LONDON, UK: Falcon Oil & Gas Ltd. announced the appointment of Joe Nally as Non-executive Chairman and to the Board of the Company, with immediate effect, replacing Joachim Conrad who will remain on the Board as a Non-executive Director.
Mr Nally has over 45 years’ experience in London’s capital markets including 18 years at Cenkos Securities PLC, a firm he co-founded in 2004. Mr Nally was an Executive Director and Head of Natural Resources at Cenkos, where he helped to build, develop and give strategic advice to a number of successful companies in the oil and gas sector. Prior to this, Mr Nally was a partner and director at Williams de Broe and an individual member of the International Stock Exchange of London.
Philip O’Quigley, Falcon’s CEO said: “We are delighted to welcome Joe onto the board of Falcon as Non-executive Chairman. Joe’s strategic insight and vision gained from his extensive experience in oil and gas in the UK and North American markets will be a huge asset to the Company. I look forward to working with Joe as we enter the next stage of development following the exciting Amungee NW-1H test results announced on 3 September 2021. I would like to sincerely thank Joachim Conrad for his stewardship of the Company as Chairman since 2015 and I am delighted that he will remain on the board as a Non-executive Director.”
Joe Nally, Non-executive Chairman said: “I am delighted to be joining the Board of Falcon at this exciting time with the recent significant development providing a line of sight to gas commercialisation of the Beetaloo in the Northern Territory, Australia.”
Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in Budapest, Hungary.
Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd. Falcon Oil & Gas Australia Limited and a wholly-owned subsidiary of Origin Energy Limited (ASX: ORG) (“Origin”) are joint venture partners in respect of the Beetaloo project. www.falconoilandgas.com