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Falcon Oil & Gas appoints Gyorgy Szabo as board chairman

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Staff writer | Denver, Co., USA | September 24, 2009
Falcon Oil & GasSeptember 24, 2009, Denver, Co., USA - Falcon Oil & Gas Ltd. announced that it has appointed Gyorgy Szabo as Chairman of the Company's Board.
Dr. Szabó graduated from Miskolc University and received a degree in petroleum engineering in 1963. He received his Ph.D. in 1975. Dr. Szabó has been a Director of Falcon since 2006.

He has also served as Consultant and Mining Bureau Registered Technical Responsible Person for Falcon’s wholly-owned subsidiary TXM Oil & Gas Exploration Kft. since 2005.

Dr. Szabó is a widely recognized authority in the Hungarian and international petroleum industry. In addition to being a university professor, Dr. Szabó has overseen the design and implementation of the deepest HP-HT well ever drilled in Hungary.

In 1991 Dr. Szabó was in charge of successful fire control and well abandonment operations by Hungarian teams in Kuwait.

He was instrumental in the privatization and the strategy related to the capitalization and structure of Hungary’s former National Oil Corporation (presently MOL), as well as the landmark listing of the company on domestic and international securities exchanges in 1995.