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Tamboran Resources to acquire Falcon Oil & Gas in $500M deal, creating a major player in Australia’s Beetaloo Basin.
Tamboran Resources has agreed to acquire Falcon Oil & Gas in a deal creating a combined entity with about 2.9 million net prospective acres in Australia’s Beetaloo Basin, valued at over $500 million.
The transaction, which includes 6.5 million Tamboran shares and $23.7 million in cash, gives Falcon shareholders 0.00687 shares per Falcon share, representing roughly 26.8% ownership.
The deal, approved by both boards, offers a 19.7% premium to Falcon’s closing share price and is expected to close in early 2026, pending approvals.
Upon completion, Falcon will cease operations and delist from the AIM and TSX Venture Exchange.
Tamboran Resources adquiere Falcon Oil & Gas en un acuerdo de 500 millones de dólares, creando un jugador importante en la cuenca de Beetaloo de Australia.