REG - United Oil & Gas PLC - Appointment of Chief Financial Officer

United Oil & GasAnnouncement

05/05/2022 07:00

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RNS Number : 3762K  United Oil & Gas PLC  05 May 2022

United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

5 May 2022

United Oil and Gas Plc

("United" or the "Company")

 

Appointment of Chief Financial Officer

 

United Oil & Gas plc the growing oil and gas company with a portfolio of
production, development, exploration and appraisal assets is pleased to
announce the appointment of Peter Dunne, as Chief Financial Officer ('CFO'),
effective from today. Peter will be appointed a Director of the Company and as
Company Secretary at the conclusion of the Company's forthcoming Annual
General Meeting on 1 June 2022. David Quirke will step down as Director of the
Company and Company Secretary on the same day and remain at United to
facilitate an efficient transition.

 

Peter joins from Boru Energy Limited, the West African focussed private oil
and gas company where he was CFO and brings over 20 years' experience of
working in senior finance leadership roles including over 14 years in the
upstream Oil and Gas sector. Prior to Boru, Peter was Group Finance Director
at Origin Enterprises plc  and before that spent seven years with Petroceltic
International plc, latterly as Corporate Finance Director. During his time in
Petroceltic, the Company merged with Melrose Resources plc, with the enlarged
group carrying out operations across North Africa, the Mediterranean Basin and
Black Sea, with operated production in excess of 25,000 boepd.

Peter is a graduate of University College Dublin and the Smurfit Business
School and a Fellow of the Institute of Chartered Accountants in Ireland
having trained with KPMG in Dublin.

 

Brian Larkin, CEO commented:

"I'm delighted that Peter is joining United. Peter brings a wealth of
experience and expertise that will help the Company deliver on our strategy of
growth. Peter's strategic, financial, capital markets and treasury expertise
will be invaluable to the Company, adding to its strength and depth as we
continue to grow the business."

 

Peter Dunne commented:

"I am very excited to be joining United at this time as the potential for
value creation is significant given the strengthened balance sheet and the
near-term growth opportunities that exist. I look forward very much to
partnering with Brian, Jonathan and the team and to contributing to the
Company's ambitious growth plans."

 

 

AIM Disclosures

 

Peter Michael Dunne, age 48, has held the following directorships and/or
partnerships in the past 5 years:

 

 Current:  Past:
 None      Agrii Holdings (UK) Ltd
           Alexander's Partners Limited
           CleanCrop UK Limited
           Halls Silos Limited
           Masstock Arable (UK) Limited
           Masstock Group Holdings Limited
           Origin Enterprises UK Limited
           Origin Fertilisers 2011 Limited
           Origin UK Operations Limited
           Origin Holdings (UK) Limited
           Origin Northern Ireland Limited
           Oval (1173) Limited
           R&H Hall Trading Limited
           Rigby Taylor Limited (now known as Origin Amenity Solutions Limited)
           United Agri Products Limited
           Wilmot Pertwee Limited
           Resterra Limited
           Agspace Agriculture Limited (now known as Origin Enterprises Digital Limited)
           Courtyard Agriculture Limited
           Goulding Chemicals Limited (now known as Goulding Soil Nutrition Limited)
           Origin Agri Services Limited
           Origin Agronomy Limited
           Origin Crop Technologies Limited
           Origin LTIP Trustee Limited
           Origin Retail Limited
           Origin Secretarial Limited
           Origin Treasury Limited
           Orston Limited
           Torrox JVCO Limited
           Torrox Limited
           Agrii Applications Limited
           Origin Riverwalk Property Trading Limited

           (formerly Rulemint Limited)
           Origin Agronomy Holdings Limited
           Agrii Polska Sp. Z.o.o
           Origin Agri Operations SRL
           Pillaert Meststoffen NV
           Island Invest & Consult
           Mekoson Agro
           Clarendon Silos Limited
           Clarendon Feeds Limited
           BHH Limited
           John Thompson & Sons, Limited
           R. & H. Hall Limited
           West Twin Silos Limited

           Fortgreen Comercial Agrícola S.A

 

 

Peter  currently owns 47,990 ordinary shares in the Company representing
0.007% of the Company's issued ordinary share capital. He doesn't hold any
options or warrants.

 

There is no further information on Peter Dunne required to be disclosed under
Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

 

 

**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 (mailto:brian.larkin@uogplc.com)
 Sharan Dhami, Head of IR & ESG                            sharan.dhami@uogplc.com (mailto: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) 020 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 (mailto: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 (http://www.uogplc.com)

 

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