Calima Energy Management

Management criteria checks 2/4

Calima Energy's CEO is Karl DeMong, appointed in Jan 2023, has a tenure of 1.67 years. total yearly compensation is A$850.14K, comprised of 40.2% salary and 59.8% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth A$6.66K. The average tenure of the management team and the board of directors is 5.7 years and 3.3 years respectively.

Key information

Karl DeMong

Chief executive officer

AU$850.1k

Total compensation

CEO salary percentage	40.2%
CEO tenure	1.7yrs
CEO ownership	0.1%
Management average tenure	5.7yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

Should You Take Comfort From Insider Transactions At Calima Energy Limited (ASX:CE1)?

Feb 15

CEO Compensation Analysis

How has Karl DeMong's remuneration changed compared to Calima Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-AU$475k
Mar 31 2024	n/a	n/a	-AU$2m
Dec 31 2023	AU$850k	AU$342k	-AU$3m
Jun 30 2023	n/a	n/a	-AU$20m
Mar 31 2023	n/a	n/a	-AU$12m
Dec 31 2022	AU$215k	n/a	-AU$4m

Compensation vs Market: Karl's total compensation ($USD587.07K) is above average for companies of similar size in the Australian market ($USD311.19K).

Compensation vs Earnings: Karl's compensation has increased whilst the company is unprofitable.

CEO

Karl DeMong

1.7yrs

Tenure

AU$850,138

Compensation

Mr. Karl Lawrence DeMong, BSc (Mechanical Engineering) is an Executive Director of Calima Energy Ltd. since April 01, 2022 and serves as its President and CEO since 2023. He served as Non-Executive Directo...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Glenn Whiddon	Executive Chairman	9.3yrs	AU$444.00k	3.86% A$ 215.2k
Karl DeMong	President	1.7yrs	AU$850.14k	0.12% A$ 6.7k
Rod Monden	Chief Financial Officer	1.2yrs	AU$328.28k	no data
Mark Freeman	Company Secretary	4.3yrs	AU$437.03k	0.53% A$ 29.5k
Ron Nelmes	Financial Controller	no data	no data	no data
Richard Higgins	Consultant	7.1yrs	no data	no data
Justin Norris	Consultant	7.1yrs	no data	no data
Mark Sofield	Consultant	7.1yrs	no data	no data

5.7yrs

Average Tenure

Experienced Management: CE1's management team is seasoned and experienced (5.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Glenn Whiddon	Executive Chairman	9.3yrs	AU$444.00k	3.86% A$ 215.2k
Karl DeMong	President	2.4yrs	AU$850.14k	0.12% A$ 6.7k
Mark Freeman	Company Secretary	3.3yrs	AU$437.03k	0.53% A$ 29.5k

3.3yrs

Average Tenure

Experienced Board: CE1's board of directors are considered experienced (3.3 years average tenure).

Calima Energy Management

Management criteria checks 2/4

Key information

Recent management updates

Calima Energy Limited, Annual General Meeting, May 24, 2024

Executive Chairman recently bought AU$110k worth of stock

Executive Chairman recently bought AU$95k worth of stock

Executive Chairman recently bought AU$95k worth of stock

No independent directors

No independent directors

Recent updates

Aldon Oils Ltd. completed the acquisition of Calima Energy Inc from Calima Energy Limited (ASX:CE1).

Aldon Oils Ltd. agreed to acquire Calima Energy Inc from Calima Energy Limited (ASX:CE1) for AUD 1.3 million.

New major risk - Share price stability

Calima Energy Limited Announces Distribution, Payable on 21 June 2024

Calima Energy Limited, Annual General Meeting, May 24, 2024

Full year 2023 earnings released

New minor risk - Financial data availability

Astara Energy Corp. completed the acquisition of Blackspur Oil Corp. from Calima Energy Limited (ASX:CE1).

Executive Chairman recently bought AU$110k worth of stock

Now 20% undervalued

Astara Energy Corp. entered into an agreement to acquire 100% stake in Blackspur Oil Corp. from Calima Energy Limited (ASX:CE1) for a cash consideration of CAD 75 million prior to customary completion adjustments for net debt.

