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About Us

Calvalley is an international oil and gas company focused on exploration and development of Block 9 in the
Republic of Yemen.

Board of Directors

The Directors of Calvalley Petroleum Inc. are as follows:


Edmund M. Shimoon (3)(4) - Chairman / Calgary Alberta

Edmund Shimoon, was President, Chief Executive Officer and a director of O.R.I. Energy Inc., since its incorporation, and held a similar position with the predecessor corporation to Calvalley Petroleum Inc. since 1995 and held the same positions with the Company until December 31, 1997. Since January 1, 1998, Mr. Shimoon has held the positions of Chairman of the Board, Chief Executive Officer and President of the Company. He is also a director of Calvalley Petroleum (Cyprus) Ltd. As of June 2, 2009, Mr. Shimoon retains the position of Chief Executive Officer and Chairman of Calvalley Petroleum Inc.

Bernard de Combret (3)(4)

Bernard de Combret is the former Deputy Chairman of the Executive Board of Total (Paris).

B. de Combret spent 24 years from 1978 to 2002 with Elf and Total Group, where he held several top executive positions, including but not limited to, Chief Executive for Refining/Marketing, Chief Executive for Gas, Power, New Energy, and Chief Executive for Trading and Transportation. He was also a member of the Group's Executive Board for 11 years.

Currently, B. de Combret also sits on the Board of Toreador Resources Corporation (Paris) and Winstar Resources Ltd (Calgary). He is a member of the International Advisory Board of Banco Santander (Madrid). He is also a participant to the Oxford Energy Policy Club and to the Executive Committee of the Geneva Petroleum Club.

He has been a member of the Board of Directors for several international public companies including CEPSA (Madrid), Intercontinental Exchange (ICE) (Atlanta), Banco Central Hispano (Madrid), Maurel &Prom (Paris), Petrofac Ltd. (London) and for subsidiaries of major public companies (Atochem, Axa Re, Renault VI).

Prior to joining the oil industry, B. de Combret was a high civil servant in France, holding senior positions in the Ministry of Finance and in the Ministry of Foreign Affairs. B. de Combret, French citizen, graduated from Ecole Polytechnique and Ecole Nationale d'Administration (ENA) in Paris.

Nikolas Perrault (1)(2)

Mr. Nikolas Perrault is a Chartered Financial Analyst who has spent the first 15 years of his career working as an investment executive with some of Canada's largest institutions, including National Bank, Merrill-Lynch, CIBC and Scotia Capital. He is President, CEO and Director of Colt Resources Inc., a Canadian-based junior exploration company engaged in the acquiring, exploring and developing mineral properties with an emphasis on gold and tungsten. His focus throughout his career has been on small cap resource companies. His work has focused on small companies in the energy and resource sectors in Canada and abroad, which has allowed him to develop an extensive international network. In May 2007, he founded a management consulting company providing strategic advice to early stage energy and resource companies. He was a director of RTN Stealth Software Inc. from 2010 to 2011 (now Quantitative Alpha Trading) and Ona Power Corp (formerly Ona Energy Inc.) from 2009 to 2010. He is a member of the Advisory Board of Quantitative Alpha Trading. Mr. Perrault is President of Twilight Capital Inc., which is registered as an exempt market dealer in Ontario. Mr. Perrault holds a Bachelor of Commerce and obtained his Chartered Financial Analyst designation in 1997.

Gary Robertson (1)(2) - Montreal, Quebec

Gary Robertson, C.A., is a chartered accountant by training. Mr. Robertson has worked for more than 25 years as President of Robertson Financial Services, where he has provided financial services in several areas. He has been particularly active in private equity formations, including a number in the oil and gas industry. Mr. Robertson is one of the original shareholders of Calvalley and its predecessor corporations and was also a Director of the Company from May 1994 to February 2000.

Kenneth M. Stephenson (5) - Calgary, Alberta

Kenneth M. Stephenson is a graduate in Civil Engineering from the University of Saskatchewan. He is the owner of Kenaco Capital Services Inc. which holds private investments in several junior oil and gas companies, controlling interest in NARSTCO Inc., a steel railway tie manufacturer in Texas, a director and officer of MinMiner Oilsands Inc. and a director of Creative Door Services Ltd., Western Canada's largest garage and industrial door supplier. He has held private ownerships, directorships, and in some cases the position of Chief Executive Officer in the oil and gas industry in contract drilling, exploration and development, pipeline construction, manufacturing, heavy construction, gas processing and oilfield camp and catering. During his career, Mr. Stephenson has held a number of diverse commercial/industrial interests and directorships in both private and public companies.

Thomas E. Valentine (2)(3)(4) - Calgary, Alberta

Thomas E. Valentine is a partner with Macleod Dixon LLP, where he has practiced as both a barrister and a solicitor, with a focus on energy work, for more than 20 years. Mr. Valentine returned to Calgary in 2003 from Doha, Qatar where he held the position of Senior Counsel (Projects) with Qatar Petroleum, the national oil and gas company for the State of Qatar. Mr. Valentine is currently involved in a number of international energy projects, including projects in Qatar, Oman, Iran, Turkmenistan and the United Arab Emirates. His work experience includes liquefied natural gas, gas-to-liquids and petrochemicals, as well as conventional oil and gas transactions. Mr. Valentine holds a B.A. from the University of British Columbia, a LL.B. from Dalhousie University, and a LL.M. from the London School of Economics. He also serves on the boards of Veraz Petroleum and NXT Energy Solutions Inc.

(1) Member of the Audit Committee
(2) Member of the Compensation Committee
(3) Member of the Corporate Governance Committee
(4) Member of the Disclosure Committee
(5) Member of the Reserves Committee

Careers at Calvalley
Careers at Calvalley
Exciting and Rewarding Careers
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