Last checked at 14 Nov 2023 07:00
United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas
14 November 2023
United Oil & Gas plc
("United" or "the Company")
Board Change
United Oil & Gas Plc (AIM: "UOG"), announces that Peter Dunne has notified the Board of his intention to step down as an Executive Director and Chief Financial Officer of United and to take up the role of Chief Financial Officer with daa plc. It is currently anticipated that Peter will leave United during the first quarter of 2024 at a date to be confirmed.
The company will commence a search process to identify a new CFO with immediate effect and an Interim CFO will be appointed. An announcement on this will be made in due course.
Over the coming months Peter will remain available to support a smooth transition and the continued execution of the Company's strategy.
Brian Larkin, Chief Executive Officer commented:
"Peter has made an outstanding contribution to United since he joined the company. Whilst we are sorry to see Peter leave, we wish him all the best and success in his new role as CFO with daa plc. On behalf of the Board and Peter's colleagues, I would like to thank Peter for his hard work and commitment, and he leaves with our best wishes."
Peter Dunne, Chief Financial Officer commented:
"I have thoroughly enjoyed my time at United working alongside such a strong team that is dedicated to executing United's strategy and delivering value to shareholders. I would like to take this opportunity to wish Brian and the whole team continued success and I look forward to seeing continued progress being made in Jamaica and Egypt."
END
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 | |
Beaumont Cornish Limited (Nominated Adviser) | ||
Roland Cornish | Felicity Geidt | Asia Szusciak | +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) | ||
Andrew Turner | Emily Hall | Sam Morris | +44 (0) 20 3757 4983 |
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