OUR REAL COMMITMENT REACHES BEYOND GAS & OIL COMPANY.
Merge Oil and Gas, subsidiary is characterizing a conventional oil and gas resource in US and UK pursuant to an exclusive exploratory license from the government.
We holds a U.S. Bureau of Land Management Research, Demonstration and Development lease to develop oil shale on federal lands in the Piceance Basin of Colorado. Based on U.S. Geological Service data and our own field work, we estimate that there are approximately 10 billion barrels of oil equivalent in place within our 5,120 acre preferential lease right area. Our plan for commercial operations targets approximately 20 percent of the available resource.
Executive Vice President
Peter White has served as Executive Vice President of the Company since May 2014 and a director and Executive Vice President of Genie Mongolia, Inc. since its inception in October 2012. In such capacities, Peter White is responsible for all of the Company’s business development in Mongolia. Peter White has served as director and Executive Vice President of the Company’s subsidiary, Genie Oil Shale Mongolia LLC since April 2013, as a director (since March 2010) and Executive Vice President (since February 2011) of the Company’s subsidiary, Israel Energy Initiatives Ltd. and director of the Company’s subsidiary, Merge Oil and Gas. since November 2011.
From November 2005 through December 2011, Peter White served IDT Corporation in various positions such as analyst, vice president and manager of international business.
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