MAY 6.67% 3.2¢ melbana energy limited

Ann: Executive Chairman - Key Terms of Employment, page-3

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  1. 747 Posts.
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    Wow! and MAY is still only a penny dreadful at this point in time. So if the incentives are all met then the annual salary is $ 690,000. for this Executive Chairman role. Is this on top of the CEO salary and incentives? Or, does another of MAY's key players take on that role. Either way, it seems we are going to be responsible for a huge wage bill going forward and we haven't even discovered any oil yet. Once, and if, commercial quantities of oil are found and our partners move to production, the revenues, from which, could support this type of remuneration. At this stage, it is far too early for my liking. What do others think?


 
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