Longreach Announces Resignation of Director and Officer; Appointment of New CFO
SAINT HELIER, Jersey, Jan. 28, 2014 /CNW/ - LONGREACH OIL AND GAS LIMITED (TSX-V: LOI) (the "Company" or "Longreach") announces the resignation of Jonathan Morley-Kirk from the Board of Directors (the "Board") as well as from his position as Chief Financial Officer ("CFO") and Secretary of the Company. The Board has appointed Martin Arch, who held the position of controller with Longreach, as the Company's new CFO and Secretary. Mr. Arch, a Chartered Accountant, is a Member of the Institute of Chartered Accountants in England and Wales, having qualified with Pawley and Malyon before joining KPMG. In 2008 he joined Sterling Energy Plc, and held the role of Group Financial Controller from 2009 - 2011. He subsequently joined James Walker Group Limited in November 2011, prior to joining Longreach in September 2013 as the Company controller.
The Company expects a brief transition period during which Mr. Arch will assume his new responsibilities. Management extends its thanks to Mr. Morley-Kirk for his contribution to the Company and wishes him well in his career.
Longreach Oil and Gas is an independent Canadian oil and gas company focused on its significant land position in Morocco. The Company has a 50% operated interest in the Sidi Moktar license area covering 2,683 square kilometres and is working closely with ONHYM as a committed long-term partner to unlock the hydrocarbon potential of the region. Morocco offers a politically stable environment to work within and has extremely favourable fiscal terms to energy producers. Longreach Oil and Gas is a public company listed on the TSX Venture Exchange under the symbol "LOI".
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Longreach Oil and Gas LimitedFor further information:
For Further Information on Longreach Oil & Gas Limited contact:
Dennis A. Sharp, P. Eng., Executive Chairman & CEO
Neil Hamzaoui, Commercial Manager Tel: +44 203 137 7756