LONDON (Alliance News) - UK Oil and Gas Investments PLC Friday said it has appointed Kiran Morzaria as its new finance director to replace Donald Strang who is retiring to focus on other business interests.
Morzaria is currently a director of Academy Minerals Ltd, API Technology (UK) Ltd, Panguma Diamond Ltd and is the chief executive of fellow London-listed stock Rare Earth Minerals Ltd.
Rare Earth Minerals is chaired by David Lenigas, who is the former chairman of UK Oil & Gas Investments, having left the role in July this year to be replaced by Stephen Sanderson.
In addition, Strang, who Morzaria is replacing at UK Oil & Gas Investments, is the finance director at Rare Earth Minerals.
Morzaria was also previously a director of Horse Hill Developments Ltd, the company by which numerous London-listed stocks hold their interests in the Horse Hill project near Gatwick Airport, including UK Oil and Gas. He has also been a director of Solo Oil (Argentina) Ltd, a subsidiary of Solo Oil PLC, where the outgoing Strang holds the role of finance director.
He was previously a director of Tubutama Borax PLC and Tubutama Ltd, both of which underwent a members' voluntary winding up in July 2010 and were dissolved in April 2012. He was also a director of Arlington Resource PLC which was also dissolved in 2007 following a voluntary member's liquidation.
UK Oil and Gas shares were down 2.1% to 1.15 pence per share on Friday morning.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
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Uk Oil & Gas (UKOG)