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Share Price: 13.40

Bid: 13.15

Ask: 13.80

Change: -0.35 (-2.55%)

Spread: 0.65 (4.943%)

Open: 13.50

High: 13.80

Low: 13.30

Prev. Close: 13.75

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United Oil Appoints Rockhopper CFO Stewart MacDonald To Board

Thu, 12th Mar 2020 17:25

(Alliance News) - United Oil & Gas PLC on Thursday said it has appointed Stewart MacDonald as non-executive director pursuant to the company's acquisition of Rockhopper Egypt Pty Ltd from Rockhopper Exploration PLC.

Earlier in February, United Oil completed the purchase of Rockhopper Egypt from Rockhopper for USD16 million. Rockhopper Egypt holds a 22% non-operated interest in the Abu Sennan concession, where production averaged 7,900 barrels of oil equivalent per day in the first half on February.

The AIM listed oil & gas exploration company said MacDonald has 17 years of energy and corporate finance experience. He was appointed as chief financial officer of Rockhopper in March 2014

Graham Martin, United's chair, said: "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."

Shares in United Oil closed 16% lower at 1.72 pence each in London on Thursday. Rockhopper shares closed 19% lower at 5.20p each.

By Tapan Panchal; tapanpanchal@alliancenews.com

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19 Oct 2012 09:00

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Falklands govt rubber stamps Rockhopper farm-out

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Broker snap: Action-packed year ahead for E&Ps, says Credit Suisse

Credit Suisse has highlighted Ophir Energy as its focus list stock in its sector review of oil and gas explorers and producers (E and Ps). "We continue to favour select E&P names in Europe. The emphasis is on the 'E' that provides for uncorrelated returns via the drillbit, as activity looks set to

28 Aug 2012 08:19

Tuesday broker round-up

Afren: Credit Suisse downgrades to neutral, target cut from 185p to 170p. BHP Billiton: Morgan Stanley cuts target from 2,280p to 2,180p, overweight rating kept. Bunzl: Seymour Pierce raises target from 1,000p to 1,055p, hold recommendation maintained. Cairn Energy: Credit Suisse cuts target from

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Burberry CFO makes multiple transactions

Stacey Cartwright, the Executive Vice President and Chief Financial Officer of high-end fashion label Burberry, has sold 122,500 of the 132,500 shares she received which vested on Thursday. Cartwright, who joined the firm as CFO in 2004, sold the shares at 1,211.99p each, earning her a total of £1

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Monday broker round-up

Antofagasta: Nomura cuts target from 1,500p to 1,450p, buy rating kept. Betfair: Jefferies maintains buy rating and 900p target. BHP Billiton: Nomura cuts target from 2,400p to 2,100p, buy rating kept. Bumi: Nomura cuts target from 860p to 750p, neutral rating kept. ENRC: Nomura cuts target from

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Premier's Rockhopper move not without risks

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Thursday broker round-up

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Rockhopper hails potential of Sea Lion field

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Friday broker round-up

ARM Holdings: Jefferies raises target from 466p to 485p, underperform rating kept. Debenhams: UBS raises target from 75p to 80p, neutral recommendation kept; Nomura ups target from 81p to 90p, neutral rating kept. IMI: Investec maintains buy rating, 1,180p target under review. Intermediate Capita

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