Doug Olson Email & Phone Number

Calgary, Canada Area

As CFO, I directed and managed the corporate finance, financial reporting, budgeting, cash forecasting,taxation, insurance and treasury operations for an international oil and gas exploration and production company with operations in the UK, Argentina and Ireland. The company is publically listed in both Canada and the UK. Negotiated and closed a $30 million payment swap transaction combined with a three year Brent oil price commodity swap. Completed a $50 million equity financing including prospectus preparation and due diligence. Managed the financial aspects of the divesiture of the company's Argentina business. Lead the conversion of the company's financial reporting from Canadian GAAP to IFRS.

Calgary, Canada Area

Directed the corporate finance, financial reporting, and taxation operations for an international diversified energy services company generating over $2 billion in annual revenue and $300 million in cash flow. Provided leadership to fifteen corporate finance professionals and senior finance staff in four operating divisions.Managed key components of a $3.6 billion privatization of the income trust; advised sponsors on new debt financing, extinguished existing debt, managed due diligence, obtained U.S. credit ratings, provided independent business valuation support, and financial modelling and analysis.Restructured a $430 million credit facility which resulted in a $70 million increase in credit capacity, elimination of security and reduction of margins and bank fees.Negotiated and implemented a $270 million 144A U.S. private placement unsecured long term debt financing at favourable fixed interest rates with major insurance companies and pension funds resulting in lower borrowing costs.

Calgary, Canada Area

Managed the financial operations for a commercial business unit of an 8,000 megawatt international power generator including financial/management reporting, business modelling and analysis, transaction settlement and exposure management. Financial executive for TransAlta’s marketing subsidiary with $5 billion in annual revenue. Provided leadership to thirty professionals.Rationalized the finance organization resulting in improved alignment with the business, focus on core activities, strengthened processes and increased effectiveness.Directed the business modelling and analysis for multi-million dollar acquisition and greenfield opportunities in Canada and internationally.Initiated and implemented improved management reporting, forecasting, budgeting and developed key indicators for performance measurement. Centralized invoicing function improving management information and reducing credit exposure. Negotiated a multi-million dollar refinancing plan for a distressed customer, resulting in full recovery of accounts receivable.

Calgary, Canada Area

Managed the financial operations for business units generating up to $400 million in annual revenue from enhanced and conventional oil and gas operations and capital budgets up to $200 million. Directed accounting, management reporting, planning and analysis, land and joint interest administration for business unit operations. Provided leadership to twenty professionals.Coordinated five year business plans for operating and capital budget funding approvals by executives which authorized the Christina Lake SAGD and Weyburn CO2 projects.Rationalized assets resulting in property dispositions in three transactions totalling $250 million.Analyzed project financing alternatives and provided recommendations to executives for a $1 billion CO2 capital project.Experience also includes five years of progressive experience in treasury with cash management, debt financings, risk management, credit analysis and ratings; followed by three years in natural gas marketing with risk management, marketing accounting, credit, and acquisitions.

Calgary, Canada Area

Directed the financial operations of a publicly traded energy royalty trust with a market capitalization in excess of $2 billion and generating $240 million in annual cash flow. Provided leadership to a multi-disciplined group of sixteen staff who procured various administrative and marketing services for the trust.Renegotiated $480 million in bank credit facilities, reallocated credit within the syndicate lenders and maintained borrowing costs in an environment of rising demands from lenders.Analyzed and recommended financing alternatives for $1 billion capital expansion which resulted in optimized financial structure.Restructured a comprehensive insurance program in a diminished underwriting capacity market.Managed the financial complexities of the merger with Athabasca Oil Sands Trust.

Cfa

Ca

B.Comm., Accounting & Finance

Cpa,Ca