Bonterra Energy Management

Management criteria checks 3/4

Bonterra Energy's CEO is Pat Oliver, appointed in Sep 2022, has a tenure of 1.58 years. total yearly compensation is CA$679.60K, comprised of 57.8% salary and 42.2% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth €184.31K. The average tenure of the management team and the board of directors is 7.1 years and 2.9 years respectively.

Key information

Pat Oliver

Chief executive officer

CA$679.6k

Total compensation

CEO salary percentage	57.8%
CEO tenure	1.6yrs
CEO ownership	0.1%
Management average tenure	7.1yrs
Board average tenure	2.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Pat Oliver's remuneration changed compared to Bonterra Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$680k	CA$393k	CA$45m
Sep 30 2023	n/a	n/a	CA$47m
Jun 30 2023	n/a	n/a	CA$51m
Mar 31 2023	n/a	n/a	CA$76m
Dec 31 2022	CA$1m	CA$123k	CA$79m

Compensation vs Market: Pat's total compensation ($USD497.42K) is about average for companies of similar size in the German market ($USD691.02K).

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

CEO

Pat Oliver (60 yo)

1.6yrs

Tenure

CA$679,599

Compensation

Mr. Patrick G. Oliver, also known as Pat, C.A., serves as President, Chief Executive Officer & Director of Bonterra Energy Corp. since September 06, 2022. He serves as the President and Chief Executive Off...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Patrick Oliver	CEO, President & Director	1.6yrs	CA$679.60k	0.12% CA$ 184.3k
Robb Thompson	CFO & Corporate Secretary	13.2yrs	CA$656.65k	0.38% CA$ 584.4k
Brad Curtis	Senior Vice President of Business Development	7.1yrs	CA$584.90k	0.29% CA$ 444.8k
Steve Ewens	Interim Chief Operating Officer	no data	no data	no data

7.1yrs

Average Tenure

Experienced Management: QNC1's management team is seasoned and experienced (7.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Patrick Oliver	CEO, President & Director	1.6yrs	CA$679.60k	0.12% CA$ 184.3k
Donald Michael Stewart	Independent Chairman of the Board	3.1yrs	CA$99.75k	0.080% CA$ 122.9k
George Fink	Director Emeritus	less than a year	CA$749.51k	12.9% CA$ 19.7m
Rodger Tourigny	Independent Director	10.9yrs	CA$50.00k	0.29% CA$ 435.5k
Jacqueline Ricci	Independent Director	3.9yrs	CA$79.75k	0.21% CA$ 324.8k
Stacey McDonald	Independent Director	2.7yrs	CA$79.75k	no data
David Humphreys	Independent Director	less than a year	CA$148.19k	0.27% CA$ 409.6k
John Campbell	Independent Director	3.9yrs	CA$79.75k	0.080% CA$ 122.9k

2.9yrs

Average Tenure

65.5yo

Average Age

Experienced Board: QNC1's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Bonterra Energy Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Director recently sold €70k worth of stock

Bonterra Energy Corp., Annual General Meeting, May 22, 2024

High number of new directors

Bonterra Energy Corp. Announces Appointment of Dave Humphreys to its Board of Directors

High number of new directors

High number of new directors

Recent updates

Independent Director recently sold €70k worth of stock

Bonterra Energy Corp. to Report Q1, 2024 Results on May 14, 2024

New minor risk - Profit margin trend

Full year 2023 earnings released: EPS: CA$1.21 (vs CA$2.20 in FY 2022)

Bonterra Energy Corp., Annual General Meeting, May 22, 2024

Investor sentiment improves as stock rises 18%

Bonterra Energy Corp. Reiterates Production Guidance for the Year 2024

Bonterra Energy Corp. Provides Production Guidance for the Year 2024

Bonterra Energy Corp. to Report Q4, 2023 Results on Mar 07, 2024

Bonterra Energy Corp. Provides Production Guidance for the Year 2024

Third quarter 2023 earnings released: EPS: CA$0.36 (vs CA$0.49 in 3Q 2022)

Bonterra Energy Corp. Provides Production Guidance for the Year 2023

Investor sentiment deteriorates as stock falls 16%

Bonterra Energy Corp. to Report Q3, 2023 Results on Nov 08, 2023

High number of new directors

Bonterra Energy Corp. Announces Appointment of Dave Humphreys to its Board of Directors

Bonterra Energy Corp. Reaffirms Production Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: CA$0.24 (vs CA$0.93 in 2Q 2022)

Bonterra Energy Corp. to Report Q2, 2023 Results on Aug 10, 2023

Investor sentiment improves as stock rises 20%

First quarter 2023 earnings released: EPS: CA$0.21 (vs CA$0.30 in 1Q 2022)

Investor sentiment deteriorates as stock falls 16%

Full year 2022 earnings released: EPS: CA$2.20 (vs CA$5.32 in FY 2021)

Bonterra Energy Corp. Provides Production Guidance for the Full Year 2023

Bonterra Energy Corp. Provides Production Guidance for the Year 2023

High number of new directors

Third quarter 2022 earnings released: EPS: CA$0.49 (vs CA$0.22 in 3Q 2021)

Bonterra Energy Corp. Provides Production Guidance for the Year 2022

High number of new directors

Bonterra Energy Corp. to Report Q3, 2022 Results on Nov 08, 2022

High number of new directors

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: CA$0.93 (vs CA$4.68 in 2Q 2021)

Bonterra Energy Corp. Affirms Production Guidance for the Year 2022

Bonterra Energy Corp. Announces Management Changes

Bonterra Energy Corp. to Report Q2, 2022 Results on Aug 09, 2022

First quarter 2022 earnings released: EPS: CA$0.30 (vs CA$0.05 loss in 1Q 2021)

Bonterra Energy Corp. Reaffirms Production Guidance for the Year 2022

Independent Chairman of the Board recently sold €141k worth of stock

Bonterra Energy Corp. to Report Q1, 2022 Results on May 10, 2022

Investor sentiment improved over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

Independent Director recently sold €103k worth of stock

Investor sentiment improved over the past week

Bonterra Energy Corp. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2021

Bonterra Energy Corp. Provides Production Guidance for the Year 2022

Third quarter 2021 earnings released: EPS CA$0.22 (vs CA$0.16 loss in 3Q 2020)

Insider recently sold €4.3m worth of stock

Second quarter 2021 earnings released: EPS CA$4.68 (vs CA$0.18 loss in 2Q 2020)

Bonterra Energy Corp. Provides Operational Update

Bonterra Energy Corp. Reiterates Production Guidance for the Full Year 2021

Bonterra Energy Corp., Annual General Meeting, May 20, 2021

Bonterra Energy Corp. Names D. Michael G. Stewart to Board of Directors

Full year 2020 earnings released: CA$9.19 loss per share (vs CA$0.66 profit in FY 2019)

Revenue misses expectations

Insider recently sold €3.1m worth of stock

New 90-day high: €1.82

Chairman & CEO recently bought €38k worth of stock

New 90-day high: €1.35

Bonterra Energy Corp. to Report Q4, 2020 Results on Mar 09, 2021

New 90-day high: €1.12

New 90-day high: €1.07

Third quarter 2020 earnings released: CA$0.16 loss per share

Bonterra Energy Corp. Announces Approval of EDC and BDC Programs by its Lending Syndicate and Extension of the Revolving Credit Facility to Finalize Banking Documentation

Obsidian Energy Ltd. (TSX:OBE) entered into a non-binding business proposal to acquire Bonterra Energy Corp. (TSX:BNE) ) for CAD 38.3 million.

New 90-day low: €0.72

New 90-day low - €0.80

First half earnings released