About White River

White River Energy Corp (OTCQB: WTRV) is a vertically integrated energy company with oil and gas exploration, production, and drilling operations on over 34,000 cumulative acres of oil and gas mineral leases in Louisiana and Mississippi.

White River structures and manages privately funded upstream oil & gas investment tax optimization vehicles. Our investment focus is on the exploration and further development of mature oilfields which mitigates dry hole risk and offers the potential for significant returns. White River’s upstream strategy was founded with the goal to capitalize on underinvested, mature oil fields primarily in the states of Louisiana and Mississippi where there is minimal super major presence.

The company is led by an adaptive and innovative entrepreneurial management team. This team has a history of acquiring and creating value in distressed and neglected assets and in newly emerging but related market opportunities such as carbon capture, carbon credits, and carbon trading, generating new revenue streams. This includes the launch of a division to effectively drive and manage this emergent business sector.

Operating Regions

White River Leadership

Randy May

Chairman & CEO

Randy May

Mr. May currently serves as Chairman and CEO of White River Energy Corp. Mr. May has served as Chairman of the Board of Ecoark since April 11, 2016. Mr. May had served as CEO of Ecoark from April 13, 2016 - March 28, 2017, and continued his present role as CEO from September 21, 2017 onwards. Mr. May is a veteran of the retail and supply-chain businesses, with over a quarter of a century of experience in marketing, operational and executive roles. Previously, Mr. May held several roles with Wal-Mart Stores, Inc. (“Walmart”). From 1998 to 2004, Mr. May had served as Divisional Manager for half of the United States - for one of Walmart’s specialty divisions, where Mr. May was responsible for all aspects of strategic planning, finance, and operations for over 1,800 stores.

JAY PUCHIR

Chief Financial Officer & Director

Jay Puchir

Mr. Puchir currently serves as the Chief Financial Officer & Director of White River Energy Corp. Mr. Puchir has served as the CFO and Treasurer of Ecoark since April 12, 2022 and October 22, 2020, respectively. Mr. Puchir has also served as the President and CEO of Banner Midstream Corp. since its formation in April 2018. Additionally, Mr. Puchir has previously served in numerous executive roles at Ecoark, including: Director of Finance from December 2016 - March 2017, CEO from March 2017 - October 2017, CFO from October 2017 - May 2018 and CAO from March 2020 - October 2020. He has also served as Chairman of Banner Energy Services Corp. from February 2020 - August 2020. Mr. Puchir is a licensed Certified Public Accountant in the State of South Carolina.017 - May 2018 and CAO from March 2020 - October 2020. He has also served as Chairman of Banner Energy Services Corp. from February 2020 - August 2020, and joined the White River Board in December 2023. Mr. Puchir is a licensed Certified Public Accountant in the State of South Carolina.

Jack Carona-1

Jack Carona

Chief Operating Officer

Jack Carona

Mr. Carona has served as the Chief Operating Officer for White River since March 2024. Mr. Carona is a seasoned professional in the oil and gas industry with a strong background in Petroleum Engineering, having graduated from Louisiana State University. He has consistently provided guidance to drilling, production, and geological staff, played an instrumental role in discussions involving land, legal and accounting. Mr. Carona has reviewed and prepared Authorization for Expenditures (AFE's), while skillfully grading geologic prospects.

Mr. Carona held a leadership role as President of CCORE Holdings, an independent oil and gas producer in Mississippi, where he held a seat on the board. His expertise in operations was then harnessed by RAM Petroleum where he served as the Operations Manager, overseeing operations in Mississippi and Alabama. As a consultant and advisor, he has had the opportunity to assist numerous smaller independent oil companies in their drilling and re-completion programs. His acquisition, operation, and divestiture of South Louisiana deep Lower Tuscaloosa and Austin Chalk properties further demonstrate his adeptness in strategic planning and asset management. Over the span of his career, he has advised in the operation, completion, or drilling of over 2,000 wells in Mississippi, Louisiana, or Alabama, highlighting his comprehensive understanding of the industry. His multidimensional experience within the sector positions him as a distinguished figure in the oil and gas community.

