Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) has announced the appointment of Craig Howie, a seasoned expert in the natural resources sector, to its board as an independent non-executive director. This strategic move is aimed at enhancing the company's financial and operational expertise as it pursues an aggressive expansion strategy in the United States.
Howie brings a wealth of experience from his tenure at KPMG corporate finance in Aberdeen during the early to mid-2000s, where he specialized in the oil and gas sector. His decision to join Union Jack Oil's board is rooted in a long-standing relationship with the company and its executive chairman, David Brown Hill, dating back to before the company's flotation by Shore Capital in 2013.
In his new role, Howie will serve as chairman of the audit committee, contributing his strong financial acumen and deep industry knowledge. He highlighted the company's operational achievements, including the development of the Wressle field in North Lincolnshire, and recent strategic initiatives such as the drilling at the Andrews 1 well in the United States and the commencement of trading on the OTCQB market.
These initiatives are part of Union Jack Oil's broader strategy to capitalize on new drilling opportunities in the US and improve investor awareness and liquidity for its shares. Howie's appointment is seen as a key step in supporting the company's growth ambitions and strengthening its governance framework.
For more information on Union Jack Oil PLC's operations and strategic initiatives, visit https://www.unionjackoil.com.
