U.S. Oil and Gas plc
(“the “Company”)
Board Changes
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with exploration assets in Nye County, Nevada, announces the appointment of Mr Christopher Kieran Comerford as Non Executive Director of the Company with effect from today.
Mr Comerford graduated from University College Dublin with an Honours Degree in Agricultural Science. In 1991he was elected by the council of the Irish Management Institute to be a Fellow for his exceptional contribution to the practice of management. He has been involved in business management for most of his working life and held various positions including being Chairman, Managing Directors and Chief Executive of a number of companies including Greencore plc, Geest Ltd and Budgetts UK in the UK, Ireland and Jersey. After his departure from Greencore plc, Mr Comerford performed consulting work for Fyffes and other companies and was appointed the Chief Executive of Geest Ltd when Fyffes set up the 50:50 joint venture with Wibdeco, the Windward Islands banana company. Mr Comerford has recently run his own international management consultancy business.
In accordance with the PLUS Rules for Issuers, the Company discloses the following details in respect of Mr Foster. ————————————————————————————————-
Current directorships Former directorships in the last five years
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None Comter Limited
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No further information is required pursuant to Rule 62 of Part 2 of the PLUS Rules for Issuers and paragraph 18 of Appendix 1 of the PLUS Rules for Issuers. In addition to the above appointment, Mr James Guiry, presently Non Executive Chairman of the Company has today accepted appointment as Executive Chairman of the Company, and Mr Brian McDonnell, Chief Executive Officer, has also assumed the responsibilities of Finance Director.
THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT.
For further information contact:
US Oil and Gas plc
Brian McDonnell, Chief Executive Officer +353 (0) 872383419
SVS Securities plc – PLUS Corporate Adviser
Peter Ward / Alexander Brearley +44 (0)20 7638 5600
Notes to Editors
US Oil and Gas plc is a PLUS (Ticker: USOP) listed oil and gas exploration company with a strategy to identify and acquire oil and gas assets in the early phase of the upstream life-cycle and mature them into marketable opportunities for the medium- and large-sized oil companies. The Company’s main asset is in Nye County, Nevada where it holds the entire share capital of the US-based company Major Oil International LLC. Major Oil has acquired, and intends to acquire, rights to exploration and development acreage in two high potential resource areas in Hot Creek Valley, Nye County, adjacent to the oil and gas rich Railroad Valley area of Nevada, both of which are part of the Sevier Thrust of central Nevada and western Utah, USA.
For further information please refer to our website at: www.usoil.us
U.S. OIL AND GAS PLC
(END) Dow Jones Newswires
June 01, 2010 12:47 ET (16:47 GMT)
Archive ref: SN20100601007424.nml
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