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Parker Drilling Company

Parker Drilling Company (Parker Drilling) is a provider of contract drilling, and drilling-related services and rental tools and services. The Company's business consists of two business lines: drilling services and rental tools services. Its Rental Tools Services business includes U.S. Rental Tools and International Rental Tools segments, and its Drilling Services business includes its U.S. (Lower 48) Drilling, and International & Alaska Drilling segments. In its Drilling Services business, the Company drills oil and gas wells for customers in both the United States and international markets. In its Rental Tools Services business, the Company provides rental equipment and services to exploration and production (E&P) companies, drilling contractors and service companies on land and offshore in the United States and select international markets. As of December 31, 2016, the Company had operations in 20 countries.

Stock Exchange
Symbol
New York Stock Exchange
Locations
Parker Drilling Company
5 Greenway Plz Ste 100 HOUSTON   TX   77046-0506

Website: http://www.parkerdrilling.com
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Gary Rich

Chairman of the Board, President, Chief Executive Officer

Mr. Gary G. Rich is Chairman of the Board, President, Chief Executive Officer of Parker Drilling Co., since 2014. He is an industry veteran with over 30 years of global technical, commercial and operations experience. Mr. Rich came to Parker Drilling after a 25-year career with Baker Hughes Incorporated. Mr. Rich served as vice president of global sales for Baker Hughes from August 2011 to October 2012, and prior to that role, he served as president of that company’s European operations from April 2009 to August 2011. Previously, Mr. Rich was president of Hughes Christensen Company (HCC), a division of Baker Hughes primarily focused on the production and distribution of drilling bits for the petroleum industry.
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Michael Sumruld

Chief Financial Officer, Senior Vice President

Mr. Michael W. Sumruld is appointed as Chief Financial Officer, Senior Vice President of the company effective October 1, 2017. He most recently held the position of Vice President and Chief Accounting Officer from January throughSeptember 2017at LyondellBasell Industries N.V., one of the largest plastics, chemicals and refining companies in the world. In his role there, he had global responsibility for corporate accounting, financial reporting, and internal controls. Prior to LyondellBasell, Mr. Sumruld worked at Baker Hughes Incorporated, a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. During his 18 year tenure, he held a range of financial roles, including most recently Vice President and Treasurer; Vice President Finance - Eastern Hemisphere; and Director - Investor Relations. Additionally, he held financial roles covering the U.S.,Latin America, and the Eastern Hemisphere as well as global financial roles covering several product lines. Mr. Sumruld is a certified public accountant and holds a bachelor's degree in accounting from theUniversity of Houstonand an MBA from Texas A&M University.
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Jon-Al Duplantier

Senior Vice President, Chief Administrative Officer, General Counsel, Secretary

Mr. Jon-Al Duplantier is re designated as Senior Vice President, Chief Administrative Officer, General Counsel, Secretary of the company effective October 1, 2017. He has been with Parker Drilling since September 2009, when he joined the Company as Vice President and General Counsel. In 2012 he was promoted to Senior Vice President, and in 2013 he took on the additional role of Chief Administrative Officer, which currently oversees the Company's legal and compliance; internal audit; human resources; supply chain; quality, health, safety, security and environment; aviation; and risk management organizations. Prior to joiningParker Drilling, Mr. Duplantier served in several U.S. and international legal and management roles of expanding scope and responsibility over a 17-year career at ConocoPhillips.
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Peter Fontana

Director

Mr. Peter T. Fontana is Director of Parker Drilling Company. Mr. Fontana is the former chief operating officer of Weatherford International , a global provider of equipment and services used in drilling, evaluation, completion, production and intervention of oil and natural gas wells. He retired from Weatherford in 2013, having served as chief operating officer since 2010. Mr. Fontana joined Weatherford in January 2005 . Prior to joining Weatherford , Mr. Fontana held leadership positions with Baker Hughes, Forasol/Foramer and The Western Company of North America . Mr. Fontana holds a master's of business administration from Southern Methodist University and is the inventor and co-inventor on several U.S. patents. He has authored numerous technical papers focused on improved drilling operations.
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Jonathan Clarkson

