The Team

Dr. Magdy L Bassaly

President and CEO

Dr. Magdy L. Bassaly has over 18 years of experience in the international energy sector. He founded the National Geophysical Company in 1996 as well as the National Exploration Company. He founded Alliance International Petroleum Company that held the Lagia development lease in Egypt (Alliance Egyptian National Oil Company). Dr. Bassaly is currently the President of MENA Offshore Oil Company and the Chairman of Child Support Foundation (international charity foundation for children in Africa).



Jason Bednar

VP & CFO

Mr. Jason Bednar is a Chartered Accountant with more than 15 years professional experience. Mr. Bednar is currently the Chief Financial Officer of Sagres Energy Inc., (since June 2009) and Chief Financial Officer of MENA Hydrocarbons Inc. (since May 2010). He was the founding Chief Financial Officer of Pan Orient Energy Corp., a South East Asia Exploration company, from 2004 to May 2009, past Manager of Financial Reporting for Canadian 88 Energy Corp. (1998-2002) and former Controller of Canadian Superior Energy Inc. (2002-2004). He is a member of the boards of directors of Canacol Energy Inc. and Solimar Energy Limited.

Technical: Leonard J-M Julien, Operations Manager

• Over 30 years Petroleum Industry experience in North America and Internationally.
• Production Engineering, Reservoir Engineering and Operations Management Background
• Heavy Oil exploitation and production experience in Canada, Trinidad, China, Egypt and Syria.
• Most recently was Manager, Thermal Operations and EOR - Pearl Exploration and Production Ltd., managing the development of Pearl’s Onion Lake (Saskatchewan, Canada) and San Miguel Tar Sands (Maverick County, Texas, USA) heavy oil assets.