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Producing Oil & Gas in the USA for the USA

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NYSE
Amex:CFW
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Symbol CFW
Last Price 0.9306
change -0.0204
open 0.951
high 0.99
volume 172471

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Jeff Johnson, Chairman and CEO

Jeff Johnson, Chairman and CEO

Mr. Johnson brings over 19 years experience in the oil and gas business to Cano Petroleum. Starting his career in corporate finance, he successfully raised funds for oil and gas partnerships for Chesapeake Energy’s South Texas projects. In 1993, Mr. Johnson initiated his first independent oil and gas exploration venture and arranged the purchase of Scope Operating, Inc in 1997. After assembling a diversified team of key management personnel and oil and gas consultants, he was instrumental in the successful sale of all of Scope’s producing properties and assets. Mr. Johnson serves as a member of the following organizations: the NYSE Alternext Listed Council Company Board; the Independent Petroleum Association of America; the Texas Independent Producers and Royalty Owners Association; and the National Stripper Well Association.

Randall Boyd, Director

Randall Boyd, Director

Mr. Boyd was appointed to our Board of Directors on October 25, 2004. Mr. Boyd began his career with IBM in 1979 and served in various capacities including sales, market forecasting/pricing, and industry strategy. He joined Sky Chefs in 1989 and left the company in 2003. In 2001, he was appointed CEO of the Americas Regions, member of the Global Executive Board, and Global Executive Vice President of Marketing and Sales of Sky Chefs. Since 2004 he has been Executive Producer of the television production –Honey Hole” and has been president of R.C. Boyd Enterprises, LLC, the owner of the television production.

Robert L. Gaudin, Director

Robert L. Gaudin, Director

Mr. Gaudin maintains over thirty years of exploration and land management experience in the oil and gas industry and for the last nine years has been the owner of Grande Energy Company and is also an owner of Holland Acquisitions and Extra Energy in Fort Worth, Texas. Mr. Gaudin holds a Bachelor degree from the State University of New York and is an active member in oil and gas industry associations, including The Society of Petroleum Engineers, the American Association of Petroleum Geologists and the American Association of Professional Landmen.

Donald W. Niemiec, Director

Donald W. Niemiec, Director

Mr. Niemiec brings extensive oil and gas experience to the Board. From 1982 to 2000, Mr. Niemiec was employed in various capacities by Union Pacific Resources Group, Inc., including President of Union Pacific Fuels, Inc. and Vice President, Marketing & Corporate Development. From 2000 to the present, he has served as President of WR Energy, LLC, a strategic consulting company for the energy industry and since 2005 has served as CEO and Managing Partner of Avery Taylor Custom Homes. Mr. Niemiec received his Bachelor of Science in Engineering from Princeton University and has attended the Advanced Management Program and the Advanced Marketing Management Program at the Harvard Business School.

William O. Powell, III, Director

William O. Powell, III, Director

Mr. Powell is a senior financial leader with a track record of successfully creating and executing business strategies. As a former partner at PricewaterhouseCoopers, Mr. Powell maintains extensive public company experience in SEC and corporate governance issues as well as business development on a global scale. From 1974 to 2002 Mr. Powell held various positions, including Worldwide Engagement Leader-Partner with PricewaterhouseCoopers, focusing on energy companies. From 2003 to 2004, Mr. Powell was the Vice President and Chief Accounting Officer for La Quinta Corporation and served as Senior Vice President/Chief Financial Officer and Treasurer of ABS Group of Companies from 2005 to 2006. Mr. Powell, a former carrier jet pilot, received his B.S. in Engineering from the U.S. Naval Academy and a B.A. in Accounting from the University of West Florida.

Steven Pully, Director

Mr. Pully, Director was elected to our Board of Directors on May 26, 2009. Since July 2008, Mr. Pully has been the General Counsel of Carlson Capital, L.P. (“Carlson”). Carlson currently beneficially owns approximately 11% of the Company’s common stock. From October 2007 through July 2008, Mr. Pully was a consultant, working primarily in the asset management industry. From December 2001 through October 2007, he worked for Newcastle Capital Management, L.P., an investment partnership, where he served as president from January 2003 through October 2007. He also served as Chief Executive Officer of New Century Equity Holdings Corp. from June 2004 through October 2007. Mr.. Pully previously worked as an energy investment banker at Bank of America Securities, Inc., where he was a Managing Director, and at Bear Stearns, where he was a Senior Managing Director. Mr. Pully serves as a director of Ember Resources and Energy Partners Ltd. Mr. Pully is licensed as an attorney and Certified Public Accountant in the state of Texas and is a Chartered Financial Analyst.

Garrett Smith, Director

Garrett Smith, Director

Mr. Smith founded the Spinnerhawk Companies and certain affiliates, which make private investments in the energy, real estate and health care industries, in February 2005. Before founding Spinnerhawk, Mr. Smith served as a member of the Investment Committee at BP Capital, a private investment firm that focuses on investments in the energy sectors, from December 2001 to December 2004. He was also the portfolio manager of the BP Capital Energy Equity Fund, which he co-founded with T. Boone Pickens in 2000. Previously, Mr. Smith was Chief Financial Officer and Executive Vice President of Pioneer Natural Resources. Pioneer is the corporate successor to Mesa Petroleum Corporation. Mr. Smith currently serves as a member of the board of directors of The Hallwood Group Incorporated, an integrated textile company with certain oil and gas investments, and Pacific Energy Resources Limited, an independent oil and gas company.

David W. Wehlmann, Director

David W. Wehlmann, Director

Mr. Wehlmann was elected to our Board of Directors on December 12, 2007. He currently is the Executive Vice President and CFO of Grey Wolf, Inc. Prior to his time with Grey Wolf, Mr. Wehlmann was Vice President and Chief Accounting Officer of Enervest Management Company, L.C., a privately-held oil and gas property acquisition and management company. Mr. Wehlmann was Controller of Convest Energy Corporation, a publicly traded oil and gas exploration and production company, from April 1991 until November 1994. Mr. Wehlmann is a certified public accountant.