Angus Energy Management

Management criteria checks 2/4

Angus Energy's CEO is Richard Herbert, appointed in Apr 2023, has a tenure of 1.08 years. total yearly compensation is £346.14K, comprised of 45.1% salary and 54.9% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth £29.05K. The average tenure of the management team and the board of directors is 4.8 years and 1.7 years respectively.

Key information

Richard Herbert

Chief executive officer

UK£346.1k

Total compensation

CEO salary percentage	45.1%
CEO tenure	1.1yrs
CEO ownership	0.2%
Management average tenure	4.8yrs
Board average tenure	1.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Richard Herbert's remuneration changed compared to Angus Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	UK£346k	UK£156k	UK£118m

Compensation vs Market: Richard's total compensation ($USD432.45K) is about average for companies of similar size in the UK market ($USD344.28K).

Compensation vs Earnings: Insufficient data to compare Richard's compensation with company performance.

CEO

Richard Herbert (65 yo)

1.1yrs

Tenure

UK£346,140

Compensation

Mr. Richard Herbert is Independent Director at Capricorn Energy PLC since February 1, 2023 and serves as its Senior Independent Director since February 2023. He is Non-Executive Director at Angus Energy pl...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Richard Herbert	CEO & Director	1.1yrs	UK£346.14k	0.19% £ 29.1k
Carlos Dos Fernandes	CFO, Finance Director	7.5yrs	UK£244.00k	0.025% £ 3.8k
Mike Wells	Director of Operations	4.8yrs	no data	no data

4.8yrs

Average Tenure

Experienced Management: ANGS's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Richard Herbert	CEO & Director	1.3yrs	UK£346.14k	0.19% £ 29.1k
Carlos Dos Fernandes	CFO, Finance Director	5.2yrs	UK£244.00k	0.025% £ 3.8k
Paul Forrest	Non-Executive Director	1.8yrs	UK£30.00k	11% £ 1.7m
Krzysztof Zielicki	Independent Interim Non-Executive Chairman of the Board	1.6yrs	no data	no data

1.7yrs

Average Tenure

59.5yo

Average Age

Experienced Board: ANGS's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.

Angus Energy Management

Management criteria checks 2/4

Key information

Recent management updates

Angus Energy plc Announces Resignation of Paul Forrest as Non-Executive Director

Angus Energy plc, Annual General Meeting, Apr 11, 2024

Andrew Hollis Resigns from the Board and the Position of Technical Director of Angus Energy plc

Less than half of directors are independent

Angus Energy plc Announces Executive Changes

Angus Energy plc Announces Resignation of George Lucan as Executive Chair

Recent updates

Angus Energy plc Announces Resignation of Paul Forrest as Non-Executive Director

Angus Energy plc Provides Revenue Guidance for the First Quarter of 2024

Full year 2023 earnings released: EPS: UK£0.035 (vs UK£0.068 loss in FY 2022)

Angus Energy plc, Annual General Meeting, Apr 11, 2024

New minor risk - Financial data availability

Angus Energy plc Provides Revenue Guidance for the Fourth Quarter 2023

Angus Energy plc Announces Balcombe Oil Field Update

Andrew Hollis Resigns from the Board and the Position of Technical Director of Angus Energy plc

Less than half of directors are independent

Angus Energy plc Announces Executive Changes

Angus Energy plc Announces Resignation of George Lucan as Executive Chair

Angus Energy plc to Report First Half, 2023 Results on Jun 30, 2023

Angus Energy plc Announces Potential Future Drilling and Gas Storage

Angus Energy plc Announces the Commissioning of the Recently Drilled B7t Sidetrack Well At the Saltfleetby Field

Non-Executive Director recently sold UK£128k worth of stock

Angus Energy plc Provides Operations Update on Saltfleetby Drilling

Angus Energy plc Announces Board Changes

Angus Energy plc, Annual General Meeting, Jan 25, 2023

Angus Energy plc Provides Saltfleetby Sidetrack Drilling Progress Update

Angus Energy plc Provides Update on Drilling Programme

No independent directors

Angus Energy plc Provides Side Track Spud and Forward Plan

Angus Energy plc Announces Revised Spud Date and Process Capacity Milestone

Angus Energy Appoints Krzysztof Zielicki as Non-Executive Director

Angus Energy plc Engages Richard Herbert, with the Responsibility of Developing and Expanding Production at the Saltfleetby Gas Field and Other Assets in the Angus Portfolio

Angus Energy plc Announces the Progress Update at Saltfleetby Project

Angus Energy Announces Joining of Paul Forrest to the Board of the Company as Non-Executive Director

Angus Energy plc Announce Progress Update at Saltfleetby

Angus Energy plc has completed a Follow-on Equity Offering in the amount of £2.002 million.

Angus Energy plc has completed a Follow-on Equity Offering in the amount of £2.002 million.

Angus Energy plc Announce Progress Update At Saltfleetby

Angus Energy plc Provides Saltfleetby Commissioning Update

Angus Energy plc Provides Progress Update at Saltfleetby

Angus Energy plc (AIM:ANGS) agreed to acquire additional 49% stake in Saltfleetby Energy Limited from Forum Energy Services Limited for Approximately £14 million.

Less than half of directors are independent

Insider recently sold UK£55k worth of stock

Insider recently sold UK£55k worth of stock

Angus Energy plc has completed a Follow-on Equity Offering in the amount of £1.4 million.

Insider recently sold UK£169k worth of stock

Angus Energy plc (AIM:ANGS) acquired additional 5% interest in Brockham Field from Alba Mineral Resources plc (AIM:ALBA) for £0.1 million.

Full year 2020 earnings released: UK£0.004 loss per share (vs UK£0.011 loss in FY 2019)

Angus Energy plc, Annual General Meeting, Mar 31, 2021

Angus Energy plc Announces Operational Update

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age