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board-of-directors-bios
Governance

Michael Kobler , , , President and Chairman of the Board of Directors

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Over the past 35 years, Mike Kobler has specialized in identifying, acquiring and producing natural resources and infrastructure developments throughout the world. He has served in a variety of roles for start-up companies including, but not limited to, Chairman of the Board of Directors, Chief Executive Officer, President, Technical Advisor, Engineer and Project Manager. He has extensive knowledge in natural resource development, as well as, the design and construction of large infrastructure projects.

Mike founded Underground Energy, Inc. in 2007. He directed the company’s resource evaluations and acquisitions for conventional and unconventional thermal resources at project locations in California and Nevada. He is responsible for the company’s corporate management and operations, financing and investor relations.

Prior to Underground Energy, Inc., Mike was co-founder of OSUM Oil Sands, Inc., a private company in Alberta Canada involved in oil sands exploration and development. As Chief Executive Officer and Member of the Board of Directors, Mike provided technical resource evaluations and subsequent acquisitions focused on extracting and producing bitumen from previously unexploited resources at various project locations. He was also responsible for securing the necessary financing to bring the company from start-up to a $500 million operation over the course of two years. The company has now grown to roughly $2 billion in net worth.

Previous to OSUM Oil Sands, Mr. Kobler was the founder and President of an engineering design and construction management firm for 15 years. Specializing in infrastructure development in California, Mike supervised a staff of over 20 engineers and technicians. Mike holds a BSC in Mining Engineering from Montana College of Mineral Science and Technology.

Peter M. Ballachey , , , Director, Corporate Secretary, Founder

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More than 35 years professional financial experience
Previously CFO of Osum Oil Sands
B. Comm from University of Toronto, MBA from York University, CA, CIA

As Chief Financial Officer and Co-founder of Underground Energy Corporation, Mr. Ballachey brings 35 years of professional financial experience in the oil, retail, green technology and transportation industries. He is responsible for the firm’s corporate governance and financial operations and serves as the Corporate Secretary of the Board of Directors.

Mr. Ballachey has been instrumental in raising the necessary financing to acquire and develop the company’s shale oil assets in California and Nevada. He also led the three-country reverse takeover process leading to the company’s TSXV listing.

Prior to Underground Energy, Inc. Mr. Ballachey served as the Chief Financial Officer of OSUM Oil Sands, Inc. in Alberta, Canada where he assisted in raising financing for start-up, land acquisition, and operations; bringing the company to a $100 million operation within one year. Peter also served as the Chief Financial Officer for Railpower Technology Corporation in North Vancouver with an executive team which raised over $150 million in equity. Some other organizations Peter has worked with would include Canadian Pacific Railway, BC Rail, Fraser Health Authority, ICR Turbine, and CRC Rail Management. Peter is a Certified Internal Auditor and Canadian Chartered Accountant, with an MBA in Finance and Marketing from York University.

Douglas C. Urch , , , Independent Director, Chair of Audit Committee

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Mr. Urch has more than 30 years of professional finance experience in the oil and gas industry and is currently the Executive Vice President, Finance and Chief Financial Officer at Bankers Petroleum, an oil company with assets in Albania.

Prior to Bankers Petroleum he provided financial management services for a variety of public and private companies, including Rally Energy, Mohave Exploration, Sunshine Oilsands, Barrington Petroleum, TriGas Exploration and Ryerson Oil and Gas.

He currently serves as Director and Audit Committee Chairman of TSXV-listed Petrodorado Energy Ltd. and a Director of privately-held P1 Energy Corp. Mr. Urch is a Certified Management Accountant (CMA) and a Commerce graduate from the University of Calgary.

Harland E. Johnson , , , Independent Director, Chair of Reserves Committee

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Mr. Johnson has 45 years of technical and management experience in upstream petroleum groups, including onshore and offshore exploration, production, processing, and transportation on domestic and international projects with difficult technological and political challenges.

Harland has a broad background in environmental/regulatory affairs and has worked with senior government representatives, joint venture partners and public interest groups. He held a number of technical and management positions with ExxonMobil affiliates, including President of the Exploration and Production Division of Esso Brazil, and President of Exxon Trinidad.

He is a registered professional engineer in Alberta, Canada and graduated with honors from the University of Alberta where he earned BSc with Honors in Chemistry and a PhD in Metallurgy.

Andrew Squires , , , Independent Director

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Mr. Squires is a Senior Vice President, Saleski Technology and Development with OSUM Oil Sands and has over 20 years of experience in conventional oil, heavy oil and oil sands.

He started his career in heavy oil at AMOCO where he authored a paper on cold heavy oil sands production mechanisms, which led to a fundamental change in the understanding of heavy oil production and recovery processes. Mr. Squires has provided professional consulting to numerous oil companies on new heavy oil recovery technology, production optimization and commercial play development. He was also former Area Manager N.E. for Paramount Resources.

Mr. Squires is a member of the Canadian Heavy Oil Association, Petroleum Society of the CIM and is a practicing member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta.

Underground Energy
3rd floor, 7 W. Figueroa Street
Santa Barbara, CA 93101-5109
T: 805 845 4700, F: 805 845 1177
info@ugenergy.com