ShaMaran Petroleum Management

Management criteria checks 2/4

ShaMaran Petroleum's CEO is Garrett Soden, appointed in May 2023, has a tenure of 1.5 years. total yearly compensation is $719.96K, comprised of 50.4% salary and 49.6% bonuses, including company stock and options. directly owns 0.071% of the company’s shares, worth SEK1.49M. The average tenure of the management team and the board of directors is 2.1 years and 5.8 years respectively.

Key information

Garrett Soden

Chief executive officer

US$720.0k

Total compensation

CEO salary percentage	50.4%
CEO tenure	1.5yrs
CEO ownership	0.07%
Management average tenure	2.1yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Garrett Soden's remuneration changed compared to ShaMaran Petroleum's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$73m
Jun 30 2024	n/a	n/a	-US$10m
Mar 31 2024	n/a	n/a	-US$37m
Dec 31 2023	US$720k	US$363k	-US$27m

Compensation vs Market: Garrett's total compensation ($USD719.96K) is above average for companies of similar size in the Swedish market ($USD455.00K).

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

CEO

Garrett Soden (50 yo)

1.5yrs

Tenure

US$719,957

Compensation

Mr. Garrett Soden serves as Director at ShaMaran Petroleum Corp since May 15, 2023. He serves as President & Chief Executive Officer of ShaMaran Petroleum Corp. since May 15, 2023. He serves as Independent...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Garrett Soden	President	1.5yrs	US$719.96k	0.071% SEK 1.5m
Elvis Pellumbi	Chief Financial Officer	2.1yrs	US$790.23k	no data
Alex Lengyel	Chief Commercial Officer & Corporate Secretary	4.3yrs	US$566.05k	0% SEK 0
Sophia Shane	Head of Investor Relations	no data	no data	no data

2.1yrs

Average Tenure

Experienced Management: SNM's management team is considered experienced (2.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Garrett Soden	President	1.5yrs	US$719.96k	0.071% SEK 1.5m
Michael Ebsary	Independent Director	5.8yrs	US$58.22k	0.025% SEK 518.4k
Keith Hill	Independent Director	17.8yrs	US$50.00k	0.047% SEK 997.9k
Chris Bruijnzeels	Chairman of the Board of Directors	9.8yrs	US$58.22k	0.091% SEK 1.9m
William A. Lundin	Independent Director	5.4yrs	US$42.80k	0.10% SEK 2.2m

5.8yrs

Average Tenure

62yo

Average Age

Experienced Board: SNM's board of directors are considered experienced (5.8 years average tenure).

ShaMaran Petroleum Management

Management criteria checks 2/4

Key information

Recent management updates

Insider recently sold kr96k worth of stock

President & CEO recently bought kr990k worth of stock

ShaMaran Petroleum Corp. Announces Management Changes

ShaMaran Petroleum Corp., Annual General Meeting, Jun 22, 2023

ShaMaran Petroleum Corp. Appoints Elvis Pellumbi as the New Chief Financial Officer, Effective October 1, 2022

ShaMaran Petroleum Corp. Approves the Appointment of Nick Walker as Director

Recent updates

New major risk - Financial position

Second quarter 2024 earnings released

First quarter 2024 earnings released

Insider recently sold kr96k worth of stock

ShaMaran Petroleum Corp. to Report Q3, 2024 Results on Nov 07, 2024

ShaMaran Petroleum Corp. to Report Fiscal Year 2023 Results on Mar 06, 2024

Third quarter 2023 earnings released: US$0.002 loss per share (vs US$0.024 profit in 3Q 2022)

New minor risk - Share price stability

ShaMaran Petroleum Corp. Announces a Partial or Complete Shutdown of Many Fields Located in the Kurdistan Region of Iraq

President & CEO recently bought kr990k worth of stock

ShaMaran Petroleum Corp. Announces Management Changes

First quarter 2023 earnings released: EPS: US$0.003 (vs US$0.007 in 1Q 2022)

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Shamaran Petroleum Corp. Provides Production Guidance for the Full Year 2023

ShaMaran Petroleum Corp., Annual General Meeting, Jun 22, 2023

ShaMaran Petroleum Corp. to Report Q2, 2023 Results on Aug 09, 2023

ShaMaran Petroleum Corp. Provides Production Guidance for the Fourth Quarter of 2022

Third quarter 2022 earnings released: EPS: US$0.03 (vs US$0 in 3Q 2021)

ShaMaran Petroleum Corp. Appoints Elvis Pellumbi as the New Chief Financial Officer, Effective October 1, 2022

ShaMaran Petroleum Corp. (TSXV:SNM) completed the acquisition of TEPKRI Sarsang A/S from TotalEnergies SE (ENXTPA:TTE).

Second quarter 2022 earnings released: EPS: US$0.01 (vs US$0.003 in 2Q 2021)

ShaMaran Petroleum Corp. Provides Atrush Operations Update

ShaMaran Petroleum Corp. Approves the Appointment of Nick Walker as Director

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

ShaMaran Petroleum Corp. Provides Production Guidance for Full Year 2022

ShaMaran Petroleum Corp., Annual General Meeting, Jun 23, 2022

Third quarter 2021 earnings released

Second quarter 2021 earnings released: EPS US$0.003 (vs US$0.006 loss in 2Q 2020)

ShaMaran Petroleum Corp. Provides Production Guidance for the Second Quarter of 2021

ShaMaran Petroleum Corp. Announces Atrush block, Kurdistan Region of Iraq Production Results

First quarter 2021 earnings released: EPS US$0.001 (vs US$0.058 loss in 1Q 2020)

New 90-day high: kr0.35

Full year 2020 earnings released: US$0.07 loss per share (vs US$0.006 loss in FY 2019)

Revenue and earnings miss expectations

Mr. Brenden Johnstone to Leave ShaMaran Petroleum Corp. as Chief Financial Officer

New 90-day high: kr0.30

Third quarter 2020 earnings released: US$0.002 loss per share

Revenue and earnings beat expectations

ShaMaran Petroleum Corp. to Report Q4, 2020 Results on Mar 03, 2021

Shamaran Petroleum Corp Elects William A.W. Lundin as Director

New 90-day high: kr0.25

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age