UK Oil & Gas PLC
("UKOG" or the "Company")
Board Appointment
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that Kris Bone has been appointed to the Company's board as an Executive Director and Chief Technical Officer with immediate effect.
Kris is a petroleum engineer and chartered chemical engineer with 25 years of experience in the petroleum, underground gas storage and energy development sectors. He joined the Company in 2019 and brings technical knowledge, leadership and management experience across planning and development, surface and subsurface engineering, drilling and production operations, project management, HSE and regulatory compliance. Kris has worked on salt cavern wells, conventional geological gas storage projects and as an independent UK well/borehole examiner. He will lead the technical, engineering, and development side of the Company's hydrogen storage projects.
The following information is disclosed pursuant to paragraph (g) Schedule two of the AIM Rules for Companies.
Kristopher Ronnie Bone (aged 48) directorships and partnerships in the last five years are as follows:
Current:
UK Energy Storage Ltd
B Capital Holdings Limited
KB Consulting & Services Limited
Kiran Morzaria, Non-Executive Director, has now stepped down from the board to focus wholly on his role as CEO of Cadence Minerals and its related mining investments. Kiran has been a highly valued member of UKOG's Board since October 2015.
Allen Howard, Executive Director, will now also revert to his original Non-Executive Director role with immediate effect.
Chief Executive Stephen Sanderson commented:
"We are delighted to welcome Kris Bone to the board. His wide energy sector, drilling and gas storage experience will prove invaluable in developing and delivering the Company's hydrogen storage projects. On behalf of the board and the Company, I would also like to thank Kiran for his valuable contribution and commitment to UKOG over the past nine years. We wish him continued good fortune at Cadence."
For further information, please contact:
UK Oil & Gas plc
Stephen Sanderson / Kris Bone Tel: 01483 941493
Zeus Capital Limited (Nominated Adviser and Broker)
James Joyce / James Bavister / Andrew de Andrade Tel: 0203 829 5000
CMC Markets (Joint Broker)
Douglas Crippen Tel: 0203 003 8632
Communications
Brian Alexander Tel: 01483 941493
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this information is now considered to be in the public domain.
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