Ceb Resources Share Discussion Threads

[dlg3] 06/11/2015 23:45

Vice - President Heavy Oil and Gas Husky Oil Operations
Reporting to the Chief Executive Officer, this senior executive position was responsible for
field operations, exploration, production and reservoir engineering, acquisitions and
divestitures, drilling, workovers and overall budget control and accounting functions of the
largest of Husky's three business units. This unit comprised steamfloods, waterfloods and
conventional production representing over half of Husky's total annual production with a staff
of 450 field and office personnel and an asset value of $C 1.5 billion.
Major Accomplishments:
 Major re-engineering of the business unit returning it to profitability
 Decreasing Opex from $6.52/bbl to $4.97/bbl in 12 months with a 14% production
increase.

[dlg3] 06/11/2015 23:44

Project Director - N. Sumatra Gas Project: Gulf Indonesia Resources Ltd
Leading a multi-discipline team of production and facility engineers, gas marketers and geoscientists,
I developed the conceptual plan for a 200 million standard ft3
per day gas project
delivering gas from three fields in North Sumatra, Indonesia to the nearby Arun LNG facility.
The team was responsible for marketing the gas to Japan, project design and cost estimation,
preparation of bid documentation as well as exploration and delineation activities in the
region. The project was deferred in response to security concerns in the region
Major Accomplishments
 Government approval for the US$ 500 million development was received in Feb 1997.

[dlg3] 06/11/2015 23:43

Managing Director Gulf (Australia) Resources Ltd
The Managing Director role was a senior executive position reporting to the Chief Executive
Officer of Gulf Canada Resources. I assumed the position following Gulf's acquisition of
Clyde Resources, responsible for all functions of the 12th largest producer of oil and gas in
Australia with assets in the Timor Sea and the Cooper Basin with a value in excess of $250
million. Through a series of non-core divestitures, I was able to fund the acquisition of BHP's
interest in the Timor Sea giving Gulf operatorship of key infrastructure in the region and
control over the basin. In 1998, Gulf reduced worldwide exposure and divested the Australian
assets.
Major Accomplishments
 Increased production from 3,500 BOE/D in 1997 to 16,400 BOE/D in 1998

[dlg3] 06/11/2015 23:43

Vice President - Corporate Development; Gulf Indonesia Resources Ltd
Reporting to the President, responsible for strategic planning, economic modelling, mergers
and acquisitions, investor relations and gas marketing. Utilising key contacts within the
government and Pertamina was able to ensure Gulf's gas projects proceeded to closure and
new opportunities were identified.
Major Accomplishments
 Commercial closure of two international gas contracts of 2.5 trillion ft3
.

[dlg3] 06/11/2015 23:42

Defence Advisor to the Board Gulf Indonesia Resources Ltd
Reporting to the Chairman of the Board, responsible for the evaluation of the company's
assets in anticipation of a bid by the majority shareholder, Conoco and to conceive and
implement a new strategic direction to optimise the net asset value of the company and to
lead the negotiations.
Major Accomplishments
 Successfully closed negotiations in July 2002 at a 62 % share price premium

[dlg3] 06/11/2015 23:42

Project Director – West Java Gas ConocoPhillips Indonesia Ltd
Reporting to the President of ConocoPhillips Indonesia, leading a team of Indonesian and
expatriate technical and commercial experts to monetise 2.4 trillion ft3 of gas from COPI’s
South Sumatra concessions to industrial and power customers in Jakarta and West Java
through a newly built 660 km pipeline. A new 400 million standard ft3
per day gas plant
replaced imported diesel as the preferred fuel in West Java. The total investment in this
project exceeded US$ 1 billion

Major Accomplishments
 Gas sales Heads of Agreement signed in July 2003, 18 weeks from kick-off
 Gas Sales Agreement signed on 09 Aug 2004, first gas targeted for 01 Dec 2008

[dlg3] 06/11/2015 23:41

Managing Director Nido Petroleum
Joining the company in August 2004, built an asset base focusing on the NW Palawan basin
in the Philippines. Nido is presently an oil producer from two fields with a third one under
development. The crown jewel of the company the exploration portfolio from its large
contiguous land position in the Palawan basin. Nido has systematically acquired 2D and 3D
seismic which has generated a drillable portfolio of 60+ wells with mean oil in place estimates
in excess of 8 billion barrels. Nido retains the majority share of this opportunity.
Major Accomplishments
 Share price increased from 1.6 cents in 2004 to 60 cents in May 2008
 Market capitalization grew from $A 5.7 million to greater than $600 million
 Galoc on production generating $US 50 million per year net to Nido Petroleum
 Acquired control over the NW Palawan basin exploration generating 80+ leads

