Last checked at 5 May 2022 07:00
United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas
5 May 2022
United Oil and Gas Plc
("United" or the "Company")
Appointment of Chief Financial Officer
United Oil & Gas plc the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to announce the appointment of Peter Dunne, as Chief Financial Officer ('CFO'), effective from today. Peter will be appointed a Director of the Company and as Company Secretary at the conclusion of the Company's forthcoming Annual General Meeting on 1 June 2022. David Quirke will step down as Director of the Company and Company Secretary on the same day and remain at United to facilitate an efficient transition.
Peter joins from Boru Energy Limited, the West African focussed private oil and gas company where he was CFO and brings over 20 years' experience of working in senior finance leadership roles including over 14 years in the upstream Oil and Gas sector. Prior to Boru, Peter was Group Finance Director at Origin Enterprises plc and before that spent seven years with Petroceltic International plc, latterly as Corporate Finance Director. During his time in Petroceltic, the Company merged with Melrose Resources plc, with the enlarged group carrying out operations across North Africa, the Mediterranean Basin and Black Sea, with operated production in excess of 25,000 boepd.
Peter is a graduate of University College Dublin and the Smurfit Business School and a Fellow of the Institute of Chartered Accountants in Ireland having trained with KPMG in Dublin.
Brian Larkin, CEO commented:
"I'm delighted that Peter is joining United. Peter brings a wealth of experience and expertise that will help the Company deliver on our strategy of growth. Peter's strategic, financial, capital markets and treasury expertise will be invaluable to the Company, adding to its strength and depth as we continue to grow the business."
Peter Dunne commented:
"I am very excited to be joining United at this time as the potential for value creation is significant given the strengthened balance sheet and the near-term growth opportunities that exist. I look forward very much to partnering with Brian, Jonathan and the team and to contributing to the Company's ambitious growth plans."
AIM Disclosures
Peter Michael Dunne, age 48, has held the following directorships and/or partnerships in the past 5 years:
Current: | Past: |
None | Agrii Holdings (UK) Ltd |
Alexander's Partners Limited | |
CleanCrop UK Limited | |
Halls Silos Limited | |
Masstock Arable (UK) Limited | |
Masstock Group Holdings Limited | |
Origin Enterprises UK Limited | |
Origin Fertilisers 2011 Limited | |
Origin UK Operations Limited | |
Origin Holdings (UK) Limited | |
Origin Northern Ireland Limited | |
Oval (1173) Limited | |
R&H Hall Trading Limited | |
Rigby Taylor Limited (now known as Origin Amenity Solutions Limited) | |
United Agri Products Limited | |
Wilmot Pertwee Limited | |
Resterra Limited | |
Agspace Agriculture Limited (now known as Origin Enterprises Digital Limited) | |
Courtyard Agriculture Limited | |
Goulding Chemicals Limited (now known as Goulding Soil Nutrition Limited) | |
Origin Agri Services Limited | |
Origin Agronomy Limited | |
Origin Crop Technologies Limited | |
Origin LTIP Trustee Limited | |
Origin Retail Limited | |
Origin Secretarial Limited | |
Origin Treasury Limited | |
Orston Limited | |
Torrox JVCO Limited | |
Torrox Limited | |
Agrii Applications Limited | |
Origin Riverwalk Property Trading Limited (formerly Rulemint Limited) | |
Origin Agronomy Holdings Limited | |
Agrii Polska Sp. Z.o.o | |
Origin Agri Operations SRL | |
Pillaert Meststoffen NV | |
Island Invest & Consult | |
Mekoson Agro | |
Clarendon Silos Limited | |
Clarendon Feeds Limited | |
BHH Limited | |
John Thompson & Sons, Limited | |
R. & H. Hall Limited | |
West Twin Silos Limited Fortgreen Comercial Agrícola S.A |
Peter currently owns 47,990 ordinary shares in the Company representing 0.007% of the Company's issued ordinary share capital. He doesn't hold any options or warrants.
There is no further information on Peter Dunne required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
**ENDS**
This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).
Enquiries
| ||
United Oil & Gas Plc (Company) | ||
Brian Larkin, CEO | brian.larkin@uogplc.com | |
Sharan Dhami, Head of IR & ESG | sharan.dhami@uogplc.com | |
Beaumont Cornish Limited (Nominated Adviser) | ||
Roland Cornish | Felicity Geidt | +44 (0) 20 7628 3396 | |
Tennyson Securities (Joint Broker) | ||
Peter Krens | +44 (0) 020 7186 9030 | |
Optiva Securities Limited (Joint Broker) | ||
Christian Dennis | +44 (0) 20 3137 1902 | |
Camarco (Financial PR) | ||
Billy Clegg | James Crothers | Tessa Gough-Allen | +44 (0) 20 3757 4983 |uog@camarco.co.uk |
Notes to Editors
United Oil & Gas is a high growth oil and gas company with a portfolio of low-risk, cash generative production, development, appraisal and exploration assets across Egypt, UK and a high impact exploration licence in Jamaica.
The business is led by an experienced management team with a strong track record of growing full cycle businesses, partnered with established industry players and is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.
United Oil & Gas is listed on the AIM market of the London Stock Exchange. For further information on United Oil and Gas please visit www.uogplc.com