United Oil & Gas PLC Appointment of Chief Financial Officer (3762K)

TIDMUOG

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 
Sharan Dhami, Head of IR          sharan.dhami@uogplc.com 
 & ESG 
 
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      +44 (0) 20 3757 4983 | 
 | Tessa Gough-Allen               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

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END

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