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Prairiesky Royalty Ltd (PSK.TO)

PSK.TO on Toronto Stock Exchange

8.17CAD
30 Oct 2020
Change (% chg)

$0.09 (+1.11%)
Prev Close
$8.08
Open
$8.08
Day's High
$8.21
Day's Low
$7.89
Volume
511,361
Avg. Vol
661,186
52-wk High
$16.34
52-wk Low
$6.24

Summary

Name Age Since Current Position

James Estey

67 2017 Independent Chairman of the Board

Andrew Phillips

42 2014 President, Chief Executive Officer, Director

Pamela Kazeil

2015 Chief Financial Officer, Vice President - Finance

Cameron Proctor

2015 Chief Operating Officer, Corporate Secretary

Matthew McMahon

General Counsel

Amber Vrataric

Controller

P. Jane Gavan

60 2019 Independent Director

Margaret McKenzie

58 2014 Independent Director

Robert Robotti

66 2019 Independent Director

Myron Stadnyk

57 2018 Independent Director

Sheldon Steeves

66 2014 Independent Director

Grant Zawalsky

60 2014 Independent Director

Biographies

Name Description

James Estey

Mr. James M. Estey serves as Independent Chairman of the Board of the Company. Mr. Estey’s principal occupation is as a Corporate Director. Mr. Estey is the retired Chairman of UBS Securities Canada Inc., a financial services company, and has more than 30 years of experience in financial markets. Mr. Estey joined Alfred Bunting and Company as an institutional equity salesperson in 1980 after working at A.E. Ames & Co. for seven years. In 1994, Mr. Estey became the head of the Canadian Equities business, and in 2002 Mr. Estey was appointed President & Chief Executive Officer of UBS Securities Canada Inc. In January 2008, Mr. Estey assumed the role of Chairman of UBS Securities Canada Inc. Mr. Estey is a director and Chairman of Gibson Energy Inc., a Toronto Stock Exchange (“TSX”) listed oil and natural gas services company and a director of New Gold Inc., a mining company listed on the TSX and the New York Stock Exchange (“NYSE”). Mr. Estey also serves on the Advisory Board of the Edwards School of Business at the University of Saskatchewan.

Andrew Phillips

Mr. Andrew M. Phillips serves as President, Chief Executive Officer, Director of the Company. Mr. Phillips has over 20 years of experience in the oil and natural gas industry in the areas of exploration, geology, business development, asset evaluation and executive management. Prior to his appointment as President and Chief Executive Officer of the Company, Mr. Phillips was the President and Chief Executive Officer and a director of Home Quarter Resources Ltd., a private oil and natural gas company founded by Mr. Phillips in 2010 with producing properties and royalty interests in southwest Saskatchewan and Alberta. Home Quarter Resources Ltd. was successfully divested to a public oil and natural gas company in 2014. Prior thereto, Mr. Phillips was the Vice President, Exploration at Evolve Exploration Ltd., a private junior oil and natural gas company with assets in Western Canada, and an Exploration Geologist at Profico Energy Management Ltd. and at Renaissance Energy Ltd., both of which were Canadian oil and natural gas exploration companies. Mr. Phillips holds a Bachelor of Science, Geology degree from the University of Calgary and is a member of the Association of Professional Engineers and Geoscientists of Alberta. Mr. Phillips is a member of the Board of Directors of the Alberta Children’s Hospital Foundation.

Pamela Kazeil

Ms. Pamela Kazeil serves as Chief Financial Officer, Vice President - Finance of the Company. She has significant experience in the petroleum and natural gas industry managing finance, accounting, treasury and tax. Prior to joining the Company, Ms. Kazeil held the Chief Financial Officer position at Sinopec Canada. Ms. Kazeil's experience includes serving as Vice President, Finance of Daylight Energy Ltd. from 2008 to 2011, and prior thereto Ms. Kazeil held increasingly senior finance roles with Sword Energy Ltd. and its predecessor Thunder Energy Trust from 2004 to 2008, including as Vice President, Finance and Chief Financial Officer. Ms. Kazeil started her accounting career at KPMG LLP in 2001. Ms. Kazeil is a Chartered Professional Accountant and holds a Bachelor of Commerce degree from the University of Ottawa and a Bachelor of Education degree from the University of Saskatchewan. Ms. Kazeil is a member of the Board for the Wood’s Homes Society, a multiservice children’s mental health center.

Cameron Proctor

Mr. Cameron M. Proctor serves as Chief Operating Officer, Corporate Secretary of the Company. He has experience in the petroleum and natural gas industry managing several business units including legal, business development, regulatory, human resources, corporate governance, government and stakeholder relations, information technology and business services. From April 2014 to February 2015, Mr. Proctor was the Vice-President, Legal and Corporate Services of the Company. Prior to joining the Company, Mr. Proctor was the Executive Vice-President and Chief Legal Officer and a member of the board of directors of Sinopec Canada, working for Sinopec Canada and its predecessor companies since 2010, including as Vice President, General Counsel and Corporate Secretary of Daylight Energy Ltd. Prior thereto and since 2003, Mr. Proctor was a barrister and solicitor at Blake, Cassels & Graydon LLP, specializing in corporate, securities and mergers and acquisitions law. Mr. Proctor holds a Bachelor of Arts degree from the University of Victoria and a Bachelor of Laws from the University of Calgary. Mr. Proctor currently serves as a Governor of the Canadian Association of Petroleum Producers.

