Business
Falcon Oil & Gas Ltd. Announces the Resignation of a Director
DENVER, May 30 /CNW/ -- Falcon Oil & Gas Ltd. (TSXV: FO) ("Falcon") announced that it has receive...
About this update from Falcon Oil & Gas Ltd.
[{"type":"text","content":"\n\n\n\nDENVER, May 30 /CNW/ -- Falcon Oil & Gas Ltd. (TSXV: FO) ("Falcon")\nannounced that it has received, and has accepted, the resignation of one of\nits directors, Mr. Igor Akhmerov, effective May 29, 2008. In his resignation,\nMr. Akhmerov indicated that his decision to resign was based on his need to\nfocus on the development of Avelar Energy Group, a corporation of which Mr.\nAkhmerov is the Chief Executive Officer.\n\n\nMarc A. Bruner, Falcon's President, Chief Executive Officer and Chairman\nof the Board stated, "I would like to thank Igor, on behalf of Falcon and the\nother members of Falcon's board, for the valuable contribution he has made to\nFalcon as a director during this critical time in Falcon's history."\n\n\nAbout Falcon Oil & Gas Ltd.\n\n\nFalcon Oil & Gas Ltd. is a British Columbia corporation which is in the\nbusiness of oil and gas exploration and production. It has operations in\nHungary through its wholly-owned subsidiary TXM Exploration and Production,\nLLC, and in Romania through its wholly-owned subsidiary JVX Energy\nCorporation. Further information about Falcon is available at\nhttp://www.falconoilandgas.com.\n\n\n Falcon Oil & Gas Ltd. Investor and Public Relations:\n Alexander Hubbard-Ford\n +1 303-951-1116\n\n\nIn the interests of providing Company shareholders and potential\ninvestors with information regarding the Company, including the Company's\nassessment of its and its subsidiaries' future plans and operations, certain\nstatements included in this press release may constitute forward-looking\ninformation or forward looking statements (collectively, "forward-looking\nstatements"). All statements contained herein that are not clearly historical\nin nature are forward-looking, and the words "anticipate", "believe",\n"expect", "estimate" and similar expressions are generally intended to\nidentify forward-looking statements. Similarly, forward-looking statements in\nthis press release include, but are not limited to anticipated developments of\nthe Company's drilling project in Hungary and the timing thereof, the\nCompany's drilling project in Romania and the timing thereof, capital\ninvestment levels and the allocation thereof, pipeline capacity, government\nroyalty rates, reserve and resources estimates, th...