UK Oil & Gas
PLC
("UKOG" or the
"Company")
Board
Appointment
UK Oil & Gas PLC (London AIM: UKOG) is
pleased to announce that Kris Bone has been appointed to the
Company's board as an Executive Director and Chief Technical
Officer with immediate effect.
Kris is a petroleum engineer and chartered
chemical engineer with 25 years of experience in the petroleum,
underground gas storage and energy development sectors. He joined
the Company in 2019 and brings technical knowledge, leadership and
management experience across planning and development, surface and
subsurface engineering, drilling and production operations, project
management, HSE and regulatory compliance. Kris has worked on
salt cavern wells, conventional geological gas storage projects and
as an independent UK well/borehole examiner. He will lead the
technical, engineering, and development side of the Company's
hydrogen storage projects.
The following information is disclosed pursuant
to paragraph (g) Schedule two of the AIM Rules for
Companies.
Kristopher Ronnie Bone (aged 48) directorships
and partnerships in the last five years are as follows:
Current:
UK Energy Storage Ltd
B Capital Holdings Limited
KB Consulting & Services Limited
Kiran Morzaria, Non-Executive Director, has now
stepped down from the board to focus wholly on his role as CEO of
Cadence Minerals and its related mining investments. Kiran has been
a highly valued member of UKOG's Board since October
2015.
Allen Howard, Executive Director, will now also
revert to his original Non-Executive Director role with immediate
effect.
Chief
Executive Stephen Sanderson commented:
"We are delighted to welcome Kris Bone to the
board. His wide energy sector, drilling and gas storage experience
will prove invaluable in developing and delivering the Company's
hydrogen storage projects. On behalf of the board and the Company,
I would also like to thank Kiran for his valuable contribution and
commitment to UKOG over the past nine years. We wish him continued
good fortune at Cadence."
For
further information, please contact:
UK
Oil & Gas plc
Stephen Sanderson / Kris Bone
Tel:
01483 941493
Zeus Capital Limited (Nominated Adviser and
Broker)
James Joyce / James Bavister /
Andrew de
Andrade
Tel: 0203 829 5000
CMC
Markets (Joint Broker)
Douglas
Crippen Tel:
0203 003 8632
Communications
Brian Alexander
Tel: 01483 941493
The
information contained within this announcement is deemed by the
Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014, as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018. Upon
publication of this announcement, this information is now
considered to be in the public domain.