[dlg3] 06/11/2015 23:41

Lead Negoitator – Suban Gas Unit Pertamina EP
The Suban gas field in South Sumatra is the biggest onshore gas field in the country and is
presently producing approx 1 BCFD to markets in Singapore, C. Sumatra and W. Java.
Suban has approx 8.4 TCF of sales gas and straddles the Corridor Block, operated by
ConocoPhillips(COPI) and acreage owned by Pertamina EP. The operator inadvertently
developed the field without finalizing the unit with Pertamina EP. Negotiations have been ongoing
for 5 years with no resolution. Pertamina sought assistance to finalize the unit
negotiations with COPI.
Major Accomplishments
 The unit was successfully negotiated in 12 months,
 PEP share of the Suban gas field increased from 3.0% to 8.4%
 The impact to PEP was substantial, adding 10,000+boepd, annual revenue of $200m

[dlg3] 06/11/2015 23:34

Dave Whitby


II Work History
Jan 2009 to Feb 2010 LEAD NEGOTIATOR – SUBAN GAS UNIT
Pertamina EP. Jakarta, Indonesia
Feb 2008 to Present NON-EXECUTIVE DIRECTOR
Nido Petroleum; Perth Australi
Aug 2004 to Feb 2008 MANAGING DIRECTOR
Nido Petroleum; Perth, Australia
Feb 2003 to Aug 2004 PROJECT DIRECTOR – WEST JAVA GAS
ConocoPhillips Indonesia; Jakarta, Indonesia
Jun 2001 to Oct 2002 DEFENCE ADVISOR TO THE BOARD
Gulf Indonesia Resources; Jakarta,, Indonesia
Nov 1999 - Mar 2001 VICE-PRESIDENT CORP. DEVELOPMENT
Gulf Indonesia Ltd; Jakarta, Indonesia
Apr 1997 - Nov 1999 MANAGING DIRECTOR
Gulf (Australia) Resources Ltd, Perth, Australia
Apr 1995 - Apr 1997 PROJECT DIRECTOR - N. SUMATRA GAS
Gulf Indonesia Ltd; Jakarta, Indonesia
Feb 1994 - Apr 1995 VICE PRESIDENT - HEAVY OIL and GAS
Husky Oil Operations; Calgary, Canada

Jul 1990 - Jan 1994 MANAGER – GAS STRATEGY
Gulf Indonesia Ltd; Jakarta, Indonesia
Oct 1988 - Jun 1990 MANAGER - RESERVOIR ENGINEERING
Husky Oil Operations; Calgary, Canada
Jun 1984 - Oct 1988 SUPERVISOR - RESERVOIR ENGINEERING
Husky Oil Operations; Calgary, Canada
Oct 1982 - Jun 1984 PRODUCTION ENGINEER – FIREFLOOD
Husky Oil Operations: Lloydminster, Canada

May 1981 - Oct 1982 OPERATIONS ENGINEER
Husky Oil Operations; Lloydminster, Canada
May 1977 - May 1981 COMMISSIONED OFFICER (Captain)
Canadian Military Engineers; Calgary, Canada

[dlg3] 06/11/2015 23:00

April 16, 2015 12:53 p.m. ET
2 COMMENTS
JAKARTA—The fate of Indonesia’s largest gas field is providing a stern test of the country’s openness to foreign investment under new President Joko Widodo, while threatening billions of dollars of potential spending by major oil companies from France and Japan on its struggling resources sector.

Mr. Widodo’s administration last month said it would turn over the giant Mahakam field off the east coast of Borneo to state-owned Pertamina, when the government’s contract with France’s Total SA and Japan’s Inpex Corp.—who currently have equal stakes in the project—expires at the end of 2017.

[dlg3] 06/11/2015 22:36

David Whitby, B.Eng (Executive Director)

David Whitby (age 60) is a bachelor of Mechanical Engineering from the Royal Military College in Canada. Previously he has been lead negotiator of the Subangas unitization for Pertamina adding in excess of 10,000 boed and US$200m in annual revenue.

Project Director of West Java gas for ConocoPhillips Indonesia Ltd a US$1bn project monetising 2.5 Tcf gas.

Project Director for Caltex gas sales, Gulf Indonesia Resources Ltd where he managed the creation of the first major domestic gas infrastructure in Indonesia.

Vice President, Corporate Development, Gulf Indonesia Ltd where he closed two international gas contracts of 3.5 Tcf. Defence advisor to the Board, Gulf Indonesia Resources Ltd where he closed a 62% premium to pre-bid value.

Managing Director Gulf (Australia) Resources Ltd increasing production from 3,500 to 16,400 boed within 18 months.

