United Oil & Gas PLC (AIM: UOG) shares rose more than 26% to 0.215p on Monday after the company appointed Donal Meehan as Chief Operating Officer with immediate effect.
Meehan, who previously served as United’s Head of Commercial, takes up the non-board role as the company focuses on progressing the Walton-Morant farm-out in Jamaica and preparing the asset for its next phase.
Highlights
- United Oil & Gas shares rose more than 26% to 0.215p
- Donal Meehan appointed Chief Operating Officer
- Meehan previously served as United’s Head of Commercial
- He has more than 20 years of upstream oil and gas experience
- Career includes roles at ExxonMobil and Providence Resources
- Appointment comes as United pushes to conclude the Walton-Morant farm-out
- Management says the move strengthens both operational readiness and commercial capability
Meehan brings more than two decades of international upstream oil and gas experience, spanning production operations, deepwater exploration, commercial negotiations and asset development.
He began his career at ExxonMobil before moving to Providence Resources and has worked across the upstream lifecycle from onshore production to frontier deepwater exploration.
Meehan is also a former chair of the Society of Petroleum Engineers Ireland section and holds a first-class honours degree in chemical engineering from University College Dublin.
Chief executive Brian Larkin said the appointment comes at an important point for United as it seeks to conclude the Jamaican farm-out and strengthen the business for its next stage of development.
Larkin added that Meehan had already played an important role in advancing the company’s commercial strategy and brings a combination of technical experience, asset knowledge and transactional capability.
Meehan said his immediate priorities would be to continue progressing the Walton-Morant farm-out, maintain operational readiness and move the licence into its next phase.
