Redstone Oil Corp
The Opportunity
Redstone Oil Corp is positioned to exploit a structural dislocation in Western Canadian upstream oil and gas. Fifteen years of consolidation have reduced the number of publicly listed Canadian E&P companies by more than 40%, from approximately 235 to 135, while exploration-focused juniors have contracted even more sharply. The survivors have pivoted decisively toward capital returns: the sector now distributes approximately $12 billion annually in dividends alone, a 500% increase since 2010, with buybacks adding billions more. This capital discipline is rational for mature operators harvesting legacy positions, but it has created an exploration vacuum.
Redstone was formed to fill that vacuum. With fewer teams competing for organic opportunities, improved drilling economics, and a favorable service cost environment, the Company believes disciplined, technically driven exploration can generate exceptional risk-adjusted returns at this point in the cycle.
Geology First Approach Always Wins
Redstone’s approach is grounded in the belief that the greatest long-term value creation in the upstream business comes from doing a few things exceptionally well:
Derisking opportunities by making geotechnically informed decisions.
Generating portfolios of grassroots ideas. If one idea doesn’t work, move on. FAIL FAST: Don’t get stuck.
Expanding capital when risk has been mitigated.
Operating safely, professionally, and with respect for stakeholders
Preserving flexibility across commodity cycles
This philosophy guides how we evaluate opportunities, pace investment, and build the organization over time.
Our Mission
To build a profitable, growth-oriented upstream company in the Western Canadian Sedimentary Basin by applying technical excellence and geotechnical rigor within strict capital and safety guardrails that deliver strong returns on capital, growing operating income, and long-term value for shareholders.
Our Vision
To create lasting shareholder value through the systematic discovery and development of oil and gas resources.
Our Values
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Redstone’s decisions begin with geoscience and engineering. We believe that durable value creation in the Western Canadian Sedimentary Basin requires a clear understanding of subsurface risk, reservoir behavior, and development repeatability. Technical work is not an input to justify capital deployment—it is the gatekeeper that determines whether capital is deployed at all.
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Capital is a finite resource that must be allocated deliberately. Redstone advances projects through defined decision gates, increasing capital intensity only as technical and commercial risk declines. This discipline is intended to prevent overcapitalization, preserve balance sheet flexibility, and protect long-term shareholder value across commodity cycles.
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Safe, professional execution is foundational to sustainable operations. Redstone treats health, safety, and environmental performance as prerequisites for advancement, not secondary considerations. Protecting people, assets, and the operating environment reduces disruption, supports predictable execution, and underpins long-term value creation.
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Redstone operates with a high standard of conduct, transparency, and responsibility. Clear governance, defined roles, and disciplined processes are essential to sound decision-making and credibility with investors, regulators, counterparties, and stakeholders. Accountability applies at every level of the organization.
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Management and founders think and act like long-term owners. Decisions are evaluated based on full-cycle economics, control preservation, and risk-adjusted outcomes rather than short-term metrics or market optics. This proprietorship mentality aligns management with shareholders and supports durable value creation over time.
Our Team
Management Team
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Trent Boehm
President & Chief Executive Officer
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Jerry Lam
Chief Financial Officer
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Chris Kirby
Chief Operating Officer
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Steven Metzger
Vice President, Exploration
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Ray Bang
Vice President, Land
Board of Directors
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Mark Stainthorpe
Director