DNO Management

Management criteria checks 2/4

DNO's CEO is Chris Spencer, appointed in Jul 2021, has a tenure of 2.75 years. total yearly compensation is $1.17M, comprised of 50% salary and 50% bonuses, including company stock and options. directly owns 0.057% of the company’s shares, worth NOK6.12M. The average tenure of the management team and the board of directors is 5.3 years and 8.8 years respectively.

Key information

Chris Spencer

Chief executive officer

US$1.2m

Total compensation

CEO salary percentage	50.0%
CEO tenure	2.8yrs
CEO ownership	0.06%
Management average tenure	5.3yrs
Board average tenure	8.8yrs

Recent management updates

Recent updates

Growth Investors: Industry Analysts Just Upgraded Their DNO ASA (OB:DNO) Revenue Forecasts By 13%

May 16

Some Investors May Be Worried About DNO's (OB:DNO) Returns On Capital

Mar 30

Does DNO (OB:DNO) Deserve A Spot On Your Watchlist?

Mar 15

Estimating The Fair Value Of DNO ASA (OB:DNO)

Mar 02

DNO (OB:DNO) Could Easily Take On More Debt

Jan 31

DNO (OB:DNO) Could Be Struggling To Allocate Capital

Dec 21

With EPS Growth And More, DNO (OB:DNO) Makes An Interesting Case

Nov 21

DNO ASA (OB:DNO) Shares Could Be 50% Below Their Intrinsic Value Estimate

Nov 03

Analysts Just Published A Bright New Outlook For DNO ASA's (OB:DNO)

Sep 22

Need To Know: Analysts Are Much More Bullish On DNO ASA (OB:DNO) Revenues

Aug 11

Is DNO (OB:DNO) A Risky Investment?

Aug 06

These Analysts Just Made An Incredible Downgrade To Their DNO ASA (OB:DNO) EPS Forecasts

Jun 22

DNO (OB:DNO) Might Have The Makings Of A Multi-Bagger

May 05

CEO Compensation Analysis

How has Chris Spencer's remuneration changed compared to DNO's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$1m	US$583k	US$19m
Sep 30 2023	n/a	n/a	US$57m
Jun 30 2023	n/a	n/a	US$241m
Mar 31 2023	n/a	n/a	US$332m
Dec 31 2022	US$902k	US$579k	US$385m
Sep 30 2022	n/a	n/a	US$407m
Jun 30 2022	n/a	n/a	US$309m
Mar 31 2022	n/a	n/a	US$293m
Dec 31 2021	US$746k	US$577k	US$204m
Sep 30 2021	n/a	n/a	US$79m
Jun 30 2021	n/a	n/a	-US$75m
Mar 31 2021	n/a	n/a	-US$195m
Dec 31 2020	US$696k	US$476k	-US$286m
Sep 30 2020	n/a	n/a	-US$175m
Jun 30 2020	n/a	n/a	-US$149m
Mar 31 2020	n/a	n/a	-US$17m
Dec 31 2019	US$610k	US$469k	US$74m
Sep 30 2019	n/a	n/a	US$253m
Jun 30 2019	n/a	n/a	US$413m
Mar 31 2019	n/a	n/a	US$387m
Dec 31 2018	US$581k	US$441k	US$354m
Sep 30 2018	n/a	n/a	US$155m
Jun 30 2018	n/a	n/a	US$554m
Mar 31 2018	n/a	n/a	US$499m
Dec 31 2017	US$404k	US$255k	US$495m

Compensation vs Market: Chris's total compensation ($USD1.17M) is above average for companies of similar size in the Norwegian market ($USD765.09K).

Compensation vs Earnings: Chris's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Chris Spencer

2.8yrs

Tenure

US$1,166,400

Compensation

Mr. Christopher Spencer, also known as Chris, serves as Chief Operating Officer at DNO ASA since July 12, 2021 and serves as its Managing Director since September 07, 2023. He served as Deputy Managing Dir...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bijan Mossavar-Rahmani	Executive Chairman	13.1yrs	US$1.33m	12.92% $ 1.4b
Christopher Spencer	MD & COO	2.8yrs	US$1.17m	0.057% $ 6.1m
Haakon Sandborg	Chief Financial Officer	23.3yrs	US$827.70k	0.025% $ 2.7m
Sameh Hanna	General Manager of Kurdistan Region of Iraq	1.7yrs	US$706.60k	no data
Gudmund Hartveit	Manager of Corporate Development & IR	no data	no data	no data
Jostein Løvås	Communication Manager	no data	no data	no data
Geir Skau	Chief Human Resources & Corporate Services Officer	5.3yrs	US$571.10k	0.033% $ 3.5m
Kenneth Myhrvold	Chief Petroleum Engineer & Petroleum Technology Department Manager	no data	no data	no data
Tonje Gormley	General Counsel of Middle East	5.3yrs	US$563.90k	no data
Linn Hoel	Chief Commercial Officer	no data	no data	no data
Erlend Einum	Chief Business Development Officer	no data	no data	no data

5.3yrs

Average Tenure

Experienced Management: DNO's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bijan Mossavar-Rahmani	Executive Chairman	13.1yrs	US$1.33m	12.92% $ 1.4b
Gunnar Hirsti	Independent Deputy Chairman of the Board	16.4yrs	US$72.10k	0.038% $ 4.1m
Elin Karfjell	Independent Director	8.8yrs	US$74.80k	0.0050% $ 538.5k
Anita Marie Aarnaes	Director	1.8yrs	US$74.80k	0.0016% $ 176.6k
Najmedin Meshkati	Director	less than a year	no data	0.0020% $ 212.0k

8.8yrs

Average Tenure

70yo

Average Age

Experienced Board: DNO's board of directors are considered experienced (8.8 years average tenure).

