As part of the restructuring of the company, Nu-Oil and Gas plc announced that Mr. Jay Bhattacherjee will be appointed as Non-Executive Chairman (elect) and Mr. Andrew Dennan will be appointed as Non-Executive Director (elect). Graham Scotton, previously Executive Chairman, has transitioned to Non-Executive Chairman. Frank Jackson remains as a Non-Executive Director.

Damian Minty, Joint Managing Director and Chief Financial Officer, and Alison Pegram, Joint Managing Director, have agreed to resign their roles and are standing down from the Board, effective immediately. Non-Executive Directors, Professor Michael Bowman and Mr. Tejvinder Minhas, have also both resigned, effective immediately. Mr. Bhattacherjee and Mr. Dennan will only join the Board subject to all of the resolutions being passed at the General Meeting.