Carnarvon Energy Management

Management criteria checks 3/4

Carnarvon Energy's CEO is Philip Huizenga, appointed in Jan 2008, has a tenure of 16.33 years. total yearly compensation is A$760.71K, comprised of 71.6% salary and 28.4% bonuses, including company stock and options. directly owns 0.69% of the company’s shares, worth A$2.59M. The average tenure of the management team and the board of directors is 4.8 years and 0.4 years respectively.

Key information

Philip Huizenga

Chief executive officer

AU$760.7k

Total compensation

CEO salary percentage	71.6%
CEO tenure	16.3yrs
CEO ownership	0.7%
Management average tenure	4.8yrs
Board average tenure	less than a year

Recent management updates

Recent updates

CEO Compensation Analysis

How has Philip Huizenga's remuneration changed compared to Carnarvon Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$5m
Sep 30 2023	n/a	n/a	-AU$4m
Jun 30 2023	AU$761k	AU$544k	-AU$4m
Mar 31 2023	n/a	n/a	-AU$9m
Dec 31 2022	n/a	n/a	-AU$13m
Sep 30 2022	n/a	n/a	-AU$34m
Jun 30 2022	AU$788k	AU$533k	-AU$54m
Mar 31 2022	n/a	n/a	-AU$38m
Dec 31 2021	n/a	n/a	-AU$22m
Sep 30 2021	n/a	n/a	-AU$3m
Jun 30 2021	AU$638k	AU$550k	AU$17m
Mar 31 2021	n/a	n/a	AU$6m
Dec 31 2020	n/a	n/a	-AU$6m
Sep 30 2020	n/a	n/a	-AU$5m
Jun 30 2020	AU$633k	AU$583k	-AU$4m
Mar 31 2020	n/a	n/a	-AU$6m
Dec 31 2019	n/a	n/a	-AU$9m
Sep 30 2019	n/a	n/a	-AU$8m
Jun 30 2019	AU$1m	AU$572k	-AU$8m
Mar 31 2019	n/a	n/a	-AU$4m
Dec 31 2018	n/a	n/a	-AU$893k
Sep 30 2018	n/a	n/a	AU$266k
Jun 30 2018	AU$739k	AU$549k	AU$1m
Mar 31 2018	n/a	n/a	-AU$2m
Dec 31 2017	n/a	n/a	-AU$5m
Sep 30 2017	n/a	n/a	-AU$21m
Jun 30 2017	AU$598k	AU$514k	-AU$37m

Compensation vs Market: Philip's total compensation ($USD502.05K) is about average for companies of similar size in the Australian market ($USD635.47K).

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

CEO

Philip Huizenga

16.3yrs

Tenure

AU$760,713

Compensation

Mr. Philip Paul Huizenga has been the Chief Operating Officer of Carnarvon Energy Limited (formerly known as Carnarvon Petroleum Limited) since January 2008 and serves as its Chief Executive Officer since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Philip Huizenga	CEO & COO	16.3yrs	AU$760.71k	0.69% A$ 2.6m
Alex Doering	CFO & Joint Company Secretary	4.8yrs	AU$304.55k	0.069% A$ 259.8k
Hilton Funk	Financial Controller	1.3yrs	no data	no data

4.8yrs

Average Tenure

Experienced Management: CVN's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William Barker	Non-Executive Director	less than a year	no data	no data
Robert Black	Director	less than a year	no data	0.056% A$ 210.0k
William Foster	Independent Chairman & Lead Independent Director	13.8yrs	AU$190.00k	0.045% A$ 170.6k
Russell Delroy	Non-Executive Director	less than a year	no data	no data

0.4yrs

Average Tenure

Experienced Board: CVN's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.

