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Management Team

Paul Welch

President and Chief Executive Officer

Mr Welch is an international energy executive with over 25 years of industry experience having worked for Shell Oil Company and several large independents including Hunt Oil Company, Pioneer Natural Resources and most recently as CEO of AIM listed explorer Chariot Oil and Gas. 

Mr Welch graduated from the Colorado School of Mines with both a Bachelor and Master’s degrees in Petroleum Engineering. He also holds an MBA in Finance from the Southern Methodist University in Dallas, Texas.

Mr Welch was appointed CEO of Sea Dragon Energy in April 2013 and became CEO of SDX Energy following the merger with Madison PetroGas in October 2015. 

Mark Reid

Chief Financial Officer

Mr Reid has over 20 years' experience in numerous sectors including the Financial Services, Investment Banking and Oil and Gas industries. He has had significant exposure to M&A transactions and the equity and debt capital markets. Most recently, between 2009 and 2015 he was Finance Director at AIM listed Aurelian Oil and Gas PLC and Chariot Oil and Gas Limited. Prior to this, he spent 7 years as an Emerging Markets E&P banker and was Head of Oil and Gas in the London office of BNP Paribas Fortis. He has also spent 7 years with Ernst & Young Corporate Finance advising on M&A, IPO and other fundraising transactions.

Mr Reid has an MBA (Distinction) from Strathclyde University, is a Member of the Institute of Chartered Accountants of Scotland, a Fellow of the Chartered Association of Certified Accountants and a Member of the Chartered Institute for Securities and Investment.

Ahmed Farid Moaaz

Country Manager

Mr Moaaz has over 30 years of experience in the oil and gas industry. As Country Manager, Mr Moaaz is responsible for Egyptian operations.

Mr Moaaz has held senior positions with international oil companies with operations in Egypt, including of Suez Esso Petroleum Company, Trident Petroleum International and El Wastani Petroleum Company.   Mr Moaaz is also a former Deputy Chairman for Production of EGPC where he was responsible for supervising and directing drilling production and petroleum engineering of all joint venture companies operating in Egypt.

He holds a B.Sc. in Petroleum Engineering from Cairo University (1971).

Lonny Baumgardner

Country Manager

Mr Baumgardner joins us with a wealth of experience across many elements of the oil and gas business, totalling over 25 years. His career commenced as a Drilling Engineer in Canada, where he and his family originate, and he quickly moved up the Operations Management chain.

Mr Baumgardner started his international experience in the Kingdom of Saudi Arabia, and has since worked in Tanzania, Greece, Australia, and on two ventures in Egypt.

Mr Baumgardner has a broad spectrum of technical, operational and general management experience. He has a strong focus on HSE, business ethics, and empowering individuals who support the creation of value.