Shelf Drilling Management

Management criteria checks 2/4

Shelf Drilling's CEO is David Mullen, appointed in Oct 2012, has a tenure of 11.5 years. directly owns 0.51% of the company’s shares, worth €1.69M. The average tenure of the management team and the board of directors is 8.1 years and 8.8 years respectively.

Key information

David Mullen

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	11.5yrs
CEO ownership	0.5%
Management average tenure	8.1yrs
Board average tenure	8.8yrs

Recent management updates

Recent updates

CEO

David Mullen (65 yo)

11.5yrs

Tenure

Mr. David J. Mullen serves as the Chief Executive Officer at Shelf Drilling Holdings Limited and Shelf Drilling, Ltd since October 2012. Mr. Mullen serves as the Chief Executive Officer at Shelf Drilling (...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Mullen	CEO & Director	11.5yrs	no data	0.51% $ 1.7m
Gregory O'Brien	Executive VP & CFO	8.1yrs	no data	no data
William Hoffman	Executive VP & COO	no data	no data	no data
Daniel Hoff	Vice President of Human Resources & Communication	1.3yrs	no data	no data
Ian Clark	Executive Vice President	no data	no data	no data
Michael Mezzina	VP & Controller	no data	no data	no data

8.1yrs

Average Tenure

62.5yo

Average Age

Experienced Management: 6SD's management team is seasoned and experienced (8.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Mullen	CEO & Director	no data	no data	0.51% $ 1.7m
David Pittaway	Independent Director	8.8yrs	no data	no data
John Castle	Independent Director	11.4yrs	no data	0.23% $ 769.3k
Benjamin Sebel	Independent Director	11.4yrs	no data	0.083% $ 273.2k
Ernie Danner	Independent Chairman	10.5yrs	no data	0.25% $ 812.4k
David Williams	Independent Director	6.7yrs	no data	0.036% $ 119.3k
Usama Trabulsi	Independent Director	7yrs	no data	0.036% $ 119.3k
Xianzhi Mei	Director	less than a year	no data	no data

8.8yrs

Average Tenure

70yo

Average Age

Experienced Board: 6SD's board of directors are considered experienced (8.8 years average tenure).

Shelf Drilling Management

Management criteria checks 2/4

Key information

Recent management updates

Shelf Drilling, Ltd. Announces Resignation of John Reynolds as Director

Shelf Drilling, Ltd. Announces CFO Transition

Shelf Drilling, Ltd., Annual General Meeting, Jun 12, 2024

Insufficient new directors

Shelf Drilling, Ltd. Announces Mei Xianzhi Elected as A Director of the Company

Shelf Drilling, Ltd. Announces Lou Dongyang Stand Down as Director

Recent updates

New major risk - Financial position

Shelf Drilling, Ltd. Announces Resignation of John Reynolds as Director

Full year 2023 earnings released: US$0.038 loss per share (vs US$0.18 loss in FY 2022)

Shelf Drilling, Ltd. Announces CFO Transition

Investor sentiment deteriorates as stock falls 21%

Shelf Drilling, Ltd. to Report Q4, 2023 Final Results on Mar 04, 2024

Shelf Drilling, Ltd., Annual General Meeting, Jun 12, 2024

Investor sentiment improves as stock rises 19%

New minor risk - Shareholder dilution

New major risk - Financial position

New major risk - Share price stability

Shelf Drilling, Ltd. announced that it expects to receive NOK 640.2 million in funding

Second quarter 2023 earnings released: EPS: US$0.009 (vs US$0.12 loss in 2Q 2022)

New major risk - Share price stability

Insufficient new directors

Shelf Drilling, Ltd. Announces Mei Xianzhi Elected as A Director of the Company

Shelf Drilling, Ltd. Announces Lou Dongyang Stand Down as Director

First quarter 2023 earnings released: US$0.18 loss per share (vs US$0.034 loss in 1Q 2022)

Full year 2022 earnings released: US$0.18 loss per share (vs US$0.57 loss in FY 2021)

Shelf Drilling, Ltd. has completed a Follow-on Equity Offering in the amount of NOK 467.377214 million.

Shelf Drilling, Ltd., Annual General Meeting, Sep 06, 2023

Third quarter 2022 earnings released: US$0.034 loss per share (vs US$0.16 loss in 3Q 2021)

Second quarter 2022 earnings released: US$0.12 loss per share (vs US$0.17 loss in 2Q 2021)

Shelf Drilling, Ltd. has completed a Follow-on Equity Offering in the amount of NOK 499.2 million.

Shelf Drilling, Ltd. (OB:SHLF) agreed to acquire Remedy Rigs of Noble Corporation for approximately $380 million.

First quarter 2022 earnings released: US$0.034 loss per share (vs US$0.12 loss in 1Q 2021)

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Third quarter 2021 earnings released: US$0.16 loss per share (vs US$0.056 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.17 loss per share (vs US$0.06 profit in 2Q 2020)

First quarter 2021 earnings released: US$0.12 loss per share (vs US$1.36 loss in 1Q 2020)

Full year 2020 earnings released: US$2.02 loss per share (vs US$1.17 loss in FY 2019)

Revenue beats expectations

New 90-day high: €0.34

Shelf Drilling Announces Contract Update for High Island VII and Compact Driller

New 90-day high: €0.34

Shelf Drilling, Ltd. to Report First Half, 2021 Results on Aug 12, 2021

New 90-day high: €0.29

Third quarter 2020 earnings released: US$0.056 loss per share

Revenue misses expectations

Shelf Drilling, Ltd. Announces Contract Update for Main Pass I

New 90-day low: €0.22

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age