Bellatrix Exploration Ltd.

Bellatrix Exploration Ltd.

Sector: Crude Petroleum And Natural Gas Region: Canada

: | Toronto Stock Exchange: BXE | NYSE MKT: BXE

Bellatrix Exploration Ltd is a Calgary, Alberta-based intermediate energy producer focused on exploration and development of light oil and liquids-rich natural gas opportunities in some of the most exciting plays in the Western Canada Sedimentary Basin.

Currently the Company is focusing on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta’s deep basin boasts abundant, liquids-rich natural gas with compelling economics. The Cardium is a highly economic investment that has the potential to add substantial reserves, production and long term economic value for our shareholders. Both plays have thick resource rich reservoirs with exceptional subsurface control which have proven to be predictable and repeatable with the application of modern drilling and completion techniques.

Bellatrix is traded on the Toronto Stock Exchange and NYSE MKT under the symbol BXE.

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Raymond G. Smith, P. Eng., President, Chief Executive Officer and Director
President and Chief Executive Officer of Bellatrix Exploration Ltd. (formerly True Energy) since January 2009, and a Director of Bellatrix since March 2005. Chairman of the Board of Madelena Ventures Inc. since October 2005. Chairman of the Board of Online Energy Inc. since January 2011. Prior thereto, President, CEO and Chairman of Cork Exploration Inc., Chairman, President and Chief Executive Officer of Meridian Energy Corporation and President and Chief Executive Officer of Corsair Exploration Ltd
Edward J. Brown, C.A, Executive Vice-President, Finance and Chief Financial Officer
Executive Vice-President, Finance and Chief Financial Officer of Bellatrix Exploration Ltd. (formerly True Energy) since July 4, 2006; prior thereto, from March 2005 to June 2006, Vice-President, Finance and Chief Financial Officer of Petrofund Energy Trust; from February 2002 to March 2005, senior financial officer of Duke Energy Field Services.
Brent A. Eshleman, P. Eng, Executive Vice-President & COO
Executive Vice-President of Bellatrix Exploration Ltd. since July 2012. Prior thereto, from December 2004 to January 2012, Vice-President Engineering and Exploitation of Daylight Energy Ltd., from May 2000 to November 2004 Director Northern Alberta of Calpine Canada, from May 1998 to April 2000 Manager Engineering of Ulster Petroleum Ltd. Mr. Eshleman has over 26 years of industry experience and has worked in many capacities of oil and gas companies.
Tim A. Blair, Vice-President, Land
Mr. Blair is Vice-President Land, of Bellatrix Exploration Ltd. and is responsible for Bellatrix's land related activities. He joined Bellatrix Exploration as Vice-President, Land in October 2009. Mr. Blair has 29 years of industry experience; throughout his career Mr. Blair has worked in many capacities within Management and Land departments of junior, intermediate and major oil and gas companies.
Chris D. Curry, C.A., Vice-President, Controller
Vice President and Controller of Bellatrix Exploration since May 2014. Prior thereto, held the role of Director Finance and Corporate Development at Native American Resource Partners since September 2011. Prior thereto, Mr. Curry held progressively senior finance roles over the past 15 years at NuVista Energy Ltd., Enerplus Resources Fund and Precision Drilling Corporation
Leanne K. Gress-Blue, C.A., Vice-President, Finance
Vice-President, Finance of Bellatrix Exploration Ltd. since April 2013. Prior thereto, held the roles of Treasurer and Manager, Finance of Bellatrix Exploration Ltd. (formerly True Energy) since June 2005. Prior thereto, Ms. Gress-Blue held management roles in financial, controllership and accounting capacities of major, intermediate and junior oil and gas and utility companies culminating in over 20 plus years of financial and industry experience.
Charles R. Kraus, Esq., Vice-President, General Counsel & Corporate Secretary
Mr. Kraus is Vice President, General Counsel & Corporate Secretary of Bellatrix Exploration Ltd., and in that capacity is responsible for the legal, corporate secretarial and human resource functions of Bellatrix. Mr. Kraus joined Bellatrix in September 2014 after three years with another Calgary-based oil and gas exploration and development company where he was an executive officer and the general counsel. Prior thereto, Mr. Kraus was in private practice for 10 years, most recently with the Calgary office of Stikeman Elliott LLP, where he focused on cross-border public and private capital markets transactions, mergers and acquisitions and corporate governance. Mr. Kraus is a Canadian and U.S. qualified lawyer and received his law degree (J.D., magna cum laude) from Hamline University School of Law in St. Paul, Minnesota in 2001. Mr. Kraus is admitted to the bars of Alberta, Washington and Minnesota, and is a member of several Canadian and United States legal associations, including the Association of Corporate Counsel, where he is a member of the board of directors of the Alberta Chapter.
Kelly M. Nichol, Vice-President, Business Development
Mr. Nichol is Vice-President Business Development of Bellatrix Exploration Ltd. Prior thereto was Vice –President Business Development for Daylight Energy. Mr. Nichol began his career with Petro Canada and has nearly 30 years of diverse industry operations and M&A experience including nearly 10 years International in Qatar, United Arab Emirates, Azerbaijan and Venezuela.
Russell G. Oicle, P. Geol., Vice-President, Exploration
Vice-President, Exploration of Bellatrix Exploration Ltd. (formerly True Energy) since November 24, 2008; prior thereto, from July 2007 to November 2008, Exploration Supervisor of Penn West Energy Trust; from May 2005 to July 2007, President, RGO Resources, a private geological consulting company; from November 2002 to May 2005, Vice Pesident, Exploration and Chief Operating Officer of Relentless Energy Corp.; prior thereto, Vice President of Exploration of Ulster Petroleums Ltd.
Mark L. Stephen, P. Eng., Vice-President, Operations
Mr. Stephen is Vice President, Operations and is a Professional Engineer with over 30 years of industry experience. He joined Bellatrix in June 2011 as the Manager of Drilling and Completions working up to the Director of Drilling and Completions in 2013. Prior to joining Bellatrix, Mr. Stephen was the Vice President of Operations at Orleans Energy Ltd. He has held various positions of responsibility with Altana, EnCana, and Birchcliff Energy Ltd. Mr. Stephen earned a BSc of Petroleum Engineering from the Montana College of Mineral Science and Technology. He is a registered member of the Association of Professional Engineers and Geoscientists of Alberta and a member of the Society of Petroleum Engineers.
Steve G. Toth, CFA, Vice-President, Investor Relations
Vice President, Investor Relations of Bellatrix Exploration since October 2014. Prior thereto held the role of Senior Financial Analyst and joins Bellatrix from a leading global wealth management and investment firm, where he most recently held the position of Director, Oil & Gas Equity Research Analyst. Prior thereto, Mr. Toth worked for one of Canada's largest and foremost financial institutions, within both the buy-side and sell-side areas of its business. Mr. Toth received a Bachelor of Commerce degree (with Distinction) from the University of Calgary in 2001, and obtained his Chartered Financial Analyst designation in 2005.
Garrett K. Ulmer, P. Eng., Vice-President, Engineering
Vice-President, Engineering of Bellatrix Exploration Ltd. Prior thereto, held roles of production engineer, production manager, and manager of exploitation and acquisitions of Bellatrix Exploration Ltd. (formerly True Energy) since January 2008. Mr. Ulmer brings 18 years of engineering experience to his role and a demonstrated leadership capability.

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