Falcon Oil & Gas Ltd. announced that the Board of Directors has elected JoAchim Conrad, a nonexecutive 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 nonexecutive director of the company.

Mr. Joachim Conrad was appointed as Executive Managing Director and Member of the Board of Directors of Bosphorus Gaz Corporation in 2012.