Independent Director

Mr. Jonathan M. Clarkson is Independent Director of Parker Drilling Co. Since May 2012, Mr. Clarkson has been a consultant to and Chief Financial Officer for Matrix Oil Corporation, a privately held company active in oil and gas exploration and production since May 2012. Mr. Clarkson retired in December 2011 from the Houston Region of Texas Capital Bank, a subsidiary of Texas Capital Bancshares, Inc., where he served as President, Chief Executive Officer and Chairman from 2003 until 2011. From 1999 to 2002, he served as President and Chief Financial Officer for Bargo Energy Company and its successor company Mission Resources Corporation. From 1987 to 1999, Mr. Clarkson served as Executive Vice President and Chief Financial Officer for Ocean Energy Corporation and its predecessor company, United Meridian Corporation. Prior to 1987, Mr. Clarkson held several senior management positions at InterFirst Corporation and its subsidiary First National Bank in Dallas, Texas. Mr. Clarkson currently serves on the board of Memorial Production Partners GP LLC, the general partner of Memorial Production Partners LP, a domestic energy firm focused on the acquisition and exploitation of domestic oil and gas properties. From 2006 to 2009, Mr. Clarkson served on the board of Edge Petroleum Corporation where he was Chairman of the Audit Committee and a member of the Compensation Committee. Since 2010, Mr. Clarkson has served on the advisory board of Rivington Capital Advisors, LLC, an investment banking firm specializing in private capital and mergers and acquisition transactions for the small- and mid-cap energy sectors. He meets the requirements of a Sarbanes-Oxley audit committee financial expert pursuant to Item 407(d)(5)(ii) of Regulation S-K. As a former chief financial executive of public companies, the Board believes Mr. Clarkson brings significant financial expertise, including an understanding of financial risk management, and experience in preparation and review of financial statements and disclosure documents.
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George Donnelly

Independent Director

Mr. George J. Donnelly is Independent Director of Parker Drilling Co. He is a Managing Partner of Lilo Ventures, a venture capital firm, having held this position since 2001. He also serves on the board of directors and as chairman of Global Suppliers, a minority-owned private company that provides equipment to the petroleum and chemical industry. He served as President and Chief Executive Officer of the Houston Hispanic Chamber of Commerce during 2005 and 2006 and as President of the San Jacinto Museum of History from 2000 to 2002. Between 1988 and 2000, Mr. Donnelly served as Vice President of Russell Reynolds Associates and as Vice Chairman of Spencer Stuart Associates, both executive search firms. He began his career at Texaco Inc. in 1962 and served in various roles at Texaco Inc. and Gulf Oil Company until 1998, including Vice President of the Worldwide Energy and Minerals Division, Vice President of the Latin American division and head of the Washington, D.C. office. Mr. Donnelly serves on the board of directors of Avanti Energy, Inc., Greater Houston Partnership (World Trade), the Center for Houston’s Future, United Way of Greater Houston, KIPP Charter Schools, the Health Museum of Houston, the San Jacinto Monument and Museum and the Institute of International Education.
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Robert Goldman

Independent Director

Mr. Robert W. Goldman is Independent Director of Parker Drilling Co. He is retiring from the Board of Directors effective May 7, 2015. He retired from Conoco Inc. in 2002 after 14 years of service, most recently as Senior Vice President - Finance and Chief Financial Officer. Prior to that time, he was employed for 23 years by E. I. du Pont de Nemours & Co. in a variety of domestic and international finance and operating assignments. Since 2002, he has been self-employed as a financial consultant. From 2003 through 2008, Mr. Goldman served as the elected Vice President-Finance of the World Petroleum Council. He is a member of the Financial Executives Institute and a member of the Advisory Board of Global Infrastructure Partners, a private equity fund investing in the global energy, transportation and water infrastructure sectors. He formerly served on the board of directors of El Paso Corporation and is currently on the boards of directors of The Babcock & Wilcox Company Inc. and Tesoro Corporation, as well as the Board of Trustees of Kenyon College, Gambier, Ohio. From 2005 until 2010, he also served on the board of directors of McDermott International, Inc.
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Gary King

