Panoro Energy Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

John Hamilton

Chief executive officer

US$1.3m

Total compensation

CEO salary percentage	42.0%
CEO tenure	9yrs
CEO ownership	0.3%
Management average tenure	no data
Board average tenure	9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Hamilton's remuneration changed compared to Panoro Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$1m	US$534k	US$33m
Sep 30 2023	n/a	n/a	US$35m
Jun 30 2023	n/a	n/a	US$42m
Mar 31 2023	n/a	n/a	US$42m
Dec 31 2022	US$1m	US$472k	US$19m
Sep 30 2022	n/a	n/a	US$20m
Jun 30 2022	n/a	n/a	-US$35m
Mar 31 2022	n/a	n/a	US$35m
Dec 31 2021	US$2m	US$484k	US$42m
Sep 30 2021	n/a	n/a	US$31m
Jun 30 2021	n/a	n/a	US$49m
Mar 31 2021	n/a	n/a	-US$11m
Dec 31 2020	US$1m	US$454k	-US$2m
Sep 30 2020	n/a	n/a	-US$2m
Jun 30 2020	n/a	n/a	US$2m
Mar 31 2020	n/a	n/a	US$15m
Dec 31 2019	US$995k	US$417k	US$5m
Sep 30 2019	n/a	n/a	US$9m
Jun 30 2019	n/a	n/a	US$4m
Mar 31 2019	n/a	n/a	-US$4m
Dec 31 2018	US$690k	US$375k	-US$5m
Sep 30 2018	n/a	n/a	-US$10m
Jun 30 2018	n/a	n/a	-US$8m
Mar 31 2018	n/a	n/a	-US$35m
Dec 31 2017	US$518k	US$380k	-US$36m

Compensation vs Market: John's total compensation ($USD1.27M) is about average for companies of similar size in the UK market ($USD1.04M).

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

CEO

John Hamilton (58 yo)

9yrs

Tenure

US$1,271,000

Compensation

Mr. John Andrew Hamilton, FCCA is Director at Magnora ASA since December 18, 2018. He has been Chief Executive Officer at Panoro Energy ASA since May 13, 2015. Mr. Hamilton has been Senior Advisor of Molec...

Board Members

Name	Position	Tenure	Compensation	Ownership
Garrett Soden	Independent Non-Executive Director	9yrs	US$73.00k	no data
Grace Skaugen	Advisor to the Board	less than a year	US$31.00k	no data
Torstein Sanness	Independent Deputy Chairman of the Board	9yrs	US$79.00k	no data
Julien Olivier Balkany	Chairman of the Board	9.6yrs	US$115.00k	2.58% $ 85.5m
Alexandra Herger	Independent Non-Executive Director	9.6yrs	US$77.00k	no data
Gunvor Ellingsen	Non-Executive Director	less than a year	US$49.00k	no data

9.0yrs

Average Tenure

66yo

Average Age

Experienced Board: 0N08's board of directors are considered experienced (9 years average tenure).

Panoro Energy Management

Management criteria checks 3/4

Key information

Recent management updates

Technical Director recently bought kr150k worth of stock

Technical Director recently bought kr533k worth of stock

Chairman of the Board recently bought kr387k worth of stock

Panoro Energy ASA, Annual General Meeting, May 23, 2024

Chairman of the Board recently bought kr495k worth of stock

Chief Executive Officer recently bought kr3.0m worth of stock

Recent updates

Full year 2023 earnings released: EPS: US$0.29 (vs US$0.16 in FY 2022)

Technical Director recently bought kr150k worth of stock

Upcoming dividend of kr0.43 per share

Full year 2023 earnings released: EPS: US$0.29 (vs US$0.16 in FY 2022)

Panoro Energy ASA Declares Cash Distribution, Payable on or About 21 March 2024

Panoro Energy ASA Provides Operations Update and Planned Activities in 2024

Panoro Energy ASA Provides Production Guidance for the First Quarter and Full Year 2024

Panoro Energy ASA Provides Update on Operations Offshore Equatorial Guinea

Technical Director recently bought kr533k worth of stock

Chairman of the Board recently bought kr387k worth of stock

Panoro Energy ASA, Annual General Meeting, May 23, 2024

Third quarter 2023 earnings released: EPS: US$0.24 (vs US$0.31 in 3Q 2022)

Panoro Energy ASA Declares a Cash Distribution, Payable on or About 15 December 2023

Panoro Energy ASA Provides an Update on Production and the Planned Drilling Schedule At the Dussafu Marin Permit Offshore Gabon

