Touchstone Exploration Management

Management criteria checks 3/4

Touchstone Exploration's CEO is Paul Baay, appointed in May 2014, has a tenure of 9.92 years. total yearly compensation is $733.11K, comprised of 39.8% salary and 60.2% bonuses, including company stock and options. directly owns 0.96% of the company’s shares, worth €1.13M. The average tenure of the management team and the board of directors is 9.9 years and 6.8 years respectively.

Key information

Paul Baay

Chief executive officer

US$733.1k

Total compensation

CEO salary percentage	39.8%
CEO tenure	9.9yrs
CEO ownership	1.0%
Management average tenure	9.9yrs
Board average tenure	6.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Paul Baay's remuneration changed compared to Touchstone Exploration's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$21m
Sep 30 2023	n/a	n/a	-US$1m
Jun 30 2023	n/a	n/a	-US$3m
Mar 31 2023	n/a	n/a	-US$3m
Dec 31 2022	US$733k	US$292k	-US$3m
Sep 30 2022	n/a	n/a	US$5m
Jun 30 2022	n/a	n/a	US$6m
Mar 31 2022	n/a	n/a	US$6m
Dec 31 2021	US$817k	US$308k	US$6m
Sep 30 2021	n/a	n/a	US$860k
Jun 30 2021	n/a	n/a	US$208k
Mar 31 2021	n/a	n/a	-US$2m
Dec 31 2020	US$693k	US$260k	-US$11m
Sep 30 2020	n/a	n/a	-US$16m
Jun 30 2020	n/a	n/a	-US$17m
Mar 31 2020	n/a	n/a	-US$15m
Dec 31 2019	US$550k	US$239k	-US$6m
Sep 30 2019	n/a	n/a	-US$2m
Jun 30 2019	n/a	n/a	-US$267k
Mar 31 2019	n/a	n/a	US$43k
Dec 31 2018	US$419k	US$227k	US$358k
Sep 30 2018	n/a	n/a	US$3m
Jun 30 2018	n/a	n/a	US$1m
Mar 31 2018	n/a	n/a	US$597k
Dec 31 2017	US$437k	US$247k	-US$753k

Compensation vs Market: Paul's total compensation ($USD733.11K) is above average for companies of similar size in the German market ($USD406.04K).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.

CEO

Paul Baay (60 yo)

9.9yrs

Tenure

US$733,113

Compensation

Mr. Paul Raymond Baay, B.A., ICD D, served as Non-Executive Director at Southern Energy Corp. since June 16, 2022 until June 15, 2022 and served as its Special Advisor to Director until June 2023. He serv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Paul Baay	President	9.9yrs	US$733.11k	0.96% $ 1.1m
Scott Budau	Chief Financial Officer	9.9yrs	US$499.48k	0.35% $ 415.8k
James Shipka	Chief Operating Officer	9.7yrs	US$540.22k	0.41% $ 483.2k
Thomas Valentine	Corporate Secretary	9.9yrs	US$108.47k	0.17% $ 195.3k
Timothy Sweeney	General Counsel	13.8yrs	no data	no data

9.9yrs

Average Tenure

Experienced Management: PNW1's management team is seasoned and experienced (9.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Paul Baay	President	9.9yrs	US$733.11k	0.96% $ 1.1m
John Wright	Independent Chairman	11.5yrs	US$148.17k	2.04% $ 2.4m
Kenneth McKinnon	Independent Director	11.5yrs	US$134.32k	0.34% $ 397.4k
Peter Nicol	Independent Director	6.8yrs	US$126.94k	0.22% $ 262.8k
Harrie Vredenburg	Independent Director	11.5yrs	US$116.78k	0.21% $ 246.8k
Stanley Smith	Independent Director	6.5yrs	US$131.55k	0.29% $ 348.2k
Beverley Smith	Independent Director	3.3yrs	US$125.55k	0.026% $ 31.1k
Jenny Alfandary	Independent Director	1.8yrs	US$94.84k	0.0081% $ 9.5k
Priya Marajh	Independent Director	1.8yrs	US$91.81k	no data

6.8yrs

Average Tenure

63yo

Average Age

Experienced Board: PNW1's board of directors are considered experienced (6.8 years average tenure).

