Metgasco Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Ken Aitken

Chief executive officer

AU$270.8k

Total compensation

CEO salary percentage	90.5%
CEO tenure	5.7yrs
CEO ownership	0.3%
Management average tenure	no data
Board average tenure	4.5yrs

Recent management updates

Recent updates

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

Mar 21

CEO Compensation Analysis

How has Ken Aitken's remuneration changed compared to Metgasco's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$594k
Sep 30 2023	n/a	n/a	-AU$1m
Jun 30 2023	AU$271k	AU$245k	-AU$2m
Mar 31 2023	n/a	n/a	-AU$4m
Dec 31 2022	n/a	n/a	-AU$6m
Sep 30 2022	n/a	n/a	-AU$6m
Jun 30 2022	AU$477k	AU$269k	-AU$6m
Mar 31 2022	n/a	n/a	-AU$4m
Dec 31 2021	n/a	n/a	-AU$3m
Sep 30 2021	n/a	n/a	-AU$2m
Jun 30 2021	AU$333k	AU$258k	-AU$1m
Mar 31 2021	n/a	n/a	-AU$4m
Dec 31 2020	n/a	n/a	-AU$7m
Sep 30 2020	n/a	n/a	-AU$7m
Jun 30 2020	AU$294k	AU$225k	-AU$7m
Mar 31 2020	n/a	n/a	-AU$7m
Dec 31 2019	n/a	n/a	-AU$6m
Sep 30 2019	n/a	n/a	-AU$10m
Jun 30 2019	AU$231k	AU$170k	-AU$14m

Compensation vs Market: Ken's total compensation ($USD175.98K) is below average for companies of similar size in the Australian market ($USD290.69K).

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

CEO

Ken Aitken

5.7yrs

Tenure

AU$270,775

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...

Board Members

Name	Position	Tenure	Compensation	Ownership
Ken Aitken	MD & Director	2.8yrs	AU$270.78k	0.30% A$ 19.4k
Robbert Willink	Independent Non-Executive Director	6.2yrs	AU$60.00k	0.76% A$ 48.5k
Peter Lansom	Non-Executive Director	2.7yrs	AU$50.00k	0.21% A$ 13.3k
Philip Amery	Independent Non-Executive Chairman	8.3yrs	AU$93.69k	1.41% A$ 90.2k

4.5yrs

Average Tenure

Experienced Board: MEL's board of directors are considered experienced (4.5 years average tenure).

Metgasco Management

Management criteria checks 3/4

Key information

Recent management updates

Metgasco Ltd. Announces the Resignation of John Patton as Director

Metgasco Limited, Annual General Meeting, Nov 28, 2023

Metgasco Limited Announces CFO Changes

Less than half of directors are independent

Metgasco Limited, Annual General Meeting, Nov 30, 2022

Metgasco Limited Announces Change of Company Secretary

Recent updates

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

Metgasco Ltd. Announces the Resignation of John Patton as Director

Metgasco Limited, Annual General Meeting, Nov 28, 2023

New major risk - Financial position

Metgasco Limited Announces CFO Changes

New major risk - Market cap size

Metgasco Limited Provides Update on Vali and Odin Gas Projects

Metgasco Ltd Provides Operations Update on Vali and Odin Gas Projects

Metgasco Ltd Provides Update on the Expectations to Completion of the Vali Project in ATP2021

Less than half of directors are independent

Metgasco Limited Provides Update on Odin and Vali Project

Metgasco Limited, Annual General Meeting, Nov 30, 2022

Metgasco Limited Provides Update on Vali Gas Project

Metgasco Limited Announces Change of Company Secretary

Metgasco Ltd Provides the Following Operations Update on the Vali and Odin Projects

Metgasco Limited (ASX:MEL) entered into binding term sheet agreement to acquire Patriot Hydrogen Pty. Ltd.

ATP 2021 and Metgasco Ltd Announces Commencement of Work Program to Bring the Odin Gas Discovery to Market

Metgasco Ltd and Vintage Energy Ltd Announces Completion of the First, and Commencement of the Second, of Four Operational Phases to Bring the Vali Gas Field into Production

Vintage Energy Limited (ASX:VEN), along with Metgasco Limited (ASX:MEL) and Bridgeport (Cooper Basin) Pty Ltd. completed the acquisition of 15% stake in Cooper Basin licence PRL 211 from Beach Energy Limited (ASX:BPT).

Metgasco Limited Announces Ministerial Approval to Increase Odin Field Interest

Insider recently bought AU$1.5m worth of stock

Less than half of directors are independent

Metgasco Ltd Provides Operations Update in Relation to the Cervantes-1 Oil Exploration Well in the Perth Basin

Metgasco Ltd Provides Operations Update of Company's High-Impact Cervantes-1 Oil Well

Vintage Energy Limited (ASX:VEN), along with Metgasco Limited (ASX:MEL) and Bridgeport (Cooper Basin) Pty Ltd. agreed to acquire 15% stake in Cooper Basin licence PRL 211 from Beach Energy Limited (ASX:BPT) for AUD 2.25 million.

Metgasco Limited announced that it has received AUD 4.521715 million in funding

Metgasco Limited announced that it expects to receive AUD 4.992 million in funding

Metgasco Ltd Confirms That It Has Secured the Ensign 970 Drilling Rig and Comprehensive Environmental Approvals for the Cervantes-1 Exploration Oil Well, Situated in the Onshore Perth Basin Licence L14

Metgasco Limited Provides an Update on the Odin-1 Well Test Program

Less than half of directors are independent

Metgasco Ltd Provides Update on the Vali-3 Well

Metgasco Ltd Provides an Update on Vali-3 Drilling

Metgasco Ltd. Provide Updates on Odin-1 Well and Vali-3. Odin-1

Pepinnini Provides an Update on the Drilling of the Vali-3 Appraisal Well

Metgasco Limited Announces Odin-1 Gas Discovery to Be Cased for Production

Metgasco Limited Provides an Update on the ATP2021, PRL211 and L14 Cervantes Activities

ACCC Grants Interim Authorisation for Vintage Energy Ltd, Metgasco Ltd and Bridgeport (Cooper Basin) Pty Ltd to Enter into Joint Marketing Arrangements

Metgasco Ltd Announces ERCE Recently Completes an Independent Review of the Vali Gas Discovery

Metgasco Limited, Annual General Meeting, Dec 14, 2020

Vintage Energy Ltd, Metgasco Ltd and Bridgeport (Cooper Basin) Pty Ltd Completes Development Concept for the Vali Gas Field

Metgasco Limited has completed a Follow-on Equity Offering in the amount of AUD 2.6 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure