RITA JOLLY, ECONOMIST

Diploma, Southern Alberta Institute of Technology

 

Rita Jolly is a highly experienced petroleum economist with 35 years in the energy consulting industry with particular interest in economic analysis. She has held various management roles over the years. At present, she is a freelance economic consultant. Previous roles have included a role as project manager and economic consultant at Senergy Ltd, Commercial Analyst at BHP Billiton Ltd, formerly Hamilton Brothers of Oil and Gas Limited, in the UK, consultant for Economic Software Development for Energy Resource Consultants (ERC) and Economic Evaluator at Sproule Associates Limited.

 

Ms. Jolly has worked as a freelance economic consultant at two points in her career; first from 2002 to 2007 and from 2010 until today. She has utilized her expertise to provide expert reports on termination agreements, development plans per region with emphasis on fiscal terms, the development and decommissioning of economic models, auditing onshore assets, preparing competent person’s reports for various clients involving assets in the UK, Nigeria, Indonesia, Falkland, Kazakhstan, Egypt, Tanzania, Kenya, Gambia, Sierra Leone, Liberia, Malaysia, Ukraine, Tunisia and Malta; and preparing defense documents for hostile takeover with international assets in the UK, Norway, the Netherlands, Egypt, Mauritania, Guinea and Morocco. In 1976 Ms. Jolly became an economic evaluator for Sproule Associates Limited.

 

In 1979 she joined the Energy Resource Consultant as an economic software developer. Shortly thereafter she was head hunted by Chase Manhattan Bank in 1982, where she developed and maintained the financial model on the Chase Manhattan Bank mainframe in basic language. She was also solely response for the analysis and implementation of major corporate loans, ranging from $1M to $100M USD. In 1984 she became an economic analyst for BHP Billiton Limited. Promoted to planning analyst in 1987, she developed PC-based economic models used exclusively for BHP, ran internal economic training courses and created an all purpose price forecasting model for gas contracts. She was promoted again in 1992 to commercial analyst where she studied the UK gas market and transportation systems, assisted negotiations for gas sales, evaluated optimization of tax payments, provided analytical support for acquisitions, asset sales, farm ins and exploration venues amongst many other responsibilities.

 

In 2002, Ms. Jolly became a freelance economic consultant where her work included economic modeling and commercial advice for projects in the UK, East Europe, North and West Africa, Russia, South and North America, Australia, and the Middle East. In 2007, she joined Senergy Ltd. Though most projects were confidential in nature, some of her responsibilities included economic project development on an international scale, running comparative analyses of international fiscal regimes and provided economic valuations of companies, assets, exploration portfolios for a large number of companies and financial institutions.