Panoro Energy ASA Announces Significant Oil Discovery Offshore Gabon

Panoro Energy ASA Announces Dussafu Operations Update

Panoro Energy ASA Provides Production Guidance for Fourth Quarter and Full Year 2023

Panoro Energy ASA Announces Dussafu Drilling Update

Upcoming dividend of kr0.34 per share at 4.7% yield

Chairman of the Board recently bought kr495k worth of stock

Panoro Energy ASA Declares Cash Dividend, Payable on or about 20 September 2023

Panoro Energy ASA Announces Dussafu Drilling Update

Chief Executive Officer recently bought kr3.0m worth of stock

Panoro Energy ASA Announces Dussafu Drilling Update

Less than half of directors are independent

Panoro Energy ASA Approves the Election of Gunvor Ellingsen to the Board

Panoro Energy ASA Declares Cash Dividend, Payable on or about 12 June 2023

Full year 2022 earnings released: EPS: US$0.16 (vs US$0.40 in FY 2021)

Full year 2022 earnings released: EPS: US$0.20 (vs US$0.40 in FY 2021)

Panoro Energy ASA Provides Revenue Guidance for the Year 2022 and Production Guidance for the Fourth Quarter and Full Year 2022 and First Quarter and Full Year 2023

Panoro Energy Asa Provides Development Drilling Commences on Schedule At Dussafu Marin

Panoro Energy ASA to Report First Half, 2023 Results on Aug 24, 2023

Third quarter 2022 earnings released: EPS: US$0.31 (vs US$0.18 loss in 3Q 2021)

Panoro Energy ASA Provides Production Guidance for the Years 2022 and 2023

Panoro Energy ASA Announces Commencement of Operations on Gazania-1 Exploration Well Offshore South Africa

Second quarter 2022 earnings released: US$0.13 loss per share (vs US$0.49 profit in 2Q 2021)

Panoro Energy ASA Provides Production Guidance for the Full Year 2022

PetroNor E&P ASA (OB:PNOR) acquired 100% stake in OML 113 in Aje field from Panoro Energy ASA (OB:PEN) and ADM Energy plc (AIM:ADME) for $26.17 million.

PetroNor E&P ASA (OB:PNOR) acquired 100% stake in OML 113 in Aje field from Panoro Energy ASA (OB:PEN) and ADM Energy plc (AIM:ADME) for $26.17 million.

Panoro Energy ASA Provides Dussafu Marin Update

First quarter 2022 earnings released: US$0.079 loss per share (vs US$0.018 loss in 1Q 2021)

Panoro Energy ASA Appoints Grace Reksten Skaugen as Non-Executive Director

Panoro Energy ASA Provides Sales Guidance for the First Quarter of 2022 and Production Guidance for the Year 2022

No independent directors

Investor sentiment improved over the past week

Full year 2021 earnings: Revenues miss analyst expectations

Panoro Energy Asa Provides Earnings Guidance for the Full Year 2021 and Production Guidance for 2022

Chairman of the Board recently bought kr1.9m worth of stock

Non-Executive Director recently bought kr91k worth of stock

Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint

Non-Executive Director recently bought kr76k worth of stock

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Panoro Energy Announces Drilling Operations Have Concluded At the Hibiscus North Exploration Well

Second quarter 2021 earnings released: EPS US$0.49 (vs US$0.067 loss in 2Q 2020)

Panoro Energy Announces Oil Discovery

First quarter 2021 earnings released: US$0.018 loss per share (vs US$0.12 profit in 1Q 2020)

Panoro Energy ASA Announces Hibiscus Extension Well Update

Full year 2020 earnings released: US$0.033 loss per share (vs US$0.085 profit in FY 2019)

Panoro Energy ASA has completed a Follow-on Equity Offering in the amount of NOK 85.25 million.

New 90-day high: kr21.95

Tullow Oil plc Announces Two Separate Sale and Purchase Agreements with Panoro Energy ASA

Panoro Energy ASA has completed a Follow-on Equity Offering in the amount of NOK 593.284991 million.

Panoro Energy ASA (OB:PEN) signed an sale and purchase agreement to acquire Tullow's assets in Equatorial Guinea from Tullow Oil plc (LSE:TLW) for approximately $110 million.

Panoro Energy ASA, Annual General Meeting, May 27, 2021

Third quarter 2020 earnings released: US$0.028 loss per share

Market bids up stock over the past week

Market bids up stock over the past week

Panoro Energy ASA(OB:PEN) dropped from S&P Global BMI Index