Tenth Avenue Petroleum Management

Management criteria checks 2/4

Tenth Avenue Petroleum's CEO is Cameron MacDonald, appointed in Sep 2021, has a tenure of 3.17 years. total yearly compensation is CA$182.77K, comprised of 65.7% salary and 34.3% bonuses, including company stock and options. directly owns 7.32% of the company’s shares, worth CA$233.99K. The average tenure of the management team and the board of directors is 2.9 years and 2.9 years respectively.

Key information

Cameron MacDonald

Chief executive officer

CA$182.8k

Total compensation

CEO salary percentage	65.7%
CEO tenure	3.2yrs
CEO ownership	7.3%
Management average tenure	2.9yrs
Board average tenure	2.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Cameron MacDonald's remuneration changed compared to Tenth Avenue Petroleum's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-CA$1m
Mar 31 2024	n/a	n/a	-CA$1m
Dec 31 2023	CA$183k	CA$120k	-CA$1m
Sep 30 2023	n/a	n/a	-CA$3m
Jun 30 2023	n/a	n/a	-CA$3m
Mar 31 2023	n/a	n/a	-CA$3m
Dec 31 2022	CA$175k	CA$120k	-CA$2m
Sep 30 2022	n/a	n/a	CA$276k
Jun 30 2022	n/a	n/a	CA$533k
Mar 31 2022	n/a	n/a	CA$354k
Dec 31 2021	CA$10k	CA$10k	CA$384k

Compensation vs Market: Cameron's total compensation ($USD130.76K) is about average for companies of similar size in the Canadian market ($USD169.13K).

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

CEO

Cameron MacDonald

3.2yrs

Tenure

CA$182,774

Compensation

Mr. Cameron MacDonald is Director of Interra Copper Corp. from October 16, 2024. Mr. MacDonald is CEO, President and Director at Tendrel Group Inc. He is Director at Copper Star Exploration Ltd. Mr. MacDon...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Cameron MacDonald	President	3.2yrs	CA$182.77k	7.32% CA$ 234.0k
Sonja Kuehnle	VP of Finance & CFO	1.5yrs	CA$95.78k	0.18% CA$ 5.6k
Scott Reeves	Corporate Secretary & Director	2.9yrs	CA$15.69k	0.94% CA$ 29.9k

2.9yrs

Average Tenure

Experienced Management: TPC's management team is considered experienced (2.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Cameron MacDonald	President	2.9yrs	CA$182.77k	7.32% CA$ 234.0k
Scott Reeves	Corporate Secretary & Director	2.9yrs	CA$15.69k	0.94% CA$ 29.9k
Ronald Hozjan	Independent Director	2.9yrs	CA$23.54k	3.27% CA$ 104.5k
Brian Prokop	Independent Director	2.9yrs	CA$23.54k	2.97% CA$ 94.9k

2.9yrs

Average Tenure

56yo

Average Age

Experienced Board: TPC's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Tenth Avenue Petroleum Management

Management criteria checks 2/4

Key information

Recent management updates

Tenth Avenue Petroleum Corp., Annual General Meeting, Nov 27, 2024

Tenth Avenue Petroleum Corp., Annual General Meeting, Sep 12, 2023

Tenth Avenue Petroleum Corp. Announces Chief Financial Officer Changes

High number of new and inexperienced directors

High number of new and inexperienced directors

No independent directors

Recent updates

Tenth Avenue Petroleum Corp. (TSXV:TPC) y has signed a non-binding Letter of Intent to acquire 82 boe/d (492 mcf/d) of low decline, long-life producing natural gas assets located north in Alberta for CAD 0.05 million.

Tenth Avenue Petroleum Corp. announced that it expects to receive CAD 1.7 million in funding

Tenth Avenue Petroleum Corp., Annual General Meeting, Nov 27, 2024

Second quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.012 loss in 2Q 2023)

Tenth Avenue Petroleum Announces Murray Lake Operational Update & Increases Injection Capacity with New Horizontal Well

First quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.007 loss in 1Q 2023)

Full year 2023 earnings released: CA$0.04 loss per share (vs CA$0.067 loss in FY 2022)

Third quarter 2023 earnings released: CA$0.003 loss per share (vs CA$0.007 loss in 3Q 2022)

Second quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.005 profit in 2Q 2022)

Tenth Avenue Petroleum Corp., Annual General Meeting, Sep 12, 2023

Tenth Avenue Petroleum Corp. Announces Chief Financial Officer Changes

High number of new and inexperienced directors

Tenth Avenue Petroleum Corp. (TSXV:TPC) agreed to acquire light oil, high netback asset in Southern Alberta from Danzig Resources Ltd. for CAD 0.76 million.

Tenth Avenue Petroleum Corp. Announces Project Update Including Successful Completion of Facility Upgrades and Cost Reductions

Full year 2021 earnings released: EPS: CA$0.03 (vs CA$0.014 loss in FY 2020)

High number of new and inexperienced directors

Tenth Avenue Petroleum Corp. acquired Crude Oil Assets in Murray Lake and Hays of Avalon Energy Ltd. for CAD 2.5 million.

Tenth Avenue Petroleum Corp. acquired Crude Oil Assets in Murray Lake and Hays of Avalon Energy Ltd. for CAD 2.5 million.

Tenth Avenue Petroleum Corp. announced that it has received CAD 3.13875 million in funding

Tenth Avenue Petroleum Corp. announced that it expects to receive CAD 3 million in funding

Tenth Avenue Petroleum Corp. (TSXV:TPC) entered into an agreement to acquire Crude Oil Assets in Murray Lake and Hays of Avalon Energy Ltd. for CAD 2.5 million.

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

No independent directors

Second quarter 2021 earnings released: CA$0.003 loss per share (vs CA$0.003 loss in 2Q 2020)

Full year 2020 earnings released: CA$0.01 loss per share (vs CA$0.05 loss in FY 2019)

Tenth Avenue Petroleum Corp. announced that it expects to receive CAD 0.5 million in funding

Tenth Avenue Petroleum Corp., Annual General Meeting, Apr 30, 2021

Third quarter 2020 earnings released: CA$0.008 loss per share

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age