Shoal Point drilling site on the Port au Port Penninsula. — TC Media file photo
Shoal Point Energy has a new leadership team, following a round of resignations after an annual general meeting in Toronto June 28. Norman Davidson Kelly, chairman of the board of directors, has resigned his position.
As reported in The Telegram in the leadup to the AGM, Davidson Kelly's departure is being attributed to the company's transition to a non-operating company in the western Newfoundland oil hunt — as partners such as Black Spruce Exploration take over operational decisions for licence areas.
Work on the western Newfoundland licences includes possible use of fracking in oil exploration.
Meanwhile, according to a statement issued by Shoal Point Energy Tuesday, the new chairman of the company’s board is Eric Schneider — a partner in the law firm Miller Thomson as well as former vice-president and general counsel with Schneider Corp., from 1990-99.
Chris Irwin has resigned from the Shoal Point board; George Langdon has also resigned, from the position of Shoal Point Energy president and Brian Murray has resigned as the company’s chief financial officer.
Murray has been replaced by Brian Fiddler, while Mark Jarvis has come on as the company’s new CEO.
Leslie Young has been named as corporate secretary.
John Clarke and Howard Hanick fill out the Shoal Point board.
"My mandate is to instill fiscal discipline, enhance corporate governance and ensure transparent disclosure by the company," said Jarvis, in a written statement.
"I will make it a priority to have a professional working relationship with the relevant regulatory authorities in Newfoundland and with our farm-in partner, Black Spruce Energy. We are very excited about the opportunity presented by the Green Point Shale resource in western Newfoundland."
The trio of new faces — Jarvis, Fiddler and Young — have been working together, leading Hard Creek Nickel Corp., with exploration work is focused in British Columbia.