REG - UK Oil & Gas PLC - Board Appointment

UK Oil & GasAnnouncement

17/09/2024 07:00

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RNS Number : 4144E  UK Oil & Gas PLC  17 September 2024

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.

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