Carnarvon Energy Management

Management criteria checks 3/4

Key information

Recent management updates

Director recently bought AU$192k worth of stock

Carnarvon Energy Limited Announces CEO Changes

Carnarvon Energy Limited Announces Director Resignations

Carnarvon Energy Limited, Annual General Meeting, Nov 17, 2023

Carnarvon Energy Limited Announces Retirement of Dr. Peter Moore as a Director, Effective 17 November 2023

Less than half of directors are independent

Recent updates

Director recently bought AU$192k worth of stock

New minor risk - Profitability

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Carnarvon Energy Limited Announces CEO Changes

Carnarvon Energy Limited Announces Director Resignations

Strike Energy Reportedly Out of Race for Oil, Gas Assets

Carnarvon Energy Limited, Annual General Meeting, Nov 17, 2023

Carnarvon Energy Limited Announces Retirement of Dr. Peter Moore as a Director, Effective 17 November 2023

Woodside Energy's Pyrenees and Macedon Oil and Gas Projects Reportedly Up for Sale through Morgan Stanley

Woodside Energy's Pyrenees and Macedon Oil and Gas Projects Reportedly Up for Sale through Morgan Stanley

OPIC Australia Pty Limited completed the acquisition of 10% stake in Bedout assets from Carnarvon Energy Limited (ASX:CVN).

Carnarvon Energy Limited Announces Dorado Regulatory Approval

Less than half of directors are independent

Carnarvon Energy Limited, Annual General Meeting, Nov 18, 2022

Carnarvon Energy Limited Provides an Update on Exploration Prospectivity and Potential Near-Term Drilling Opportunities Across the Acreage in the Bedout Sub-Basin

Carnarvon Energy Limited Announces Dorado Project Update

Less than half of directors are independent

Carnarvon Energy Limited Announces Apus-1 Drilling Update

Carnarvon Energy Limited Provides an Update on the Apus-1 Well

Carnarvon Energy Limited Announces Drilling Commence At Apus-1 Well

Carnarvon Energy Limited Announces Noble Tom Prosser Jack-Up Drilling Rig Mobilised to Apus-1 Well Location

Carnarvon Energy Limited Provides Update on Dorado Project

Carnarvon Energy Limited Provides an Update on the Pavo-1 Well That Is Currently Being Drilled in the WA-438-P Exploration Permit

Carnarvon Energy Limited Provides Pavo-1 Drilling Update

Carnarvon Energy Limited Announces Pavo-1 Drilling Update

Carnarvon Energy Limited Commences Drilling Rig At Pavo-1 Well Site

Carnarvon Energy Limited Announces Bedout Basin Seismic Update

Carnarvon Energy Limited Announces Rig moving to Pavo-1 location

Carnarvon Energy Limited Provides Update on the Buffalo-10 Well

Carnarvon Energy Limited Announces Buffalo-10 Drilling Update

Carnarvon Energy Limited Provides Buffalo-10 Drilling Update

Carnarvon Energy Limited Announces Commencement of Operations of Valaris JU-107 Jack-Up Drilling Rig At the Buffalo-10 Well Location

Carnarvon Energy Limited Announces Valaris JU-107 Jack-Up Drilling Rig Is Currently En-Route to the Buffalo-10 Location

Carnarvon Energy Limited Announces Pavo-1 and Apus-1 Drilling Update

Carnarvon Energy Limited Provides Buffalo Drilling Update

Carnarvon Energy Limited Provides Buffalo Project Update

Carnarvon Petroleum Limited Provides Buffalo Project Update

Carnarvon Petroleum Limited Provides Buffalo-10 Drilling Update

Carnarvon Petroleum Limited Announces Bedout Exploration Update

Carnarvon Petroleum Limited Confirms That the Noble Tom Prosser Jack-Up Drilling Rig Has Been Contracted to Drill the Pavo-1 and Apus-1 Exploration Wells

Carnarvon Petroleum Limited Announces Buffalo Drilling Update

New 90-day high: AU$0.32

Carnarvon Petroleum Limited Enters into a Binding Agreement with Advance Energy Plc

New 90-day high: AU$0.29

New 90-day high: AU$0.28

New 90-day high: AU$0.24

Carnarvon Petroleum Limited Announces Appointment of Debra Bakker as Non-Executive Director

New 90-day high: AU$0.21

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure