David Phung, P. Eng., Cfa Email & Phone Number

Calgary, Alberta, Canada

Calgary, Alberta, Canada

- go-public transaction at an enterprise value of US$950 million- concurrent US$300 million refinancing- concurrently obtained C$50 million in a revolving bank line from BMO

Calgary, Alberta, Canada

- Restart of Hangingstone Demo production to ~4,000 bbls/d in April 2021- Raised US$312.5 Million US Corporate Bonds in August 2021- Closed acquisition of Japan Canada Oil Sands (JACOS) in September 2021- Proforma production ~21,000 bbls/d

Calgary

Provided insolvency, bankruptcy and restructuring consulting services, as well as corporate finance advisory to the management team and board at Greenfire Oil and Gas Ltd. Successfully sold the asset to a new group of international investors and was retained as CFO in a recapitalized entity.

Calgary, Alberta, Canada

Navitas is a direct lending fund that focused on providing alternative financing solutions to the Canadian energy sector.

Calgary, Canada Area

Fractal Energy is a start-up oil and gas company backed by private equity firm ARC Financial. Fractal endeavors to consolidate and create non-operated working interests in Western Canada, through a combination of acquisitions, joint ventures, bespoke transactions and Penalty Shot Capital.Assumed the responsibilities of the outgoing VP Finance and in.

Calgary, Canada Area

• In a high visibility opportunity at a global investment bank as a lead publishing Research Analyst, I led the effort to build sell-side equity research coverage with a total of 24 companies, including a focus on.
• Built strong relationships with buy-side investors, portfolio managers, corporate executives and management teams at various oil and gas companies, as well as internal members of the sales/trading desk, leading to.
• Demonstrated ability to collaborate and leverage a global platform to publish differentiated research product with a global perspective, including marquee global LNG and Western Canadian natural gas “Connection Series”.
• Conducted competitive analysis of companies within the coverage space, including cost structure, capital efficiency, and appropriate investment return metrics
• Leveraged industry engineering and operations knowledge to generate investment ideas based on fundamental analysis, valuation, industry trends and the identification of market inefficiencies
• Pinpointed inconsistencies and irregularities in oil and gas reserve reports, as well as detailed analysis of financial statements and public disclosure documents that led to early and successful investment.

Calgary, Canada Area

• After seven years at Talisman Energy, I made the difficult decision to leave numerous colleagues and friendships that had been cultivated, in order to pursue my interest in capital markets and continue my career.
• Completed the majority of published material for two research analysts across a 20+ company coverage universe
• Initiated investment research reports that incorporated fundamental research
• Communicated pertinent and time sensitive information to the sales and trading desk
• Developed and maintained detailed company financial models, as well as industry databases

Calgary, Canada Area

• In moving to the North American Strategy and Planning group, I initiated my career transition to a commercial focus, from engineering. Here, I analyzed and optimized the North American portfolio of oil and gas assets.
• Owned the capital approvals process, including reviewing and ensuring consistent calculation of project economics to increase management’s confidence of investment decisions
• Modeled and valued portfolios, including sensitivity to commodity prices, asset dispositions, as well as magnitude and pace of capital expenditures to generate investment scenarios
• Assisted in economic tests that determined asset impairments, which identified potential negative capital market impacts ahead of financial reporting
• Conducted regular fiscal year budgets and forecasts for the aggregated North American portfolio of assets that totaled approximately 160,000 boe/d
• Generated ad-hoc reports for senior management review and contributed to investor presentations, as well as quarterly financial reporting materials

Calgary, Canada Area

• Taking my career from a hands-on perspective in the field to the single asset level, I joined the Southeast Saskatchewan Bakken group as an exploitation engineer and collaborated in a multidisciplinary team including.
• Conducted economic evaluations and provided business recommendations for land sales, poolings, well drills, recompletions and optimizations, facility projects and greater area midstream business development
• Coordinated facilities team with field operations for equipment design and construction
• Completed oil and gas reserves estimations using decline analysis and forecasted production, capital and cash flow for annual budgeting and planning

Warburg, Alberta, Canada

• Building upon a series of successful engineering internships at Talisman Energy, from 2001 to 2003, via the cooperative work program at the University of Alberta, I was hired as a full time operations engineer. With a.
• Fostered excellent rapport and working relationships with field operations personnel that led to a high performing team environment with mutual trust and respect
• Managed and rationalized annual capital budgets exceeding $10 million that spanned from early to late asset life projects, including oil and gas well production optimization via artificial lift, secondary recovery.
• Served as the technical authority and administrator of the management of change process to ensure projects met safety standards and was both practical and functional for operations
• Reviewed, evaluated and modified operational systems to bring the field into compliance with Alberta Energy Regulator requirements

• Broadened skill set with operational business experience as an owner and operator of a Videoself franchise, and obtained an invaluable education as the Master Franchisor in the Province of Alberta.
• Learned the importance of a capable and trustworthy management team in any successful venture, partnership or investment
• Exceeded target sales numbers and growth projections through cost effective marketing
• Recruited and screened potential franchisees by running tradeshows and developing marketing materials
• Gathered and analyzed demographic data to determine lease locations
• Negotiated lease terms, franchise agreements and other business contracts

Finance

CFA Charterholder

Bachelor Of Science - Bs, Chemical Engineering, With Distinction