Birchcliff Energy Ltd T.BIR

CHAIR Of BIR GETS HUGE PAYDAY In EXERCISING 200,000 Options

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from SEDI:

Filed 2024-11-22 18:14   Tx date 2024-11-22	$BIR Birchcliff Energy Ltd.	Tonken, Aaron Jeffery 4 - Director of Issuer Direct Ownership	Common Shares 10 - Acquisition or disposition in the public market	$-1,106,000 -200,000 vol $5.53 each	180,340
Filed 2024-11-22 18:00   Tx date 2024-11-22	$BIR Birchcliff Energy Ltd.	Tonken, Aaron Jeffery 4 - Director of Issuer Direct Ownership	Common Shares 51 - Exercise of options	$463,999 +200,000 vol $2.32 each	380,340
Filed 2024-11-22 17:46   Tx date 2024-11-22	$BIR Birchcliff Energy Ltd.	Tonken, Aaron Jeffery 4 - Director of Issuer Direct Ownership	Options 51 - Exercise of options	$-464,000 -200,000 vol $2.32 each	600,000

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- MADE a COOL $ 642,001 in CAPITAL GAINS

Jeff Tonken

Alberta, Canada - Chairman of the Board

Mr. Tonken is one of the founders of Birchcliff and is the Chairman of the Board, a position he has held since May 2017, and is also a member of the Corporation’s Environment, Health, Safety and Sustainability Committee.

Mr. Tonken has over 40 years of experience in the oil and natural gas industry, including in the areas of executive leadership, finance, corporate governance, acquisitions and divestitures, business development, marketing and legal. Mr. Tonken served as the President and Chief Executive Officer of Birchcliff and its predecessor entities from July 2004 to December 2021 and as the Chief Executive Officer from January 2022 to December 2023. Prior to Birchcliff, Mr. Tonken founded and served as the President and Chief Executive Officer of Case Resources Inc., Big Bear Exploration Ltd. and Stampeder Exploration Ltd. Prior thereto, he was a partner with the law firm Howard, Mackie (now Borden Ladner Gervais LLP). Mr. Tonken is a member of the board of directors and Chairman of the Steering Committee of Rockies LNG GP Corp. and is Rockies’ representative on the Steering Committee of Ksi Lisims LNG. He was previously a member of the board of directors of the Canadian Association of Petroleum Producers and was the Chair in 2019.

Mr. Tonken holds a Bachelor of Commerce degree from the University of Alberta and a Bachelor of Laws degree from the University of Wales. He is a member of the Law Society of Alberta.
 

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[PlutusofCrete]

If this dividend was so sustainable - Jeff should have held those shares and not sold them. I have bone to pick with him because he continuously came on TV touting the dividend sustainability and cutting CAPEX etc. 

[PlutusofCrete]

Furthermore, if the company was a takeover target - he would have held these 200,000 share knowing that there was an even bigger payday on the horizon. Poor governance. 

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- you make me LAUGH ! - USE IT or LOSE IT DECLARATION OF Q4 2024 QUARTERLY DIVIDEND The Board has declared a quarterly cash dividend of $0.10 per common share for the quarter ending December 31, 2024. The dividend will be payable on December 31, 2024 to shareholders of record at the close of business on December 13, 2024. The dividend has been designated as an eligible dividend for