John Malone

Mobile Phone: 1-281-***-****

Secondary Phone: 281-***-****

E-mail: ac0jgj@r.postjobfree.com

John Malone

***** ****** *****

1-281-***-****

Magnolia, Texas 77355

ac0jgj@r.postjobfree.com

PROFESSIONAL PROFILE

An experienced international operations and finance executive with a proven ability to create and develop high-energy work environments which generate profitability and equity growth. Bi-lingual English/Russian

EMPLOYMENT HISTORY

PetroAfrica. Houston, Texas. Angola. Malabo, Equatorial Guinea 2015– Present

CFO

CFO of this international procurement and service provider. Key position in external financing operations, facilitated financing to the start-up company operating in West Africa. Negotiated several key contracts with O&G operators in West Africa. Also managed external audits implemented SOX controls, prepared and reviewed internal reports (cost analysis, revenue analysis, margin analysis, cap spending, and others), accounting monthly closes, financial processes and controls, tax, and other financial areas. Created and set up GEProc SA, a spin-off Joint Venture in Equatorial Guinea with the state oil company.

Paragon Offshore, Houston, Texas 2014 – 2015

Financial Consultant (Contract Position), Corporate Reporting.

Financial Consultant to the Controller of this international offshore drilling contractor. Company recently spun-off (2Q 2014) from Noble Drilling. Assisted in SEC report preparation, balance and P/L preparation for SEC 10Qs, managed external audits(PWC), implemented SOX controls, prepared and reviewed internal reports (cost analysis, revenue analysis, margin analysis, cap spending, and others), prepared 2015 budget (in Hyperion), accounting monthly closes (SAP), financial processes and controls, tax, and other financial areas.

LUKOIL Overseas Offshore Projects, Inc., Houston, Texas 2010 – 2015

Director of Finance and Accounting

International E&P subdivision of LukOil (OTC LUKOY). Finance Director for LukOil Overseas Offshore Projects, an ultra-deep water offshore operator with properties in Cote d’Ivore, Ghana, Sierra Leone, Romania and Vietnam. Responsible for all Finance, Accounting, Budgeting, Tax, Treasury, Risk, Administration, HR, Project Control, and IT for the Company. Budgeted spend $1.2 billion USD 2013-2014 for ultra-deep water operating company.

-Managed all risk for 13 ultra deep water projects. Managed all project timing, treasury, finance and reporting with capital spend over $1 billion yearly. Implemented risk managing methodology. Result: The ability to quantify and properly address risks within the project from all aspects allowed LukOil to lower capital spend for the consortiums and partnerships. Greater efficiency lowered the overall end cost of drilling by 5% 2011-2013 while market rates rose significantly.

Weatherford, Russia, (NSE WFT) Moscow, Russia 2006 - 2010

Regional Controller, Russia and the CIS

General Director for Weatherford Holdings, Russia - the holding company office for Weatherford international in the Former Soviet Union. Responsible for operations in Russia, the Ukraine, Kazakhstan, Uzbekistan and Azerbaijan. Weatherford is the number 3 oil and gas services company worldwide with over 55,000 employees and $12 billion revenue per year. The Russia/CIS operation has 9,800 employees and performs oil and gas services through out Russia and the CIS. During tenure as Regional Financial Director/CFO, facilitated revenue growth from $40 million in 2006 to well over $800 million in Revenue for 2009, with an exit rate for 2009 of $1.1 billion.

- Successfully managed Due Diligence evaluation, ultimate acquisition and integration of 18 Russian and 1 Kazak companies into Weatherford structure during 2006-2009, including the purchase of all service companies from TNK-BP ($687 million acquisition). Result: Geometric revenue and profit growth of 20X in a 3 year period. Successful acquisition and integration of 19 companies, with over 9,000 employees.

Concurrently served as an Independent Board Member on the Board of Directors of the Moscow Telephone Network (MGTS), and on the Board of the Zavolsk Motor Works (ZMZ) and the Russian automaker UAZ.

Accenture PLC, Moscow, Russia 2002- 2006

Senior Manager

Managing Director-Resources Division

Deployment Lead for the TNK-BP Accounting Transformation Project (ATP) Led the deployment team to develop and implement fast close procedures and processes allowing consolidated RAS and GAAP accounts to be prepared at the regional level within TNK-BP. Further implemented IT and ERP systems to facilitate submission of consolidated GAAP accounts to Moscow. Implemented all processes and systems for the TNK entities in Nyagan, Tyumen and Novosibirsk. Successfully managed a diverse team of experts from Accenture, Deloitte, KPMG and TNK-BP. Result: The ATP project was a great success. TNK-BP was the first company in Russia to submit consolidated GAAP accounts in a 6 day monthly close time period.

