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 Fappening': Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
- 2 Frank Lampard equalises for Manchester City against Chelsea: how the internet reacted
- 5 Hitler’s former food taster reveals the horrors of the Wolf’s Lair
'The Fappening': Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
Scotland could still declare independence – even without referendum, says Alex Salmond
The Fappening: Jennifer Lawrence leaked 4Chan sex video branded 'fake' by forum users
Britain First picture: Photographer 'horrified' after first Afghan policewoman killed by Taliban used for 'ban the burka' campaign
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...