Proven Success

William Hastings

Nova Atlantic's principal investor, William Hastings, is a veteran of 27 years within the Oil & Gas industry at Marathon Oil. Mr. Hastings worked in the Atlantic Basin and lead early, strategic development of major projects in North America, Europe, Africa, and South America. The Equatorial Guinea LNG project was initiated during this period as were the Alvheim FPSO, Volund, and Vilje oil development projects; all in Norway.

Firm: Marathon Oil Company

Market capitalization in the range of $35-40 Billion in 2007.

Completed 27 years service in Operations and New Business Ventures within Marathon
Elected to end service there (2007) as Senior Vice President of Marathon International Petroleum in London.
Was also a Director of Marathon International and President, Marathon LNG Marketing.

Deals and Achievements

Alvheim Complex

$4.5 billion of value generated
Anticipated natural gas shortfalls in the UK
Utilization of substantial tax credits
Low Finding & Development costs (< $10 per barrel found)

EGLNG (Equatorial Guinea)

Acquisition of undervalued stranded gas
Anticipated natural gas shortfalls in America and in the UK
Developed strategic plan, initiated transaction
Further flared natural gas volumes in the Gulf of Guinea targeted

Offshore Gulf of Mexico

Conceived, planned and built:

Both systems are currently owned by Enbridge.

Leadership

Strong business relationships with various National Oil Companies.
Led and/or built teams for projects involving more than 1,000 people.
Completed thirteen papers / speeches on World Natural Gas supply and demand challenges.
Graduated from Purdue University (BS Industrial Management, 1977), and from Indiana University (MBA Finance, 1980)