Pilot Energy Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Brad Lingo

Chief executive officer

AU$526.4k

Total compensation

CEO salary percentage	71.9%
CEO tenure	4.5yrs
CEO ownership	n/a
Management average tenure	2.4yrs
Board average tenure	4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Brad Lingo's remuneration changed compared to Pilot Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-AU$3m
Dec 31 2023	n/a	n/a	-AU$4m
Sep 30 2023	AU$526k	AU$378k	-AU$4m
Jun 30 2023	n/a	n/a	-AU$4m
Mar 31 2023	n/a	n/a	-AU$5m
Dec 31 2022	n/a	n/a	-AU$4m
Sep 30 2022	AU$475k	AU$333k	-AU$3m
Jun 30 2022	n/a	n/a	-AU$3m
Mar 31 2022	n/a	n/a	-AU$3m
Dec 31 2021	n/a	n/a	-AU$3m
Sep 30 2021	AU$444k	AU$358k	-AU$4m

Compensation vs Market: Brad's total compensation ($USD342.74K) is about average for companies of similar size in the Australian market ($USD297.87K).

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

CEO

Brad Lingo (63 yo)

4.5yrs

Tenure

AU$526,380

Compensation

Mr. Bradley William Lingo, also known as Brad, BA (hons), Juris Doctorate, MAICD, had been Chief Executive Officer of Armour Energy Limited since June 12, 2020 until April 04, 2022. He has been Chairman at...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bradley Lingo	MD & Executive Chair	no data	AU$526.38k	no data
Nicholas Watson	General Manager of Corporate Development	1.3yrs	AU$1.40m	no data
Violetta Gerikh	Finance Manager	less than a year	no data	no data
Cate Friedlander	Company Secretary & General Counsel	3.7yrs	no data	no data
Michael Lonergan	Head of Upstream	3.5yrs	AU$213.53k	0.68% A$ 167.3k

2.4yrs

Average Tenure

Experienced Management: PGY's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bradley Lingo	MD & Executive Chair	4.5yrs	AU$526.38k	no data
Bruce Gordon	Independent Non Executive Director	3.5yrs	AU$85.52k	0.40% A$ 97.5k
Daniel Chen	Independent Non-Executive Director	4.2yrs	AU$165.94k	0.52% A$ 129.0k

4.2yrs

Average Tenure

Experienced Board: PGY's board of directors are considered experienced (4.2 years average tenure).

Pilot Energy Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Pilot Energy Limited, Annual General Meeting, Feb 06, 2024

Pilot Energy Limited, Annual General Meeting, Feb 10, 2023

High number of new and inexperienced directors

Insider recently bought AU$134k worth of stock

Pilot Energy Limited, Annual General Meeting, Aug 19, 2022

Recent updates

New major risk - Shareholder dilution

Pilot Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 3.855298 million.

New minor risk - Share price stability

First half 2024 earnings released: AU$0.002 loss per share (vs AU$0.004 loss in 1H 2023)

New major risk - Financial position

Insufficient new directors

New major risk - Shareholder dilution

Pilot Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 2.424 million.

Full year 2023 earnings released: AU$0.005 loss per share (vs AU$0.005 loss in FY 2022)

Pilot Energy Limited, Annual General Meeting, Feb 06, 2024

Pilot Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 2.424 million.

Pilot Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 2.424 million.

New major risk - Share price stability

First half 2023 earnings released: AU$0.004 loss per share (vs AU$0.002 loss in 1H 2022)

Pilot Energy Limited announced that it has received AUD 3 million in funding

Full year 2022 earnings released: AU$0.005 loss per share (vs AU$0.014 loss in FY 2021)

Pilot Energy Limited, Annual General Meeting, Feb 10, 2023

No longer forecast to breakeven

High number of new and inexperienced directors

Pilot Energy Limited Provides Update on the MWCEP

Insider recently bought AU$134k worth of stock

Pilot Energy Limited, Annual General Meeting, Aug 19, 2022

Pilot Energy Limited announced that it expects to receive AUD 2.2 million in funding

Triangle Energy (Global) Limited and Pilot Energy Limited Provide Update on Cliff Head Joint Venture

Pilot Energy Limited Provides Mid West Clean Energy Project- Stage 1 Cliff Head CCS Update

Pilot Energy Limited Commences Mid West Clean Energy Project

High number of new and inexperienced directors

Triangle Energy (Global) Limited (ASX:TEG) signed a Sales and Purchase agreement to acquire 13.058% stake in Exploration Permit EP437 in Northern Perth Basin from Pilot Energy Limited (ASX:PGY).

Pilot Energy Limited (ASX:PGY) acquired remaining 40% stake in Murphy Australia WA-481P Oil Pty Ltd, Exploration Permit WA-481-P from Key Cooper Basin Pty Ltd.

Pilot Energy Limited Provides Update on Its Recently Completed Mid West Region Feasibility Studies

Pilot Energy Limited Provides Operational Update on WA- 481- P

Pilot Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 0.100024 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure