Falkland Oil & Gas Appoints New CEO

Falkland Oil and Gas Limited reports the appointment of Tim Bushell as CEO effective January 16, 2006, the company said in a statement.

On December 22 the company announced that John Armstrong, the founding chairman of the company, was retiring as chairman to be replaced by Richard Liddell, who became non-executive chairman on January 1, 2006.

Tim Bushell (46) joins FOGL from UK firm Paladin Resources, where he has been managing director in Norway since 2001. Bushell joined Paladin from British independent Lasmo, where he worked for 10 years including spells as manager of Lasmo's North Sea assets and general manager of its South Atlantic business unit, which included the drilling campaign in the North Falklands basin in 1998.

Prior to joining Lasmo, Bushell spent time at Ultramar, British Gas and Schlumberger. A qualified geologist, he has a total of 23 years experience in the oil and gas industry.

Armstrong is remaining on the FOGL board as a non-executive director to ensure continuity of contact with all stakeholders, particularly with the Falkland Islands' government, the statement said.

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