Independent Director

Mr. Gary Robert King is Independent Director of Parker Drilling Co. He is the Managing Partner of the Matrix Partnership, a strategic advisory firm focused on natural resources and based in Dubai, U.A.E. In 2014, he served as the Chief Executive Officer of Regalis Petroleum, a privately held African oil exploration company. From 2012 to 2014, Mr. King served in various positions with the Dutco Group, a diversified infrastructure investment and development company based in Dubai: President of Tarka Resources, Inc., Vice Chairman of Manti Resources, LP, and CEO of Dutco Natural Resources Investments Limited. In 2011, Mr. King was President of Natural Resources and Commodities at First Capital Switzerland Investment Bank in Dubai. In 2008 and 2009, Mr. King was the founding Chief Executive Officer of the investment fund Dubai Natural Resources World. From 2005 until 2009, he served as the first Chief Executive Officer of the Dubai Mercantile Exchange. From 2001 to 2005, Mr. King served as Senior Vice President in the infrastructure funds and treasury and commodities groups in Macquarie Bank Ltd./Abu Dhabi Commercial Bank and as Regional Head - Energy Group and Specialized Funds Group in Dubai at Standard Bank London Ltd. During this time he also served as a Managing Director of Matrix Commodities DMCC, based in Dubai. From 1997 to 2001, he served in senior management roles at Emirates National Oil Company, Dragon Oil PLC and TransCanada International Petroleum. From 1994 to 1997, he served as Vice President - Commodities Trading Group for Morgan Stanley (Singapore). From 1983 to 1994, he served in a variety of roles within exploration and production and oil trading and supply at Neste Oy (national oil and energy company of Finland), after beginning his career as an exploration geologist in 1980. Mr. King is a member of the National Association of Corporate Directors. He serves on the board of directors and is a member of the audit committee of Canadian listed Serinus Energy Inc., and serves on the board of directors
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Richard Paterson

Independent Director

Mr. Richard D. Paterson is Independent Director of Parker Drilling Co. He is retired from PricewaterhouseCoopers LLP (PwC), an international network of auditors, tax and business consultants, in June 2011 after 37 years of service. At the time of his retirement, Mr. Paterson served as PwC’s global leader of PwC’s Consumer, Industrial Products and Services Practices (comprising the automotive, consumer and retail, energy utilities and mining, industrial products, pharmaceutical and health industries sectors) and also as the Managing Partner of the Houston Office and U.S. Energy Practice. These practices comprised roughly half of PwC’s global revenues. From 2001 to 2010, Mr. Paterson was PwC’s Global Leader of its Energy, Utilities and Mining Practice and also was the lead audit engagement partner responsible for the audits of ExxonMobil Corporation from 2002 to 2006. From 1997 to 2001, Mr. Paterson lived in Moscow, Russia, and led PwC’s Energy Practice for Europe, Middle East and Africa and also was the lead audit engagement partner responsible for the audits of OAO Gazprom for those years. Prior to 1997, Mr. Paterson was responsible for the audits of numerous PwC clients, principally in the Energy Sector. He began his career with PwC in Battle Creek, Michigan in 1974, served in seven PwC offices, including four years in the National Office in New York, and was admitted as a partner of PwC in 1987. Mr. Paterson is a member of the National Association of Corporate Directors. NACD has named him a Board Leadership Fellow due to his demonstrated commitment to boardroom excellence by completing NACD’s comprehensive program of study for corporate directors.
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Roger Plank

Independent Director

Mr. Roger B. Plank is Independent Director of Parker Drilling Co. He serves as the Presiding Director of the Board. He retired as President and Chief Corporate Officer in March 2014 after a 32 year career with Apache Corporation. From 2009 to 2011 he served as President of Apache Corporation. From 2000 to 2009, he served as Executive Vice President and Chief Financial Officer, and was Vice President and Chief Financial Officer from 1997 to 2000. Prior to 1997, Mr. Plank served as Vice President of Planning and Corporate Development, Vice President of Corporate Communications and Vice President of External Affairs for Apache. Mr. Plank is co-chairman of Houston’s Alley Theatre capital campaign. The Board believes that, as a former executive of a public oil and gas exploration and production company, Mr. Plank brings tremendous oil and gas industry experience to the Company.
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Zaki Selim

Independent Director

Mr. Zaki Selim is Independent Director of Parker Drilling Company. Mr. Selim, serves as a senior advisor with First Reserve, a private equity investment firm focused on global energy and infrastructure investments, a position he has held since 2013. In 2013 Mr. Selim was elected the non-executive Chairman of the board of directors of Glasspoint, Inc., a manufacturer of solar steam generators for use in the oil and gas industry. In 2012 Mr. Selim joined the board of directors of Total Safety U.S., Inc., a privately held industrial safety service provider. From 2010 to 2012 Mr. Selim served as Chief Executive Officer of PetroPro, an energy consulting business based in Dubai, United Arab Emirates. From 1983 until 2010, Mr. Selim held progressive management positions within Schlumberger Limited, retiring as the Area President for Oilfield Services – Middle East/Asia. He is a member of the Society of Petroleum Engineers (SPE), holds a bachelor’s degree in mechanical engineering from Cairo University’s Faculty of Engineering and attended the management program at Harvard Business School. As a former senior executive with a leading oilfield service provider, the Board believes Mr. Selim brings significant operational and business experience to the Company.
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Greg Rosenstein

