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 capabilities 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 financial acumen and sector-specific knowledge to guide the company's strategic decisions. He has pointed to Union Jack Oil's established operations, including the Wressle field in North Lincolnshire, as a solid foundation for growth. Additionally, Howie highlighted the company's recent initiatives, such as the drilling at the Andrews 1 well in the United States and its trading commencement on the OTCQB market, as key steps toward expanding its footprint in the US market.
These efforts are part of Union Jack Oil's broader strategy to capitalize on new drilling opportunities and increase investor awareness and liquidity in its shares. With Howie's appointment, the company is well-positioned to navigate the challenges and opportunities of its ambitious expansion plans. For more information on Union Jack Oil's operations and strategic initiatives, visit https://www.unionjackoil.com.
