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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)(5) - 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.

Bernard Polge de Combret (3)(4)(5)

Bernard Polge de Combret, is the former Deputy Chairman of the Executive Board of Total (Paris), spent 24 years from 1978 to 2002 with Elf and Total Group. 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 sits on the Board of Milio International DMCC (Dubai). 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 Geneva Petroleum Club.

He has been on the Board of 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)

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 projects in Portugal. 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.

Mr Perrault is also a director of NEX listed Bitumen Capital and is President of Twilight Capital Inc.. Mr. Perrault holds a Bachelor of Commerce and obtained his Chartered Financial Analyst designation in 1997.

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

Gary Robertson, is a chartered accountant by training. Mr. Robertson has worked for the past 30 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 (1)(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. and holds personal investments in several junior oil and gas companies, controlling interest in NARSTCO Inc., a steel railway tie manufacturer in Texas, a director of Donnybrook Energy Inc. and Donnycreek Energy Inc. 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 senior partner with Norton Rose Fulbright LLP, where he has practiced as both a barrister and a solicitor, with a focus on energy work, for nearly 30 years. In 2002 - 2003 Mr Valentine lived in 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 Yemen, Qatar, Oman, Iraq, and Brazil. His work experience includes liquefied natural gas, gas-to-liquids and petrochemicals, as well as conventional oil and gas transactions upstream and midstream transactions. Mr Valentine provides training in both LNG, gas and upstream petroleum law issues with seminars regularly held in Rio, London, Doha, Dubai, Singapore and Amsterdam. He 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 Touchstone Exploration Ltd. 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

2013 Operational Highlights
2011 Operational Highlights
Calvalley has established a strong base of cash flow and earnings from its exploration success in Block 9. Production of 2,516 bpd was the highest annual average since 2007.
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