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Mainland Resources appoints William D. Thomas as CFO


Published Jul 10, 2008
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Mainland Resources appoints William D. Thomas as CFO

Mainland Resources, Inc., a Nevada corporation, has appointed William D. Thomas as Chief Financial Officer/Treasurer of the Company effective as of July 9, 2008.

William D. (Bill) Thomas has a lengthy career in finance and accounting for the natural resource sector spanning more than thirty years.

Most prominently, Mr. Thomas held various successive management positions with Kerr McGee Corporation's China operations based in Beijing, China, ending in 2004 with his final position as Business Director of Business Services. He was previously General Manager (1999-2002), and Finance and Administration Manager (1996-1999) of the company's China operations.

While in China, Mr. Thomas was responsible for Finance including Sarbanes Oxley reporting, Budgeting, Treasury, Procurement, IT, Taxation, Marketing, Insurance, Business Development including commercial negotiations with the Chinese partner, China National Offshore Oil Co (CNOOC) and other Chinese and joint venture partners.

Mr. Thomas focused heavily on supporting exploration and development operations for three operated blocks in Bohai Bay, as well as evaluation and negotiation of new venture blocks in East China Sea and the South China Sea. He was also responsible for the liaison with CNOOC and other Chinese oil companies, Kerr McGee US management and joint venture partners, where his main focus was to ensure cost effective and timely achievement of various approved work programs and budgets. He was also Chief Representative for Kerr McGee on the Joint Management Committee (JMC).

Mr. Thomas previously worked as Manager of Fixed Asset Accounting for Kerr McGee Corporation's US operations (1996), as Finance Director of Kerr McGee's UK operations based in London/Aberdeen (1992-1996), and Kerr McGee's Canadian operations in Calgary, Alberta, Canada (1984-1992), including the company's predecessor company, Maxus Canada Ltd, which was acquired by Kerr McGee Ltd.

Over the course of his career, he has been involved in all aspects of managing accounting, budgeting, HR, administration, IT, insurance, taxation and other business support aspects surrounding gas properties for Kerr McGee.

Notably, Mr. Thomas was responsible to ensure compliance with COPAS, SEC, FASB and international accounting regulations. He participated on a team that developed the Oracle accounting system application to the Kerr McGee's worldwide operations. He was involved in the initial entry into the UK North Sea - a startup of local and expatriate personnel that eventually developed into a core area (over $1 Billion) for Kerr McGee, including the company's first operated offshore oil field in the UK (Gryphon).

In his early career Mr. Thomas also held senior management positions in the finance divisions of Norcen Energy Ltd of Calgary, Alberta (1981-1984), Dennison Mines Ltd of Ontario Canada (1978-1981) and Algoma Steel Corporation of Sault Ste Marie, Ontario, Canada (1977). He was also a Senior Auditor for the accounting firm, Coopers & Lybrand in Toronto, Canada (1975-1977).

For a brief period after leaving Kerr McGee, Mr. Thomas acted as a self-practitioner in the accounting and finance field. In July 2007 he took on the role of CFO for two public resource companies; Hana Mining Inc. and NWT Uranium Corp. Mr. Thomas will continue to serve these junior resource companies as CFO along with his role in Mainland Resources, Inc.

Mr. Thomas attained his Chartered Accountant (CA) designation from the Canadian Institute of Chartered Accountants in 1977. He holds an Honors Bachelor of Commerce and Finance from the University of Toronto, Ontario, Canada.

Robert. D. Fedun resigned as the Chief Financial Officer/Treasurer of the Company effective as of July 9, 2008, but remains as a member of the Board of Directors.

Tags: Mainland Resources




   

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