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
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
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 Limited
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
Additional information about the Company can be found
atwww.longreachoilandgas.com and under the Company's SEDAR profile
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CO: Longreach Oil and Gas Limited
NI: OIL 2575 WNEWS
-0- Jan/28/2014 23:00 GMT
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