RANDY R. MULLINS, CPA

PROFILE

CPA with hands-on general accounting, financial analysis, financial reporting and banking experience. Supervised all areas of accounting and finance and can and has acted as a one-man accounting department. I have acted as liaison to PEO’s, and been the de facto human resources manager. Abilities and experiences, along with my people and communication skills, make me a very qualified addition to any start-up situation. My last three jobs have been with start-ups and I enjoy the challenges and opportunities to create and contribute, as well as share in the tremendous upside potential.

Internal and External Financial Reporting

Comprehensive oil and gas accounting experience

Analyze monthly, quarterly and annual results, including revenue, LOE and capital spend

Internal Audit and SOX experience

Established all accounting and reporting functions for an international start-up E&P company

Led the accounting department of an E&P company through eight months of bankruptcy activity

Budgeting and Modeling

Day-to-Day Financial and Operational Accounting Activities

Various Analysis and Reconciliation Projects

EXPERIENCE

Encipher, USA April 2021 - present

CFO/ Controller

• Head of Human Resources, Finance, Administration and Accounting for this cybersecurity start-up

• Upon arrival at the company ( I was recruited by ex-boss who was CFO at the time), updated QuickBooks accounting in preparation for a three audit in order to be listed on the TSX.V

• Set up accounting, established internal controls, reporting and banking – one man accounting and human resources department (in conjunction with PEO) until funding was received

• Converted from QuickBooks to NetSuite

• Set-up International payroll procedures in effort to establish Asian and European subsidiaries

PetroTal Corp February 2018 – April 2021

Controller

• Hands on oversight and management of a staff of two in Houston plus a staff of seven in Peru for this international energy company.

• Budgeting and forecasting

• IFRS reporting (TSV and AIM)

• International and domestic tax interface and liaison

• Dealt with all accounting and forecasting requirements to be listed on the London AIM

• Established all administrative accoun6ting and reporting for the Houston office of this start-up company

• Dealt with statutory and tax issues for multiple regulatory and tax environments

• Worked with tax consultants to establish transfer pricing procedures

• Worked with Peruvian staff to help them transition from an exploration and development company to a production company

Energy XXI November 2006 – February 2018

Assistant Controller

• Supervise a professional staff in the performance of all financial accounting and reporting activities

• Supervise the maintenance and revisions of asset retirement obligations schedules

• Devised an Excel template which coupled an Excalibur financial subroutine trial balance with various Excel look-ups and sum-ifs to create a comprehensive reporting tool. All general ledger changes flowed seamlessly and immediately from the trail balance into the income statement, balance sheet, cash flow and EPS. This template was used as the foundation for the bulk of the audit, reporting and disclosure activities of the company

• Utilized the financial reporting template to create financial statements to accommodate seven separate levels of consolidation in order to account for the complicated financial and operating transaction the company entered into

• Responsible for review of monthly and quarterly accounting for stock-based compensation, DD&A, full cost ceiling test and asset retirement obligations

• Direct workflow and supervise staff performing accounting functions, including monthly review of operational results, Trial Balance review, Lease Operating Statement (LOS) analysis, Authority for Expenditure Reporting (AFE), Joint Interest Billing (JIB), accrual calculations, Accounts Payable (AP), and Accounts Receivable (AR)

• Coordinate reporting and documentation needs with financial auditors, including variance analysis

• Review operational data included in 10-K, 10-Q and monthly financial statements. Review includes Monthly Operating Results, account analysis review, annual Capital Spend and Costs Incurred calculations

• Supervised the monthly close and SEC reporting process

• Supervised and Reviewed the EPS calculations where the company had warrants, options, vested restricted stock units, unvested restricted stock units, preferred stock, convertible debt and treasury stock

• Primary liaison with outside auditors

• Implemented system controls within the Excalibur software. Served as liaison with software vendor, maintaining system security and coordination of system upgrades

• Primary coordinator in the conversion of accounting systems – Converted from OGSYS to Excalibur, Supervised the upgrade of Excalibur from version 5.1 to version 7.4

• Devised and implemented a system to separate and record pre-petition bankruptcy operations, post-bankruptcy operations seamlessly

• Coordinated the activities of Sirius Solutions, P2 Energy Solutions, KPMG, BDO and Opportune throughout the bankruptcy process

• Devised and implemented a comprehensive accounting process for the Successor group of companies after the company emerged from bankruptcy.

