Sunday 22 October 2017

Falcon Oil and Gas appoints new chairman

Viktor Vekselberg’s Renova owns a 12.24pc stake in Falcon Oil as the Dublin-based fracking firm prepares to break ground in northern Australia
Viktor Vekselberg’s Renova owns a 12.24pc stake in Falcon Oil as the Dublin-based fracking firm prepares to break ground in northern Australia

Paul O'Donoghue

Irish exploration firm Falcon Oil and Gas has elected JoAchim Conrad, a non-executive director of the company since 2008, as its chairman.

Mr Conrad was appointed as executive managing director and member of the board of directors of Bosphorus Gaz Corporation in 2012.

He is also a senior advisor to the management of Gazprom Germania GmbH, a subsidiary of the world's largest natural gas company, Gazprom and the managing director of Berlin-based Gazprom Marketing & Trading GmbH.

Mr Conrad will replace current chairman John Craven, who will remain on as a non-executive director of the company.

Mr Conrad said: "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."

Falcon's portfolio is focused on Australia, South Africa and Hungary. Falcon is incorporated in British Columbia, Canada and headquartered in Dublin with a technical team based in Budapest, Hungary.

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