Sign up USA
Proactive Investors - Run By Investors For Investors

US Oil & Gas unveils board changes

US Oil & Gas unveils board changes



US Oil & Gas (GXG:USOP) has announced it has appointed Paul O’Callaghan to the board as director-finance with immediate effect.

O’Callaghan, a chartered accountant by trade, was previously company secretary of James Crean and more recently financial director and chief executive of insurance firm FBD Holdings.

The company, which has exploration assets in Nye County, Nevada, also revealed that non-executive director Andrew Harwood will go the other way, stepping down with immediate effect to focus on his other commitments.

“U.S. Oil and its board warmly acknowledge the contribution of Mr Harwood to the Company's progress to date, and we wish him the very best for success in the future,” said chairman Brian McDonnell.

The oil and gas explorer recently raised US$1.8 million through a placing to boost its working capital position.

It is planning production testing of the Eblana No.1 discovery well.

In June, the firm said the number and size of the reservoir zones it had encountered at the well was “beyond expectations”.



Register here to be notified of future Company articles
View full profile View Profile


February 15 2013
February 07 2013
Copyright ©, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use