E. Craig Lothian

Executive Chair

Mr. Lothian obtained his B.A. (1986) and LL.B. (1988) from the University of Saskatchewan and rose to partnership of a Regina-based law firm prior to entering the energy business. Prior to founding Lex Capital in 2009, Mr. Lothian founded a series of successful private oil companies, serving as CEO of the first three and then Executive Chair of the fourth. Those companies (Keystone Energy Inc., Keystone Energy Corp., Villanova Energy Corp. and Villanova Resources Inc.) sold for collective proceeds in excess of $300 million and generated a 3.7X Gross Multiple for initial investors.

Mr. Lothian was a founder and Executive Chair of Villanova Oil Corp. (an investee of LCP and LEP), which was initially capitalized in July 2010 and sold in April 2013 to Legacy Oil + Gas Inc. for $124 million. Mr. Lothian was also a founder and Executive Chair, and from September 2015 until its sale in July 2018, Acting CEO of Villanova 4 Oil Corp. (an investee of LEP, LEP II and LEP III). Villanova 4 (initial capitalization in July 2012) was sold in July 2018 to TORC Oil & Gas Ltd. for approximately $67 million. Additionally, in April 2022, Topaz Energy Corp. acquired Keystone Royalty Corp. (a private land and royalty company that Mr. Lothian founded and led as the President/ CEO and Chair) for $96 million, equating to a 24.9X Gross Multiple for initial investors.

In addition to being the majority shareholder and Executive Chair of Lex Capital, Mr. Lothian sits on the Board of Lex Capital Corp. (a multi-family office) and is the Chair of Villanova Energy Inc.

Dean Popil

Managing Partner & CEO

Mr. Popil is a Managing Partner and the Chief Executive Officer of Lex Capital. Dean holds a B. Admin (Distinction) from the University of Regina, the Chartered Business Valuator (CBV) designation and the Chartered Financial Analyst (CFA) designation and is a recipient of the Governor General's Medal of Canada. Mr. Popil has been actively involved in managing numerous private equity and venture capital funds over the last 22 years. Mr. Popil is responsible for managing all the due diligence and underwriting of investment opportunities as well as he is actively involved in sourcing new deals, negotiating and structuring terms and raising capital. Mr. Popil currently sits on the Boards of Artis Exploration Ltd., Woodland Development Corp., and PointBreak Resources Inc. and is a Member of Leaders Council at the Hill and Levene Schools of Business, University of Regina.

Curtis Armstrong

Managing Partner & CFO

Mr. Armstrong is a Managing Partner and the Chief Financial Officer of Lex Capital. Mr. Armstrong obtained a Bachelor of Science degree in Management and Finance (Distinction) from Minot State University where he was a three time All-American in track and field. Mr. Armstrong holds the Chartered Financial Analyst (CFA) designation and has over 21 years of private equity and corporate finance experience. Mr. Armstrong is responsible for financial, accounting and compliance activities as well as assisting with due diligence and underwriting of investments. Mr. Armstrong currently sits on the Board of Archer Exploration Corp.

Ryan Thompson

Partner & VP, Investments

Mr. Thompson is a Partner and Vice President, Investments at Lex Capital, where he is responsible for the due diligence, underwriting, and monitoring of investments. Mr. Thompson has 17 years of experience in capital markets and the oil and gas industry. Prior to joining Lex Capital, Mr. Thompson was a Senior Analyst at the Ross Smith Energy Group (“Ross Smith”) in Calgary, a former boutique, independent oil and gas research firm. At Ross Smith, Mr. Thompson was primarily responsible for conducting research on various oil and gas plays and companies across western Canada and the U.S. Mr. Thompson obtained a Bachelor of Administration from the University of Regina and holds the Chartered Financial Analyst (CFA), Chartered Business Valuator (CBV), and Certified Public Accountant (CPA, North Dakota) designations.

Tyler Mueller

Senior Investment Manager

Mr. Mueller is a Senior Investment Manager at Lex Capital, where he is responsible for assisting in the due diligence, underwriting and monitoring of investments. Mr. Mueller obtained a Bachelor of Science degree in Finance (Summa Cum Laude) and Master of Science in Finance from the University of Massachusetts Lowell. Mr. Mueller holds the Chartered Financial Analyst (CFA) designation.

Jarvis Korte

Controller

Mr. Korte is the Controller for Lex Capital and the various funds under management.

Mr. Korte has 18 years of accounting experience. Prior to Joining Lex Capital Mr. Korte spent 3 years as the Controller for a group of companies involved in food manufacturing, farming, and animal feed manufacturing. Before this, Mr. Korte was in upstream oil and gas for 9 years. This experience included 4 years as the CFO of a small junior oil company, and 5 years as the Controller for the crude oil business of a large Saskatchewan based company.

Mr. Korte obtained a Bachelor of Commerce from the University of Saskatchewan and holds the Chartered Professional Accountant (CPA) designation.

Sally Nameth

Office Manager

Ms. Nameth is the office manager for Lex Capital. Ms. Nameth has over 19 years of private equity and venture capital accounting and fund administration experience. Previously, she was the Controller for a venture capital management firm. Ms. Nameth brings a strong financial and regulatory background from previous experience in the credit union system.