Mr. Sedun was a Founding Shareholder and Director of the merged entity Rodeo Capital II, which acquired Shona Energy, and assisted with the initial going-public transaction of Shona Energy by raising $32 million in September 2011. Shona subsequently merged with Canacol Energy (TSX:CNE) in a $140 million transaction in December 2012. Shona was an international oil and gas exploration and production company focused in Colombia and Peru. Prior to its acquisition by Canacol, Shona had 95 billion cubic feet (15.8mm boe) of 2P natural gas reserves and operated 14 million cubic feet per day (2,300 boepd) of production from the Esperanza E&P contract in Colombia.
Canacol Energy Ltd.
Eighth Avenue Place
4500, 525 – Eighth Avenue South West
Mr. Sedun is a Director and the lead financier of Cold Bore Technology (“Cold Bore”), which recently completed a C$5 million Series A private equity financing. Cold Bore gives oil and gas operators a ground-breaking real time window into their surface, and subsurface operations via a 100% non-intrusive acoustic receiving system. Using Cold Bore’s Sonic Completions Analytics, system operators are able to track, monitor, and confirm events both on the surface, and downhole in real time for the first time ever. Cold Bore is a private company based in Calgary, Canada.
Mr. Sedun is a Director and significant early stage investor in the Company’s first $2 million private equity financing. Empower Environmental Solutions Ltd. (“Empower”) has developed a proprietary process-technology for the recycling of asphalt shingles and the extraction and recovery of asphalt cement, fiberglass/felt and mineral aggregates to be sold and used in the asphalt pavement, shingle manufacturing, construction products and other industrial applications. Empower is a private company based in Vancouver, Canada.
Mr. Sedun is a founding Director and shareholder of Current Power & Gas (“Current”), a private energy provider participating in the growing deregulated energy business in the United States. Mr. Sedun helped finance the first Series A $2 million private equity financing.