Tambouran signs an agreement to buy oil and gas Fallon

Tamboran Resources has agreed to buy Falcon Oil & GAS in a deal that creates one of the largest space holders in the Beetaloo Basin in Australia, with about 2.9 million potential acres.

The deal will witness that Tambourran has all the FALCON subsidiaries for 6.5 million shares of its joint shares and $ 23.7 million in cash.

The Falcon deal is estimated at about $ 172 million (146.33 million euros).

This will lead to the fact that Falcon investors carry a 26.8 % stake in the joint entity, with Tambouran shareholders 73.2 %.

The two companies were unanimously given the green light of the deal, which is scheduled to be closed in the first quarter of 2026.

The completion of the deal is subject to the approval of the shareholders.

This deal extends to the Tamburran imprint in Depocentre Beetaloo, or the sub -pelvis, and its interest in the second stage of the development area to 80.62 %.

In this region, Tamboran is currently performing a Farmout operation with RBC Capital Markets.

This aims to enable Tamburran to determine a new development partner for a larger part while maintaining the material interest.

“When the transaction is closed, Falcon will benefit from the increased exposure to experimental development currently critical in Beetaloo,” said Falcon Oil & Gilip O’Quigley.

O’Quigley added that the agreement eliminates any state of uncertainty in the participation of Falcon in the second stage of the farm, and provides shareholders direct access to the continuous experimental development activities in Tamboran in Beetaloo.

“The transaction between Tambouran and Falcon is a logical unification of the two most active Beetaloo Basin companies,” said Tamburran’s chairman and temporary CEO Richard Stonberner.

Upon completion of the deal, Tambourran will control approximately 2.9 million potential net acres, including the risks other than working in the blocks that Daly Water Energy.

In November 2024, Falcon Spudding announced From Shenandoah S2 – 4H (SS4H) well in Beetaloo Sub -Basin in the northern region of Australia.

The “Tamboran Signs Convention for the purchase of Falcon Oil & GAS” was originally created Marine technologyThe brand owned by Globaldata.

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