Metgasco Limited

ASX:MEL Stock Report

Market Cap: AU$7.3m

Metgasco Management

Management criteria checks 3/4

Metgasco's CEO is Ken Aitken, appointed in Sep 2018, has a tenure of 6.17 years. total yearly compensation is A$262.80K, comprised of 90.1% salary and 9.9% bonuses, including company stock and options. directly owns 0.91% of the company’s shares, worth A$66.13K. The average tenure of the management team and the board of directors is 0.8 years and 3.3 years respectively.

Key information

Ken Aitken

Chief executive officer

AU$262.8k

Total compensation

CEO salary percentage90.1%
CEO tenure6.2yrs
CEO ownership0.9%
Management average tenureless than a year
Board average tenure3.3yrs

Recent management updates

Recent updates

Is Metgasco (ASX:MEL) Weighed On By Its Debt Load?

Mar 21
Is Metgasco (ASX:MEL) Weighed On By Its Debt Load?

CEO Compensation Analysis

How has Ken Aitken's remuneration changed compared to Metgasco's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024AU$263kAU$237k

-AU$13m

Mar 31 2024n/an/a

-AU$7m

Dec 31 2023n/an/a

-AU$594k

Sep 30 2023n/an/a

-AU$1m

Jun 30 2023AU$271kAU$245k

-AU$2m

Mar 31 2023n/an/a

-AU$4m

Dec 31 2022n/an/a

-AU$6m

Sep 30 2022n/an/a

-AU$6m

Jun 30 2022AU$477kAU$269k

-AU$6m

Mar 31 2022n/an/a

-AU$4m

Dec 31 2021n/an/a

-AU$3m

Sep 30 2021n/an/a

-AU$2m

Jun 30 2021AU$333kAU$258k

-AU$1m

Mar 31 2021n/an/a

-AU$4m

Dec 31 2020n/an/a

-AU$7m

Sep 30 2020n/an/a

-AU$7m

Jun 30 2020AU$294kAU$225k

-AU$7m

Mar 31 2020n/an/a

-AU$7m

Dec 31 2019n/an/a

-AU$6m

Sep 30 2019n/an/a

-AU$10m

Jun 30 2019AU$231kAU$170k

-AU$14m

Compensation vs Market: Ken's total compensation ($USD172.71K) is below average for companies of similar size in the Australian market ($USD299.68K).

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

CEO

Ken Aitken

6.2yrs

Tenure

AU$262,800

Compensation

Mr. Ken J. Aitken, BSc, MICD, serves as Managing Director & Director at Metgasco Limited since July 23, 2021. Mr. Aitken had been the Chief Executive Officer at Empire Oil & Gas NL since May 5, 2014 until...

Leadership Team

NamePositionTenureCompensationOwnership
Ken Aitken
MD & Director6.2yrsAU$262.80k0.91%
A$ 66.1k
Harpreet Cheema
Chief Financial Officer1.4yrsno datano data
Henko Vos
Joint Company Secretaryless than a yearno datano data
Flynn Blackburn
Joint Company Secretaryless than a yearno datano data

0.8yrs

Average Tenure

Experienced Management: MEL's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Ken Aitken
MD & Director3.3yrsAU$262.80k0.91%
A$ 66.1k
Robbert Willink
Independent Non-Executive Director6.8yrsAU$60.00k1.24%
A$ 90.5k
Michael Glennon
Independent Non-Executive Chairmanless than a yearno datano data

3.3yrs

Average Tenure

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