Lex Capital Management Team

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.