27th Jan 2015 10:11
LONDON (Alliance News) - UK Oil & Gas Investments PLC said Tuesday that it has appointed Stephen Sanderson as Chief Executive Officer, although he won't be on the company's board.
Sanderson has recently held roles at Delta Hydrocarbons BV and ASP, and authored the technical appraisal of the company's recent Horse Hill discovery in the Weald Basin.
"Stephen will add significant technical and commercial strength to the company's management team as we endeavour to add value to shareholders from our rapidly growing exploration and production acreage here in the UK," said Chairman David Lenigas in a statement.
Shares in UK Oil & Gas were up 4.2% at 0.375 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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