Africa Oil Management

Management criteria checks 2/4

Africa Oil's CEO is Roger Tucker, appointed in Sep 2023, has a tenure of 1.17 years. total yearly compensation is $1.83M, comprised of 16.4% salary and 83.6% bonuses, including company stock and options. directly owns 0.057% of the company’s shares, worth CA$478.18K. The average tenure of the management team and the board of directors is 2.1 years and 8.2 years respectively.

Key information

Roger Tucker

Chief executive officer

US$1.8m

Total compensation

CEO salary percentage	16.4%
CEO tenure	1.2yrs
CEO ownership	0.06%
Management average tenure	2.1yrs
Board average tenure	8.2yrs

Recent management updates

Recent updates

Is Africa Oil Corp. (TSE:AOI) Trading At A 29% Discount?

Feb 02

Africa Oil's(TSE:AOI) Share Price Is Down 34% Over The Past Five Years.

Feb 28

CEO Compensation Analysis

How has Roger Tucker's remuneration changed compared to Africa Oil's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$374m
Jun 30 2024	n/a	n/a	-US$38m
Mar 31 2024	n/a	n/a	US$69m
Dec 31 2023	US$2m	US$299k	US$87m

Compensation vs Market: Roger's total compensation ($USD1.83M) is above average for companies of similar size in the Canadian market ($USD1.21M).

Compensation vs Earnings: Insufficient data to compare Roger's compensation with company performance.

CEO

Roger Tucker (67 yo)

1.2yrs

Tenure

US$1,825,572

Compensation

Dr. Roger Morris Tucker was Independent Non-Executive Director of PetroTal Corp. from December 19, 2019 to August 8, 2024. He serves as President, Chief executive Officer and Director at Africa Oil Corp. s...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Roger Tucker	President	1.2yrs	US$1.83m	0.057% CA$ 478.2k
Pascal Nicodeme	Chief Financial Officer	5.1yrs	US$1.67m	0.25% CA$ 2.1m
Craig Knight	Chief Operations Officer	2.1yrs	US$1.00m	0.0045% CA$ 37.8k
Paul Martinez	Chief Technical Officer	13.7yrs	US$1.55m	0.13% CA$ 1.1m
Joanna Kay	Chief Legal Officer & Corporate Secretary	less than a year	US$314.05k	no data
Oliver Quinn	Chief Commercial Officer	no data	US$402.71k	0.016% CA$ 135.6k
Shahin Amini	Head of Investor Relations	no data	no data	no data

2.1yrs

Average Tenure

Experienced Management: AOI's management team is considered experienced (2.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Roger Tucker	President	1.2yrs	US$1.83m	0.057% CA$ 478.2k
Michael Ebsary	Independent Director	less than a year	no data	0.0011% CA$ 9.5k
Keith Hill	Non-Independent Director	18.1yrs	US$2.85m	0.72% CA$ 6.1m
John Craig	Independent Chairman of the Board	15.4yrs	US$176.19k	0.15% CA$ 1.2m
Gary Guidry	Independent Director	16.4yrs	US$146.88k	0.12% CA$ 1.0m
Kimberley Wood	Independent Director	6.8yrs	US$145.03k	0.060% CA$ 502.4k
Andrew Bartlett	Independent Director	9.5yrs	US$156.14k	0.098% CA$ 817.3k
Erin Johnston	Independent Director	5.3yrs	US$141.32k	0.026% CA$ 220.2k

8.2yrs

Average Tenure

66yo

Average Age

Experienced Board: AOI's board of directors are considered experienced (8.2 years average tenure).

Africa Oil Management

Management criteria checks 2/4

Key information

Recent management updates

President recently bought CA$92k worth of stock

Independent Chairman of the Board exercised options to buy CA$160k worth of stock.

Africa Oil Corp. Approves the Election of Michael Ebsary as Director

President recently bought CA$178k worth of stock

Africa Oil Corp., Annual General Meeting, May 23, 2024

President recently bought CA$541k worth of stock

Recent updates

President recently bought CA$92k worth of stock

Upcoming dividend of US$0.025 per share

First half dividend of US$0.025 announced

Africa Oil Corp. Declares Semi-Annual Cash Dividend, Payable on September 27, 2024

Africa Oil Corp. to Report Q2, 2024 Results on Aug 15, 2024

Independent Chairman of the Board exercised options to buy CA$160k worth of stock.

