Arrow Exploration Management

Management criteria checks 2/4

Arrow Exploration's CEO is G. Abbott, appointed in Apr 2020, has a tenure of 4.08 years. total yearly compensation is $919.15K, comprised of 33.1% salary and 66.9% bonuses, including company stock and options. directly owns 1.88% of the company’s shares, worth €1.28M. The average tenure of the management team and the board of directors is 4.1 years and 4.1 years respectively.

Key information

G. Abbott

Chief executive officer

US$919.1k

Total compensation

CEO salary percentage	33.1%
CEO tenure	4.1yrs
CEO ownership	1.9%
Management average tenure	4.1yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has G. Abbott's remuneration changed compared to Arrow Exploration's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$1m
Sep 30 2023	n/a	n/a	US$12m
Jun 30 2023	n/a	n/a	US$7m
Mar 31 2023	n/a	n/a	US$9m
Dec 31 2022	US$919k	US$304k	US$347k
Sep 30 2022	n/a	n/a	US$4m
Jun 30 2022	n/a	n/a	US$2m
Mar 31 2022	n/a	n/a	US$772k
Dec 31 2021	US$652k	US$187k	US$6m
Sep 30 2021	n/a	n/a	-US$9m
Jun 30 2021	n/a	n/a	-US$11m
Mar 31 2021	n/a	n/a	-US$7m
Dec 31 2020	US$151k	US$57k	-US$32m

Compensation vs Market: G.'s total compensation ($USD919.15K) is above average for companies of similar size in the German market ($USD400.67K).

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

CEO

G. Abbott

4.1yrs

Tenure

US$919,150

Compensation

Mr. G. Marshall Abbott serves as Chief Executive Officer and Director of Arrow Exploration Corp. since April 14, 2020. He served as Chairman and Chief Executive Officer at Bernum Petroleum Ltd from June 20...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
P. Jull	Executive Chairman	4.2yrs	US$784.90k	1.4% $ 950.7k
G. Abbott	CEO & Director	4.1yrs	US$919.15k	1.88% $ 1.3m
Joe McFarlane	Chief Financial Officer	4.1yrs	US$258.95	2.03% $ 1.4m
Philip Miller	Senior Vice President of Exploration	5.7yrs	US$278.06k	2.1% $ 1.4m
Mauricio Restrepo	Corporate Secretary	4.3yrs	no data	no data

4.1yrs

Average Tenure

Experienced Management: C1JT's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
P. Jull	Executive Chairman	4.2yrs	US$784.90k	1.4% $ 950.7k
G. Abbott	CEO & Director	4.1yrs	US$919.15k	1.88% $ 1.3m
Ian Langley	Independent Director	less than a year	no data	no data
Ravi Sharma	Independent Director	5.7yrs	US$164.98k	0.0047% $ 3.2k
Anthony Zaidi	Independent Director	4.4yrs	US$142.32k	no data
Grant F. Carnie	Senior Independent Director	2.9yrs	US$264.61k	no data

4.1yrs

Average Tenure

Experienced Board: C1JT's board of directors are considered experienced (4.1 years average tenure).

Arrow Exploration Management

Management criteria checks 2/4

Key information

Recent management updates

Arrow Exploration Corp., Annual General Meeting, Sep 20, 2023

Less than half of directors are independent

Arrow Exploration Corp., Annual General Meeting, Jul 19, 2022

Less than half of directors are independent

Arrow Exploration Corp. Announces Management Changes

Recent updates

Full year 2023 earnings released: US$0.005 loss per share (vs US$0.002 profit in FY 2022)

Arrow Exploration Corp. Provides an Update on Activity on the Tapir Block in the Llanos Basin of Colombia

Arrow Exploration Corp. Announces Operations Update

Third quarter 2023 earnings released: EPS: US$0.03 (vs US$0.009 in 3Q 2022)

Arrow Exploration Corp. Provides Update on Rio Cravo Este-6 Well on the Tapir Block in the Llanos Basin of Colombia

New major risk - Share price stability

Arrow Exploration Corp. Provides C7 Production and Production Update C7

Arrow Exploration Corp. Announces Maiden Carrizales Norte Reserves Corporate Economic 1P, 2P and 3P Reserves Doubled