Stanley King

Geologist

Stanley King

Mr. King has served as White River’s Consulting Geologist since 2022.. Mr. King brings to White River an impressive record of success in the oil and gas industry. His academic background includes a B.S. in Geology from Mississippi State University, with an emphasis on mineralogy, and coursework in petroleum and civil engineering, as well as advanced engineering and log analysis coursework. As a registered geologist in Mississippi, Mr. King’s professional accomplishments include the generation and evaluation of potential and producing properties in major oil and gas production areas across the southeastern US and in most petroleum producing areas of the lower 48 states. His work includes development and  discoveries, being responsible for over 16.6 MMBO and 24.7 BCFG. His wealth of experience includes screening and evaluating drilling proposals, performing extensive field studies, generating oil and gas prospects, and expertly handling the development and exploration of properties post-purchase.

Mr. King’s commitment to the geology profession and to advancing industry standards is evident in his active participation in geological societies and organizations. He has served as a four-time President of the Mississippi Geological Society (MGS), in addition to holding positions as Treasurer, Secretary, and First Vice-President. Recognized for his contributions, he was named an Honorary Lifetime Member of the MGS in 2015. His involvement extends to the Gulf Coast Association of Geological Societies (GCAGS), where he served on the Continuity Committee and as Bylaws Committee Chairman. His achievements have not gone unnoticed -- he was a recipient of the prestigious R.C. Baker Foundation Scholarship and the Frederic F. Mellen Scholarship in Geology. A testament to his expertise and influence in the oil and gas sector, Mr. King’s distinguished career underscores his wide-ranging experience, in-depth knowledge, and dedicated service to the industry.

Jimmy Lossin

Senior Land Man

Jimmy Lossin

For the past twenty years Mr. Lossin has been an independent Landman, project manager and supported oilfield services for eastern Louisiana and western Mississippi, including acquisition oil assets. Prior to White River, Jimmy worked for various independent oil companies creating contracts, joint operating agreements, title searches, assignments, Oil Gas and Mineral Leases (OGML), negotiated lease terms with land and mineral owners, and managed mineral services, subleases and farmouts in the Wilcox formation. Jimmy graduated from Northwestern State University of Louisiana in 1992 with a BS in General Studies and is an active member of the American Association of Professional Landmen (AAPL).

White River Board of Directors

Danny Hames

Independent Director

Danny Hames

Mr. Hames has an extensive background in multi-faceted businesses. He graduated from Arkansas State University with a bachelor’s degree in computer science and engineering. After graduating in 1981, he went to work for the University as a computer programmer before joining JB Hunt in 1987 where he transitioned the company from a small computer network to a main frame system paving the way for major growth. In 1990 Mr. Hames went to work for Walmart where he built back-room systems to manage logistics and inventory. In 1994 Mr. Hames started his own company that developed custom enterprise resource planning software which he then brought to exit in 1994.

Greg Landis

Independent Director

Greg Landis

Mr. Landis is a Certified Public Accountant and Chartered Global Management Accountant. He is the president and owner of Landis & Associates PLLC in Bentonville, Arkansas. Mr. Landis is licensed by the State of Arkansas and is a member of the American Institute of Certified Public Accountants and the Arkansas Society of Certified Public Accountants. Mr. Landis has more than 35 years accounting and financial experience in both public accounting and private industry including serving as the Chief Financial Officer of organizations in Kansas, Arkansas and Texas, including corporations with over $2 billion in assets. Over his career, Mr. Landis has served on the board of various private and public entities. Mr. Landis is a graduate of Wichita State University with a Bachelor of Business Administration degree majoring in Accounting, which he received in 1985. 

James Cahill

Independent Director

James Cahill

Mr. Cahill has a robust background in restaurant management. He graduated from Mercy College with a degree in Finance while working as one of the top sales representatives for Sound Distributing and managing a popular New York saloon, Irish Eyes Restaurant. In the mid-80s, Mr. Cahill was accepted into the Steamfitters Union and completed a 5-year apprenticeship while managing The Terminal Bar. His passion and understanding for the restaurant and bar businesses allowed him to branch out to create his own brand and successful business, Jake’s Saloon. Today he owns three very successful establishments and continues to hone his skills in restaurant management and utilize his expertise for other categories of business development.

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