David Quirke announced that he is stepping down from his position as United Oil & Gas’ Chief Financial Officer (CFO) and Executive Director, UOG declared.

The company elaborated that Quirke will remain in his position as CFO and Executive Director until a date that will be agreed upon soon.

UOG said that company will be actively looking for a new CFO and until then Quirke will remain in his current position to ensure an orderly transition.

Commenting on this development, Brian Larkin, UOG ‘s CEO said, “David has been CFO, during some of our exciting and challenging years and I thank him for his insight, guidance and commitment. David has been instrumental in our asset acquisitions, divestments and capital markets transactions. I have worked closely with David over the last three years, he has made an outstanding contribution to United and I am sorry to see David leave.”

Larkin added, “On behalf of the Board I would like to thank him for all his hard work and commitment and I wish him all the very best and success in his future endeavors.”

For his part, Quirke said “I have thoroughly enjoyed my time at United but have decided that the time is right to pursue new challenges. United’s balance sheet has been significantly strengthened recently via debt refinancing and the completion of divestments, providing a platform for growth. I look forward to watching the next chapter in United’s growth story and wish Brian and the dedicated team all the best.”