corp.gif (1KB)
Directory Management Board of Directors Management Remuneration Corporate Governance Insiders/Shareholders Share/Corporate History Equity Financings Notice to Industry

Show printable version of 'Management Remuneration' item in a New Window
Email 'Management Remuneration' item to a friend

mgmtrem.gif (1KB)

As at December 31, 2007, the end of the most recently completed fiscal year of the Corporation, the Corporation had two Named Executive Officers: Gary S. Guidry, who served as President and CEO and a director for the Corporation and Ian Gibbs, who served as Chief Financial Officer of the Corporation. There were an additional two Named Executive Officers who resigned during 2007: Mamdouh Nagati, former Executive Vice President and General Manager, Egypt and Gonzalo Ruiz, former General Manager, Syria. The following table sets forth information concerning the total compensation paid during each of the three most recently completed fiscal years of the Corporation, to the Named Executive Officers:

SUMMARY COMPENSATION TABLE

NOTES:

  1. Amounts paid during the seven month period June 1, 2005 to December 31, 2005; twelve month period January 1, 2006 to December 31, 2006; and twelve month period January 1, 2007 to December 31, 2007.

  2. Mr. Guidry was appointed as the President and Chief Executive Officer of the Corporation effective May 5, 2005.

  3. Mr. Gibbs was appointed Chief Financial Officer effective April 20, 2007.

  4. Represents the Corporation's portion of salary costs for Gary Guidry which were shared 50% with Pearl Exploration and Production Ltd. during 2006.

  5. As no SARs have been granted, all references are to incentive stock options.

  6. The amounts payable to Mr. Nagati and Mr. Ruiz under the terms of their Employment Contracts were payable in United States dollars.
 
Corporate | Investors | Operations | News | Contact | QwikReport | Home
© 2004 Tanganyika Oil Company Ltd. All Rights Reserved.

Adnet Communications Inc.