January 15, 2018
Ikkuma Resources Corp. announced today that John Van de Pol has joined the corporation’s executive team as Senior Vice President and Chief Financial Officer.
The company press release states that “John is a well-known professional amongst Calgary’s energy companies and brings a wealth of experience to the team.”
During the transition period, Kim Benders acted as Interim CFO.
“Ikkuma wishes to thank Ms. Benders for her extra effort on behalf of Ikkuma during the fourth quarter,” states the press release, adding that Benders “remains on the executive team as Corporate Controller following John’s appointment.”
As a result of the recently completed transformational foothills acquisition, Ikkuma’s production has tripled from 5,707 BOE/d (97 per cent natural gas, 3 per cent oil & liquids) in the third quarter of 2017 to an estimate of 18,000-19,500 BOE/d (97 per cent natural gas, 3 per cent oil & liquids) for the first quarter of 2018.
Ikkuma plans to build a portfolio of energy derivatives and has commenced a forward sell of 33 per cent of its sulphur in the form of costless collars at $US60 – $US100/tonne for 2018. Other derivatives are contemplated. As Ikkuma continues to focus on operating cost reductions and field optimization, several non-core asset divestitures are anticipated in 2018.
(Ikkuma Resources Corp.)