President, Chief Executive Officer & Director
Mr. Gray is a petroleum engineer with a degree from Texas A&M University and over 35 years of experience in the oil and gas sector.
Don T. Gray
Mr. Gray is the Chairman of Petrus Resources Ltd. and is a Co-Founder and former President and Chief Executive Officer of Peyto Energy Trust. Mr. Gray is also Chairman of Gear Energy Ltd., a heavy oil producer, and Chairman of EIQ Capital Corp., a private investment company. Mr. Gray holds a BSc in petroleum engineering from Texas A&M University and has over 20 years experience in the Canadian oil and gas business in various capacities. Mr. Gray co-founded Peyto in 1998 and efficiently grew production from zero to greater than 24,000 boe/day. Mr. Gray was selected by Ernst & Young as the Canadian Energy Trust Entrepreneur of the Year in 2004. He continues to serve as Chairman of Peyto and remains one of Peyto's largest individual shareholders.
Mr. Arnell is a Director of Petrus Resources Ltd. Since 2005, he has been an early stage investor in several successful oil and gas enterprises as well as a founding shareholder and Chairman of Rangeland Industrial Service Ltd., a rapidly growing manufacturer of specialty pipe handling equipment for the energy industry. Mr. Arnell was previously President and majority owner of Rayton Packaging Inc. from 1992 to 2005, overseeing its expansion from Alberta to extensive operations in Canada, the U.S., Mexico and Chile. He has an MBA from the University of Saskatchewan.
Donald Cormack is a Director of Petrus Resources Ltd. Mr. Cormack is a retired Partner of PricewaterhouseCoopers who has specialized in the oil and gas industry for over 35 years. He has extensive financial accounting and reporting experience with both private and public companies of all sizes covering regulatory compliance, risk management, acquisitions, corporate restructuring, internal controls and governance in Canada and the U.S. Mr. Cormack is a director of the Calgary Police Foundation and past director of The Calgary Foundation and Alberta Health Services. He is a Chartered Accountant, a graduate of the Institute of Corporate Directors Program and has a Bachelor of Commerce degree from the University of Saskatchewan.