Appointment of Chief Financial Officer

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		[e-mail]
Sharan Dhami, Head of IR & ESG		[e-mail]
Beaumont Cornish Limited (Nominated Adviser)
Roland Cornish | Felicity Geidt		[phone]
Tennyson Securities (Joint Broker)
Peter Krens		[phone]
Optiva Securities Limited (Joint Broker)
Christian Dennis		[phone]
Camarco (Financial PR)
Billy Clegg  |  James Crothers  | Tessa Gough-Allen		[phone]  | [e-mail]

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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