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Northern Energy Capital Team

Northern Energy Capital (“NEC”) is based in Calgary, Alberta and is 100% owned by Miles Lich and Ken Mullen. NEC partnered with Roundtable in 2016, and sub-advises an investment portfolio under Roundtable that is wholly focused on investing in oilfield services and related industrial businesses in Canada.

Focusing on investable oilfield service businesses in both the private and public arenas in the sector, the investment opportunities available are substantial. The oilfield services sector is struggling through one of the most significant downturns in its history, and the financial and operating capabilities of many of the participants have been severely damaged. At the same time, there are signs of an upturn in both oil and natural gas supply/demand fundamentals.

The first Oilfield Services Fund was launched in June 2016 – NEC Fund I Canadian LP. The portfolio team includes highly experienced portfolio management experts Miles Lich (formerly with Northern Plains Capital Corp.) and Jim Allan (current Chair of Roundtable), and industry veteran Ken Mullen (formerly with Savanna Energy Services Corp.).


miles lich

Miles Lich P. Eng - Founding Partner of NEC

Prior to starting Northern Energy Capital, Miles Lich was co-founder of Northern Plains Capital, former executive in residence at ARC Financial and was a principal/analyst at Peters & Co. He currently serves on the board of Canyon Services Group and is the Chairman of Anegada Oil Corporation. He is past Chairman and CEO of Horizon Drilling and served on the boards of Pure Energy Services, Frac Source and Canadian Sub-surface.

Prior to his career in financial services, Miles spent 11 years at Gulf Canada Resources and is a Petroleum Engineer. He has previously managed three successful oilfield services LPs (via Northern Plains Capital) in 2005, 2006 and 2008 with a similar mandate and structure.

B.Sc in Petroleum Engineering - Montana College of Mineral Science and Technology, 1986
Professional Engineer – Association of Professional Engineers and Geoscientists of Alberta, 1988
Published the Oil Field Services chapter in the “Handbook of Canadian Securities Analyst”, 2000
Canadian Securities Course - CSI Global Education Inc., 2000
Research Analyst qualification courses Series 7 (2004) and Series 87, 2005
Institute of Corporate Directors (ICD) Directors' Education Program, 2007


ken mullen

Ken Mullen LLB, CA - Founding Partner of NEC

Prior to starting Northern Energy Capital, Ken Mullen was co-founder, President & CEO, and Director of Savanna Energy Services (2001-2015) and Director, President & CEO of Plains Energy Services (1996-2000). He currently serves on the Board of Canyon Services Group and Manitok Energy Inc.

He formerly served on the board of Calloway REIT, Badger Daylighting Inc and Total Energy Services and was an advisor to Miles Lich at Northern Plains Capital during the term of the three LPs mentioned above. Ken is a lawyer and CPA focusing on oilfield service companies, with extensive experience in deal structuring and negotiation.

Bachelor of Commerce - University of Calgary, 1983
Chartered Accountant, ICAA (Alberta), 1985
CICA In-Depth Tax Course, 1988
Bachelor of Law - University of Calgary, 1989
Barrister & Solicitor - Alberta Law Society, 1992
Institute of Corporate Directors ICD.D, 2011
Canadian Securities Course - CSI Global Education Inc., 2015

Business Advisory Council

The Business Advisory Council is comprised of a dynamic group of accomplished professionals from diverse business backgrounds. Our council acts as a sounding board to Roundtable's business strategies and opportunities.


Robert Blakely LLB

President, Likrilyn Capital Corporation

Lawyer, entrepreneur, private investor

Board Member of Tourmaline Oil Corp.

Advisor to Miles Lich at Northern Plains Capital during the term of the three previous oilfield services LPs


Andrew Bradford CFA, MA

Managing Director & Head of Canadian Energy Research, Raymond James Ltd.

Oilfield Services Analyst and Global Head of Energy Research; Canaccord Capital (2006-2007)

Top Brendan Woods Rankings for last 8 years, Multiple StarMine Award Winner


Rod MacKenzie P.Eng.

President and General Manager, Legato Resources

Vice President and General Manager of Varel Rock Bits Canada (2007-2010)

Co-Founder, Pendemak Industries, Edmonton-based oilfield drill bit company, sold to Varel International (1990-2007)

General Field Engineer for Schlumberger of Canada (1985-1990)