Painted Pony Pete Ltd PDPYF

Energy

"Painted Pony Energy Ltd Petroleum explores, develops, and produces petroleum and natural gas. The company focuses on the development of natural gas and natural gas liquids. The company's operations take place near the Montney formation in Northeast British Columbia. The Montney location is a sweet natural gas-saturated zone (natural gas that does not contain hydrogen sulfide or significant quantities of carbon dioxide) with no associated or underlying water. The company also has multiple gas pr

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Painted Pony Pete Ltd > Management gets a $5.3 million signing bonus

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Comment by roscoe74on Sep 10, 2020 3:27pm

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Post# 31534722

RE:RE:Management gets a $5.3 million signing bonus

Complainers can byatch about management remuneration all they like but these payouts are a part of executive compensation and form part of their employment contracts.

The fact that their 'management' failures ( a strategic alliance that was very poorly executed, abuyout of UGR when they should have protected the balance sheet and buying too much 'take or pay' capacity) contributed to the necessity to give the company away has no bearing on these contracts.

In the money vested options and awards form a part of executive pay and one can blame the BoD for that.

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