Director - Investor Relations


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  1. OilGasSX'S PROPRIETARY RIGHTS

The user of the OilGasSX website acknowledges and agrees that the Service and any necessary software used in connection with the Service ("Software") contain proprietary and confidential information that is protected by applicable intellectual property and other laws. The user of the OilGasSX website further acknowledges and agrees that Content contained in sponsor advertisements or information presented to the user of the OilGasSX website through the Service or advertisers is protected by copyrights, trademarks, service marks, patents or other proprietary rights and laws. Except as expressly authorized by OilGasSX or advertisers, the user of the OilGasSX website agrees not to modify, rent, lease, loan, sell, distribute or create derivative works based on the Service or the Software, in whole or in part.

OilGasSX grants the user of the OilGasSX website a personal, non-transferable and non-exclusive right and license to use the Service; provided that the user of the OilGasSX website does not (and does not allow any third party to) copy, modify, create a derivative work of, reverse engineer, reverse assemble or otherwise attempt to discover any source code, sell, assign, sublicense, grant a security interest in or otherwise transfer any right in the OilGasSX website, the Software or the Content. The user of the OilGasSX website agrees not to modify the Software in any manner or form, or to use modified versions of OilGasSX website, the Software or the Content, including (without limitation) for the purpose of obtaining unauthorized access to the Service. The user of the OilGasSX website agrees not to access the Service by any means other than through the interface that is provided by OilGasSX for use in accessing the Service.

  1. DISCLAIMER OF WARRANTIES

The user of the OilGasSX website expressly understands and agrees that:

  1. Its use of the Service is at its sole risk. The Service is provided on an "AS IS" and "AS AVAILABLE" basis. OilGasSX expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
  2. OilGasSX makes no warranty that (i) the service will meet the requirements of the user of the OilGasSX website, (ii) the Service will be uninterrupted, timely, secure, or error-free, (iii) the results that may be obtained from the use of the Service will be accurate or reliable, (iv) the quality of any products, services, information, or other material purchased or obtained by the user of the OilGasSX website through the service will meet its expectations, and (v) any errors in the Software will be corrected.
  3. Any material downloaded or otherwise obtained through the use of the Service is done at the sole discretion and risk of the user of the OilGasSX website and that it will be solely responsible for any damage to its computer system or loss of data that results from the download of any such material.
  4. No advice or information, whether oral or written, obtained by the user of the OilGasSX website from OilGasSX or through or from the Service shall create any warranty not expressly stated in the TOS.
  5. It waives any claims it now has, or in the future may have, which gives or provides the user of the OilGasSX with any cause of action whatsoever.
  6. Notwithstanding any other provisions herein, user of the OilGasSX acknowledges that neither the OilGasSX or its Contributors, nor their affiliates or representatives shall be liable to the user of the OilGasSX, for special, incidental or consequential, special, direct or indirect damages arising directly or indirectly from any occurrence whatsoever (including without limitation loss of profits, loss of business opportunity, loss of property, of any nature whatsoever), whether or not such damages were foreseeable by the OilGasSX or its Contributors or any one of them was advised of the possibility of such damages and whether otherwise arising from any contractual, tortious acts or omissions of either party or of their respective affiliates or representatives, and whether or not it had any knowledge, actual or constructive, that such damages might be incurred for having relied on the material, information, data or the Content presented or forming part of any of the OilGasSX website, to make personal, medical, legal, tax, accounting, investment or financial decisions.
  7. The user of the OilGasSX accepts total responsibility for any agreement, understanding or relationship the user of the OilGasSX enters into with any of the Contributors. Further, the user of the OilGasSX understands, acknowledges and agrees that OilGasSX, in no manner whatsoever, endorses the said Contributors or whatever proposal may be presented by such Contributors and that OilGasSX shall not be held liable for any claims of any nature whatsoever arising or resulting from any thesis or proposal of any of the Contributors, or from any agreement, understanding, association, investment or relationship concluded, agreed, made or established between the user of the OilGasSX and any of the Contributors, of any type and for any reason whatsoever.
  8. The user of the OilGasSX hereby confirms that it qualifies as a sophisticated, accredited or professional investor", pursuant to all applicable legislation relating to the distribution and/or sale of securities.
  9. The user of the OilGasSX understands, acknowledges and agrees that it is its own responsibility to obtain independent legal, tax, financial, accounting, medical or other professional advice with respect to evaluating, agreeing, establishing and/or implementing any relationship or investment based on any of the material, information or strategies presented on the OilGasSX website. Further, it is highly recommended that the user of the OilGasSX take adequate time to review and evaluate whatever material or information received with whichever independent professional advisors the user of the OilGasSX deems appropriate.

