Horizon Oil Management

Management criteria checks 4/4

Horizon Oil's CEO is Richard Beament, appointed in Jul 2022, has a tenure of 2.33 years. total yearly compensation is $664.55K, comprised of 35.4% salary and 64.6% bonuses, including company stock and options. directly owns 0.79% of the company’s shares, worth A$2.39M. The average tenure of the management team and the board of directors is 2.3 years and 5.1 years respectively.

Key information

Richard Beament

Chief executive officer

US$664.6k

Total compensation

CEO salary percentage	35.4%
CEO tenure	2.3yrs
CEO ownership	0.8%
Management average tenure	2.3yrs
Board average tenure	5.1yrs

Recent management updates

Recent updates

Results: Horizon Oil Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Aug 31

Horizon Oil (ASX:HZN) Could Become A Multi-Bagger

Apr 19

Calculating The Fair Value Of Horizon Oil Limited (ASX:HZN)

Feb 01

Horizon Oil Limited's (ASX:HZN) 29% Dip In Price Shows Sentiment Is Matching Earnings

Sep 01

Horizon Oil (ASX:HZN) Has Debt But No Earnings; Should You Worry?

Feb 26

Horizon Oil (ASX:HZN) Share Prices Have Dropped 46% In The Last Year

Dec 15

CEO Compensation Analysis

How has Richard Beament's remuneration changed compared to Horizon Oil's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	US$665k	US$235k	US$26m
Mar 31 2024	n/a	n/a	US$35m
Dec 31 2023	n/a	n/a	US$43m
Sep 30 2023	n/a	n/a	US$44m
Jun 30 2023	US$1m	US$336k	US$44m
Mar 31 2023	n/a	n/a	US$40m
Dec 31 2022	n/a	n/a	US$35m
Sep 30 2022	n/a	n/a	US$30m
Jun 30 2022	US$539k	US$319k	US$24m
Dec 31 2021	n/a	n/a	US$11m
Sep 30 2021	n/a	n/a	US$8m
Jun 30 2021	US$480k	US$312k	US$5m
Dec 31 2020	n/a	n/a	US$10m
Sep 30 2020	n/a	n/a	US$13m
Jun 30 2020	US$384k	US$294k	US$16m
Mar 31 2020	n/a	n/a	US$19m
Dec 31 2019	n/a	n/a	US$23m
Sep 30 2019	n/a	n/a	US$30m
Jun 30 2019	US$435k	US$304k	US$36m

Compensation vs Market: Richard's total compensation ($USD664.55K) is about average for companies of similar size in the Australian market ($USD696.08K).

Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.

CEO

Richard Beament

2.3yrs

Tenure

US$664,552

Compensation

Mr. Richard Beament serves as Chief Executive Officer, Managing Director and Director of Horizon Oil Limited since July 01, 2022. He served as Chief Financial Officer at Horizon Oil Ltd since July 1, 2018...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Richard Beament	MD, CEO & Director	2.3yrs	US$664.55k	0.79% A$ 2.4m
Kyle Keen	CFO & Assistant Company Secretary	2.3yrs	US$403.71k	0.30% A$ 888.4k
Gavin Douglas	Group Chief Operating Officer	2.3yrs	US$445.38k	0.36% A$ 1.1m
Vasilios Margiankakos	Company Secretary & Group Tax Manager	2.3yrs	no data	no data

2.3yrs

Average Tenure

Experienced Management: HZN's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Richard Beament	MD, CEO & Director	2.3yrs	US$664.55k	0.79% A$ 2.4m
Richard Harding	Independent Non-Executive Chairman	6yrs	US$77.29k	0.031% A$ 92.5k
Peter Goode	Independent Non-Executive Director	less than a year	no data	no data
Bruce Frederick Clement	Independent Non-Executive Director	4.2yrs	US$38.65k	no data
Nigel Burgess	Non-Executive Director	3.3yrs	US$38.65k	no data
Gregory Bittar	Non-Executive Director	7.7yrs	US$38.65k	0.061% A$ 185.0k
Sandra Birkensleigh	Non-Executive Independent Director	8.8yrs	US$38.65k	no data
Bruno Lorenzon	Alternate Non-Executive Director	7.7yrs	no data	no data

5.1yrs

Average Tenure

67yo

Average Age

Experienced Board: HZN's board of directors are considered experienced (5.1 years average tenure).

