Craven set for market return with Falcon float
John Craven, the serial energy entrepreneur who recently sold East Africa-focused Cove Energy to Thailand's PTT for more than £1bn, is due to make another appearance on the UK stock market with the listing of Falcon Oil & Gas.
The Dublin-headquartered, Toronto-listed explorer with operations in Australia, South Africa and Hungary hired 63-year old Mr Craven to be its non-executive chairman in September 2011.
Yesterday, the company announced plans to seek additional listings on London's AIM market and the ESM market of the Irish Stock Exchange.
The flotation would raise £16.9m through the issue of 120.3 million new shares at 14p each, with dealings set to commence on 28 March.
But Falcon is only one of several projects involving Mr Craven, a 35-year veteran of the oil industry.
He was one of the main players behind last year's float of Fastnet Oil & Gas, the AIM-listed company exploring for oil and gas off the Irish coast, and is also heavily involved in Discover Exploration, a private explorer focused in offshore Mozambique.
And why are 'southern' ways of speaking spreading north?
Ten best places to live in the UK: Solihull comes top
Mysterious glowing ‘alien-like creature’ spotted in waters of Bristol Harbour. A jellyfish - or something fishy?
From 'terrorist' to tea with the Queen
UK weather: Thousands evacuated along East Coast as more surge tides forecast
Nelson Mandela death: his life in pictures
- 1 Cameron's freebie to apartheid South Africa
- 2 Nelson Mandela life story: An unconquerable spirit
- 3 Is this the scariest advert ever? Japanese tyre commercial comes with its own disclaimer and health warning
- 4 A forgotten episode in Russian history leaves links with the Philippines
- 5 From 'terrorist' to tea with the Queen
iJobs Money & Business
£450 - £500 per hour: Cornwallis Elt : Business Analyst Finance System Hy...
£400 - £550 per day: Cornwallis Elt : BUSINESS ANALYST- OPERATIONS- PRIVATE B...
£50000 - £65000 per annum + benefits + bonus: Harrington Starr: Market Data SM...
£50000 - £70000 per annum + benefits + bonus: Harrington Starr: Business Analy...