Consensus revenue estimates increase by 85%

Africa Oil Corp. Approves the Election of Michael Ebsary as Director

Africa Oil Corp. Provides Production Guidance for the Full Year 2024

Africa Oil Corp. to Report Q1, 2024 Results on May 15, 2024

Consensus revenue estimates decrease by 21%, EPS upgraded

President recently bought CA$178k worth of stock

Africa Oil Corp. (TSX:AOI) made an offer to acquire additional 8% stake in Impact Oil and Gas Limited for $64 million.

Consensus revenue estimates decrease by 41%

Africa Oil Corp. Provides Production Guidance for the Full Year 2024

New major risk - Revenue and earnings growth

Africa Oil Corp., Annual General Meeting, May 23, 2024

Is Africa Oil Corp. (TSE:AOI) Trading At A 29% Discount?

Africa Oil Corp. (TSX:AOI) acquired an additional 6.25% stake in Block 3B/4B in the Orange Basin offshore from Azinam Group Limited.

Africa Oil Corp. to Report Fiscal Year 2023 Results on Feb 28, 2024

Africa Oil Corp. Reaffirms Production Guidance for the Full Year 2023

President recently bought CA$541k worth of stock

Africa Oil Announces Strategic Hires to Strengthen Its Executive Team

Investor sentiment deteriorates as stock falls 15%

Consensus revenue estimates increase by 158%

Africa Oil Corp. Announces Positive Update on Namibia Operations

Upcoming dividend of US$0.025 per share at 2.1% yield

Africa Oil Corp. (TSX:AOI) entered an Letter of Intent to acquire additional 6.25% stake in Block 3B/4B in the Orange Basin offshore from Azinam Group Limited for $10.5 million.

Africa Oil Corp. (TSX:AOI) entered an Letter of Intent to acquire additional 6.25% stake in Block 3B/4B in the Orange Basin offshore from Azinam Group Limited for $10.5 million.

Africa Oil Corp. Announces Executive Changes, Effective September 5, 2023

ONGC Videsh Gets Partner in Oil India to Replace Reluctant Indian Oil Corporation for Potential Acquisition of 50% Stake in Tullow Oil's USD 3.4 Billion Oilfield Project in Kenya

ONGC Videsh Gets Partner in Oil India to Replace Reluctant Indian Oil Corporation for Potential Acquisition of 50% Stake in Tullow Oil's USD 3.4 Billion Oilfield Project in Kenya

Vice President of Exploration exercised options to buy CA$916k worth of stock.

Africa Oil Corp. to Report Q2, 2023 Results on Aug 14, 2023

Africa Oil Corp. Provides an Update on Its Appeal Process in Relation to Kenya Revenue Authority's Corporate Income Tax and Value Added Tax Assessments

Chief Financial Officer exercised options to buy CA$171k worth of stock.

Insufficient new directors

Africa Oil Corp. Reaffirms Production Guidance for the Full Year 2022

Africa Oil Corp. Announces Executive Changes

Investor sentiment improved over the past week

Insufficient new directors

Upcoming dividend of US$0.025 per share

Vice President of Exploration recently sold CA$646k worth of stock

Africa Oil Corp. Provides Production Guidance for the Year 2022

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Director exercised options to buy CA$119k worth of stock.

Africa Oil Corp. Provides Production Guidance for the Year 2022

Africa Oil Corp. Announces Major Light Oil Discovery Offshore Namibia

Investor sentiment improved over the past week

Consensus forecasts updated

Africa Oil Corp. Announces Venus-1X Exploration Well Spuds in Offshore Namibia Block 2913B

Investor sentiment improved over the past week

Consensus forecasts updated

Investor sentiment improved over the past week

Consensus forecasts updated

Consensus forecasts updated

Independent Chairman of the Board exercised options to buy CA$137k worth of stock.

Africa Oil's(TSE:AOI) Share Price Is Down 34% Over The Past Five Years.

Revenue and earnings miss expectations

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age