The user of OilGasSX understands it must not rely on the information on this website as an alternative to legal advice from an attorney or other professional legal services provider. If the user of OilGasSX has any specific questions about any legal matter it should consult an attorney or other professional legal services provider. The user should never delay seeking legal advice, disregard legal advice, or commence or discontinue any legal action because of information on this website.

  1. LIMITATION OF LIABILITY

The user of the OilGasSX website expressly understands and agrees that OilGasSX shall not be liable for any direct, indirect, incidental, special, consequential or exemplary damages, including but not limited to, damages for loss of profits, goodwill, use, data or other intangible losses (even if OilGasSX has been advised of the possibility of such damages), resulting from: (i) the use or the inability to use the Service; (ii) the cost of procurement of substitute goods and services resulting from any goods, data, information or services purchased or obtained or messages received or transactions entered into through or from the Service; (iii) unauthorized access to or alteration of transmissions or data of the user of the OilGasSX website; (iv) statements or conduct of any third party on the Service; (v) any agreement, understanding or relationship the user of the OilGasSX enters into with any of the Contributors or any other person or entity with whom it has been put in contact through the OilGasSX website; or (vi) any other matter relating to the Service.

  1. EXCLUSIONS AND LIMITATIONS

Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the above limitations of sections 17 and 18 may not apply to the user of the OilGasSX website.

  1. SPECIAL ADMONITION FOR SERVICES RELATING TO FINANCIAL MATTERS

If the user of the OilGasSX website intends to create or join any service, receive or request any news, messages, alerts or other information from the Service concerning companies, stock quotes, investments or securities, it is hereby urged to read the above Sections 17 and 18 again. These Sections apply with absolute rigor to the user of the OilGasSX website. In addition, for this type of information particularly, the phrase "LET THE INVESTOR BEWARE" is paramount. The Service is provided for informational purposes only, and no Content included in the Service is intended for trading or investing purposes. OilGasSX and its service providers and suppliers shall not be responsible or liable for the accuracy, usefulness or availability of any information transmitted or made available via the Service, and shall not be responsible or liable for any strategy, trading or investment decisions made based on such information.

  1. NOTICE

Notices to the user of the OilGasSX website may be made via either e-mail, fax or regular mail. The Service may also provide notices of changes to the TOS or other matters by displaying notices or links to notices to the user of the OilGasSX website generally on the Service.

  1. TRADEMARK INFORMATION

OilGasSX, the OilGasSX logo, the OilGasSX design, and the OilGasSX stylized, trademarks and service marks, and other OilGasSX logos and product and service names are trademarks of OilGasSX (the "OilGasSX Marks"). Without OilGasSX's prior permission, the user of the OilGasSX website agrees not to display or use in any manner, the OilGasSX Marks.

  1. GENERAL INFORMATION

The TOS constitute the entire agreement between the user of the OilGasSX website and OilGasSX and govern the use of the Service by the user of the OilGasSX website, superseding any prior agreements between the user of the OilGasSX website and OilGasSX. The user of the OilGasSX website also may be subject to additional Terms and Conditions that may apply when the user of the OilGasSX website uses affiliate services, third-party content or third-party software. The TOS and the relationship between the user of the OilGasSX website and OilGasSX shall be governed by the laws in force in the United Kingdom, without regard to its conflict of law provisions. The user of the OilGasSX website and OilGasSX agree to submit to the personal and exclusive jurisdiction of the courts located within the country of Great Britain. The failure of OilGasSX to exercise or enforce any right or provision of the TOS, the OilGasSX subscription documentation Terms and Conditions or the OilGasSX Acceptable Use Policy shall not constitute a waiver of such right or provision. If any provision of the TOS, the OilGasSX subscription documentation Terms and Conditions or the OilGasSX Acceptable Use Policy is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavour to give effect to the parties' intentions as reflected in the provision, and the other provisions of the TOS, the OilGasSX subscription documentation Terms and Conditions and the OilGasSX Acceptable Use Policy remain in full force and effect. The user of the OilGasSX website agrees that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of the Service or the TOS, the OilGasSX subscription documentation Terms and Conditions and the OilGasSX Acceptable Use Policy must be filed within one (1) year after such claim or cause of action arose or be forever barred. The section titles in the TOS are for convenience only and have no legal or contractual effect.

