Falcon Oil & Gas Ltd. announced the hiring of Mr. Philip O'Quigley to assume the role of Chief Executive Officer. Mr. O'Quigley has over 20 years' experience working in the oil and gas industry. His career, which spans a number of London and Dublin listed E & P companies, includes experience working in countries such as Argentina, the United States, Algeria, the UK and Ireland. Mr. O'Quigley is currently Finance Director of Providence Resources plc, an Irish oil and gas exploration and production company. He qualified as a Chartered Accountant with Ernst & Young, Dublin and is a Fellow of the Institute of Chartered Accountants of Ireland. Mr. Robert Macaulay, a Director of the company who stepped in as interim CEO in November 2010, will remain on the Board while assisting with the transition of CEO responsibilities to Mr. O'Quigley.