-Also the Materials Management Lead for the TNK-BP Supply chain re-engineering project (SPR) Led the materials management effort to re-design supply chain procedures throughout entire TNK-BP structure.

-Other clients were Gazprom, Gazpromneft, Rosneft, LukOil, Iterra, and other major Russian conglomerates

Devon Energy (NSE DVN) 1998-2002

Country Manager - Russia

Responsible for the overall operations of a 600-employee Exploration and Production company in Russia.

-Managed the production operations to best allocate resources and fully develop underutilized potential. Began new development program to add to the production base, without raising capital expenditures above budget. Created an infrastructure of roads, water and electrical utilities over many square miles of property, as well as new facilities construction and production base development. Result: Grew income by $40 million year 1 and $55 million in both years 2 and 3, far exceeding the corporate goals. The new program increased production by more than 60% over the three-year period.

-Stringently monitored and controlled the production programs, to include all day-to-day logistics, procurement and shipping operations. Managed the company’s product (oil and gas) sales to insure maximum available price and profit margin. Conducted daily, active overview of all operations in the corporate planning, administration, budgeting, MIS, and procurement departments. Streamlined the supply chain and supply markets. Result: Raised profits by more than $22MM for year 1, and an additional $35MM in both years 2 and 3 (audited). Lowered planned project costs by more than 30% during the three-year period.

-Devised, planned, implemented and developed a secure 256kbs CIR frame relay WAN system for network tie-in from production base to main Houston corporate net. Integrated this system with existing production infrastructure for real time data transfer to and from international locations. Automated the finance and logistics processes at all levels and stages by installing new ERP and cost control systems to include company warehouses (two), further allowing real time monitoring of all stock levels and disposals. Result: Dramatically improved efficiency. Managers had instant access to all information necessary to make quick, accurate analyses and decisions. Corporate HQ used this system as a model to implement at other international locations in Egypt, Brazil, Cote D Ivore, Nigeria, Equatorial Guinea, and Pakistan.

-Developed local suppliers to manufacture oilfield parts, equipment and specialty chemicals to meet international standards through training, joint investment and operations, certification and education. Result: This effort proved to be very effective in developing a much cheaper and locally available alternative to expensive imports, lowering some costs up to 75%.

EuroSov PLC, London, England and Nizhnevartovsk, Russia

1994-1998

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Senior Vice President

Responsible for the management of all operations and financial aspects of this international Exploration and Production Company.

-Conducted a successful drilling program in West Siberia. Managed the drilling of 10 new production wells and managed the existing well production through work-over programs. Result: increased production by over 550 tons/day in both 1996 1na 1997, providing the Company with increased resources and revenue.

-Negotiated debt reduction with the company’s main creditor, a local bank, to take company equity in exchange for a discounted portion of outstanding debt. Result: Eliminated more than $15 million in debt by swapping equity for discounted debt, and then re-purchasing the equity later, also at a discount.

-Negotiated with several European banks, developed and implemented what became, in effect, the first oil products futures and hedging contract arrangement in Russia. Sold product for the quarter in advance, using a price formula which allowed for mutual benefits on both price rise and decrease. Result: Company had sufficient operating cash in advance to fund all growth programs, and funds to invest. The resulting synergies more than doubled yearly income.

Avanti International, Houston, Texas

1991-1994

Director of International Sales and Marketing

Developed petroleum engineering consulting services contracts on a worldwide basis.

-Negotiated and signed multi-year consulting contracts as advisors to the World Bank for the Russian Production Associations during Russian Rehabilitation Loans I and II. Result: Secured market entry, doubling Avanti’s income. Avanti’s working consultant base increased by more than 100%.

-Developed and coordinated financial assistance packages and loans for Avanti's international equipment purchasers. Result: Presented proposals and concluded negotiations with a large international production company securing a $400,000 grant from the U.S. Government through the Trade Development Agency.

Officer, United States Army

1990 -1991

-Army office for 11 years serving as an Attack Helicopter Troop Commander, Military Intelligence Officer, Russian Foreign Area Officer.

-Also served as a Project Manager of the US Army Test Command conducting operational tests of the first Predator Drone models.

EDUCATION

MBA, Finance, University of Maryland, College Park, Maryland. Business and Finance, 1990

MA, University of Michigan, Ann Arbor, Michigan. Soviet Studies and economy, 1988

BS, Central Michigan University, Mt. Pleasant, Michigan. Economics/Political Science, 1980

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