  1. ACCEPTABLE USE

For purposes of this Acceptable Use Policy ("AUP"), a "Customer" is defined to include any organization, individual, company or other entity with which OilGasSX Bonds Ltd (OilGasSX) has entered into any agreement or contract for the supply of services, including through the OilGasSX website. A Customer shall also be responsible for the use of the OilGasSX website by any subsidiaries, affiliates, partners, Authorized Staff, suppliers, clients, or any other person gaining access to the OilGasSX website in any manner whatsoever, that directly or indirectly utilize the OilGasSX website provided to the Customer.

The Customer may only use the OilGasSX website for lawful purposes. The use of the OilGasSX website in violation of any local or international legislation or regulation is prohibited. This includes, but is not limited to, transmission of proprietary or copyright material without the consent of the owner, material legally judged to be threatening, offensive, or obscene, and third party material protected by patent, trade secret or any other type of intellectual property right, whether or not the Customer was aware of the content of the material or of the relevant law.

OilGasSX will fully co-operate with investigations of suspected criminal violations and violations of systems or network security under the leadership of law enforcement authorities.

Use of any information obtained via the OilGasSX website is at Customers' own risk. OilGasSX is not responsible for the accuracy, quality, or content of information obtained through the OilGasSX website and or services.

All OilGasSX services are for end-user use only and may not be resold to third-parties without providing end-user information to OilGasSX.

The Customer will indemnify and hold OilGasSX harmless from any claim brought by third parties alleging that use of the OilGasSX website by the Customer has infringed any applicable local or international legislation or regulation. The Customer shall defend and pay all costs, damages, awards, fees (including reasonable legal fees) and final judgments awarded against OilGasSX arising from such claims. The Customer shall immediately give OilGasSX written notice of any claim the Customer is involved with or aware of. Should the Customer fail to do so, OilGasSX may defend such claims at the Customer's sole cost.

OilGasSX will cooperate with any law enforcement authorities having jurisdiction to discourage and resist abuses of acceptable use policies. OilGasSX reserves the right to take corrective action upon notification to OilGasSX of unacceptable use by the Customer. OilGasSX reserves the right, at its discretion and without notice, to remove any material or data and to block the use of the network for one or more users.

The Customer may not circumvent user authentication or security of any host, network, or account (referred to as "cracking" or "hacking"), reverse engineer, decompile, deconstruct any programming, nor interfere with service to any user, host, or network (referred to as "denial of service attacks").

The Customer is forbidden to send e-mail to any person who does not wish to receive it. It is explicitly prohibited to send unsolicited bulk mail messages ("junk mail" or "spam") of any kind (commercial advertising, financial and investment promotions, political tracts, announcements, etc.) or to post the same or similar messages to large numbers of newsgroups (excessive cross-posting or multiple-posting, also known as "USENET spam"). A Customer caught spamming on the OilGasSX, or who persist in the mass distribution of unsolicited e-mail messages, will be dealt with immediately in accordance with this AUP.

The OilGasSX website may be used by the Customer to link into other networks worldwide and the Customer agrees to conform to the acceptable use policies of these networks. The Customer agrees, through its own operations, not to cause disturbances, outages or other problems which may affect OilGasSX's network or network based equipment, or which may adversely affect OilGasSX's ability to provide services.

OilGasSX reserves the right to prohibit activities that violate this AUP or may damage its reputation.

OilGasSX will generally not monitor private electronic mail messages sent or received by its Customers but may conduct reasonable investigation of a Customer (i) if required by law or (ii) upon reasonable suspicion of a violation of this AUP to determine if there has been a violation or (iii) when public safety may require it. OilGasSX may at all time monitor usage of the OilGasSX website electronically to determine if it is operating satisfactorily.

OilGasSX may disclose its Customers' information or information transmitted by means of its facilities (i) to comply with legal requirements or (ii) where necessary to protect OilGasSX and others from harm or (iii) where such disclosure is necessary to the proper operation of the OilGasSX website.