Arrow Exploration Corp. Provides an Update on Operational Activity At the Carrizales Norte Field on the Tapir Block in the Llanos Basin of Colombia

Second quarter 2023 earnings released: US$0.003 loss per share (vs US$0.004 profit in 2Q 2022)

Arrow Exploration Corp. Announces CN-2 Well Results Exceed Expectations in Ubaque Formation

Arrow Exploration Corp., Annual General Meeting, Sep 20, 2023

Arrow Exploration Corp. Provides an Update on the Operational Activity At the Carrizales Norte Field on the Tapir Block in the Llanos Basin of Colombia

Arrow Exploration Corp. Provides an Update on the Carrizales Norte-1 Well

Arrow Exploration Corp. Provides an Update on the Carrizales Norte-1 Well

Arrow Exploration Corp. Provides an Update on the Drilling of Carrizales Norte 1, an Exploration Well on the Tapir Block in the Llanos Basin of Colombia

Arrow Exploration Corp. Announces Spudding of Carrizales Norte-1 Well

Full year 2022 earnings released: EPS: US$0.002 (vs US$0.06 in FY 2021)

Arrow Exploration Corp. Provides Update on Operations

Arrow Exploration Corp. Announces Drilling Rig Mobilized to Rio Cravo Este Multiwell Pad

Third quarter 2022 earnings released: EPS: US$0.009 (vs US$0 in 3Q 2021)

Less than half of directors are independent

Arrow Exploration Corp. Announces Operations Update

Arrow Exploration Corp. Announces Test Results of East Pepper Well

Second quarter 2022 earnings released: EPS: US$0.004 (vs US$0.011 loss in 2Q 2021)

Arrow Exploration Corp. Announces Test Results of RCS-1 Well

Arrow Exploration Corp. Announces Further Update on the Rio Cravo Sur-1

First quarter 2022 earnings released: US$0.025 loss per share (vs US$0.007 loss in 1Q 2021)

Arrow Exploration Corp. Announces RCE-2 Well on Stream, RCS-1 Spud

Arrow Exploration Corp. Announces Test Results of RCE-2 Well

Arrow Exploration Corp., Annual General Meeting, Jul 19, 2022

Less than half of directors are independent

Arrow Exploration Corp. Announces Further Update on RCE-2 Well

Arrow Exploration Corp. Announces Spudding of RCE-2 Well and Provides Corporate Outlook

Arrow Exploration Corp. Provides Operational Update Regarding RCE-2 Well at Rio Cravo Este Field in Colombia

Arrow Exploration Corp. Shares an Operational Update, as Well as Near-Term Plans for Its Colombian and Canadian Assets

Forecast to breakeven in 2022

Second quarter 2021 earnings released: US$0.011 loss per share (vs US$0.046 profit in 2Q 2020)

Arrow Exploration Announces Planned Tie-In of West Pepper Well, Alberta and an Update on the Aim Listing and Offering Process

Arrow Exploration Corp. Announces Re-Start of Production from the Morsa-1 Well, Re-Start of Production At the Capella Field, and A Corporate Production Update

Independent Director Timothy de Freitas has left the company

Independent Director Gustavo Dajer Barguil has left the company

Independent Director Brian Hearst has left the company

First quarter 2021 earnings released: US$0.007 loss per share (vs US$0.38 loss in 1Q 2020)

Arrow Exploration Corp. Announces Management Changes

Arrow Exploration Corp.(TSXV:AXL) dropped from S&P Global BMI Index

COG Energy Ltd. completed the acquisition of LLA 23 Block in Colombia from Arrow Exploration Corp. (TSXV:AXL).

Third quarter 2020 earnings released: US$0.02 loss per share

Earnings released

COG Energy Ltd. entered into an agreement to acquire LLA 23 Block in Colombia from Arrow Exploration Corp. (TSXV:AXL) for $12 million.

An unknown buyer completed the acquisition of Non-Core Interest in Colombia from Arrow Exploration Corp. (TSXV:AXL).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure