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Web Site: http://www.canopetro.com
801 Cherry Street
The Burnett Plaza
Fort Worth, TX 76102
United States - Map
Phone: 817-698-0900
Fax: 817-698-0796
INVESTOR RELATIONS AND MEDIA CONTACT
John Homier
Tel: (214) 687-0030
Email: <john@canopetro.com>
DETAILS
Index Membership: N/A
Sector: Basic Materials
Industry: Oil & Gas Drilling & Exploration
Full Time Employees: 114
BUSINESS SUMMARY
Cano Petroleum, Inc., together with its subsidiaries, operates as an independent oil and natural gas company in the United States.
Cano Petroleum has interests in the Davenport properties located in Lincoln County, Oklahoma; the Nowata properties consisting approximately 220 wells; the Desdemona properties covering 11,068 acres located in central Texas; the Corsicana properties that covers 341 acres; the Panhandle properties located in Carson, Gray, and Hutchinson counties, Texas; and the Pantwist properties comprising 167 wells and 2 workover rigs covering approximately 9,700 acres in the Panhandle field.
The company also holds interest in oil and gas properties in the Permian Basin covering 20,000 acres and three fields in Chavez and Roosevelt Counties, New Mexico. As of June 30, 2007,
Cano Petroleum had proved reserves of 66,720 million barrels of oil equivalent (MBOE), of which 8,454 MBOE were proved producing, 2,843 MBOE were proved non-producing, and 55,423 MBOE were proved undeveloped reserves.
The company was founded in 2004 and is based in Fort Worth, Texas.
KEY EXECUTIVES:
CEO: Jim Latimer , Chief Executive Officer and Director. Effective February 10, 2011, Mr. Latimer was appointed Chief Executive Officer. In addition to serving as a Managing Director of Blackhill Partners LLC, Mr. Latimer has headed Explore Horizons, Incorporated, a privately held exploration and production company based in Dallas, Texas since 1993. Previously, Mr. Latimer was co-head of the regional office of what is now Prudential Financial, Inc. Mr. Latimer's prior experience includes senior executive positions with several private energy companies, consulting with the firm of McKinsey & Co. and service as an officer in the United States Army Signal Corps.
CFO: John H. Homier, Chief Financial Officer and Secretary
Mr. Homier has over 30 years experience in finance, investment evaluation, and engineering. He is currently a Managing Director of J. H. Homier and Associates. Previously, he served as President and Chief Executive Officer of a Business Development Company focused on upstream oil and gas investments. He also developed and managed oil and gas investment programs for Continental Bank, Bank of America, and Deutsche Bank. Early in his career, he worked as a petroleum engineer with Exxon U.S.A. and served in the Civil Engineer Corps of the U.S. Navy. He holds registrations in petroleum and civil engineering and is a CFA charterholder.
Exec Dir: Jayme Wollison, Executive Director of Operations
As the Executive Director of Operations for Cano Petroleum, Mr. Wollison brings over 35 years of oil and gas experience to his position. He is responsible for the operations at Cano's properties located in Oklahoma, Texas and New Mexico. Prior to working for Cano Petroleum, Mr. Wollison had responsibilities in various areas of the oil and gas industry, to include many years as a Production Superintendent with extensive drilling, waterflood, well service and facility experience, mainly in the Mid Continent region. Mr. Wollison has also owned and managed several independent well servicing and oil and gas companies in Oklahoma.
CFW stock quote: - Cano Petroleum, Inc.
www.nasdaq.com/symbol/cfw