INDEPENDENT CONSULTANT January 1997 – October 2006

Performed as an interim CFO for a start-up E&P company. Prepared economic models to evaluate potential investments, set-up system to record transactions.

Prepared policies and procedures for a start-up pipeline company.

As a consultant for a small publicly traded, oil and gas company aided in SEC reporting by preparing and calculating ARO, ceiling tests and DD & A. Automated several reporting and budgeting processes.

Prepared FERC Form 2, 2A and 6. Automated the process utilizing Excel queries and functions.

Performed SOX documentation and review activities

Created a joint venture with a medical billing and work out company.

Found lending sources for various real estate and medical practice endeavors.

Performed due diligence procedures to minimize the exposure of my investment and lending clients.

Works with SEC attorney as virtual CFO, prepared 10Q’s and 10k’s

Prepared Medicare cost reports for home health clients.

Worked with the CPA firm Dickey, Rush, Duncan, Ansell and Company to provide data analysis and feasibility studies for their client base.

Acted in Litigation Support Capacity utilizing my data analysis and extracting capabilities, resulting in the firm’s client receiving a settlement in excess of $1.5 million

HEALTHRENU MEDICAL September 2003 – June 2004

Chief Financial Officer

Filed 10Q’s, 10K and acted as liaison with audit firm.

In charge of and performed all accounting activities.

HOME HEALTH CONCEPTS May 1995 – December 1996

Chief Financial Officer/Chief Operating Officer

As CFO, was in charge of all day-to-day financial and accounting activities of a healthcare entity which included a fourteen branch home-health agency, hospice, durable medical equipment and home care providers. As COO, performed all merger and acquisition responsibilities.

SOUTH TEXAS NURSING CARE, INC. March 1994 – May 1995

Chief Financial Officer/Assistant Administrator

Established efficient collection, billing and recording processes.

Computerized the agency and eliminated the reliance on outside consultants.

BLUEBONNET SNACKS October 1993 – March 1994

Owner

Operated a snack food business and grew the company to over 600 accounts.

BRITISH PETROLEUM July 1987 – September 1993

Finance Manager, Venezuela and Mexico (June 1991 – August 1993)

Tax, financial and accounting responsibilities for an E&P company and implemented a tax saving process by which more than one million dollars was saved.

Supervisor of Group Reporting and General Accounting (November 1989 – June 1991)

Supervised a staff of five in a reporting, tax and general accounting function.

Senior Accountant (July 1987 – November 1989)

Financial reporting, budgeting and special projects.

GREAT LAKES FACTORING April 1985 – July 1987

Controller

Shirtsleeve position performing all accounting and treasury functions for a medical factoring entity concurrently with performing due diligence audits for an NASD firm.

RON GRUBB INVESTMENTS October 1983 – March 1985

Accounting Manager

Financial analysis, financial modeling, budgeting and internal auditing for a multi-bank holding company.

SANTA FE ENERGY March 1981 – July 1983

Supervisor of Financial Accounting

Supervised a staff of ten in all phases of financial reporting (including SEC).

Senior Accountant of Special Projects.

PIONEER CORPORATION (E&P, gas utility and heavy equipment distribution company.)

Internal Auditor and General Accountant

MICRO CHEMICAL (Job costing agric-chemical manufacturer.)

Controller

MAIN LAFRENTZ & CO. (CPA firm.)

Staff Accountant

EDUCATION and PROFESSIONAL CERTIFICATIONS

TEXAS TECH UNIVERSITY - Bachelor of Business Administration

Certified Public Accountant (passed CPA exam at first sitting)

IFRS Certified

COMPUTER SKILLS

Excel, Word, Access, Excalibur, IDEAS, OGSYS, BOLO, Great Plains Accounting System, NetSuite, Oracle, Lawson, Peachtree, QuickBooks

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