LONGSHORE RESOURCES: A JUNIOR BUILT TO SURVIVE
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ongshore Resources is a private oil and gas exploration and production company with a fresh, new approach on how to best operate and be profitable in North America’s volatile energy sector. Longshore takes the view that capital constraints on the oil sector requires that every company be financially secure and survivable throughout the commodity cycle. In addition to innovative operations, Longshore leads the way in environmental stewardship, safety, and community building. President and CEO Byron Nodwell founded Longshore in 2015 and is also a member of the Board of Governors of the Canadian Association of Petroleum Producers (CAPP) and the Explorers and Producers Association of Canada (EPAC). “I wanted to take advantage of the 2014 price crash to form a company that married high-quality assets with high-quality, next-generation talent,” says Nodwell. “With the 10+ years of experience I had working with junior oil companies, I knew that only very carefully crafted companies could survive and thrive.” Longshore raised capital from ARC Financial and opened in 2015. Growth was immediate and rapid. Between May and October of that year, Nodwell was able to hire the founding team members. He continues, “We acquired assets in June 2016, chasing a new exploration target in Alberta and drilled initial wells with success. In 2017 Longshore accumulated large acreage blocks, and further drilling with technological improvements increased productivity of the lower Charlie Lake.” The pace continued. In 2018 Longshore acquired Shiningstar Energy. In 2020 there was a four-way merger with Rife Shot Oil Corp., Steelhead Petroleum Ltd., and Primavera Resources Corp. Nodwell explains, “In 2015 I was a 38-year-old first-time CEO attempting a startup. I was introduced to ARC Financial by our independent director and it has been a very fruitful relationship ever since. Despite my lack of experience, they saw something they liked in me and have been very supportive. The four other companies we merged with were also backed by ARC, which to me, shows their high level of trust in myself and the Longshore team.
TOP: DRILLING OPERATIONS ON A CHARLIE LAKE WELL NEAR GRANDE PRAIRIE. LONGSHORE MAINTAINS AN ACTIVE CAPITAL INVESTMENT PROGRAM UNLOCKING ALBERTA’S RESOURCES AND CONTRIBUTING TO THE ECONOMY. MIDDLE: LONGSHORE’S FIELD TEAMS ARE A KEY COMPONENT TO OUR SUCCESS AND ARE THE FACE OF THE COMPANY IN THE COMMUNITIES WHERE WE OPERATE. BOTTOM: LONGSHORE’S HEAD OFFICE TEAM BUILDING A SCHOOL PLAYGROUND IN 2017. SUPPORTING LOCAL CHARITIES WHERE WE WORK AND LIVE IS A HIGH PRIORITY FOR THE COMPANY.