REG - United Oil & Gas PLC - Board Change

United Oil & GasAnnouncement

26/04/2022 07:16

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RNS Number : 2836J  United Oil & Gas PLC  26 April 2022

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

26 April 2022

United Oil and Gas Plc

("United" "the Group" or the "Company")

 

 Board Change

 

United Oil & Gas PLC announces that David Quirke has notified the Board
of his intention to step down as  Chief Financial Officer ('CFO') and
Executive Director of the Company at a date to be agreed in due course.

 

A search process to find a new CFO has been launched and is well advanced.
David will remain CFO and Executive Director of United until the search
process has concluded to ensure an orderly transition.

 

Brian Larkin, Chief Executive Officer commented:

"David has been CFO, during some of our exciting and challenging years and I
thank him for his insight, guidance and commitment. David has been
instrumental in our asset acquisitions, divestments and capital markets
transactions. I have worked closely with David over the last three years, he
has made an outstanding contribution to United and I am sorry to see David
leave.  On behalf of the Board I would like to thank him for all his hard
work and commitment and I wish him all the very best and success in his future
endeavours."

 David Quirke, Chief Financial Officer commented:

"I have thoroughly enjoyed my time at United but have decided that the time is
right to pursue new challenges. United's balance sheet has been significantly
strengthened recently via debt refinancing and the completion of divestments,
providing a platform for growth. I look forward to watching the next chapter
in United's growth story and wish Brian and the dedicated team all the best."

**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) 20 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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