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Falcon Oil & Gas Ltd. has elected JoAchim Conrad, a non-executive director of the Company since 2008, as its Chairman. Through this appointment, the Board of Directors is looking forward to Falcon benefiting from Mr Conrad's extensive international experience in natural gas operations. John Craven will remain a non-executive director of the company.
John Craven, commented: "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 commented: "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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