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Falcon Appoints New Chief Financial Officer

Share Print Bookmark    |    Thursday,June 19,2014

Falcon Oil & Gas Ltd. has reported the appointment of Mr. Michael Gallagher as Chief Financial Officer with immediate effect.

Michael joined Falcon in October 2012 as Group Financial Controller with responsibility for the Group's Dublin, Hungarian and Australian finance and commercial functions following 11 years working with PricewaterhouseCoopers in Ireland and the USA. At PwC, Michael had previously worked with and advised both quoted and unquoted Oil & Gas exploration and production companies. Michael qualified as a Chartered Accountant with PwC Dublin and is a Fellow of Chartered Accountants Ireland.

Mr. Eoin Grindley steps down as CFO with immediate effect.

Broker Update

Engagements with Cantor Fitzgerald Europe, Falcon's joint broker have now ended.

The appointment of Mr. Michael Gallagher is subject to TSXV approval.

Philip O'Quigley, CEO of Falcon commented: "I am very pleased to announce the appointment of Michael as Chief Financial Officer. Michael has played an active role in Falcon and was integral to the execution of the recently announced transformational farm-out with Origin and Sasol of 2 May 2014. The management team remain focused in achieving the key milestones in the Australia Farm-out program and developing our assets in South Africa and Hungary and are confident that Michael further strengthens the team at this important time.

"I would like to thank Eoin for his contribution over the last two years, and wish him well in his future projects."