Mainland Resources, a Nevada-based junior company engaged in the exploration and development of oil and gas resources, has re-appointed William Thomas as chief financial officer (CFO)/treasurer, replacing Mark Witt. Thomas formerly served the company as interim CFO from 9 July 2008 to 22 September 2009, but resigned the position in order to satisfy commitments to other interests, which are now complete.
Thomas has broad experience in working with growth-oriented energy companies and his intimate understanding of financial structures, particularly in the areas of new and emerging projects. He has had a lengthy career in senior management, finance and accounting for the natural resource sector spanning more than 30 years. He was most recently CFO of Hana Mining, a Canadian copper/silver exploration company that has experienced significant growth in its business.
In the oil and gas sector, most notably, Thomas held various successive management positions with Kerr McGee Corporation’s China operations, 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 Kerr McGee’s China operations. While in China, Thomas was responsible for general management, 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.
In his early career, Thomas also held senior management positions in the finance divisions of Norcen Energy (1981-1984), Denison Mines, (1978-1981) and Algoma Steel Corporation (1977). He was also a senior auditor for the accounting firm, Coopers & Lybrand (1975-1977).
Thomas attained his chartered accountant (CA) designation from the Canadian Institute of Chartered Accountants in 1977. He holds an Honours Bachelor of Commerce and Finance from the University of Toronto.
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