The Customer acknowledges that OilGasSX is unable to exercise control over the content of information passing through its facilities or carried as a result of supplying the OilGasSX website and is therefore not responsible for that content.

OilGasSX reserves the right, at its discretion and without notice, to automatically filter, disconnect and/or deny access to any Customer who violates this policy. This remedy shall also be applied when the Customer has engaged in any of the foregoing activities by using the service of another provider and, channelling such activities through an OilGasSX account, re-mailer, or otherwise through the OilGasSX website, or using an OilGasSX account as a mail drop for responses or otherwise using the services of another provider for the purpose of facilitating the foregoing activities, if such use of another party's service could reasonably be expected to adversely affect the OilGasSX website. OilGasSX reserves the right, where feasible, to implement technical mechanisms which block multiple postings as described above before they are forwarded or otherwise sent to their intended recipients.

Violation of this AUP (direct or indirect, including by a third party) entitles OilGasSX to remove immediately the offending material, establish immediate or temporary filtering, deny access, suspend or terminate one or more subscriptions to the OilGasSX website, or take any other appropriate action, as determined by OilGasSX in its sole discretion, in addition to any remedies provided by any agreement to provide access to the OilGasSX website. OilGasSX may give notice of violations but OilGasSX reserves the right to act without notice when necessary, as determined by OilGasSX in its sole discretion. Nothing in this AUP is to be construed to limit OilGasSX's actions or remedies in any way with respect to any of the foregoing activities, and OilGasSX reserves the right to take any additional actions it may deem appropriate with respect to such activities, including without limitation, taking action to recover the cost of identifying offenders and terminating their access to the OilGasSX website, and charging to cover OilGasSX's costs in the event of such termination of access or like situation. OilGasSX may co-operate with other service providers to discourage and resist abuses of acceptable use policies. OilGasSX reserves the right to take corrective action upon notification to OilGasSX of unacceptable use on other networks. The OilGasSX website may be linked to other networks world-wide and the Customer agrees to conform to the acceptable use policies of these networks. The Customer agrees, through its operations, not to cause disturbances, outages or other problems which may affect OilGasSX's or any other network or network based equipment, or which may adversely affect OilGasSX's ability to provide access to the OilGasSX website.

Nothing contained in this AUP shall be construed to limit OilGasSX's actions or remedies in any way with respect to any of the foregoing activities, and OilGasSX reserves the right to take any and all additional actions it may deem appropriate with respect to such activities, including without limitation, taking action to recover the costs and expenses of identifying offenders and removing them from the OilGasSX website, and levying cancellation charges to cover OilGasSX's costs in the event of disconnection of dedicated access for the causes outlined above. In addition, OilGasSX reserves at all times all rights and remedies available to it with respect to such activities at law or in equity.

Customer will indemnify and hold OilGasSX harmless from any claim brought by third parties relating to the Customer's use of the OilGasSX website. The Customer must defend and pay all damages and costs (including legal fees) arising from such claims. The Customer must immediately notify OilGasSX of any claim or potential claim, within the Customer's knowledge, involving the Customer related to the OilGasSX website. Failure to do so gives OilGasSX the right to defend such claims at Customer's sole cost and expense.

OilGasSX is committed to providing quality service to all of its Customers. While the AUP may appear harsh, OilGasSX believes it is necessary to ensure that it is able to provide professional, efficient, stable service within an environment of security and trust which its Customers may require and come to expect from an organization such as OilGasSX.

This AUP is subject to change. Please contact us with any questions regarding the policy or to report a breach of AUP.

OUR PRIVACY POLICY

OilGasSX Limited ("We") are committed to protecting and respecting your privacy.

This policy (together with our Terms and Conditions sets out the basis on which any personal data we collect from you, or that you provide to us, will be processed by us. Please read the following carefully as this privacy policy explains what happens to any personal data that you provide to us, or that we collect from you whilst you visit our site.

We do update this policy from time to time so please do review this policy regularly.

Information we collect

We may collect and process the following data about you:

IP Addresses

We may collect information about your computer, including where available your IP address, operating system and browser type, for system administration and to report aggregate information to our advertisers. This is statistical data about our users' browsing actions and patterns, and does not identify any individual.

Cookies

Our website uses cookies to distinguish you from other users of our website. This helps us to provide you with a good experience when you browse our website and also allows us to improve our site.  Certain areas of the website such as member areas are not accessible if cookies are disabled.

