Fortitude Energy Consultants (FEC) provide geotechnical and business expertise to upstream sector.

Our clients comprise oil and gas operating companies, service companies and energy equity investors. We assist clients in many areas.

Asset Valuation

Prospect Generation

Reserve Assessment

Capital Market Strategies

Transaction Due Diligence

Direct Energy Investments

The strong professional relationships and affiliations with both domestic and international transaction specialists we maintain, provides us with the latest news on deal flow, major capital investments and exploration activities.

By drawing on the group’s extensive experience in operations, exploration and production activities and financial markets, we strive to recognize opportunities for our clients across the entire value chain of the upstream sector.

FEC can provide individual experts for specific technical analysis or an appropriate team for wider scope projects.

Here are some of the services FEC provides:

  • Geological Evaluation of Petroleum systems, Resource plays, Farming/ Acquisition opportunities, Exploration/ Development prospects, Re-completions, Work-overs, and Expiried Lease/ License.
  • Ground up Evaluation for Financial sector including Energy Investment Analysis, Portfolio assessment, Production Decline modelling and Reserve Evaluation.
  • Geophysical Interpretation of 2D and 3D data sets, Data Acquisition attribute modeling, Depth Conversion and Mapping.
  • Business, Mergers & Acquisition, and Corporate Strategies.
  • Title and Asset Due Diligence.

Rates are based on daily or project basis.

Whether you require an individual or an entire team for your project, please think of FORTITUDE ENERGY CONSULTANTS!


Please feel free to contact us for further information!


FEC-Mike Cvetanovic


Michael Cvetanovic (Toronto-Geology) has 35 years of international oil company experience, primarily in the Asia Pacific Region, where he lived for nearly 20 years.

Michael returned to Canada in 2008 to work as Director of Technical Research for Full Cycle Energy Investment Management (FCEIM), a Toronto based Energy Hedge Fund.

In this capacity, he provided ‘ground up’ equity investment strategies, portfolio management and technical research on North American oil and gas resource plays. FCEIM formed a private oil and gas company, Bow River Energy, in 2013 where he was Exploration Manager. He was responsible for discovering material heavy oil resources on company held acreage in Saskatchewan.

Prior to 2008, he was the Exploration Manager for Talisman Indonesia, in Jakarta. During his 4 year tenure with Talisman, he developed and implemented exploration strategies that resulted in Talisman’s emergence as a major exploration player in Indonesia.

Before joining Talisman, Michael was CEO of Pacific Tiger Energy, a junior international public company that he founded in 1994. Pacific Tiger was absorbed through a series of corporate transactions by Pan Orient Energy, which reached a peak production of 9,000 bopd.

His strengths include a strong technical background in regional play analysis, petroleum system evaluation and prospect generation in diverse geological domains on four continents. His operational experience has resulted in excellent industry networks and high level government relationships in the Asia Pacific region.

FEC- Derrick


Terry Lynch (Toronto, Ontario- Capital Markets and Business Strategies) graduated in 1981 from St. Francis Xavier University with a joint honors degree in Economics and BBA. Terry has been involved in a number of companies, both public and private, in various capacities.

He is currently CEO of Chilean Minerals, a publicly traded mining company operating in Chile.  Previously he was founder and CEO of Relief Gold, a privately held mining company with property interests in Nevada from 2010-2012.

Prior to Relief Gold, Terry had been a director and later CEO of TSX listed Firstgold Corp. He assumed the CEO position after the company had run into financial difficulty bringing its Relief Canyon mine into production. He arranged a sale of 51% of the company for a total capital injection of $26.5 million from Northwest Non Ferrous Metals, one of China’s largest mining engineering and consulting groups. However, due to the rejection of the takeover by the US government, the company filed for bankruptcy.

From October 2005 to August 2008, he was a partner with Kingsmill Capital Partners, a financial advisory firm specializing in advising public and private early stage growth companies. Before joining Kingsmill Capital, he spent 15 years operating startup companies in industrial products, oil and gas and media.


Kip Altman (Dallas, Texas- Land and Negotiations) is a Professional Landman with over 30 years of experience. FEC-wellheads

Kip started his career with Kansas-Nebraska Natural Gas Pipeline Company, now a part of Kinder Morgan.  He then worked for a several small cap companies before becoming Land Manager for Pan Canadian Petroleum Corporation in Denver. Subsequently, he was hired as Corporate Landman for Pacific Enterprise Corporation in Dallas.

Thereafter, he formed a lease brokerage firm, Midcontintent Land Assessment Company, where he was the owner. In 2011, Mr. Altman became a partner with Exterra Resources LLC and opened the Dallas office.

Exterra Resources LLC has offices in Nashville, TN, Denver, CO and Pittsburgh, PA. Kip brings experience in putting large oil and gas lease packages together for small to large E&P companies, managing field operations, performing due diligence projects for purchasing and divesting of properties and brokering the sale of leases and producing properties.