United Oil & Gas PLC Board Change (2836J)
April 26 2022 - 10:06AM
UK Regulatory
TIDMUOG
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
Sharan Dhami, Head of IR & ESG 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 +44 (0) 20 3757 4983 | uog@camarco.co.uk
Gough-Allen
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
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END
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