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Falcon Oil & Gas ( (TSE:FO) ) has provided an announcement.
Falcon Oil & Gas Ltd. and Tamboran Resources Corporation have entered into a definitive agreement for Tamboran to acquire Falcon, creating a 2.9-million-acre business in the Beetaloo Basin. This transaction, valued at C$239 million, aims to consolidate two leading companies in the region, enhancing Tamboran’s working interest and market capitalization. The deal, approved by both companies’ boards, is expected to close in the first quarter of 2026, subject to shareholder approvals. Upon completion, Falcon shareholders will receive Tamboran shares, and Falcon will cease to own its assets, marking a significant shift in its operational structure.
More about Falcon Oil & Gas
Falcon Oil & Gas Ltd is an international oil and gas company focused on the exploration and development of unconventional oil and gas assets, primarily in Australia. Incorporated in British Columbia, Canada, and headquartered in Dublin, Ireland, Falcon Oil & Gas Ltd operates through its subsidiaries, including Falcon Oil & Gas Australia Limited, which is a 98% subsidiary.
See more data about FO stock on TipRanks’ Stock Analysis page.