We are a successful and creative private company that has invested in the Canadian oil and gas industry for the past 42 years through direct joint venture investments. Over the last 5 years we have diversified into power generation, environmental pursuits and large dollar transactions.
With a conservative business approach, we have delivered consistent performance through numerous business cycles. We are focused on operating well within our cash flow capability and currently (and for most of the last 42 years) have no debt.
Our management team has extensive industry knowledge with an excellent track record of value creation. We bring hundreds of years of project management, engineering and operations experience to the table.
Behind the Fence Generation (BTF) / Cogeneration
Projects expect 25% to 50% savings off delivered power costs.
As Alberta aggressively purses similar policies seen in leading green jurisdictions such as Ontario and California, power costs are similarly expected to escalate rapidly. In the alternative, Signalta is a completely contained developer of behind the fence generation and provides protection from these escalating costs.
What we do:
Design, permit, finance, construct, acquire, commission, own, operate, optimize, and joint venture
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• A completely different approach
- Innovative, aligned, entrepreneurial
• Joint venture to build, own and operate
- Base yield and cogen for:
- 50/50 profit share on peaking revenues
- Transparent, incentivized, aligned
• No capital requirement
- Signalta provides 100% of the required equity
- Option for the Host to invest if interested (further alignment)
• 12 month lead time
- Regulatory requirements/all permitting
- Equipment design and procurement
- Create maximum capital certainty
• 5 year commitment
• Options for on grid or off grid connection
• No fault divorce
- If required and to ensure alignment
We have operated in the oil and gas industry for 42 years, having drilled thousands of wells and been involved in thousands of industry related operations. We have significant experience in building, owning and operating major oil and gas producing facilities within Alberta.
Operational and investment overview:
›Investments placed in the last 18 months: $73 mm
›Total historic investments placed (40 years): $1.2 bn
›Total historic cash flow returned to investors: $2.2 bn
In addition to our oil and gas experience our diversification includes partnerships with Terra-Sano and Terminis, which were created to overcome inefficiencies in abandonment, reclamation and remediation.
We then applied our innovative business approach to the power industry. We own and operate multiple revenue generating natural gas fired generation facilities. In addition to this, we also own and are constructing multiple co-generation facilities for several industrial clients.
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OUR professional TEAM
ROB CHAD B.SC., P.ENG., MSM
President, Director and C.O.O.: Mr. Chad obtained a B.Sc. (Honours) in Chemical Engineering from Queen’s University in 1982. He is a professional engineer registered with the Association of Professional Engineers and Geoscientists of Alberta (APEGA). Mr. Chad also received a Masters in the Science of Management (Honours) from the Massachusetts Institute of Technology in 1985.
HOWARD SORENSEN, BSC., P.ENG.
Director, Chairman and C.E.O.: Mr. Sorensen graduated from the University of Alberta in 1970 with a B.Sc. in Chemical Engineering. He has 45 years of industry experience, joining Signalta in 1978. In early 1985 Mr. Sorensen assumed the position of President and in 1991 became the Chairman.
JOHN STUECK, B.SC., P.ENG.
Chief Engineer: Production, Operations & Facilities. Mr. Stueck graduated from the University of Saskatchewan in 1974 with a B.Sc. in Chemical Engineering. He was associated with the Hudson Bay Oil & Gas Company for 7 years prior to joining Signalta in 1981, for a total of 41 years of oil & gas experience.
GREG LOUGHLIN, B.SC., P. GEO.
Geologist: Mr. Loughlin graduated from University of Alberta in 1978 with a B.Sc. in Geology. He has been associated with several oil & gas companies over the last 37 years including Keir, Erskine and Ulster. Mr. Loughlin joined Signalta in 1994.
BARRY G. MARTIN, B.SC., P. ENG.
Advisor, Special Projects Consultant: Mr. Martin graduated from the University of Alberta in 1971 with a B.Sc. in Metallurgical Engineering. He has been associated with both service and production companies, including spending 26 years at PanCanadian for a total of 43 years of industry experience. Mr. Martin joined Signalta in 2000.
DON BURWASH, B.COMM., CMA, FCMA
Director of Finance, Consultant: Mr. Burwash received his Bachelor of Commerce in 1976 from the University of Manitoba. He then went on to receive his Certified Management Accountant designation in 1984 and received his Fellow Certified Management Accountant in 2012. He has been associated with various oil & gas companies over the last 31 years and joined Signalta in 2008.
JOHN K. (KIM) REID, LL.B.
Mr. Reid graduated from the University of Manitoba in 1978 with a Bachelor of Laws degree (Dean’s Honour List). He joined Signalta as General Counsel in 2005. From 1992 to 2005, he co-founded and was a partner in the law firm of Tingle, Reid and Olson. Prior to that he was a partner in the law firm of Atkinson McMahon with a practice focused on securities and commercial law. He has lectured at the Alberta Bar Admission course on various aspects of business and commercial law and has been a guest lecturer at the University of Calgary Law School’s Business Associations course.
ROB WONNACOTT, B.SC., P.ENG., MBA
Mr. Wonnacott's career began as a Professional Engineer at Amoco Canada Petroleum Company after earning an Engineering degree at Queen’s University. Following his MBA from the University of Western Ontario, Rob began his investment banking career in Toronto before moving back to Alberta in 1994 with BMO Nesbitt Burns. His strategic advisory roles have included some of the energy sector’s largest corporations to smaller entrepreneurial firms. Mr. Wonnacott currently sits on a number of private company Boards and is the principal of NVB Financial Corp.
Power generation facility dispatch and commercial optimization services.
Experienced full-service earthworks, reclamation and environmental consulting team.
Providing cost effective project based downhole abandonments.
IN the news
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