Falcon Oil & Gas Ltd. Falcon Oil & Gas Ltd. - Board Changes
May 03 2022 - 1:00AM
UK Regulatory
TIDMFOG
Falcon Oil & Gas Ltd.
("Falcon" or the "Company")
Board Changes
03 May 2022 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is
pleased to confirm the appointment of Tom Layman as a Non-Executive
Director and to the Board of the Company (the "Board"). Anne Flynn,
Falcon's Chief Financial Officer, has also been appointed to the
Board. In conjunction with these appointments, Daryl Gilbert and
JoAchim Conrad have retired as Non-Executive Directors from the
Board. All of these changes take place with immediate effect.
Tom Layman is a certified petroleum geologist with over 40
years' experience in the oil and gas industry. Mr Layman has
significant knowledge of unconventional resources, having worked on
over 4,000 horizontal and vertical shale and unconventional wells
across multiple US onshore basins on exploration and development
projects.
Mr Layman currently acts as a geoscience consultant, having
previously been Senior VP of Geoscience at Parsley Energy, where he
held an executive leadership role directing exploration and
development of geoscience activities. Before he joined Parsley
Energy, Tom was VP of Exploration Southern Division at Chesapeake
Energy, where he worked for over seven years and was responsible
for exploration and development activities across the company's
asset portfolio. Prior to this, Tom was a Geoscience Manager at
Burlington Resources and a Geologist at Exxon. Tom has been a
member of the American Association of Petroleum Geologists (AAPG)
for 38 years and currently serves on the Geology Foundation
Advisory Council at the University of Texas at Austin.
Anne Flynn was appointed as Falcon's Chief Financial Officer in
2016, having joined the Company in 2014 as Group Financial
Controller with responsibility for the Group's Dublin, Hungarian,
Australian and South African finance and commercial functions. Ms
Flynn joined the Company from Adobe Systems Inc. where she held a
managerial role. Anne qualified as a Chartered Accountant during
her time at PwC, where she spent six years in PwC's Dublin and New
York offices.
Joe Nally, Chairman of Falcon, said:
"On behalf of the Board of Falcon I would like to thank both
Daryl and JoAchim for their valuable contribution to the
development of the Company over the last 14 years and we wish them
well for the future.
I am delighted to welcome Tom and Anne to the Board. Tom brings
over 40 years of deep industry experience, particularly in
unconventional resources, and the Board looks forward to
benefitting from this knowledge as the Company enters Stage 3 work
programme in the Beetaloo Sub-basin. Anne has been with Falcon
since 2014 and has been an invaluable member of the team in the
role of CFO. Her knowledge of Falcon and its activities will be of
great value at what is an exciting time for the Company."
Rule 17 and Schedule Two paragraph (g) of the AIM Rules for
Companies
The following information is disclosed pursuant to Rule 17 and
Schedule Two paragraph (g) of the AIM Rules for Companies in
relation to Thomas Layman and Anne Flynn.
Full name: Thomas (Tom) Bruce Layman (age 64 years)
Current Directorships / Previous Directorships / Partnerships
Partnerships (last five years)
----------------------- -------------------------------------
N/A N/A
Full name: Anne Flynn (age 38 years)
Current Directorships / Partnerships Previous Directorships / Partnerships
(last five years)
------------------------------------ -------------------------------------
Falcon Oil & Gas Holdings Ireland N/A
Limited
Falcon Oil & Gas Australia
Limited
Falcon Exploration And Production
South Africa (Pty) Ltd.
Falcon Oil & Gas Ireland Limited
------------------------------------ -------------------------------------
At the date of this announcement, Anne Flynn holds 200,000
ordinary shares in the capital of the Company.
Save as disclosed above there are no additional disclosures to
be made in accordance with AIM Rule 17 or Schedule Two paragraph
(g) of the AIM Rules for Companies.
Ends.
CONTACT DETAILS:
Falcon Oil & Gas Ltd. +353 1 676 8702
Philip O'Quigley, CEO +353 87 814 7042
Anne Flynn, CFO +353 1 676 9162
Cenkos Securities plc (NOMAD &
Broker)
Neil McDonald / Derrick Lee +44 131 220 9771
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil & gas
company engaged in the exploration and development of
unconventional oil and gas assets, with the current portfolio
focused in Australia, South Africa and Hungary. Falcon Oil &
Gas Ltd is incorporated in British Columbia, Canada and
headquartered in Dublin, Ireland with a technical team based in
Budapest, Hungary.
For further information on Falcon Oil & Gas Ltd. please
visit www.falconoilandgas.com
Certain information in this press release may constitute
forward-looking information. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Falcon assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Falcon. Additional information identifying risks and
uncertainties is contained in Falcon's filings with the Canadian
securities regulators, which filings are available at
www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
(END) Dow Jones Newswires
May 03, 2022 02:00 ET (06:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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