Falcon Oil & Gas Ltd. - Board Changes
May 03 2022 - 2:00AM
Falcon Oil & Gas Ltd. - Board Changes
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 / Partnerships |
Previous Directorships / 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 LimitedFalcon Oil & Gas
Australia LimitedFalcon Exploration And Production South Africa
(Pty) Ltd.Falcon Oil & Gas Ireland Limited |
N/A |
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.
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