Last checked at 26 Apr 2022 07:01
United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas
26 April 2022
United Oil and Gas Plc
("United" "the Group" or the "Company")
Board Change
United Oil & Gas PLC announces that David Quirke has notified the Board of his intention to step down as Chief Financial Officer ('CFO') and Executive Director of the Company at a date to be agreed in due course.
A search process to find a new CFO has been launched and is well advanced. David will remain CFO and Executive Director of United until the search process has concluded to ensure an orderly transition.
Brian Larkin, Chief Executive Officer commented:
"David has been CFO, during some of our exciting and challenging years and I thank him for his insight, guidance and commitment. David has been instrumental in our asset acquisitions, divestments and capital markets transactions. I have worked closely with David over the last three years, he has made an outstanding contribution to United and I am sorry to see David leave. On behalf of the Board I would like to thank him for all his hard work and commitment and I wish him all the very best and success in his future endeavours."
David Quirke, Chief Financial Officer commented:
"I have thoroughly enjoyed my time at United but have decided that the time is right to pursue new challenges. United's balance sheet has been significantly strengthened recently via debt refinancing and the completion of divestments, providing a platform for growth. I look forward to watching the next chapter in United's growth story and wish Brian and the dedicated team all the best."
**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) 20 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