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.
- 1 The truth about 'girl things': Three cheers for Heather Watson's honesty
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 5 Men behaving badly: Urinating while standing, 'manspreading' and the gendering of selfishness
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
British Muslim school children suffering a backlash of abuse following Paris attacks
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
iJobs Money & Business
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...
£16000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...
£45000 - £47000 per annum + bonus + benefits: Ashdown Group: Java Developer / ...
£35000 - £38000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...