Women On Board

Director Profile

Joan E. Dunne CA CPA ICD.D

Board Value Proposition: 

Entrepreneurial

  • A founder of Painted Pony, growing from initial $12 million IPO in 2007 to intermediate TSX oil and gas company, with proved plus probable reserves, discounted at 10%, from nil to $1.5 billion plus $4.7 billion best-estimate contingent resources by year-end 2013.

Corporate Structuring/Positioning

  • Leading executive role in the reverse take-over by True Energy Inc. of TKE Energy Trust, conversion to a distribution-paying trust and  subsequent spin-out of Vero Energy. Coordinated financial, organizational and tax modelling, due diligence, securities and regulatory filings, and transaction implementation, through to post-integration.
  • Implemented rigorous financial controls and detailed budgeting, reduced debt leverage and credit facilities costs. Resulted in significantly improved share trading prices, non-dilutive bought deal financings and a successful expanded drilling program.

Capital Structure—Credit Facilities and Share Issuances

  • At Painted Pony, negotiated demand and syndicated credit facilities up to $125 million.  Responsible for all banking functions. Coordinated securities and legal documents and filings for 10 share financings, raising $551.7 million and stock options, SEDI filings.
  • At True Energy, negotiated syndicated loans up to $150 million. Monitored covenant compliance, maintained banking relationships, coordinated all legal documents, cash management, and treasury functions, including the issuance of an $86 million convertible debenture.

Securities and Governance

  • Coordinated initial IPO and long-form prospectus, three private placements, six short-form prospectus filings, including all documents and regulatory filings at Painted Pony.
  • Responsible for Corporate Governance, CSOX, SEDAR, Annual and Quarterly Reports, Annual Information Form, Statement of Reserves, Information Circular, and Material Change Reports.

Financial and Taxation

  • Responsible for corporate and excise tax, auditors and financial statements, budgets and forecasts. 

Industry Experience: 

  • Energy
  • Oil & Gas Exploration & Production

Board Experience:

Corporate Boards:

Sprott Resource Holdings Inc. 2017 to Present
Audit Committee and Conflict Resolution
Corporate Governance & Nominating Committee
Painted Pony Petroleum Ltd. 2016 to Present
Member
Sprott Resource Corp. 2014 to 2017 to Present
Audit Committee
Corporate Governance Committee
Conflict Resolution Committee
Tundra Oil & Gas Limited 2014 to Present
Chair, Audit Committee

Additional Boards:

CPA Canada (formerly CICA) 2011 to Present
Canadian Performance Reporting Board, 2012–Present
Small Company Advisory Group, 2011–Present

Biography: 

Painted Pony Petroleum Ltd. 2007 to 2013
Co-Founder and Vice President, Finance and Chief Financial Officer
True Energy Trust/ True Energy Inc. 2002 to 2006
Vice President, Finance and Chief Financial Officer
Financial Consultant Contracts 2000 to 2002
Ionic Energy Inc. 1998 to 2000
Vice President, Finance and Chief Financial Officer
Petrorep Resources Ltd. 1996 to 1998
Vice President, Finance
Barrington Petroleum Ltd. 1994 to 1996
Treasurer

Education: 

CA, Institute of Chartered Accountants of Alberta, 1983
B Comm (Acctg.), University of Calgary, 1979