United Oil & Gas PLC Board Change (2964T)
November 14 2023 - 1:00AM
UK Regulatory
TIDMUOG
RNS Number : 2964T
United Oil & Gas PLC
14 November 2023
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
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END
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November 14, 2023 02:00 ET (07:00 GMT)
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