Falcon Oil & Gas Appoints New Chairman

Falcon Oil & Gas Ltd’s board of directors has elected Joachim Conrad, a non-executive director of the company since 2008, as the energy firm’s new chairman.

Conrad, who will replace John Craven, was previously appointed as the executive managing director of Bosphorus Gaz Corporation in 2012. He is also a senior advisor to the management of Gazprom Germania GmbH, which owns a 71 percent majority stake in Bosphorus Gaz. Craven will remain a non-executive director of Falcon.

Falcon’s John Craven commented in a company statement:

"After many years as a chairman of Falcon, I now believe that the company has a strong platform on which to build value across all its portfolio. As a director and shareholder, I look forward to continued positive developments in the Beetaloo basin, Australia together with Falcon's exploration interest in South Africa and I would like to express my best wishes to Joachim going forward."

Joachim Conrad said in a Falcon statement:

"On behalf of the board, I would like to thank John for his wonderful contribution as chairman over the past number of years, in particular, for establishing a clear strategy for the company to enhance shareholder value. I look forward to my new role as chairman of the board and I will be happy to continue serving Falcon Oil & Gas for the benefit of the shareholders."



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