Managing Director, ASX listed Nido Petroleum Ltd increasing the company market capitalization from AUD$1.7m to AUD$600m over a 4 year period and recently Vice President, Heavy Oil and Gas, Husky Oil Operations returning this business to profitability by cutting OPEX and increasing production

[dlg3] 06/11/2015 22:18

PERTH, Australia, February 14 /PRNewswire/ --
Nido Petroleum is pleased to announce its restructured Board that comprises one of the most experienced, skilled and successful group of executives in the Australian oil and gas industry today.
Stepping down from the role of Managing Director and into the position of Chairman, Dave Whitby can be proud of his achievements as the architect behind Nido's success. Since joining the Company in September 2004, he has established Nido as a company of substance. Nido has inarguably become one of the most significant oil and gas companies in the Philippines under his leadership.
It is not every day that a company has the opportunity to assemble the very best but this is exactly the position Nido now has found itself in. The Nido success story has fascinated industry professionals and the Company can now announce what can only be described as a world class, internationally focused and experienced oil and gas Board.

[tidy 2] 31/10/2015 17:12

RE: Renamed CEB will be a major CompanyMore on the PTAG agreement. Remember DW is credited with being the driving force behind the gas industry in Indonesia."Under the terms of the agreement CEB and PTAG will undertake a technical evaluation of the gas production potential of the Tuba Obi East Technical Assistance Contract (TAC), along with surrounding undeveloped gas discoveries to provide a detailed assessment of potential opportunities in the region.Key features of the TAC identified during the initial screening and evaluation process include:Multiple oil and gas discoveries within the block;Ongoing oil production via existing facilities;Gas productivity tested, yet undeveloped, in two different reservoir zones;Exploration prospects and leads within the TAC; andAdditional undeveloped gas tested in multiple discoveries adjacent to the TAC.

[tidy 2] 31/10/2015 17:06

Renamed CEB will be a major CompanyCEB Resources has agreed with PT Akar Golindo (PTAG) to assess the technical and commercial prospects for gas production in Indonesia creating a beach head into the the country's gas and power marketsUnder the terms of the agreement CEB and PTAG will undertake a technical evaluation in and around the Tuba Obi East oil and gas concession in the South Sumatran Basin.They will investigate the potential to sell the gas directly to the Singapore market, via the major transmission gas pipeline, about 12 kilometres away.Alternatively there is the opportunity to monetise the gas via the construction and operation of an independent power plant, selling electricity into the Sumatran power grid.Isle of Man-registered CEB said that a Sumatran gas project secured a long-term gas sales contract at $9.45 per Million British Thermal Units (MMBTU), which is amongst the highest gas prices in the world.Demand for electricity continues to rise sharply with the country's electricity provider PLN setting the ambitious goal of increasing supply by some 35,000 MW over the next four years. With only 9,000MW having been firmed up thus far, CEB believes investment in this sector is particularly attractive.Managing Director David Whitby, said: "The Tuba Obi East study agreement is instrumental in the realisation of our long-term strategy, representing a beach head into the attractive Indonesian gas and power markets. This initiative complements our oil studies which are progressing very well.Source ; https://www.energyvoice.com/oilandgas/86591/ceb-resources-creates-beach-head-to-indonesian-gas-and-power-markets/

[tidy 2] 30/10/2015 13:51

Oldgasbag LSE received E MailWell I'm happy.... rather be in than out....Hi ..., thanks for the email, I enjoy this part of the job the best in educating the shareholder base. Yes, we will be releasing RNS's periodically when material milestones are met as we are under the same disclosure rules now as we would be when trading. When we come back on trading, the company will present a new brand. Should be fun. Cheers Dave

[tidy 2] 30/10/2015 13:33

He defo fits the textbook definition of attention seeking behaviour.

[scott1000] 30/10/2015 11:23

TW is a foul mouthed classist low life!! IMHO haha

[rodrod1] 29/10/2015 22:56

I do think we will indeed get news of a deal or 2.

However it will likely be in the New Year before listing documents can be posted etc. There will be a new company name along with the listing. January at the earliest is my GUESS.

[nesty1760] 29/10/2015 22:42

I might be speculating here. Though if DW has been working on these 6 months prior. The podcast last week (including the Eton comment). The massive buying. All sounds like could be a done deal & news within 2 weeks?

[nesty1760] 29/10/2015 22:39

Really; could be outta suspension quicker then expected!

[tidy 2] 29/10/2015 22:22

He said the deals about tba have been worked on for 6 months.

[citytrader007] 29/10/2015 18:36

I'm sure, no disrespect, any serious investor would rather ask themselves ...