Management Team


Cary Bounds –  Chief Executive OfficerCary-Bounds_DSC8086

Mr. Bounds was appointed Chief Executive Officer on December 29, 2016 after having served as the Chief Operating Officer for VAALCO since July, 2015 as well as interim Chief Executive Officer since September 1, 2016 Mr. Bounds has held a variety of technical and management positions of increasing responsibility with major energy companies as well as independent E&P companies.

Prior to joining the Company, Mr. Bounds was Business Unit Manager and Vice President, Noble Energy Equatorial Guinea Limited from May 2013 until July 2015.  Earlier in his tenure with Noble, Mr. Bounds held the position of North Sea Country Manager from April 2010 until May 2013. Prior to Noble, Mr. Bounds was the Engineering and Planning Manager, Worldwide for Terralliance Technologies, Inc. from 2007 to 2010 and served as their Country Manager in Mozambique from 2007 to 2010. Mr. Bounds was with SM Energy from 2004 to 2007 and held the position of Engineering Manager for their Gulf Coast and Permian regions.  Mr. Bounds spent five years with Dominion E&P serving in corporate development, planning and reservoir engineering positions. Mr. Bounds began his career with ConocoPhillips in 1991 where he held a variety of reservoir and production engineering positions in U.S. onshore regions.

Mr. Bounds holds a Bachelor of Science Degree in Petroleum Engineering from Texas A&M University.


Phil Patman, Jr. – Chief Financial Officer

Mr. Patman has over 20 years of experience in the oil, gas and other areas of the energy industry in key roles including finance, business development, and legal management. Prior to joining VAALCO, from 2012 to 2016, Mr. Patman served as Senior Vice President of Business Development, The Americas, for Thailand’s National Oil Company PTT Exploration and Production (PTTEP).  While at PTTEP, he led the company’s E&P mergers and acquisitions activities in the US, Canada, and to a lesser extent, Brazil.  These activities involved multiple deal structures and tax regimes, and frequently required assessments of the impacts to complex financial statements.  Mr. Patman also served as Managing Director, Mergers & Acquisitions (Asia) for The AES Corporation from 2010 to 2011, where he led a team focused on acquisitions and sales of single and multiple-asset portfolios of Asian independent power plants.  He also served as Principal, Global Infrastructure, for Darby Private Equity, a unit of Franklin Templeton Investments, from 2007 to 2010, with a specific focus on Asian infrastructure, including energy systems and other fee-generating infrastructure assets.  Before that, Mr. Patman was Director, Business Development-Asia, for Globeleq Ltd. from 2004 to 2007 where he made acquisitions and divestitures; he also served on boards of directors of holding and subsidiary companies owned in part by Globeleq, and, as part of executing board decisions, had responsibility for approving financial statements.  He also served as a Professional Consultant, LNG and Natural Gas, for Marathon Oil from 2002 to 2004, where he advised on the development of Marathon’s Equatorial Guinea LNG liquefaction facility.

Mr. Patman began his career as a lawyer in private practice in Houston, from 1993 to 1997.  He earned a J.D. from the University of Houston Law Center and a B.A. in the Plan II Honors Program from the University of Texas at Austin.


Sid Black – Regional Vice President-West AfricaSid-1

Mr. Black joined VAALCO in 2014 as the country manager in Gabon. In 2015, Mr. Black was appointed Regional Vice President – West Africa, increasing his responsibilities to include the activities in Equatorial Guinea and Angola.

Prior to joining VAALCO, Mr. Black was the Deputy General Manager for Tullow Oil in Nairobi, Kenya. He was responsible for executing seismic acquisition programs and exploration drilling activities in Turkana County.  Prior to that, Mr. Black was employed by Marathon Oil Corporation for 35 years.  Early in his career Mr. Black was involved in reservoir engineering projects in Illinois and New Mexico as well as operations engineering assignments in Wyoming, California, Louisiana and Texas.  Later in his career with Marathon, Mr. Black gained extensive experience working and living abroad during numerous international assignments of increasing operations management responsibilities.  These included Tunisia, Russia, Indonesia, Egypt, Gabon, Equatorial Guinea and Kurdistan (Iraq).

Mr. Black holds a Bachelor of Science degree in Chemical Engineering from the University of Kansas. He is a registered Petroleum Engineer in California and a member of the Society of Petroleum Engineers


David DesAutels – Vice President Exploration & Development

Mr. DesAutels is an oil and gas industry executive with over 40 years upstream experience in development and exploration. He has worked on over 100 development projects worldwide, both conventional and unconventional. Mr. DesAutels gained senior executive experience by working for Noble Energy (Director, Development Geoscience, 2008-2016) and Occidental Oil (Chief of Production Geoscience and Vice President of Geoscience, 2000-2007) and founding Synertia Energy, LLC and Seregon Energy, LLC, two oil and gas consulting companies. In addition, he has international experience from working in Colombia, Indonesia, Equatorial Guinea, Qatar, Oman, Argentina, Israel, UK, Ecuador, Peru, Russia, Canada, and the UAE. Mr. DesAutels is also a published author of two books, one fiction and one non-fiction.

Dave holds an M.S. and BA in Geology from University of Minnesota- Twin Cities.


Elizabeth Prochnow – Chief Accounting OfficerElizabeth Prochnow

Ms. Prochnow has served as the Company’s Chief Accounting Officer since March 2015.  Ms. Prochnow has held a variety of finance management positions primarily with publicly traded companies including a number of companies in the energy sector.

Prior to joining the Company, Ms. Prochnow served as Controller and Chief Accounting Officer for Total Safety, U.S., Inc. from August 2014 to March 2015. Prior to that, she served as a director of Carrtegra, LLC, a financial advisory consulting firm, from June 2013 to August 2014 with a focus on E&P companies and as Executive Vice President, Chief Financial Officer of Sterling Construction Company, Inc. (Nasdaq: STRL) from November 2011 to May 2013. Before beginning with Sterling in February 2011, Ms. Prochnow was Vice President, Finance and Chief Financial Officer of Bristow Group Inc. (NYSE: BRS) from May 2009 to June 2010 and Vice President, Chief Accounting Officer and Controller from 2005 to 2009. From 1997 to 2005, Ms. Prochnow served in positions of increasing responsibility at MAXXAM Inc., ultimately as the company’s Vice President and Controller. Before MAXXAM, Ms. Prochnow served as the Controller and Chief Accounting Officer of GulfMark Offshore, Inc. (formerly GulfMark International, Inc. (NYSE:GLF)) from 1990 to 1996. Ms. Prochnow began her career as a public accountant at Arthur Anderson LLP in 1981.

Ms. Prochnow holds a Bachelor of Arts and a Masters of Accounting from Rice University and is a certified public accountant in the State of Texas.


Julie Ray – Vice President of Treasury

Julie has over 15 years of experience in the energy industry, working primarily for publicly traded companies, in various management, finance, and accounting positions. Prior to joining VAALCO, she served as a Financial Reporting and Advisory Director for Sirius Solutions, LLLP. Major clients served included Ethos Offshore, Republic Services, Noble Corporation, Willbros Oil and Gas, JP Morgan/Bear Stearns, and GDF Suez – North America. Many of her clients have both domestic and international operations. Prior to consulting, Ms. Ray served as the Controller for Sirius Solutions for 3 years, from 2004 – 2007.

Ms. Ray holds a Bachelor of Business Administration and a Masters of Accounting from the University of Texas at Austin and is a certified public accountant in the State of Texas.