Matthew McMahon

Amber Vrataric

P. Jane Gavan

Ms. P. Jane Gavan serves as Independent Director of the Company. Ms. Gavan is President, Asset Management of Dream Unlimited Corp. ("Dream Unlimited"), having held increasingly senior positions since joining Dream's predecessor organization in 1998. Ms. Gavan also served as Chief Executive Officer of Dream Global Real Estate Investment Trust ("Dream Global"), a TSX listed real estate investment income trust ("REIT") prior to its acquisition by The Blackstone Group Inc. in December 2019, and previously served as Chief Executive Officer of Dream Office REIT. Ms. Gavan has more than 30 years of executive business and leadership experience across a number of industries, including acting as a senior legal advisor prior to joining Dream Global. Ms. Gavan earned an Honours Bachelor of Commerce degree from Carleton University and a Bachelor of Laws degree from Osgoode Hall, York University. Ms. Gavan currently sits on the board of directors of Dream Unlimited Corp., the Board of Trustees for Dream Office REIT, and is on the Patron's Council for Community Living Toronto.

Margaret McKenzie

Ms. Margaret A. McKenzie serves as Independent Director of the Company. Ms. McKenzie’s principal occupation is as a Corporate Director. Ms. McKenzie was formerly the Vice President, Finance and Chief Financial Officer of Range Royalty Limited Partnership and prior thereto was Vice President, Finance and Chief Financial Officer of Profico Energy Management Ltd. (a private oil and natural gas company). Ms. McKenzie holds a Bachelor of Commerce degree (with distinction) from the University of Saskatchewan and has been a member of the Institute of Chartered Accountants of Alberta since 1985. She obtained her ICD.D designation from the Institute of Corporate Directors in 2013. Ms. McKenzie is an experienced director and currently sits as a director of Ovintiv Inc. (a TSX and New York Stock Exchange ("NYSE") listed oil and natural gas company) and Inter Pipeline Ltd. (a TSX listed petroleum transportation, storage and natural gas liquids extraction company).

Robert Robotti

Mr. Robert Edward Robotti serves as Independent Director of the Company. Mr. Robotti is the founder and Chief Investment Officer of Robotti & Company Advisors, LLC, a U.S. registered investment advisor actively investing across world securities markets. Bob has been an investor in the oil and gas industry since the mid 1970's and as such has experience through many industry cycles. Mr. Robotti is currently Chair of Pulse Seismic Inc. (TSX: PSD), the leading seismic data library provider to the western Canadian energy sector owning over 16 million acres of propriety 3D data. Mr. Robotti is also a director of Panhandle Oil and Gas Inc., an Oklahoma City-based oil and natural gas mineral and royalty company listed on the NYSE, and a director of AMREP Corporation, a NYSE listed real estate business focused in New Mexico. Mr. Robotti received his Bachelor of Science in Business Administration from Bucknell University (Pennsylvania) in 1975 followed by an MBA in Accounting from Pace University (New York), where Bob currently serves as a Trustee of the University. Mr. Robotti is a member of the New York Society of Security Analysts.

Myron Stadnyk

Mr. Myron M. Stadnyk serves as Independent Director of the Company. Mr. Stadnyk is currently the President and a Director of ARC Resources Ltd. Prior to February 2020 when Mr. Stadnyk announced his pending retirement, he was the President and Chief Executive Officer of ARC Resources Ltd. since 2013. Mr. Stadnyk holds a Bachelor of Science in Mechanical Engineering from the University of Saskatchewan and is a graduate of the Harvard Business School Advanced Management Program. Mr. Stadnyk currently serves on the Board of Directors of STARS Ambulance and is a Governor of the Canadian Association of Petroleum Producers.

Sheldon Steeves

Mr. Sheldon B. Steeves serves as Independent Director of the Company. Mr. Steeves' principal occupation is as a Corporate Director. Mr. Steeves is a director of Enerplus Corporation and NuVista Energy Ltd., each of which is an oil and natural gas company listed on the TSX. From January 2001 until April 2012, Mr. Steeves was Chairman and Chief Executive Officer of Echoex Ltd., a private junior oil and natural gas company, and spent over 15 years at Renaissance Energy Ltd., a Canadian oil and natural gas exploration company, where he was appointed Chief Operating Officer & Executive Vice President in 1997. Mr. Steeves holds a Bachelor of Science degree in Geology from the University of Calgary and is a member of the Association of Professional Engineers and Geoscientists of Alberta, the Canadian Society of Petroleum Geologists and the American Association of Petroleum Geologists.

Grant Zawalsky

Mr. Grant A. Zawalsky serves as Independent Director of the Company. Mr. Zawalsky is the Managing Partner of Burnet, Duckworth & Palmer LLP (Barristers and Solicitors) where he has been a partner since 1994. Mr. Zawalsky holds a B.Comm and LL.B. from the University of Alberta and is a member of the Law Society of Alberta. Mr. Zawalsky is an experienced director and currently sits on the board of directors of NuVista Energy Ltd., Whitecap Resources Inc. and Zargon Oil & Gas Ltd., each of which is a TSX listed company.

Basic Compensation

Name Fiscal Year Total

James Estey

263,500

Andrew Phillips

4,206,000

Pamela Kazeil

1,635,000

Cameron Proctor

2,711,000

Matthew McMahon

407,900

Amber Vrataric

482,300

P. Jane Gavan

97,300

Margaret McKenzie

175,000

Robert Robotti

39,000

Myron Stadnyk

160,000

Sheldon Steeves

170,000

Grant Zawalsky

160,000
As Of  31 Dec 2019