Interim Chief Executive Officer, Chairman of the Board
Aleksandr Blyumkin, co-Founder and chairman of Petroteq Energy Inc., has a wide range of experience in the energy industry. After achieving significant success in downstream operations on several energy projects in Azerbaijan, Ukraine and the U.S., he recognized a worldwide need for a safe, environment-friendly oil sands extraction technology. After many years of technology research, Alex and his team discovered the origins of what is now Petroteq’s groundbreaking extraction technology. With his vision in seeing the tremendous potential of a safe oil sands extraction technology, he was the key figure in providing significant funding to further develop Petroteq’s extraction technology. After four years of improvements and enhancements to create today’s version of Petroteq extraction technology, it is now being deployed on the Company’s lease location in Asphalt Ridge, Utah. Blyumkin has now focused his interests in oil sands lease development opportunities in the U.S.
Based at the Company's offices in Los Angeles, California, Mr. Blyumkin is currently involved in acquiring additional oil sands leases in Utah for the Company's resource portfolio, with a keen interest in lease development with long-term revenue stream potential. He will play an instrumental role in deploying Petroteq's proprietary oil sands technology for licensing and joint venture opportunities, as well as devising an operational plan for Petroteq’s oil production. Blyumkin acts as a liaison between Petroteq's operational personnel, its geologic team and its environmental consultants through the various permit stages prior to coming on-stream with Petroteq’s growing Utah oil production in the future.
Vladimir Podlipskiy, PhD
Chief Technology Officer
Mr. Podlipskiy has extensive experiences as a researcher in many senior science disciplines, involved in oil extraction technologies, car care, household consumer and cosmetic products and research into mould remediation products, all with a focus on the utilization of benign solvents/solutions. Previously, he held research appointments in new product development for EMD Biosciences, Inc., (Merck KgaA, Darnstadt, Germany), and worked as Chief Chemist in Research & Development for Nanotech, Inc., Los Angeles, CA, and as Chief Chemist for Premier Chemical, Compton, CA. He is a former Premier Chemical Scientist at UCLA's Department of Chemistry. Mr. Podlipskiy owns patents for innovative fuel additives and car care products and has authored several papers involving fuel re-formulator products and mould remediation. He is currently involved in research and development of new petroleum industry products, systems and technologies.
Mr. Podlipskiy is the principal research scientist responsible for the development of Petroteq Energy Inc.'s technologies used in its various oil extraction programs in Utah, and has recently finalized all fabrication/assembly details for the company's first oil sands extraction plant to be installed at Asphalt Ridge, Utah. He has worked extensively with a variety of suppliers from the U.S. and Eastern Europe in the planning and design stages of the extraction unit's systems. He holds a PhD Degree in Bio-Organic Chemistry from the Institute of Bio-Organic Chemistry & Petroleum Chemistry, Kiev, Ukraine, and a Degree in MS-Organic Chemistry from the Department of Chemistry, Kiev State University, Kiev, Ukraine.
George T. Stapleton, II
Chief Operating Officer
Mr. Stapleton brings over forty years of experience in all aspects of design, construction, fabrication and project management for onshore and offshore plant and energy infrastructure related projects. Mr. Stapleton spent over 20 years of his career with McDermott, Inc., a premier international engineering, construction and procurement firm. Most recently he held the position of Senior Director for fabrication operations for McDermott, Inc. in North, Central and South America.
Donald Clark, Ph.D.
Donald Clark utilizes his knowledge of geological resource assessments to assist Petroteq in its oil sands leases and future resource property acquisitions. He also provides counsel on reviewing hydrocarbon reserves and resource reports, feasibility studies and NI 43-101 reports. Dr. Clark develops financial models and analyzes commodity price fluctuations, as well as operational and transportation costs of oil and natural gas leases.
Dr. Clark has extensive experience in the geological sciences which includes teaching both graduate and undergraduate courses in geology; consulting; publishing and research. Dr. Clark has made many professional conference presentations to a wide variety of organizations including the Geological Society of America, the American Association of Petroleum Geologists and the Geological Society of London. He is recognized among his peers for authoring or co-authoring a variety of resource topics in many professional publications, including "Hydrocarbon Potential of the Mesozoic Carbonates of the Bahamas," and "Searching for Natural Gas in the Beekmantown Group Carbonates of Eastern New York State." Dr. Clark holds a Ph.D. in Earth and Environmental Science (City University of New York), a Master of Arts in Environmental Science (City University of New York College of Staten Island) and A Bachelor of Science in Geology (State University of New York at Brockport).
Dr. Clark is a member of the American Association of Petroleum Geologists (AAPG) and the Society for Sedimentary Geology (SEPM).
Chief Financial Officer
With a high level of experience in taking start-up companies to the next level, Mark Korb has over 20 years experience with high growth companies. He serves as the CFO or Financial Consultant for several companies, including Caldera Pharmaceuticals, a drug discovery and services company. Other represented companies include Fluid Spirit Holdings, LLC, a brand development and events coordinating company; First South Africa Management Corp., a small cap private equity and financial consulting firm. Mr. Korb also serves as the financial consultant to Propel Technologies, an oil and gas services company.
From 2007 to 2009, he was the Group Chief Financial Officer and Director of Foodcorp, a multi-million dollar consumer goods company based in South Africa. He delivered operational and strategic leadership during a period of change including mergers, acquisitions and organic growth. As a Board Director, Mr. Korb cultivated relationships with shareholders, bond holders, financial institutions and auditors. He was also responsible for leading this group's IT strategies. From 2001 to 2007, Mr. Korb was the Group Chief Financial Officer of First Lifestyle, initially a public company trading on the Johannesburg Stock Exchange which was purchased by his management group. Mr. Korb eventually led to process of merging the two companies, when First Lifestyle was sold to Foodcorp.