Horizon Oil Management

Management criteria checks 4/4

Key information

Recent management updates

Horizon Oil Limited Announces Board Changes

Less than half of directors are independent

Horizon Oil Limited, Annual General Meeting, Nov 20, 2024

MD, CEO & Director exercised options to buy AU$1.7m worth of stock.

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Upcoming dividend of AU$0.015 per share

Horizon Oil Limited Announces Board Changes

Less than half of directors are independent

Results: Horizon Oil Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Horizon Oil Limited, Annual General Meeting, Nov 20, 2024

New Zealand Oil & Gas Limited (NZSE:NZO) and Horizon Oil Limited (ASX:HZN) completed the acquisition of 50% stake in Mereenie licenses in the Amadeus Basin from Macquarie Mereenie Pty Limited.

Horizon Oil Limited Revises Sales Volume Guidance for the Fiscal Year 2024

Upcoming dividend of AU$0.015 per share

First half dividend of AU$0.015 announced

First half 2024 earnings released: EPS: US$0.011 (vs US$0.012 in 1H 2023)

New Zealand Oil & Gas Limited (NZSE:NZO) and Horizon Oil Limited (ASX:HZN) agreed to acquire 50% stake in Mereenie licenses in the Amadeus Basin from Macquarie Mereenie Pty Limited.

New major risk - Revenue and earnings growth

Upcoming dividend of AU$0.02 per share at 22% yield

MD, CEO & Director exercised options to buy AU$1.7m worth of stock.

New minor risk - Shareholder dilution

Horizon Oil Limited Declares Final Unfranked Dividend for the Year Ended June 30, 2023, Payable on 25 October 2023

Full year 2023 earnings released: EPS: US$0.027 (vs US$0.015 in FY 2022)

Horizon Oil (ASX:HZN) Could Become A Multi-Bagger

Upcoming dividend of AU$0.015 per share at 16% yield

First half 2023 earnings released: EPS: US$0.012 (vs US$0.005 in 1H 2022)

Horizon Oil Limited Completes Four WZ12-8E Phase 2 Wells in Block 22/12, Beibu Gulf, China

Less than half of directors are independent

Horizon Oil Limited Commences Production from Infill Wells on the Wz6-12M and Wz6-12N Fields, and Commences Wz12-8E Phase 2 Drilling Programme

Less than half of directors are independent

Horizon Oil Limited Announces BLOCK 22/12, WZ12-8E PHASE 2 DRILLING PROGRAMME

Horizon Oil Limited, Annual General Meeting, Nov 16, 2022

Horizon Oil Limited Reports Update on Block 22/12, WZ6-12 Workover and Drilling Programme

Horizon Oil Limited Announces Ordinary Fully Paid Dividend for the Twelve Months Ended June 30, 2022, Payable on October 20, 2022

Horizon Oil Limited Provides Block 22/12 Production Update

Horizon Oil Limited Announces Commencement of Wz6-12 Workover and Drilling Programme in Block 22/12, Beibu Gulf, China

Horizon Oil Limited Announces Re-Start of Production At WZ12-8 East Oilfield in Block 22/12, Beibu Gulf, China

Less than half of directors are independent

Horizon Oil Limited Announces Wz12-8E A8 Exploration Well - Drilling Commences

Horizon Oil Limited Appoints Richard Beament as Director

Horizon Oil Limited Appoints Kyle Keen as Chief Financial Officer

Horizon Oil Limited Announces WZ12-8E Production and Operations Update

Less than half of directors are independent

Horizon Oil Limited Commences Production from 12-8 East Project, Offshore China

First half 2022 earnings released

Calculating The Fair Value Of Horizon Oil Limited (ASX:HZN)

General Counsel & Company Secretary Kylie Quinlivan has left the company

Horizon Oil Limited's (ASX:HZN) 29% Dip In Price Shows Sentiment Is Matching Earnings

Full year 2021 earnings released: EPS US$0.004 (vs US$0.042 loss in FY 2020)

Inaugural dividend of AU$0.03 per share

Inaugural dividend of AU$0.03 per share

Horizon Oil Limited Updates Progress on WZ12-8E Development, China

Horizon Oil (ASX:HZN) Has Debt But No Earnings; Should You Worry?

First half 2021 earnings released: EPS US$0.001 (vs US$0.006 in 1H 2020)

Horizon Oil (ASX:HZN) Share Prices Have Dropped 46% In The Last Year

Full year earnings released - AU$0.042 loss per share

Horizon Oil Limited(ASX:HZN) dropped from S&P/ASX All Ordinaries Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age