Calima Energy Limited's (ASX:CE1) Low P/S No Reason For Excitement

First half 2023 earnings released: EPS: AU$0.003 (vs AU$0.022 in 1H 2022)

Executive Chairman recently bought AU$95k worth of stock

Executive Chairman recently bought AU$95k worth of stock

Advantage Energy Ltd. (TSX:AAV) acquired Tommy Lakes facilities and Montney acreage from Calima Energy Limited (ASX:CE1) for AUD 11.8 million.

Advantage Energy Ltd. (TSX:AAV) acquired Tommy Lakes facilities and Montney acreage from Calima Energy Limited (ASX:CE1) for AUD 11.8 million.

Calima Energy Limited Provides Production Guidance for the Full Year 2023

Now 24% undervalued after recent price drop

New minor risk - Shareholder dilution

Here's Why Calima Energy (ASX:CE1) Can Manage Its Debt Responsibly

No independent directors

A Look At The Fair Value Of Calima Energy Limited (ASX:CE1)

Full year 2022 earnings released: EPS: AU$0.038 (vs AU$0.084 loss in FY 2021)

Calima Energy Limited Provides Preliminary Results on the Calima #2 and Calima #3 Test Program

Calima Energy Limited Announces Montney Test Program Update

Calima Energy Limited Announces Liquid Rich Montney Test Program to Commence

Calima Energy Limited Announces Pisces #6 & #7 Wells Complete and Tie in and Are Both on Production

Calculating The Intrinsic Value Of Calima Energy Limited (ASX:CE1)

Price target decreased to AU$0.60

Calima Energy Limited Confirm That Its Five Well (4.5 Net) Drilling Campaign At Brooks Is Nearing Completion

No independent directors

Now 23% undervalued after recent price drop

Calima Energy Limited Commences 5 Well drilling Program At Brooks

Calima Energy Limited Commences 5 Well Driling Program At Brooks

Calima Energy Limited Appoints Jerry Lam as New Chief Financial Officer

Now 24% undervalued after recent price drop

Now 25% undervalued after recent price drop

Does Calima Energy (ASX:CE1) Have A Healthy Balance Sheet?

First half 2022 earnings released: EPS: AU$0.02 (vs AU$0.04 in 1H 2021)

Now 21% undervalued after recent price drop

Calima Energy Limited Confirms Q2/Q3 Drilling and Completion Operations Update

Now 24% undervalued after recent price drop

Executive Chairman recently bought AU$83k worth of stock

Executive Chairman recently bought AU$81k worth of stock

Calima Energy Limited Announces 4 Well Drill Program and Renewed Credit Facility

Calima Energy Limited Intends to Commence a Half Yearly Dividend Program, Beginning the Second Half of 2022

Calima Energy Limited Provides Production and Revenue Guidance for the Nine Months Period Ending September 30, 2022

Calima Energy Limited, Annual General Meeting, May 31, 2022

We Think Calima Energy (ASX:CE1) Has A Fair Chunk Of Debt

No independent directors

Executive Chairman recently bought AU$54k worth of stock

Calima Energy Limited Announces Board Changes

Full year 2021 earnings released: AU$0.08 loss per share (vs AU$0.059 loss in FY 2020)

Calima Energy Limited Reports Brooks Pisces 3 Fracture Stimulation Completed

Executive Chairman recently bought AU$250k worth of stock

Price target decreased to AU$0.65

Calima Energy Limited Provides Production Update

Calima Energy Announces Drilling Update

Calima Energy Provides Drilling Update

Calima Energy Limited Announces the Continuation of Its 2022 Oil and Gas Drilling Campaign in the Brooks Area, by the Addition of Two Sunburst Horizontal Wells

Calima Energy Limited Confirms That the Pisces #3 Glauconitic Well At Brooks Has Reached Td and the Rig Has Been Released

Calima Energy Limited Announces Commencement of its Initial 2022 Oil and Gas Drilling Campaign in Brooks Area

Calima Energy Announces Commencement of 2 Well Horizontal Glauconitic Drilling Campaign at its Core Brooks Area

Calima Energy Limited Announces Thorsby Drilling Update Leo 3 Finished Drilling

Calima Energy's (ASX:CE1) Weak Earnings Might Be Worse Than They Appear

Calima Energy (ASX:CE1) Is Making Moderate Use Of Debt

Calima Energy Limited Announces Thorsby Drilling Update Leo 2 to Be Spudded

Calima Energy Limited Provides Update on Thorsby Sparky 3 Well Drilling