Storing Your Personal Data

In operating our website, it may become necessary to transfer data that we collect from you to locations outside of the European Union for processing and storing. By providing your personal data to us, you agree to this transfer, storing or processing. We do our upmost to ensure that all reasonable steps are taken to make sure that your data is treated stored securely.

Unfortunately, the sending of information via the internet is not totally secure and on occasion such information can be intercepted. We cannot guarantee the security of data that you choose to send us electronically, sending such information is entirely at your own risk.

Uses made of the information

We use information held about you in the following ways:

Disclosure of your information

We may disclose your personal information to any member of our group, which means our subsidiaries, our ultimate holding company and its subsidiaries, as defined in section 1159 of the UK Companies Act 2006.

We may disclose your personal information to third parties.

In the event that we sell or buy any business or assets, in which case we may disclose your personal data to the prospective seller or buyer of such business or assets.
 

If OilGasSX Limited or substantially all of its assets are acquired by a third party, in which case personal data held by it about its customers will be one of the transferred assets.

If we are under a duty to disclose or share your personal data in order to comply with any legal obligation, or in order to enforce or apply our terms of use or to protect the rights, property, or safety of our customers, or others. This includes exchanging information with other companies and organisations for the purposes of fraud protection and credit risk reduction.

Your rights

You have the right to ask us not to process your personal data for marketing purposes. We will usually inform you (before collecting your data) if we intend to use your data for such purposes or if we intend to disclose your information to any third party for such purposes. You can exercise your right to prevent such processing by checking certain boxes on the forms we use to collect your data.

Our site may, from time to time, contain links to and from the websites of our partner networks, advertisers and affiliates. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

Access to information

The Data Protection Act 1998 Act (the “Act”) gives you the right to access information held about you. Your right of access can be exercised in accordance with the Act. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

Changes to our privacy policy

Any changes we may make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

Contacting Us

Please do not hesitate to contact us regarding any matter relating to this privacy policy.

OilGasSX - Regulated Disclaimer

OilGasSX (“OGSX”) allows securities to be listed via The Startup Stock Exchange ("SSX”), under a Joint Venture Agreement (“JV”) between the parties. SSX provides securities exchange related services, such as Brokerage and Listing Advisory, enabling the owners of startups and small businesses to attract qualified global investors to buy shares of their companies on a public stock exchange, the Dutch Caribbean Securities Exchange N.V. ("DCSX"), thereby providing access to a regulated and transparent marketplace for all participants.

SSX Advisors Corp is a licensed Listing Advisor and SSX Brokers NV is a licensed broker, of the Dutch Caribbean Securities Exchange N.V. The DCSX is a self-regulating securities exchange, located on Curacao, licensed by the Ministry of Finance and supervised by the Central Bank of Curacao and St. Maarten.

Investing in startups involves very high risks and it should be done only as part of a diversified investment portfolio. OGSX is targeted solely at investors and companies who are sophisticated enough to understand the high risks of startup investments and make their own decisions.

OGSX has both a quotation service and a listing service. If a company is denoted as ‘Quoted” it means the data presented is for information purposes only. It does not host a listing on the platform and has not been approved by our external listing committee. In some cases the quoted companies may be listed on another recognised stock exchanges globally and in this case it will be made apparent.

OGSX hosts companies conducting an IPO and also shows companies under review. We have no restrictions on contacting these companies as a result of information found on our site and in such a case no liability for any resulting transaction will be the responsibility of OGSX.

OGSX has acquired IP to internally conduct AML (Anti Money Laundering) and KYC (Know Your Client) procedures fully vetted and approved by our regulating Central Bank. This activity must be overseen and approved in each case by an authorised AML officer.

OilGasSX Limited is a UK registered Limited Liability company. It does not have any regulation inside the UK as it provides services outside the Financial Services Act. OGSX is a FinTech solution for a sector based Stock Exchange regulated by its partners via the DCSX. The OGSX platform is a fully automated trading system complete with company on-boarding systems, electronic trade matching, clearance and settlement as well as Investor and researcher portals.

OGSX collects huge quantities of raw and unique data within the medical marijuana sector. It uses this inside smart algorithms to provide key and vital data to all parties in a fully transparent structure. All data is obtained from reliable and independent sources.

All trading conducted on OGSX will be via SSX Brokers NV. A brokerage account with SSX is required in order to trade. Applications to open accounts will be available in Q4 2017.