OIL & GAS INDUSTRY EXPERIENCE

 

Royal Petroleum Properties, Inc.                                                             1978-1982

The Leader Building, Cleveland, Ohio

                    

President

                                                                                                                                 

Co-founded the company in 1978 and served as its President.  Thereafter, worked to develop Royal as a full service oil & gas development and exploration company.  Royal grew to employ 120 individuals in four divisions; Land Leasing, Geological, Drilling and Production.  The company successfully drilled, completed and operated approximately 450 oil & gas producing properties throughout the Appalachian Basin.  RoyalÕs Auditors at the time, Ernst & Whinney, stated that the CompanyÕs 51 limited partnerships had provided its investors with an annual average after tax return on investment of 23%.   The Stanger Register ranked RoyalÕs programs with their highest rating in terms of structure to investors and also with the lowest risk to investors.

 

Empire Securities Group, Inc.                                                                   1982-1991

The Daily News Building, New York

Palo Alto, California

 

Chief Executive Officer and Chairman 

 

Founded this company in 1982 as a Direct Participation NASD Brokerage, primarily serving OhioÕs Independent Oil & Gas Industry.  Empire Securities pioneered the use of financial guarantee bonds as well as unsecured leveraged financing (Equitable Bank of Baltimore, N.A.) in company sponsored direct participation securities.  Operating as an NASD Principal, as well as an Investment Sponsor, established and managed a network of twelve regional, independent brokerage firms through which Empire raised Fifty-Four Million Dollars ($54,000,000.00) of investment capital that generated capital growth of Three Hundred Fifty Million Dollars ($350,000,000.00).

 

Sagamore Land Development Company, LLC                                           2005 - 2007

Avon Lake, Ohio

 

Chief Operating Officer / Managing Member

 

Founded Sagamore Land Development Company, an independent consulting and contract firm serving the Oil & Gas industry in Ohio.  The primary mission of Sagamore Land provided comprehensive lease profiling, acquisition, risk assessment and economic analysis services to Independent Producers.  Designed and implemented numerous systems to accomplish this mission.

 

 

EDUCATION

 

Juris Doctor, College of Law, University of Toledo.  Toledo, Ohio. (1976)

 

B.A. (History-Political Science/ Psychology), University of Toledo.  Toledo, Ohio.  (1971)

 

MEMBERSHIPS

 

The Ohio Oil & Gas Association      The Ohio State Bar Association   The Lorain County Bar Association

 

Cleveland Metropolitan Bar Association