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RELATED PARTIES
 12 Months Ended
Dec. 31, 2023
Disclosure of transactions between related parties [abstract]  
RELATED PARTIES

17. RELATED PARTIES

 

Key management personnel includes the Board of Directors and executive officers of the Company. Key management personnel compensation is comprised of the following:

 

   2023   2022 
   Year Ended December 31, 
   2023   2022 
         
Short-term employee benefits  $1,689   $781 
Share-based payments   670    257 
Key management personnel compensation  $2,359   $1,038 

 

The Company purchased $486 of oil and gas assets from a related party for the year ended December 31, 2023. All transactions with related parties were conducted on terms equivalent to arm’s length transactions and in accordance with the Company’s normal business practices including repayment terms.