REG - United Oil & Gas PLC - Board Change

United Oil & GasAnnouncement

14/11/2023 07:15

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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 (mailto: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 (http://www.uogplc.com)

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