Meet Our Team

Michael Kostashuk P.Geo. PMP – B.Sc. Engineering, M.Ec. Petroleum Economics, Certified Project Manager, Lean Six Sigma Black Belt with 5S+ Certification, Commercial Pilot – is the Managing Partner of FMPetro and has 40 years of upstream oil and gas industry experience in over twenty countries worldwide. He has worked in executive roles in operations management, project planning and execution, and senior strategic management positions with Canadian, US, Middle Eastern and African companies since the 1980s. Mike has leadership expertise in successfully implementing large and small EPC projects in onshore and offshore locations across the globe.

Mike’s consulting experience includes numerous Canadian and US operating firms across a wide range of industries. He has been recognized for superior engagement performance and has helped his clients achieve their respective business objectives and key results. Mike has taken overseas residency in a number countries throughout his life and is a seasoned traveler across both developed and remote regions of the world. Mike’s experience includes new company start-up, economic analyses, Securities & Exchange Commission (SEC) reporting, frontier exploration, and project management on major capital projects exceeding US$10 billion in total. His leadership experience includes executive and management positions in international and Canadian firms. His responsibilities include:

• organization turn-around and performance improvement through achievement of targeted outcomes and management/employee engagement;

• management of strategic and asset planning for gas, oil, heavy oil/bitumen, and LNG projects worldwide;

• leading highly-experienced technical and commercial teams, recently Mike was country manager for a small international producer leading record daily production and operations recovery following terrorist attacks and facilities restrictions;

• assuring indigenous participation and benefits realization in energy project execution and operations;

• registered Professional Geophysicist in Alberta (APEGA), Non-Practicing Professional Geoscientist in British Columbia (APEGBC), certified global Project Manager.

Mr. Hugh Loney, P.Geol., Geoscience Team Leader, has 20 years of experience in the oil and gas sector. Hugh has an exemplary track record for finding and developing Hydrocarbon plays in western Canada. He is an independent geologist that analyzes and interprets geological, geophysical and engineering data to determine project viability for investors. Hugh has held numerous positions in the petroleum industry including Exploration and development, reserves reporting, and finance. Mr. Loney has drilled or evaluated hundreds of deep and shallow oil and gas horizons in western Canada and has been credited with numerous discoveries throughout his career. Previously, Hugh has held a positions at TransNation Resources, Edge Resources Limited, and Ryder Scott Petroleum Consultants.

Hugh holds a Bachelor of Science degree in Geology from University of Calgary and he is a member of the Association of Professional Engineers and Geoscientists of Alberta (APEGA).