Friday, July 9, 2010

Falcon Oil & Gas Ltd. Selects KPMG LLP as Independent Auditor

DENVER, July 9 /CNW/ -- Falcon Oil & Gas Ltd. (TSXV: FO) ("Falcon") a global energy company focused on acquiring, exploring and developing acreage positions of unconventional and conventional oil and gas resources, today announced that the company has selected KPMG LLP ("KPMG") as its independent auditor for the 2010 fiscal year.

"As Falcon continues to diversify its operations on a global scale our requirements for independent audit services are also evolving. As such we were in search of a firm with the optimal service offerings to match our international business requirements and found that KPMG had the global expertise we needed. Falcon's audit committee believes that the selection of KPMG is in the best interests of the company and its shareholders and the company looks forward to working with them," commented Evan L. Wasoff, Falcon's Chief Financial Officer.

"Hein & Associates LLP ("Hein"), our audit firm since inception, is a strong regional firm and we have been pleased with their hard work and close collaboration. We thank them for their service and look forward to working with them through the transition," Wasoff stated.

Falcon stated that the change in auditors was not caused by any disagreement between it and Hein. A copy of Falcon's notice of change of auditor is available at

Source: CNW Group