DNO Management

Management criteria checks 2/4

Key information

Recent management updates

Less than half of directors are independent

DNO ASA Announces Managing Director Changes

Insider recently bought kr148k worth of stock

Less than half of directors are independent

DNO ASA Approves Executive Changes

Insider recently bought kr125k worth of stock

Recent updates

DNO ASA Announces Kurdistan Operations Recover Rapidly from Torrential Flooding

DNO ASA Announces Completion of an Appraisal Well and Sidetrack

Full year 2023 earnings: EPS and revenues exceed analyst expectations

It's A Story Of Risk Vs Reward With DNO ASA (OB:DNO)

Consensus EPS estimates increase from loss to US$0.01 profit, revenue downgraded

Consensus revenue estimates fall by 22%

Price target decreased by 7.3% to kr14.38

DNO ASA (OB:DNO) Analysts Are More Bearish Than They Used To Be

Full year 2023 earnings: EPS and revenues exceed analyst expectations

DNO ASA Approves Dividend, Payable on or About 26 February 2024

DNO (OB:DNO) Takes On Some Risk With Its Use Of Debt

Consensus EPS estimates fall by 37%

Less than half of directors are independent

DNO ASA to Report Q3, 2024 Results on Nov 07, 2024

DNO ASA Announces Successful Completion of the Second Appraisal Well on the Bergknapp/re Discovery in License PL836S in the Norwegian Sea

DNO Announces Successful Ofelia Appraisal and New Kyrre Discovery

DNO ASA Approves Dividend, Payable on or About 24 November 2023

DNO ASA Reopens Production At Tawke PSC

DNO Makes Play-Opening Discovery at Norma

DNO ASA Announces Managing Director Changes

DNO ASA Announces Update on Tawke PSC

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

DNO ASA Approves Dividend Payment, o Be Made on or About 1 September 2023

Here's Why DNO (OB:DNO) Has Caught The Eye Of Investors

DNO ASA Announces Gas and Condensate Discovery on the Carmen Prospect in the Norwegian North Sea License PL1148

Some Investors May Be Worried About DNO's (OB:DNO) Returns On Capital

DNO ASA Announces Gas and Condensate Discovery on the Carmen Prospect in the Norwegian North Sea License PL1148

Price target decreased by 9.3% to kr16.67

An Intrinsic Calculation For DNO ASA (OB:DNO) Suggests It's 47% Undervalued

DNO (OB:DNO) Seems To Use Debt Quite Sensibly

Insider recently bought kr148k worth of stock

Less than half of directors are independent

DNO ASA Approves Executive Changes

Consensus EPS estimates increase by 101%, revenue downgraded

Consensus revenue estimates increase by 13%

Upcoming dividend of kr0.25 per share at 9.7% yield

Growth Investors: Industry Analysts Just Upgraded Their DNO ASA (OB:DNO) Revenue Forecasts By 13%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

DNO ASA Approves Cash Dividend, Payable on or about June 2, 2023

Price target increased by 12% to kr19.63

Investor sentiment improves as stock rises 21%

Some Investors May Be Worried About DNO's (OB:DNO) Returns On Capital

Full year 2022 earnings released: EPS: US$0.39 (vs US$0.21 in FY 2021)

Now 26% undervalued after recent price drop

Does DNO (OB:DNO) Deserve A Spot On Your Watchlist?

Estimating The Fair Value Of DNO ASA (OB:DNO)

Full year 2022 earnings released: EPS: US$0.39 (vs US$0.21 in FY 2021)

DNO ASA Confirms Oil and Gas Discovery on the Røver Sør Prospect in the Norwegian North Sea License PL923

DNO (OB:DNO) Could Easily Take On More Debt

Consensus EPS estimates fall by 13%

DNO (OB:DNO) Could Be Struggling To Allocate Capital

DNO ASA (OB:DNO) commences an Equity Buyback, under the authorization approved on May 25, 2022.

Insider recently bought kr125k worth of stock

With EPS Growth And More, DNO (OB:DNO) Makes An Interesting Case

Less than half of directors are independent

DNO ASA to Report First Half, 2023 Results on Aug 17, 2023

Insider recently bought kr485k worth of stock

Consensus EPS estimates fall by 28%

DNO ASA Approves Dividend, Payable on or About 16 November 2022

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

DNO ASA Approves Dividend, Payable on or About 16 November 2022

DNO ASA (OB:DNO) Shares Could Be 50% Below Their Intrinsic Value Estimate

DNO ASA (OB:DNO) completed the acquisition of Mondoil Enterprises LLC from RAK Petroleum plc (OB:RAKP).

Analysts Just Published A Bright New Outlook For DNO ASA's (OB:DNO)

Price target increased to kr19.63

Consensus forecasts updated

DNO ASA Confirmes an Oil Discovery on the Ofelia Prospect

DNO ASA (OB:DNO) entered into a transaction agreement to acquire Mondoil Enterprises LLC from RAK Petroleum plc (OB:RAKP) for approximately $120 million.

Second quarter 2022 earnings: EPS and revenues miss analyst expectations