CFO – CA, MBA

Rich Greenough is a co-founder and Chief Financial Officer of Kaden with 25 years of experience at various companies, including PriceWaterhouseCoopers, Encana, Nexen, Parex and Saguaro. Rich began his career in 1992 articling at PriceWaterhouseCoopers where he gained valuable accounting, auditing and tax experience in oil and gas. In 1997, he began working overseas with Ivanhoe Energy and Cameco Corporation in the roles of Chief International Accountant which included a variety of duties including reporting, information technology and planning & budgeting. After working abroad, Rich returned to Calgary with Encana where he was involved in the build out of the International Division and the merger with PanCanadian Petroleum. In 2004, he joined Nexen as the VP Finance in Yemen for a start-up subsidiarywhere his responsibilities expanded to include finance, information technology and supply management. After working overseas for three years, Rich returned to Calgary where he worked in the Controllers group at Nexen and completed his MBA. In 2010, Rich joined Parex to help start-up the public junior oil and gas company with operations in Colombia and Trinidad. Subsequently, Rich help found and start-up Saguaro Resources in 2012, a private equity backed junior focused on the Montney.

Rich obtained his Bachelor of Commerce degree in 1992, majoring in both Finance and Accounting from the University of Saskatchewan. He subsequently obtained his Chartered Accounting designation through the Institute of Chartered Accountants of Saskatchewan and Alberta. In 2009, Rich completed his Masters of Business Administration through a joint Cornell/Queens University program.

President & CEO, Director

• 30+ years of operations, production and reservoir engineering, project management, planning and leadership experience
• Oil Sands General Manager at Nexen (2009 to 2014) - grew production from 15,000 bbl/d to 45,000 bbl/d
• Discovered and developed the Hay medium oil field in NEBC. Ramped production to >10,000 bbl/d from over 300 horizontal wells (sold for $300 million profit 2005) and became the largest producing oil field in B.C.

Chairman

Dave Pearce is a Deputy Managing Partner with Azimuth Capital Management. During his 30+ years in the energy sector, Dave has proven to be an effective leader, senior executive and independent director in Canada and internationally. Before joining Azimuth, Dave was President and CEO of Northrock Resources Ltd. (previously an operating division of Unocal Corp.). Prior to Northrock, Dave was Vice President, Corporate Development at Fletcher Challenge Canada. Dave had several responsibilities including Canadian acquisitions and South American business development.

Dave began his career at Dome Petroleum and progressed through a series of technical and leadership positions in production and exploration. After the Dome acquisition by Amoco, Dave was part of a focused team which successfully negotiated the sale of over $1.0 billion worth of Dome properties resulting in the largest oil and gas property exchange ever completed in Canada at the time.

Dave holds a Bachelor of Science in Mechanical Engineering (Honours). He has served as a Governor of the Canadian Association of Petroleum Producers (CAPP) and chaired the Northern Canada Executive Policy Group. Dave represents Azimuth as a Director on the Boards of Altex Energy Ltd., Black Swan Energy Ltd., Fairfield Energy Limited, Kaisen Energy, TimberRock Energy Corp and Kaden Energy Ltd. Dave also serves as an Independent Director on the Board of Raging River Exploration Inc.

Director

• 40+ years of experience focused on conventional and resource play exploration and development throughout WCSB.
• VP Exploration at Black Swan Energy (2011 to 2021), sold to Tourmaline for $1.1 billion

Chairman

• 25+ years experience in oil field operations, business consulting, and as an oil and gas executive and board member in Canada, the United Kingdom, the United States, and South America
• Provides access to an experienced network of engineering, operational and finance professionals in Calgary, Vancouver, Toronto, London, New York and Switzerland
• Masters in Business Administration, with honors, from the London Business School
• Currently the President and CEO of Alpha Lithium Corp, an environmentally responsible lithium explorer in Argentina

Director

• 17+ years of diversified experience in the oil and gas industry in the areas of negotiations, management, operations, evaluations, business development, First Nations consultation, land and exploration
• Founder of Crestwynd Exploration Ltd, positioned in the prolific Clearwater oil play which recently sold for $217 million
• Active member of the Canadian Association of Petroleum Landmen

Director

Jason Montemurro is a Partner with Azimuth Capital Management. Prior to joining the Firm, Jason was a Director of Global Investment Banking for CIBC World Markets in Calgary, where he worked on numerous energy sector transactions. Jason is able to provide added value to the Azimuth team and Portfolio companies in several areas, including tax structuring, legal analysis, accounting review and audit committee functions, as well as enhanced financial modeling. Jason represents Azimuth on the Board of a number of Portfolio companies including Kaden Energy Ltd.

Previously, Jason worked as a tax attorney with Felesky Flynn LLP. His practice included mergers & acquisitions, financing, trust conversions and other tax structuring, as well as representations to the Canada Revenue Agency and the Department of Justice in respect of various tax matters. Jason has also worked with Deloitte as a Manager in its Assurance and Advisory Department.

Jason holds a Bachelor of Commerce in Finance with distinction from the University of Alberta, as well as a Bachelor of Law Degree from the University of Alberta. Jason is a Chartered Accountant and a US Certified Public Accountant (Illinois). Jason is a CFA Charterholder and is a past director of the Calgary CFA Society.

Observer

Chris is a Managing Director with Azimuth Capital Management. His responsibilities include monitoring existing investments, conducting investment analysis, performing strategic and financial due diligence and marketing/investor relations. Prior to joining Azimuth in 2006, Chris worked at Alberta Investment Management Corporation (AIMCo.), one of Canada’s largest endowment fund/pension fund managers, where he was active in institutional private equity and infrastructure.

Director

Jim is an Operating Partner with Azimuth Capital Management and joined the Kaden Energy Board in 2017. He is a senior energy sector executive with 35 years of international and North American operating experience. Jim was a co-founder and President of Cobalt International Energy, a deepwater focused E&P company. Jim’s primary responsibilities included the direction of Cobalt’s highly successful exploration and appraisal programs in West Africa and the U.S. Gulf of Mexico. Prior to Cobalt, he served as the Senior Vice President with British Petroleum (“BP”) responsible for all global exploration, appraisal, business development and exploration technology activities. Previously, he held a number of leadership roles in the U.S. Gulf of Mexico, Alaska and the UK.

His education includes a Bachelor of Science degree from Indiana University and a Masters of Science degree from Western Michigan University, both in the field of Geology. He was recently named a Distinguished Alumni of both universities and serves on the Indiana University Advisory Board. He also chaired the Advisory Board and Foundation for the Jackson School of Geosciences at the University of Texas.