Pandji Putra
About Pandji Putra
Pandji Christiaan Poluan Putra, age 53, is an independent director of Zion Oil & Gas (ZNOG). He is a career geologist with over 24 years of exploration and development experience across Asia, Australia, New Zealand, and Africa, currently serving as a senior geologist with Husky Energy International Corporation in Jakarta since 2012. He holds a 1996 geology degree from Trisakti University and is a member of the Indonesian Petroleum Association (Professional Division), Indonesian Geologists Association, and AAPG. He was elected to Zion’s Board by shareholders on June 7, 2023, and serves as an independent director with 100% Board and committee attendance in 2024 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Caltex | Geologist (Exploration/Development) | Not disclosed | Petroleum systems evaluation; prospect evaluation (skills cited) |
| CNOOC | Geologist (Exploration/Development) | Not disclosed | Petroleum systems evaluation; risk analysis (skills cited) |
| Talisman | Geologist (Exploration/Development) | Not disclosed | Stratigraphy, petrophysics, basin analysis (skills cited) |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Husky Energy International Corporation (Jakarta) | Senior Geologist | Since 2012 | Exploration economics, risk analysis, prospect evaluation |
| Indonesian Petroleum Association — Professional Division | Member | Not disclosed | Professional affiliation |
| Indonesian Geologists Association | Member | Not disclosed | Professional affiliation |
| American Association of Petroleum Geologists (AAPG) | Member | Not disclosed | Professional affiliation |
Board Governance
- Board class/tenure: Class III director; term expires at the 2026 Annual Meeting; elected June 7, 2023 .
- Independence: The Board determined Mr. Putra is independent under NASDAQ/OTC rules; eight of 13 directors were independent as of Dec 31, 2024 .
- Committee memberships: Member, Technical, Reserves and Environmental, Health & Safety (EHS) Committee; not a chair. 2024 membership: Robert Dunn (Chair), Monty Kness, Jeffrey Moskowitz, Pandji P. C. Putra, and Dr. Lee Russell .
- Attendance: In 2024, the Board met 4 times; each director attended 100% of Board and committee meetings on which they served. All directors attended the 2024 annual meeting .
| Governance Metric | 2024 |
|---|---|
| Board meetings held | 4 |
| Director attendance | 100% for Board and committees |
| EHS Committee meetings | 1 (plus four joint sessions with full Board) |
Fixed Compensation
- Structure: Non-employee director fees were $1,500 per month ($18,000 annually). Committee chairpersons receive an additional $1,000 per month ($12,000 annually). Reimbursement for travel and related expenses is provided .
- Mr. Putra is not disclosed as a committee chair; thus no chair fee applies .
| Component (USD) | 2023 | 2024 |
|---|---|---|
| Board cash fees | $10,250 | $18,000 |
| Committee chair fees | $0 (not chair) | $0 (not chair) |
| Other cash/All other comp | $0 | $0 |
| Total cash | $10,250 | $18,000 |
Performance Compensation
- Equity grants: No 2024 equity awards disclosed for directors (including Mr. Putra) in the director compensation table . In 2023, many directors received option awards, but none are shown for Mr. Putra in the table (partial-year service) .
- Outstanding options: Beneficial ownership footnotes show Mr. Putra holds 400,000 stock options currently exercisable (award details not itemized in the proxy) .
- Performance metrics: No director performance metrics (e.g., TSR, operating KPIs) are disclosed for director compensation .
| Equity Detail | 2023 | 2024 |
|---|---|---|
| Option awards granted (grant-date fair value) | $0 (not shown) | $0 (not shown) |
| RSU/Stock awards | $0 | $0 |
| Performance metric disclosure | None disclosed | None disclosed |
Note: While no 2024 equity grant is disclosed for directors, Mr. Putra’s beneficial ownership includes 400,000 options that are currently exercisable; grant date, strike, and vesting terms are not detailed in the proxy .
Other Directorships & Interlocks
- Other public company directorships: None disclosed in the director biography or election sections for the past five years .
- Committee interlocks/conflicts: None disclosed .
Expertise & Qualifications
- Education: B.Sc. in Geology, Trisakti University (1996) .
- Technical competencies: Stratigraphy, petrophysics, basin analysis; exploration economics, risk analysis, prospect evaluation .
- Industry scope: Asia, Australia, New Zealand, Africa; 24+ years oil and gas new ventures/exploration/development .
- Professional affiliations: IPA (Professional Division), Indonesian Geologists Association, AAPG .
Equity Ownership
| Ownership Item | Amount |
|---|---|
| Common shares owned (direct) | 32,558 |
| Options exercisable (within 60 days of Record Date) | 400,000 |
| Total beneficial ownership | 432,558 |
| Reference outstanding shares (Record Date, per proxy) | Approximately 965,000,000 shares; Group total percent based on 1,031,000,000 outstanding noted in table footnote |
- Pledging/hedging: No pledging or hedging disclosures specific to Mr. Putra identified; the Audit Committee oversees related-party transactions and business practices .
- Section 16 compliance: Company states timely compliance for FY2024 filings by officers/directors .
Governance Assessment
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Strengths
- Independent director with 100% attendance in 2024; strong procedural engagement and compliance with independent status criteria .
- Relevant technical oversight via EHS/Reserves Committee membership; committee met during 2024 and interacted with the full Board in four meetings, supporting reserves integrity/EHS oversight .
- Beneficial ownership includes 400,000 currently exercisable options, providing at least some equity linkage to shareholder outcomes .
-
Watch items / potential investor considerations
- Director cash-only compensation in 2024 and no disclosed 2024 equity grant for directors may reduce immediate equity alignment versus years when option grants were used; however, outstanding options exist for Mr. Putra .
- No specific performance conditions tied to director compensation (e.g., TSR, ESG metrics) are disclosed, suggesting limited pay-for-performance linkage at the director level .
- No related-party transactions disclosed involving Mr. Putra; Audit Committee charter emphasizes ongoing review, but monitoring remains prudent given the company’s use of options and complex operating footprint .
-
Red flags
- None specifically disclosed for Mr. Putra regarding related-party transactions, attendance, pledging, or legal issues in the latest proxies .