REG - United Oil & Gas PLC - Board Change

United Oil & GasAnnouncement

22/08/2023 07:30

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RNS Number : 0561K  United Oil & Gas PLC  22 August 2023

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

 

22 August 2023

United Oil & Gas plc

("United" or "the Company")

 

Board Change

 

United Oil & Gas Plc (AIM: "UOG"), announced that Jonathan Leather has
notified the Board of his intention to step down as Chief Operating Officer
('COO') and Executive Director as of 31 August. Whist Jonathan will step back
from day-to-day operational activity, given the status of the Jamaica farmout
process he will continue to provide support to the Company on a consultancy
basis.

 

The Company has commenced a search process to identify a new COO and with
effect from September, Jonathan's non-Jamaican related responsibilities will
be distributed amongst members of the management team in Dublin and Egypt.

 

 

Brian Larkin, Chief Executive Officer commented:

 

"Jonathan has been a valued colleague at United since the formation of the
company in 2015. I would like to take this opportunity to thank him, on behalf
of the Board and colleagues across United, for his commitment and contribution
during his time here and the central role he has played in United's
development to a full cycle oil and gas company. He remains central to our
strategy on Jamaica and we are delighted that he will continue to support the
Company on a consultancy basis through to the completion of this farmout
process. He steps back from his Executive role with United with our best
wishes for his future."

 

Jonathan Leather, Chief Operations Officer commented:

 

"It has been an incredible eight years with United, and it is very much with
mixed emotions that I have made the decision to step down from the Executive
team. Having been part of the journey that saw the company grow from an idea
and a sketched-out plan to the full-cycle company it is today, is without
doubt one of the most fulfilling things I have been part of professionally. I
am very pleased to continue to be involved with United in an advisory
capacity, and will remain a significant shareholder, continuing to support
this capable team as they grow the Company. Although I will continue to be
involved in the company, I would like to take this opportunity to thank Brian
and all of my colleagues at United for all the support they have given me over
the last eight years."

 

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 (mailto:brian.larkin@uogplc.com)
 Peter Dunne, CFO                                        Peter.dunne@uogplc.com (mailto:Peter.dunne@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 (http://www.uogplc.com)

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