Leadership Team

BRETT McCORMICK

President and Chief Executive Officer

Brett received a BS in economics with a concentration in energy management and a minor in Geology as well as a MS in Management from Southern Methodist University. Over his career, he has gained experience from many sides of the energy industry.

Brett started off his career working for Behre Dolbear, one of the world's oldest resource advisory firms. There he gained experience helping to conduct technical and strategic studies for resource companies, financial institutions, governments and international agencies. Brett later went on to work for Headwaters Merchant Bank where he provided support on all aspects of executing merger and acquisition transactions, financial advisory assignments, marketing initiatives and business development projects within the energy industry. After his tenure at Headwaters, Brett then began work at Pioneer Natural Resources, one of the countries largest publicly traded independent E&P companies with 750,000 acres (11 BBOE resource potential) in the Permian Basin. There he worked in the Treasury Department and was exposed to all aspects of the company including: business development, land/water, investor relations, geology, and operations. Finally Brett has gained experience working as an oil and gas Banking Officer at a Texas based commercial bank where he focused on underwriting and lending to oil and gas companies in basins including: Permian, Marcellus/Utica, Eagleford, Bakken, and the Haynesville.

RAY McCORMICK

Chairman

Ray received a BS in Mineral Economics with a minor in Geology from Pennsylvania State University and a MS from the Department of Engineering at the University of Pittsburgh. A certified geologist, Ray has over 30+ years of mining and energy finance experience with an international perspective.

Ray started his career working for Consol Energy as a Project Engineer and Mineral Economist, and then joined the John T. Boyd Company as a mining consultant and geological engineer. After several years, Ray began working for Mellon Bank as a VP and Manager in the Energy Division. The Energy division conducted significant reserve based lending for independent oil and gas companies. Over his ten year tenure, he was able to grow their book size from $100MM to $1BN with no loan losses. Examples of some of the energy financings he was involved with were the senior debt financing for a gas processing plant for a major utility, $100MM project financing of a coal bed methane project in Alabama, and oil and gas reserve sales.

Ray later went on to form Monarch Financial Corporation, a private investment banking firm that focused on the resource sector, which he managed for over 20 years. Here, Ray brokered many deals, both domestically and internationally. Ray advised the Central Bank of the Dominican republic with regard to their mineral policy and laws and ran a large privatization process. He was also an advisor to the Pakistan Ministry of Petroleum and Natural Resources. He was involved with a number of large oil and gas lease sales in the Utica shale play in Ohio. Ray has served on a number of mining and energy boards.