This appointment is made pursuant to the terms of the acquisition agreement dated 22 July 2019 between Rockhopper Exploration Plc and the company relating to the acquisition by the company of Rockhopper Egypt Pty Limited from Rockhopper PLC which provides that for as long as Rockhopper PLC holds 10% or more of the entire issued share capital of the company it is entitled to appoint a director to the Board of United.
MacDonald has 17 years of energy and corporate finance experience. He was appointed as Chief Financial Officer of Rockhopper PLC in March 2014 and prior to that MacDonald was a director of Rothschild’s global oil and gas group where he spent 12 years advising clients in the sector on a range of M&A transactions as well as debt and equity financings.
Graham Martin, United’s Chairman, commented: “I am delighted to welcome Stewart to the Board of United Oil & Gas. His familiarity with the Abu Sennan asset and experience in Egypt will prove invaluable to United. We are sure Stewart will make a very positive contribution to the Board.”
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/12032020/united-oil-gas-appoints-non-executive-director/