Touchstone Exploration Management

Management criteria checks 3/4

Key information

Recent management updates

Touchstone Exploration Inc., Annual General Meeting, Jun 19, 2024

President recently sold €81k worth of stock

Independent Chairman recently sold €252k worth of stock

Independent Chairman recently sold €94k worth of stock

Touchstone Exploration Inc. Announces Board of Director Changes

Chief Operating Officer recently sold €64k worth of stock

Recent updates

Touchstone Exploration Inc., Annual General Meeting, Jun 19, 2024

Touchstone Exploration Inc. Provides Operational Update, an Operational Update, Highlighted by Drilling Results At Cascadura-3ST1 Delineation Well and Co-374 Development Well

Full year 2023 earnings released: US$0.09 loss per share (vs US$0.015 loss in FY 2022)

Touchstone Exploration Inc. Commences Drilling the Cascadura-3 Development Well and the CO-374 Development Well

Touchstone Exploration Inc. Announces Cascadura-2 Drilling Results

Touchstone Exploration Inc. Provides Production Guidance for the Year 2024

New major risk - Share price stability

Third quarter 2023 earnings released

Touchstone Exploration Inc. to Report Q3, 2023 Results on Nov 14, 2023

President recently sold €81k worth of stock

Independent Chairman recently sold €252k worth of stock

Touchstone Exploration Inc. Announces Commencement of Cascadura Production

Touchstone Exploration Inc. Provides an Update on Royston-1X Well Production Testing, Commissioning of the Cascadura Natural Gas and Liquids Facility, and Operations at Coho

Touchstone Exploration Inc. Announces Ortoire Operational Update

Touchstone Exploration Inc. Provides an Update on the Construction of the Cascadura Facility and Royston-1X Production Testing

Touchstone Exploration Enters into Settlement Agreement with the Alberta Securities Commission

First quarter 2023 earnings released

Full year 2022 earnings released: US$0.01 loss per share (vs US$0.027 profit in FY 2021)

Touchstone Exploration Inc. Announces Commencement of Royston-1X Operations

Touchstone Exploration Inc. (TSX:TXP) agreed to acquire Rio Claro, Balata East and Balata East Deep Horizons Blocks of Lease Operators Limited.

Touchstone Exploration Inc. (TSX:TXP) agreed to acquire Rio Claro, Balata East and Balata East Deep Horizons Blocks of Lease Operators Limited.

Touchstone Exploration Inc. has completed a Follow-on Equity Offering in the amount of CAD 10.098 million.

Touchstone Exploration Inc. announced that it has received CAD 7.83396 million in funding

Third quarter 2022 earnings released: US$0.004 loss per share (vs US$0 in 3Q 2021)

Third quarter 2022 earnings released

Touchstone Exploration Inc. Announces First Natural Gas Production from Coho

Independent Chairman recently sold €94k worth of stock

Second quarter 2022 earnings released

Investor sentiment improved over the past week

Touchstone Exploration Inc. Announces Board of Director Changes

Touchstone Exploration Inc. Provides Operational Update

First quarter 2022 earnings released

Chief Operating Officer recently sold €64k worth of stock

Insufficient new directors

Touchstone Exploration Inc., Annual General Meeting, Jun 09, 2022

Full year 2021 earnings released: EPS: US$0.03 (vs US$0.06 loss in FY 2020)

Touchstone Exploration Inc. Announces Third Test Results at Royston-1 and Extended Production Test

Third quarter 2021 earnings released

Touchstone Exploration Inc. Announces Royston-1 Drilling Results

Second quarter 2021 earnings released: US$0.001 loss per share (vs US$0.015 loss in 2Q 2020)

President recently sold €96k worth of stock

Independent Chairman recently sold €67k worth of stock

Touchstone Provides Operational Update

First quarter 2021 earnings released

Full year 2020 earnings released: US$0.06 loss per share (vs US$0.036 loss in FY 2019)

Touchstone Exploration Inc. Announces Operational Update

New 90-day high: €1.92

New 90-day high: €1.50

Touchstone Exploration Inc. Announces Extend the Term of Its Lease Operatorship Agreements with Heritage Petroleum Company Limited for Its Coora-1, Coora-2, WD-4 and WD-8 Blocks to March 31, 2021

Touchstone Announces Appointment of Independent Director

Touchstone Exploration Inc. Executes Long-Term Natural Gas Sales Agreement with the National Gas Company of Trinidad and Tobago Limited

New 90-day high: €1.44

Touchstone Exploration Inc. Announces Cascadura Deep-1 Drilling Results

New 90-day high: €1.27

Revenue misses expectations

Touchstone Exploration Inc. has completed a Follow-on Equity Offering in the amount of £23.077273 million.

Touchstone Exploration Inc. Announces Operational Update, Highlighted by the Spudding of the Cascadura Deep-1 Exploration Well on the Ortoire Onshore Exploration Block

Touchstone Exploration Inc. Announces Significant Natural Gas Discovery at Chinook

New 90-day high: €0.91

Earnings released

New 90-day high - €0.83

New 90-day high - €0.71

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members